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REGISTERED NUMBER: 08256931 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Martin Daniel Bathrooms By Design
Limited

Martin Daniel Bathrooms By Design
Limited (Registered number: 08256931)






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


Martin Daniel Bathrooms By Design
Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: M D McDonagh





REGISTERED OFFICE: Lennox House
3 Pierrepont Street
Bath
Somerset
BA1 1LB





REGISTERED NUMBER: 08256931 (England and Wales)

Martin Daniel Bathrooms By Design
Limited (Registered number: 08256931)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,000
Tangible assets 5 42,595 42,828
42,595 43,828

CURRENT ASSETS
Stocks 3,178 20,725
Debtors 6 227,452 155,913
Cash at bank 297,050 317,496
527,680 494,134
CREDITORS
Amounts falling due within one year 7 387,980 365,007
NET CURRENT ASSETS 139,700 129,127
TOTAL ASSETS LESS CURRENT
LIABILITIES

182,295

172,955

CREDITORS
Amounts falling due after more than one
year

8

(20,753

)

(30,746

)

PROVISIONS FOR LIABILITIES (10,649 ) (11,225 )
NET ASSETS 150,893 130,984

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 24,460 24,460
Retained earnings 126,333 106,424
150,893 130,984

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 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.

Martin Daniel Bathrooms By Design
Limited (Registered number: 08256931)

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:





M D McDonagh - Director


Martin Daniel Bathrooms By Design
Limited (Registered number: 08256931)

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

1. STATUTORY INFORMATION

Martin Daniel Bathrooms By Design 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 as modified by the revaluation of certain assets.

Turnover
Turnover 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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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 - 25% on straight line basis
Fixtures and fittings - 20% on straight line basis
Motor vehicles - 25% on straight line basis

Displays are revalued on an annual basis by the directors of the company at retail value, excluding VAT, less 50%.

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 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.

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.

Martin Daniel Bathrooms By Design
Limited (Registered number: 08256931)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 November 2022
and 31 October 2023 40,000
AMORTISATION
At 1 November 2022 39,000
Amortisation for year 1,000
At 31 October 2023 40,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 1,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Displays Totals
£    £    £    £    £   
COST OR VALUATION
At 1 November 2022 5,099 26,314 39,700 40,960 112,073
Additions 570 - - - 570
At 31 October 2023 5,669 26,314 39,700 40,960 112,643
DEPRECIATION
At 1 November 2022 3,530 26,015 39,700 - 69,245
Charge for year 728 75 - - 803
At 31 October 2023 4,258 26,090 39,700 - 70,048
NET BOOK VALUE
At 31 October 2023 1,411 224 - 40,960 42,595
At 31 October 2022 1,569 299 - 40,960 42,828

Cost or valuation at 31 October 2023 is represented by:

Fixtures
Plant and and Motor
machinery fittings vehicles Displays Totals
£    £    £    £    £   
Cost 5,669 26,314 39,700 40,960 112,643

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 181,245 92,665
Trade debtors - deposits 38,630 55,571
Prepayments and accrued income 7,577 7,677
227,452 155,913

Martin Daniel Bathrooms By Design
Limited (Registered number: 08256931)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,994 9,747
Hire purchase contracts (see note 9) - 4,092
Payments on account 32,191 46,309
Trade creditors 148,105 166,885
Tax 17,073 14,557
Social security and other taxes 3,568 3,090
VAT 38,968 24,399
Pension creditor 482 167
Credit card 2,510 5,362
Directors' current accounts 130,639 86,399
Accruals and deferred income 4,450 4,000
387,980 365,007

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,247 9,994
Bank loans - 2-5 years 10,506 20,752
20,753 30,746

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year - 4,092

Non-cancellable operating leases
2023 2022
£    £   
Within one year 6,061 9,973
Between one and five years 2,808 2,318
8,869 12,291

10. RESERVES
Revaluation
reserve
£   
At 1 November 2022
and 31 October 2023 24,460