Company Registration No. 14465091 (England and Wales)
SAFFRON BATHROOMS LTD
Unaudited accounts
for the period from 7 November 2022 to 30 November 2023
SAFFRON BATHROOMS LTD
Unaudited accounts
Contents
SAFFRON BATHROOMS LTD
Company Information
for the period from 7 November 2022 to 30 November 2023
Directors
Christopher Ingham
Morgan Opie
Company Number
14465091 (England and Wales)
Registered Office
Saffron Bathrooms
Stansted House
Shire Hill
Saffron Walden
Essex
CB11 3AQ
England
SAFFRON BATHROOMS LTD
Statement of financial position
as at 30 November 2023
Cash at bank and in hand
100
Creditors: amounts falling due within one year
(32,311)
Net current liabilities
(20,536)
Total assets less current liabilities
6,398
Provisions for liabilities
Called up share capital
100
Profit and loss account
1,181
For the period ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2024 and were signed on its behalf by
Morgan Opie
Director
Company Registration No. 14465091
SAFFRON BATHROOMS LTD
Notes to the Accounts
for the period from 7 November 2022 to 30 November 2023
SAFFRON BATHROOMS LTD is a private company, limited by shares, registered in England and Wales, registration number 14465091. The registered office is Saffron Bathrooms, Stansted House, Shire Hill, Saffron Walden, Essex, CB11 3AQ, England.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% per annum reducing balance
Fixtures & fittings
25% per annum reducing balance
Computer equipment
25% per annum reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
SAFFRON BATHROOMS LTD
Notes to the Accounts
for the period from 7 November 2022 to 30 November 2023
Investments in shares are included at fair value.
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Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 7 November 2022
-
-
-
-
Additions
16,376
2,607
15,837
34,820
At 30 November 2023
16,376
2,607
15,837
34,820
Charge for the period
3,275
652
3,959
7,886
At 30 November 2023
3,275
652
3,959
7,886
At 30 November 2023
13,101
1,955
11,878
26,934
Amounts falling due within one year
6
Investments held as current assets
2023
7
Creditors: amounts falling due within one year
2023
Bank loans and overdrafts
9,837
Taxes and social security
17,271
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
Shares issued during the period:
100 Ordinary shares of £1 each
100
SAFFRON BATHROOMS LTD
Notes to the Accounts
for the period from 7 November 2022 to 30 November 2023
Included in Other Debtors is an amount of £3,888 owed to the company by the directors. This amount is interest free and repayable on demand.
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Average number of employees
During the period the average number of employees was 2.