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REGISTERED NUMBER: 05171910 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

ELIXIR BATHROOMS LTD

ELIXIR BATHROOMS LTD (REGISTERED NUMBER: 05171910)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELIXIR BATHROOMS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: P T Gretton
Mrs S Gretton





SECRETARY: Mrs S Gretton





REGISTERED OFFICE: 29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA





REGISTERED NUMBER: 05171910 (England and Wales)





ACCOUNTANTS: Lemans
29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA

ELIXIR BATHROOMS LTD (REGISTERED NUMBER: 05171910)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 76,082 10,320
76,082 10,320

CURRENT ASSETS
Stocks 84,191 151,440
Debtors 6 521,983 44,797
Cash at bank and in hand 44,206 483,005
650,380 679,242
CREDITORS
Amounts falling due within one year 7 219,120 298,264
NET CURRENT ASSETS 431,260 380,978
TOTAL ASSETS LESS CURRENT
LIABILITIES

507,342

391,298

PROVISIONS FOR LIABILITIES 717 286
NET ASSETS 506,625 391,012

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 506,525 390,912
SHAREHOLDERS' FUNDS 506,625 391,012

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

ELIXIR BATHROOMS LTD (REGISTERED NUMBER: 05171910)

BALANCE SHEET - continued
30 JUNE 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 Board of Directors and authorised for issue on 22 January 2024 and were signed on its behalf by:





P T Gretton - Director


ELIXIR BATHROOMS LTD (REGISTERED NUMBER: 05171910)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Elixir 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.

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


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.

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.

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 fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 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.


ELIXIR BATHROOMS LTD (REGISTERED NUMBER: 05171910)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued
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.

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 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 84,656
AMORTISATION
At 1 July 2022
and 30 June 2023 84,656
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

ELIXIR BATHROOMS LTD (REGISTERED NUMBER: 05171910)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 28,255 11,175 10,839 50,269
Additions - 91,390 547 91,937
At 30 June 2023 28,255 102,565 11,386 142,206
DEPRECIATION
At 1 July 2022 22,771 7,640 9,538 39,949
Charge for year 1,372 23,982 821 26,175
At 30 June 2023 24,143 31,622 10,359 66,124
NET BOOK VALUE
At 30 June 2023 4,112 70,943 1,027 76,082
At 30 June 2022 5,484 3,535 1,301 10,320

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 19,258 200
Other debtors 15,743 9,194
Directors' current accounts 481,696 29,897
Prepayments 5,286 5,506
521,983 44,797

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 42,595 74,884
Corporation tax 44,270 32,366
Social security and other taxes 36,004 30,659
Other creditors 1,028 1,596
Accruals and deferred income 95,223 158,759
219,120 298,264

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary £1 100 100

ELIXIR BATHROOMS LTD (REGISTERED NUMBER: 05171910)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
£    £   
P T Gretton and Mrs S Gretton
Balance outstanding at start of year 29,897 29,897
Amounts advanced 451,799 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 481,696 29,897

Interest amounting to £6,549 has been charged on this loan during the year (30.06.2022 £Nil)