Registered number: 12306176 | ||||||||
FOR THE YEAR ENDED 31/12/2023 | ||||||||
Prepared By: | ||||||||
GT Accountants Limited | ||||||||
Unit 7, The Court House | ||||||||
72 Moorland Road, Burslem | ||||||||
Stoke on Trent | ||||||||
Staffs | ||||||||
ST6 1DY |
NG Bathrooms Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/12/2023 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 12306176 | ||||||||
BANKERS | ||||||||
Barclays | ||||||||
ACCOUNTANTS | ||||||||
GT Accountants Limited | ||||||||
Unit 7, The Court House | ||||||||
72 Moorland Road, Burslem | ||||||||
Stoke on Trent | ||||||||
Staffs | ||||||||
ST6 1DY |
NG Bathrooms Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/12/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 |
NG Bathrooms Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 3 | |||||||||
Tangible assets | 4 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 6 | |||||||||
Cash at bank and in hand | ||||||||||
96,609 | 92,619 | |||||||||
CREDITORS: Amounts falling due within one year | 7 | |||||||||
NET CURRENT (LIABILITIES) / ASSETS | ( | 22,369 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 8 | 98,297 | 69,956 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 10 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 11 | |||||||||
Profit and loss account | 37,953 | 2,829 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
Director | ||||||||||
NG Bathrooms Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/12/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Short Leasehold Properties | reducing balance 15% | |||||||
Commercial Vehicles | straight line 15% | |||||||
Equipment | straight line 15% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1d. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
2. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 3 | |||||
NG Bathrooms Limited | ||||||||
3. INTANGIBLE FIXED ASSETS | ||||
Patents | Total | |||
£ | £ | |||
Cost | ||||
At 01/01/2023 | 520 | 520 | ||
At 31/12/2023 | 520 | 520 | ||
Depreciation | ||||
At 31/12/2023 | - | - | ||
Net Book Amounts | ||||
At 31/12/2023 | ||||
At 31/12/2022 | ||||
4. TANGIBLE FIXED ASSETS | ||||||||
Short Leasehold | Commercial | |||||||
Properties | Vehicles | Equipment | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 01/01/2023 | - | 47,249 | 13,479 | 60,728 | ||||
Additions | 67,180 | 88,840 | 33,310 | 189,330 | ||||
Disposals | - | (41,508) | - | (41,508) | ||||
At 31/12/2023 | 67,180 | 94,581 | 46,789 | 208,550 | ||||
Depreciation | ||||||||
At 01/01/2023 | - | 8,112 | 2,620 | 10,732 | ||||
Disposals | - | (6,226) | - | (6,226) | ||||
For the year | 4,191 | 10,625 | 2,319 | 17,135 | ||||
At 31/12/2023 | 4,191 | 12,511 | 4,939 | 21,641 | ||||
Net Book Amounts | ||||||||
At 31/12/2023 | 62,989 | 186,909 | ||||||
At 31/12/2022 | - | 49,996 | ||||||
5. STOCK | 2023 | 2022 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
Work in progress | ||||||
NG Bathrooms Limited | ||||||||
6. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 14,127 | 43,606 | ||||||
PAYE control | - | 3,444 | ||||||
Other debtors | 4,625 | 4,625 | ||||||
Prepayments | 677 | 331 | ||||||
19,429 | 52,006 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | - | 3,312 | ||||||
VAT | 11,140 | 11,064 | ||||||
PAYE control | 2,178 | - | ||||||
Directors current account | 325 | 778 | ||||||
Bank Loan | 8,133 | 8,133 | ||||||
Credit card | 67,705 | 36,994 | ||||||
Hire purchase | 8,689 | 2,181 | ||||||
Trade creditors | 22,538 | 1,799 | ||||||
Pension schemes | 830 | - | ||||||
Accruals | 1,817 | 1,267 | ||||||
Deferred income | - | 4,722 | ||||||
123,355 | 70,250 | |||||||
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loans (unsecured) >1yr | 18,056 | 21,389 | ||||||
Bank loans (secured) >1yr | 14,000 | 18,800 | ||||||
Hire purchase >1yr | 66,241 | 29,767 | ||||||
98,297 | 69,956 | |||||||
NG Bathrooms Limited | ||||||||
9. SECURED CREDITORS | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Amount of bank loans and overdrafts which are secured | 18,800 | 23,600 | ||||||
Amount of other creditors which are secured | 74,930 | 31,949 | ||||||
10. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 24,333 | - | ||||||
24,333 | - | |||||||
11. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
12. OTHER FINANCIAL COMMITMENTS | ||||||||
At 31/12/2023 the company was committed to making the following payments under non-cancellable operating leases: | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Operating Leases which expire: | ||||||||
Within one year | - | 1,646 | ||||||
Within two to five years | 5,502 | 29,375 | ||||||
After 5 years | 76,500 | - | ||||||