IRIS Accounts Production v23.3.0.418 08966660 director 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure089666602022-03-31089666602023-03-31089666602022-04-012023-03-31089666602021-03-31089666602021-04-012022-03-31089666602022-03-3108966660ns16:EnglandWales2022-04-012023-03-3108966660ns15:PoundSterling2022-04-012023-03-3108966660ns11:Director12022-04-012023-03-3108966660ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3108966660ns11:SmallEntities2022-04-012023-03-3108966660ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3108966660ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3108966660ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3108966660ns11:FullAccounts2022-04-012023-03-3108966660ns11:RegisteredOffice2022-04-012023-03-3108966660ns6:CurrentFinancialInstruments2023-03-3108966660ns6:CurrentFinancialInstruments2022-03-3108966660ns6:Non-currentFinancialInstruments2023-03-3108966660ns6:Non-currentFinancialInstruments2022-03-3108966660ns6:ShareCapital2023-03-3108966660ns6:ShareCapital2022-03-3108966660ns6:RetainedEarningsAccumulatedLosses2023-03-3108966660ns6:RetainedEarningsAccumulatedLosses2022-03-3108966660ns6:PlantMachinery2022-04-012023-03-3108966660ns6:MotorVehicles2022-04-012023-03-3108966660ns6:PlantMachinery2022-03-3108966660ns6:MotorVehicles2022-03-3108966660ns6:PlantMachinery2023-03-3108966660ns6:MotorVehicles2023-03-3108966660ns6:PlantMachinery2022-03-3108966660ns6:MotorVehicles2022-03-3108966660ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2022-03-3108966660ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2022-04-012023-03-3108966660ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2023-03-3108966660ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2022-03-3108966660ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3108966660ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3108966660ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2023-03-3108966660ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2022-03-3108966660ns11:Director112022-03-3108966660ns11:Director112021-03-3108966660ns11:Director112022-04-012023-03-3108966660ns11:Director112021-04-012022-03-3108966660ns11:Director112023-03-3108966660ns11:Director112022-03-31
REGISTERED NUMBER: 08966660 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Bathrooms Inspired Ltd

Bathrooms Inspired Ltd (Registered number: 08966660)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bathrooms Inspired Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: D Fidgeon





REGISTERED OFFICE: 130 Bournemouth Road
Chandlers Ford
Eastleigh
Hampshire
SO53 3AL





REGISTERED NUMBER: 08966660 (England and Wales)





ACCOUNTANTS: CBM Accountants Limited
130 Bournemouth Road
Chandler's Ford
Eastleigh
Hampshire
SO53 3AL

Bathrooms Inspired Ltd (Registered number: 08966660)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,358 10,994

CURRENT ASSETS
Stocks 750 750
Debtors 5 25,560 9,820
Cash in hand 1,714 990
28,024 11,560
CREDITORS
Amounts falling due within one year 6 19,908 14,224
NET CURRENT ASSETS/(LIABILITIES) 8,116 (2,664 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,474

8,330

CREDITORS
Amounts falling due after more than one
year

7

14,301

19,771
NET ASSETS/(LIABILITIES) 173 (11,441 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 73 (11,541 )
SHAREHOLDERS' FUNDS 173 (11,441 )

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 director acknowledges his 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.

Bathrooms Inspired Ltd (Registered number: 08966660)

Balance Sheet - continued
31 March 2023


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 director and authorised for issue on 30 September 2023 and were signed by:





D Fidgeon - Director


Bathrooms Inspired Ltd (Registered number: 08966660)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Bathrooms Inspired 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on cost
Motor vehicles - 25% on cost

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Bathrooms Inspired Ltd (Registered number: 08966660)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 10,250 23,179 33,429
DEPRECIATION
At 1 April 2022 10,250 12,185 22,435
Charge for year - 4,636 4,636
At 31 March 2023 10,250 16,821 27,071
NET BOOK VALUE
At 31 March 2023 - 6,358 6,358
At 31 March 2022 - 10,994 10,994

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022
and 31 March 2023 23,179
DEPRECIATION
At 1 April 2022 12,185
Charge for year 4,636
At 31 March 2023 16,821
NET BOOK VALUE
At 31 March 2023 6,358
At 31 March 2022 10,994

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,852 5,756
Amounts owed by participating interests 1,027 -
Directors' current accounts 13,128 2,199
Tax 5,553 1,865
25,560 9,820

Bathrooms Inspired Ltd (Registered number: 08966660)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,785 6,873
Hire purchase contracts 3,226 3,226
Trade creditors 2,301 1,558
Tax 4,537 715
Social security and other taxes (664 ) (664 )
VAT 1,904 1,697
Accruals and deferred income 819 819
19,908 14,224

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 5,598 7,890
Hire purchase contracts 8,703 11,881
14,301 19,771

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
D Fidgeon
Balance outstanding at start of year 2,199 -
Amounts advanced 10,929 2,199
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,128 2,199