IRIS Accounts Production v22.1.4.3 05226964 Board of Directors 1.3.21 28.2.22 28.2.22 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure052269642021-02-28052269642022-02-28052269642021-03-012022-02-28052269642020-02-28052269642020-02-292021-02-28052269642021-02-2805226964ns16:EnglandWales2021-03-012022-02-2805226964ns15:PoundSterling2021-03-012022-02-2805226964ns11:Director12021-03-012022-02-2805226964ns11:PrivateLimitedCompanyLtd2021-03-012022-02-2805226964ns11:SmallEntities2021-03-012022-02-2805226964ns11:AuditExempt-NoAccountantsReport2021-03-012022-02-2805226964ns11:SmallCompaniesRegimeForDirectorsReport2021-03-012022-02-2805226964ns11:SmallCompaniesRegimeForAccounts2021-03-012022-02-2805226964ns11:FullAccounts2021-03-012022-02-2805226964ns11:OrdinaryShareClass12021-03-012022-02-2805226964ns11:Director22021-03-012022-02-2805226964ns11:Director32021-03-012022-02-2805226964ns11:Director42021-03-012022-02-2805226964ns11:Director52021-03-012022-02-2805226964ns11:RegisteredOffice2021-03-012022-02-2805226964ns6:CurrentFinancialInstruments2022-02-2805226964ns6:CurrentFinancialInstruments2021-02-2805226964ns6:Non-currentFinancialInstruments2022-02-2805226964ns6:Non-currentFinancialInstruments2021-02-2805226964ns6:ShareCapital2022-02-2805226964ns6:ShareCapital2021-02-2805226964ns6:RetainedEarningsAccumulatedLosses2022-02-2805226964ns6:RetainedEarningsAccumulatedLosses2021-02-2805226964ns6:ShortLeaseholdAssetsns6:LandBuildings2021-03-012022-02-2805226964ns6:LeaseholdImprovements2021-03-012022-02-2805226964ns6:FurnitureFittings2021-03-012022-02-2805226964ns6:MotorVehicles2021-03-012022-02-2805226964ns6:ComputerEquipment2021-03-012022-02-2805226964ns6:ShortLeaseholdAssetsns6:LandBuildings2021-02-2805226964ns6:LeaseholdImprovements2021-02-2805226964ns6:FurnitureFittings2021-02-2805226964ns6:ShortLeaseholdAssetsns6:LandBuildings2022-02-2805226964ns6:LeaseholdImprovements2022-02-2805226964ns6:FurnitureFittings2022-02-2805226964ns6:ShortLeaseholdAssetsns6:LandBuildings2021-02-2805226964ns6:LeaseholdImprovements2021-02-2805226964ns6:FurnitureFittings2021-02-2805226964ns6:MotorVehicles2021-02-2805226964ns6:ComputerEquipment2021-02-2805226964ns6:MotorVehicles2022-02-2805226964ns6:ComputerEquipment2022-02-2805226964ns6:MotorVehicles2021-02-2805226964ns6:ComputerEquipment2021-02-2805226964ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-2805226964ns6:WithinOneYearns6:CurrentFinancialInstruments2021-02-2805226964ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2022-02-2805226964ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2021-02-2805226964ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2022-02-2805226964ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2021-02-2805226964ns6:WithinOneYear2022-02-2805226964ns6:WithinOneYear2021-02-2805226964ns6:BetweenOneFiveYears2022-02-2805226964ns6:BetweenOneFiveYears2021-02-2805226964ns6:MoreThanFiveYears2022-02-2805226964ns6:MoreThanFiveYears2021-02-2805226964ns6:AllPeriods2022-02-2805226964ns6:AllPeriods2021-02-2805226964ns6:DeferredTaxation2021-02-2805226964ns6:DeferredTaxation2022-02-2805226964ns11:OrdinaryShareClass12022-02-2805226964ns6:RetainedEarningsAccumulatedLosses2021-02-2805226964ns6:RetainedEarningsAccumulatedLosses2021-03-012022-02-28
REGISTERED NUMBER: 05226964 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2022

FOR

BATHROOM AND PLUMBING SUPERSTORE LIMITED

BATHROOM AND PLUMBING SUPERSTORE LIMITED (REGISTERED NUMBER: 05226964)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BATHROOM AND PLUMBING SUPERSTORE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2022







