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REGISTERED NUMBER: 07563966 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

Sterling Bathrooms Ltd

Sterling Bathrooms Ltd (Registered number: 07563966)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sterling Bathrooms Ltd

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: R J Campbell
Ms R Campbell





REGISTERED OFFICE: Sherwood House
41 Queens Road
Farnborough
Hampshire
GU14 6JP





REGISTERED NUMBER: 07563966 (England and Wales)





ACCOUNTANTS: Jones & Co
Sherwood House
41 Queens Road
Farnborough
Hants
GU14 6JP

Sterling Bathrooms Ltd (Registered number: 07563966)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,157 15,566
5,157 15,566

CURRENT ASSETS
Stocks 3,776 4,000
Debtors 6 17,969 36,391
Cash at bank and in hand 113,171 89,054
134,916 129,445
CREDITORS
Amounts falling due within one year 7 101,391 143,832
NET CURRENT ASSETS/(LIABILITIES) 33,525 (14,387 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,682

1,179

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 38,680 1,177
SHAREHOLDERS' FUNDS 38,682 1,179

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

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 5 June 2023 and were signed on its behalf by:





R J Campbell - Director


Sterling Bathrooms Ltd (Registered number: 07563966)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Sterling Bathrooms Ltd 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 represents net invoiced sales of goods and services, excluding value added tax. Revenue is recognised on the completion and despatch of materials and completed projects.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 20% 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 period comprises current tax, 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 since the amount is considered to be material.

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 3 (2022 - 4 ) .

Sterling Bathrooms Ltd (Registered number: 07563966)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 30,000
AMORTISATION
At 1 April 2022
and 31 March 2023 30,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 26,617 1,465 28,790 8,026 64,898
Additions - - - 541 541
Disposals - - (17,000 ) - (17,000 )
At 31 March 2023 26,617 1,465 11,790 8,567 48,439
DEPRECIATION
At 1 April 2022 23,703 1,299 17,654 6,676 49,332
Charge for year 583 33 394 378 1,388
Eliminated on disposal - - (7,438 ) - (7,438 )
At 31 March 2023 24,286 1,332 10,610 7,054 43,282
NET BOOK VALUE
At 31 March 2023 2,331 133 1,180 1,513 5,157
At 31 March 2022 2,914 166 11,136 1,350 15,566

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 15,016 36,391
Other debtors 2,953 -
17,969 36,391

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 1,601 3,876
Taxation and social security 20,697 16,890
Other creditors 79,093 123,066
101,391 143,832