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REGISTERED NUMBER: 03537289 (England and Wales)












Unaudited Financial Statements

For The Year Ended 31 May 2023

for

Curtis Bros. (Bathrooms) Limited

Curtis Bros. (Bathrooms) Limited (Registered number: 03537289)






Contents of the Financial Statements
For The Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Curtis Bros. (Bathrooms) Limited

Company Information
For The Year Ended 31 May 2023







DIRECTOR: G Curtis





SECRETARY: Mrs P E Curtis





REGISTERED OFFICE: 63/65 Bournemouth Road
Chandlers Ford
Eastleigh
Hampshire
SO53 3AP





REGISTERED NUMBER: 03537289 (England and Wales)





ACCOUNTANTS: Butler & Co (Bishops Waltham) Limited
Chartered Accountants
Avalon House
Waltham Business Park
Brickyard Road, Swanmore
Southampton
Hampshire
SO32 2SA

Curtis Bros. (Bathrooms) Limited (Registered number: 03537289)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 13,852 17,468
13,852 17,468

CURRENT ASSETS
Stocks 166,252 171,781
Debtors 7 46,925 83,392
Cash at bank 103,929 72,327
317,106 327,500
CREDITORS
Amounts falling due within one year 8 143,877 141,871
NET CURRENT ASSETS 173,229 185,629
TOTAL ASSETS LESS CURRENT
LIABILITIES

187,081

203,097

CREDITORS
Amounts falling due after more than one
year

9

-

(10,833

)

PROVISIONS FOR LIABILITIES (2,632 ) (3,319 )
NET ASSETS 184,449 188,945

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 183,449 187,945
SHAREHOLDERS' FUNDS 184,449 188,945

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

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

Curtis Bros. (Bathrooms) Limited (Registered number: 03537289)

Balance Sheet - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 November 2023 and were signed by:





G Curtis - Director


Curtis Bros. (Bathrooms) Limited (Registered number: 03537289)

Notes to the Financial Statements
For The Year Ended 31 May 2023

1. STATUTORY INFORMATION

Curtis Bros. (Bathrooms) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of nil years.

Website
Website costs have been capitalised in 2016 which are being amortised over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and equipment - 25% reducing balance basis
Motor vehicles - 25% reducing balance basis
Computer equipment - 25% reducing balance basis

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


Curtis Bros. (Bathrooms) Limited (Registered number: 03537289)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2023

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 9 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill Website Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 66,000 2,600 68,600
AMORTISATION
At 1 June 2022
and 31 May 2023 66,000 2,600 68,600
NET BOOK VALUE
At 31 May 2023 - - -
At 31 May 2022 - - -

Curtis Bros. (Bathrooms) Limited (Registered number: 03537289)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2023

6. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2022 7,570 24,250 18,747 50,567
Additions 1,000 - - 1,000
At 31 May 2023 8,570 24,250 18,747 51,567
DEPRECIATION
At 1 June 2022 3,736 19,047 10,316 33,099
Charge for year 1,209 1,300 2,107 4,616
At 31 May 2023 4,945 20,347 12,423 37,715
NET BOOK VALUE
At 31 May 2023 3,625 3,903 6,324 13,852
At 31 May 2022 3,834 5,203 8,431 17,468

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 23,288 41,601
The Curtis Partnership 2,175 2,175
Other debtors 7,915 7,915
Tax 426 -
VAT - 18,372
Prepayments 13,121 13,329
46,925 83,392

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts - 5,000
Payments on account 51,406 63,749
Trade creditors 47,464 63,987
Tax - 1,708
Social security and other taxes 3,228 3,281
VAT 37,665 -
Pension contributions payable 1,114 1,146
Accrued expenses 3,000 3,000
143,877 141,871

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans - 2-5 years - 10,833