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REGISTERED NUMBER: 04042674 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

Lydney Bathrooms Limited

Lydney Bathrooms Limited (Registered number: 04042674)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lydney Bathrooms Limited

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: R J Liddington
R Rose





REGISTERED OFFICE: 2A Trade Park
Lydney
Gloucestershire
GL155EN





REGISTERED NUMBER: 04042674 (England and Wales)





ACCOUNTANTS: Knights
21 Highnam Business Centre
Highnam
Gloucestershire
GL2 8DN

Lydney Bathrooms Limited (Registered number: 04042674)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 236,114 229,907

CURRENT ASSETS
Stocks 125,000 122,759
Debtors 5 49,385 7,177
Cash at bank and in hand 61,294 107,014
235,679 236,950
CREDITORS
Amounts falling due within one year 6 263,657 242,102
NET CURRENT LIABILITIES (27,978 ) (5,152 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

208,136

224,755

CREDITORS
Amounts falling due after more than one
year

7

(122,719

)

(138,978

)

PROVISIONS FOR LIABILITIES 8 (6,481 ) (5,302 )
NET ASSETS 78,936 80,475

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 78,836 80,375
SHAREHOLDERS' FUNDS 78,936 80,475

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

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

Lydney Bathrooms Limited (Registered number: 04042674)

BALANCE SHEET - continued
31 JULY 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 20 February 2024 and were signed on its behalf by:





R J Liddington - Director


Lydney Bathrooms Limited (Registered number: 04042674)

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

1. STATUTORY INFORMATION

Lydney 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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.

Lydney Bathrooms Limited (Registered number: 04042674)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 August 2022 202,000 27,900 4,211
Additions - - -
Disposals - - -
At 31 July 2023 202,000 27,900 4,211
DEPRECIATION
At 1 August 2022 - 29,369 3,690
Charge for year - (1,750 ) 78
Eliminated on disposal - - -
At 31 July 2023 - 27,619 3,768
NET BOOK VALUE
At 31 July 2023 202,000 281 443
At 31 July 2022 202,000 (1,469 ) 521

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2022 109,801 283 344,195
Additions 22,000 - 22,000
Disposals (10,990 ) - (10,990 )
At 31 July 2023 120,811 283 355,205
DEPRECIATION
At 1 August 2022 81,105 124 114,288
Charge for year 11,125 158 9,611
Eliminated on disposal (4,808 ) - (4,808 )
At 31 July 2023 87,422 282 119,091
NET BOOK VALUE
At 31 July 2023 33,389 1 236,114
At 31 July 2022 28,696 159 229,907

Lydney Bathrooms Limited (Registered number: 04042674)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 35,198 1,837
Other debtors 14,187 5,340
49,385 7,177

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,600 9,600
Hire purchase contracts 9,628 9,345
Trade creditors 77,027 57,214
Tax 3,480 18,160
Social security and other taxes 5,496 2,688
VAT 23,068 44,865
Other creditors 3,251 2,821
Directors' loan accounts 50,718 64,909
Accruals and deferred income 77,489 -
Accrued expenses 3,900 32,500
263,657 242,102

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 9,600 9,600
Bank loans - 2-5 years 96,285 114,568
Hire purchase contracts 16,834 14,810
122,719 138,978

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 6,481 5,302

Deferred
tax
£   
Balance at 1 August 2022 5,302
Accelerated capital allowances 1,179
Balance at 31 July 2023 6,481