Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-31false2022-08-01No description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07495020 2022-08-01 2023-07-31 07495020 2021-08-01 2022-07-31 07495020 2023-07-31 07495020 2022-07-31 07495020 c:Director1 2022-08-01 2023-07-31 07495020 c:Director2 2022-08-01 2023-07-31 07495020 c:RegisteredOffice 2022-08-01 2023-07-31 07495020 d:FurnitureFittings 2022-08-01 2023-07-31 07495020 d:FurnitureFittings 2023-07-31 07495020 d:FurnitureFittings 2022-07-31 07495020 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 07495020 d:ComputerEquipment 2022-08-01 2023-07-31 07495020 d:ComputerEquipment 2023-07-31 07495020 d:ComputerEquipment 2022-07-31 07495020 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 07495020 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 07495020 d:CurrentFinancialInstruments 2023-07-31 07495020 d:CurrentFinancialInstruments 2022-07-31 07495020 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 07495020 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 07495020 d:ShareCapital 2023-07-31 07495020 d:ShareCapital 2022-07-31 07495020 d:RetainedEarningsAccumulatedLosses 2023-07-31 07495020 d:RetainedEarningsAccumulatedLosses 2022-07-31 07495020 c:FRS102 2022-08-01 2023-07-31 07495020 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 07495020 c:FullAccounts 2022-08-01 2023-07-31 07495020 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure
Company registration number: 07495020







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JULY 2023


BASINS, BATHS AND SHOWERS LTD






































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BASINS, BATHS AND SHOWERS LTD
 


 
COMPANY INFORMATION


Directors
A Tilley 
G Tilley 




Registered number
07495020



Registered office
8 -10 Portsmouth Road
Cosham

Portsmouth

Hampshire

PO6 2AE




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


BASINS, BATHS AND SHOWERS LTD
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7


 


BASINS, BATHS AND SHOWERS LTD
REGISTERED NUMBER:07495020



STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
160
236

  
160
236

Current assets
  

Stocks
  
9,811
10,793

Debtors: amounts falling due within one year
 5 
273,990
350,966

Cash at bank and in hand
  
177,697
60,275

  
461,498
422,034

Creditors: amounts falling due within one year
 6 
(190,819)
(210,634)

Net current assets
  
 
 
270,679
 
 
211,400

Total assets less current liabilities
  
270,839
211,636

Provisions for liabilities
  

Deferred tax
  
(40)
(59)

  
 
 
(40)
 
 
(59)

Net assets
  
270,799
211,577

Page 1

 


BASINS, BATHS AND SHOWERS LTD
REGISTERED NUMBER:07495020


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2023

2023
2022
£
£

Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
270,699
211,477

  
270,799
211,577


The directors consider 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 directors acknowledge their 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 income and retained earnings 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 by: 




................................................
G Tilley
................................................
A Tilley
Director
Director


Date: 14 November 2023
Date:27 November 2023

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

Page 2

 


BASINS, BATHS AND SHOWERS LTD
 


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

1.


General information

Basins, Baths and Showers Ltd is a private company, limited by shares, incorporated in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

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.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


BASINS, BATHS AND SHOWERS LTD
 


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

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
reducing balance
Computer equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

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 reporting 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.

Page 4

 


BASINS, BATHS AND SHOWERS LTD
 


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

2.Accounting policies (continued)

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 5

 


BASINS, BATHS AND SHOWERS LTD
 


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

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 August 2022
470
284
754



At 31 July 2023

470
284
754



Depreciation


At 1 August 2022
447
71
518


Charge for the year on owned assets
23
53
76



At 31 July 2023

470
124
594



Net book value



At 31 July 2023
-
160
160



At 31 July 2022
23
213
236

Page 6

 


BASINS, BATHS AND SHOWERS LTD
 


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

5.


Debtors

2023
2022
£
£


Trade debtors
74,715
163,884

Other debtors
196,193
185,949

Prepayments and accrued income
3,082
1,133

273,990
350,966



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
79,664
124,362

Corporation tax
20,997
-

Other taxation and social security
9,084
-

Other creditors
79,304
84,622

Accruals and deferred income
1,770
1,650

190,819
210,634



7.


Related party transactions

All related party transactions in the year were undertaken on an arm's length basis.


8.


Controlling party

In the directors opinion there is no single ultimate controlling party.

 
Page 7