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REGISTERED NUMBER: 11598266 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 NOVEMBER 2022 TO 31 DECEMBER 2023

FOR

OLYMPUS BATHROOMS LIMITED

OLYMPUS BATHROOMS LIMITED (REGISTERED NUMBER: 11598266)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OLYMPUS BATHROOMS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 DECEMBER 2023







DIRECTORS: R L Baker
J D Baker





REGISTERED OFFICE: 8 High Street
Otford
Sevenoaks
Kent
TN14 5PQ





REGISTERED NUMBER: 11598266 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ

OLYMPUS BATHROOMS LIMITED (REGISTERED NUMBER: 11598266)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,528 37,134

CURRENT ASSETS
Debtors 5 8,891 22,037
Cash at bank 43,355 55,633
52,246 77,670
CREDITORS
Amounts falling due within one year 6 96,839 59,233
NET CURRENT (LIABILITIES)/ASSETS (44,593 ) 18,437
TOTAL ASSETS LESS CURRENT LIABILITIES (4,065 ) 55,571

CREDITORS
Amounts falling due after more than one year 7 (35,519 ) (36,819 )

PROVISIONS FOR LIABILITIES 8 (7,700 ) (7,055 )
NET (LIABILITIES)/ASSETS (47,284 ) 11,697

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 (47,286 ) 11,695
SHAREHOLDERS' FUNDS (47,284 ) 11,697

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

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

OLYMPUS BATHROOMS LIMITED (REGISTERED NUMBER: 11598266)

BALANCE SHEET - continued
31 DECEMBER 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 29 July 2024 and were signed on its behalf by:




R L Baker - Director



J D Baker - Director


OLYMPUS BATHROOMS LIMITED (REGISTERED NUMBER: 11598266)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 DECEMBER 2023

1. STATUTORY INFORMATION

Olympus 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.

In preparing the financial statements, the directors are required to make an assessment of the ability of the company to continue as a going concern. The directors have considered all available evidence for the company which covers the 12 month period from the date of signing these financial statements.

On the basis of this consideration, the directors are satisfied that the company has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion they consider that no material uncertainty exists. As a result, the directors have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements.

Turnover
Turnover represents invoices raised in respect of design, supply and installation of bathrooms net of value added tax.

Turnover is recognised at the point at which the right to consideration becomes due.

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 reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the period 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 period 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.

OLYMPUS BATHROOMS LIMITED (REGISTERED NUMBER: 11598266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 9 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 68,146
Additions 26,476
Disposals (23,050 )
At 31 December 2023 71,572
DEPRECIATION
At 1 November 2022 31,012
Charge for period 12,953
Eliminated on disposal (12,921 )
At 31 December 2023 31,044
NET BOOK VALUE
At 31 December 2023 40,528
At 31 October 2022 37,134

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.10.22
£    £   
Trade debtors 8,891 22,009
Other debtors - 28
8,891 22,037

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.10.22
£    £   
Hire purchase contracts 11,006 6,422
Taxation and social security 58,604 27,208
Other creditors 27,229 25,603
96,839 59,233

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.10.22
£    £   
Hire purchase contracts 29,352 21,032
Other creditors 6,167 15,787
35,519 36,819

OLYMPUS BATHROOMS LIMITED (REGISTERED NUMBER: 11598266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 NOVEMBER 2022 TO 31 DECEMBER 2023

8. PROVISIONS FOR LIABILITIES
31.12.23 31.10.22
£    £   
Deferred tax
Accelerated capital allowances 7,700 7,055

Deferred
tax
£   
Balance at 1 November 2022 7,055
Deferred tax 645
Balance at 31 December 2023 7,700

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.10.22
value: £    £   
2 Ordinary £1 2 2

10. RESERVES
Retained
earnings
£   

At 1 November 2022 11,695
Profit for the period 73,395
Dividends (132,376 )
At 31 December 2023 (47,286 )

11. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the directors a total of £585 (2022 - £5,730)

This loan is interest free and has no terms attached.