DIRECTORS: Mrs L A Smith
T S Milbery
L O Middleditch
M Whittaker
S Cook





REGISTERED OFFICE: Chart House
2 Effingham Road
Reigate
Surrey
RH2 7JN





REGISTERED NUMBER: 05226964 (England and Wales)





ACCOUNTANTS: John Williams & Co Limited
Chartered Certified Accountants
Chart House
2 Effingham Road
Reigate
Surrey
RH2 7JN

BATHROOM AND PLUMBING SUPERSTORE LIMITED (REGISTERED NUMBER: 05226964)

BALANCE SHEET
28 FEBRUARY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 130,206 136,765

CURRENT ASSETS
Stocks 5 1,152,594 803,127
Debtors 6 819,593 869,779
Cash at bank and in hand 605,110 595,326
2,577,297 2,268,232
CREDITORS
Amounts falling due within one year 7 1,589,373 1,235,829
NET CURRENT ASSETS 987,924 1,032,403
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,118,130

1,169,168

CREDITORS
Amounts falling due after more than one year 8 (227,501 ) (291,667 )

PROVISIONS FOR LIABILITIES 10 (24,485 ) (25,675 )
NET ASSETS 866,144 851,826

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 866,044 851,726
SHAREHOLDERS' FUNDS 866,144 851,826

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BATHROOM AND PLUMBING SUPERSTORE LIMITED (REGISTERED NUMBER: 05226964)

BALANCE SHEET - continued
28 FEBRUARY 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 July 2022 and were signed on its behalf by:





Mrs L A Smith - Director


BATHROOM AND PLUMBING SUPERSTORE LIMITED (REGISTERED NUMBER: 05226964)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022

1. STATUTORY INFORMATION

Bathroom And Plumbing Superstore Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Over the length of the lease
Improvements to property - 10% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2021 - 37 ) .

BATHROOM AND PLUMBING SUPERSTORE LIMITED (REGISTERED NUMBER: 05226964)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2022

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Short to and
leasehold property fittings
£    £    £   
COST
At 1 March 2021 9,486 130,646 90,722
Additions - - -
At 28 February 2022 9,486 130,646 90,722
DEPRECIATION
At 1 March 2021 6,640 122,894 75,859
Charge for year 475 1,108 2,230
At 28 February 2022 7,115 124,002 78,089
NET BOOK VALUE
At 28 February 2022 2,371 6,644 12,633
At 28 February 2021 2,846 7,752 14,863

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2021 97,850 125,378 454,082
Additions 19,701 2,728 22,429
At 28 February 2022 117,551 128,106 476,511
DEPRECIATION
At 1 March 2021 66,405 45,519 317,317
Charge for year 12,787 12,388 28,988
At 28 February 2022 79,192 57,907 346,305
NET BOOK VALUE
At 28 February 2022 38,359 70,199 130,206
At 28 February 2021 31,445 79,859 136,765

5. STOCKS
2022 2021
£    £   
Stocks 1,152,594 803,127

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 187,337 188,067
Amounts owed by group undertakings 617,661 658,697
Other debtors 14,595 23,015
819,593 869,779

BATHROOM AND PLUMBING SUPERSTORE LIMITED (REGISTERED NUMBER: 05226964)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 70,000 58,333
Trade creditors 1,338,145 1,033,090
Tax 75,457 77,976
Social security and other taxes 24,839 18,779
VAT 46,136 14,025
Other creditors 9,796 8,626
Accrued expenses 25,000 25,000
1,589,373 1,235,829

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans - 1-2 years 70,000 70,000
Bank loans - 2-5 years 157,501 221,667
227,501 291,667

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2022 2021
£    £   
Within one year 318,697 296,728
Between one and five years 1,019,594 1,098,875
In more than five years 39,083 306,800
1,377,374 1,702,403

10. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 24,485 25,675

Deferred
tax
£   
Balance at 1 March 2021 25,675
Accelerated capital allowances (1,190 )
Balance at 28 February 2022 24,485

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100

BATHROOM AND PLUMBING SUPERSTORE LIMITED (REGISTERED NUMBER: 05226964)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2022

12. RESERVES
Retained
earnings
£   

At 1 March 2021 851,726
Profit for the year 314,318
Dividends (300,000 )
At 28 February 2022 866,044

13. ULTIMATE CONTROLLING PARTY

The company is under the control of its directors.