Caseware UK (AP4) 2022.0.179 2022.0.179 2022-11-282022-11-281true2021-11-29falseOther specialised construction activities not elsewhere classified1falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08790738 2021-11-29 2022-11-28 08790738 2020-11-29 2021-11-28 08790738 2022-11-28 08790738 2021-11-28 08790738 c:Director1 2021-11-29 2022-11-28 08790738 d:CurrentFinancialInstruments 2022-11-28 08790738 d:CurrentFinancialInstruments 2021-11-28 08790738 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-28 08790738 d:CurrentFinancialInstruments d:WithinOneYear 2021-11-28 08790738 d:ShareCapital 2022-11-28 08790738 d:ShareCapital 2021-11-28 08790738 d:RetainedEarningsAccumulatedLosses 2022-11-28 08790738 d:RetainedEarningsAccumulatedLosses 2021-11-28 08790738 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-11-28 08790738 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2021-11-28 08790738 c:FRS102 2021-11-29 2022-11-28 08790738 c:AuditExempt-NoAccountantsReport 2021-11-29 2022-11-28 08790738 c:FullAccounts 2021-11-29 2022-11-28 08790738 c:PrivateLimitedCompanyLtd 2021-11-29 2022-11-28 iso4217:GBP xbrli:pure

Registered number: 08790738









DELUX BATHROOMS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 NOVEMBER 2022

 
DELUX BATHROOMS LTD
REGISTERED NUMBER: 08790738

BALANCE SHEET
AS AT 28 NOVEMBER 2022

2022
2021
Note
£
£

  

Current assets
  

Stocks
  
123,984
73,975

Debtors: amounts falling due within one year
 4 
36,011
74,698

Cash at bank and in hand
 5 
106,399
174,574

  
266,394
323,247

Creditors: amounts falling due within one year
 6 
(68,924)
(105,891)

Net current assets
  
 
 
197,470
 
 
217,356

Total assets less current liabilities
  
197,470
217,356

  

Net assets
  
197,470
217,356


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
197,370
217,256

  
197,470
217,356


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 August 2023.




Hanfeng Ma
Director
Page 1

 
DELUX BATHROOMS LTD
REGISTERED NUMBER: 08790738
    
BALANCE SHEET (CONTINUED)
AS AT 28 NOVEMBER 2022


The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
DELUX BATHROOMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 NOVEMBER 2022

1.


General information

Delux Bathrooms Limited is a company limited by shares incorporated in England within the United Kingdom, having a registration number of 08790738. The address of the registered office is 77 Francis Road, Edgbaston, Birmingham, England, B16 8SP. The principal activity of the company in the year under review was that of other specialised construction activities not elsewhere classified.
The financial statements are presented in sterling which is functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements has been prepared on a going concern basis which assumes that the company will continue to receive support from creditors and the director as and when required.

Page 3

 
DELUX BATHROOMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 NOVEMBER 2022

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
DELUX BATHROOMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 NOVEMBER 2022

2.Accounting policies (continued)

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Investments in non-derivative instruments that are equity to the issuer are measured:
at fair value with changes recognised in the Statement of Comprehensive Income if the shares are publicly traded or their fair value can otherwise be measured reliably;
at cost less impairment for all other investments.

Page 5

 
DELUX BATHROOMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 NOVEMBER 2022

2.Accounting policies (continued)


2.9
Financial instruments (continued)

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or income as appropriate. The company does not currently apply hedge accounting for interest rate and foreign exchange derivatives.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 1).


4.


Debtors

2022
2021
£
£


Trade debtors
36,011
74,698

36,011
74,698


Page 6

 
DELUX BATHROOMS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 NOVEMBER 2022

5.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
106,399
174,574

106,399
174,574



6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
57,952
91,385

Other taxation and social security
4,752
9,284

Other creditors
1,072
1,663

Accruals and deferred income
5,148
3,559

68,924
105,891



7.


Financial instruments

2022
2021
£
£

Financial assets


Financial assets measured at fair value through profit or loss
106,399
174,574




8.


Controlling party

During the year the company was under the control of its director Hanfeng Ma.

 
Page 7