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REGISTERED NUMBER: 07226476 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Simply Bathrooms (UK) Limited

Simply Bathrooms (UK) Limited (Registered number: 07226476)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Simply Bathrooms (UK) Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: Mr I Spencer





REGISTERED OFFICE: 61 Booker Avenue
LIVERPOOL
Merseyside
L18 4QZ





REGISTERED NUMBER: 07226476 (England and Wales)





ACCOUNTANTS: GR Taylor & Co Accountants
54-56 Ormskirk Street
ST HELENS
Merseyside
WA10 2TF

Simply Bathrooms (UK) Limited (Registered number: 07226476)

Abridged Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,096 20,096
Tangible assets 5 71,239 37,251
91,335 57,347

CURRENT ASSETS
Stock and Work in Progress 16,926 7,805
Debtors 27,327 61,413
Cash at bank 302,987 207,871
347,240 277,089
CREDITORS
Amounts falling due within one year 119,423 125,974
NET CURRENT ASSETS 227,817 151,115
TOTAL ASSETS LESS CURRENT
LIABILITIES

319,152

208,462

CREDITORS
Amounts falling due after more than one
year

6

12,253

29,352
NET ASSETS 306,899 179,110

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 306,897 179,108
SHAREHOLDERS' FUNDS 306,899 179,110

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.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

Simply Bathrooms (UK) Limited (Registered number: 07226476)

Abridged Balance Sheet - continued
31 May 2023



The financial statements were approved by the director and authorised for issue on 1 February 2024 and were signed by:





Mr I Spencer - Director


Simply Bathrooms (UK) Limited (Registered number: 07226476)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Simply Bathrooms (UK) 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.

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 0, is being amortised evenly over its estimated useful life of nil 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 - 25% on reducing balance

Stocks
Stock and work in progress 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 stock and work in progress to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Simply Bathrooms (UK) Limited (Registered number: 07226476)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022
and 31 May 2023 20,096
NET BOOK VALUE

At 31 May 2023 20,096
At 31 May 2022 20,096

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022 92,227
Additions 59,079
Disposals (7,550 )
At 31 May 2023 143,756
DEPRECIATION
At 1 June 2022 54,976
Charge for year 23,747
Eliminated on disposal (6,206 )
At 31 May 2023 72,517
NET BOOK VALUE
At 31 May 2023 71,239
At 31 May 2022 37,251

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.5.23 31.5.22
£    £   
Repayable by instalments
Other loans more 5yrs instal 12,253 29,352