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REGISTERED NUMBER: 07803983 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Coastal Bathroom Studio Ltd

Coastal Bathroom Studio Ltd (Registered number: 07803983)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Coastal Bathroom Studio Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: P Etheridge
D T S Linney





REGISTERED OFFICE: 147 Old Milton Road
New Milton
Hampshire
BH25 6DS





REGISTERED NUMBER: 07803983 (England and Wales)





ACCOUNTANTS: LJB Chartered Certified Accountants
Tax & Business Advisors
864 Christchurch Road
Bournemouth
Dorset
BH7 6DQ

Coastal Bathroom Studio Ltd (Registered number: 07803983)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Property, plant and equipment 5 13,775 13,654
13,776 13,655

CURRENT ASSETS
Inventories 106,423 109,927
Debtors 6 208,709 262,487
Cash at bank 41,196 86,855
356,328 459,269
CREDITORS
Amounts falling due within one year 7 324,614 388,574
NET CURRENT ASSETS 31,714 70,695
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,490

84,350

CREDITORS
Amounts falling due after more than one year 8 (17,203 ) (27,428 )

PROVISIONS FOR LIABILITIES (491 ) (322 )
NET ASSETS 27,796 56,600

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 27,596 56,400
SHAREHOLDERS' FUNDS 27,796 56,600

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

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

Coastal Bathroom Studio Ltd (Registered number: 07803983)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:




P Etheridge - Director



D T S Linney - Director


Coastal Bathroom Studio Ltd (Registered number: 07803983)

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

1. STATUTORY INFORMATION

Coastal Bathroom Studio 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.

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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Plant and machinery etc - 25% on reducing balance and 25% on cost

Stocks
Inventories 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 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.

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.

Coastal Bathroom Studio Ltd (Registered number: 07803983)

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

2. ACCOUNTING POLICIES - continued

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 8 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 1
NET BOOK VALUE
At 31 October 2023 1
At 31 October 2022 1

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 1,507 43,095 44,602
Additions - 4,414 4,414
At 31 October 2023 1,507 47,509 49,016
DEPRECIATION
At 1 November 2022 - 30,948 30,948
Charge for year - 4,293 4,293
At 31 October 2023 - 35,241 35,241
NET BOOK VALUE
At 31 October 2023 1,507 12,268 13,775
At 31 October 2022 1,507 12,147 13,654

Coastal Bathroom Studio Ltd (Registered number: 07803983)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 61,078 109,984
Amounts owed by associates 126,899 131,771
Other debtors 20,732 20,732
208,709 262,487

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 10,290 9,748
Hire purchase contracts 271 3,250
Payments on account 55,650 89,728
Trade creditors 148,594 204,673
Taxation and social security 47,266 40,083
Other creditors 62,543 41,092
324,614 388,574

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 17,203 27,157
Hire purchase contracts - 271
17,203 27,428

9. RELATED PARTY DISCLOSURES

At the year end the company was owed £126,899 (2022: £131,771) from Coastal Group Holdings Ltd, a company in which Mr P Etheridge and Mr D Linney are directors and shareholders of.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party during the period under review was Mr P Etheridge.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Coastal Bathroom Studio Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Coastal Bathroom Studio Ltd for the year ended 31 October 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Coastal Bathroom Studio Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Coastal Bathroom Studio Ltd and state those matters that we have agreed to state to the Board of Directors of Coastal Bathroom Studio Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Coastal Bathroom Studio Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Coastal Bathroom Studio Ltd. You consider that Coastal Bathroom Studio Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Coastal Bathroom Studio Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






LJB Chartered Certified Accountants
Tax & Business Advisors
864 Christchurch Road
Bournemouth
Dorset
BH7 6DQ


30 July 2024