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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
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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
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SAFFRON BATHROOMS LTD Statement of financial position as at 30 November 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
26,934 
Current assets
Inventories
4,599 
Debtors
6,263 
Investments
813 
Cash at bank and in hand
100 
11,775 
Creditors: amounts falling due within one year
(32,311)
Net current liabilities
(20,536)
Total assets less current liabilities
6,398 
Provisions for liabilities
Deferred tax
(5,117)
Net assets
1,281 
Capital and reserves
Called up share capital
100 
Profit and loss account
1,181 
Shareholders' funds
1,281 
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
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SAFFRON BATHROOMS LTD Notes to the Accounts for the period from 7 November 2022 to 30 November 2023
1
Statutory information
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.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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 taxation
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
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.
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SAFFRON BATHROOMS LTD Notes to the Accounts for the period from 7 November 2022 to 30 November 2023
Investments
Investments in shares are included at fair value.
4
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 
Depreciation
Charge for the period
3,275 
652 
3,959 
7,886 
At 30 November 2023
3,275 
652 
3,959 
7,886 
Net book value
At 30 November 2023
13,101 
1,955 
11,878 
26,934 
5
Debtors
2023 
£ 
Amounts falling due within one year
Trade debtors
2,375 
Other debtors
3,888 
6,263 
6
Investments held as current assets
2023 
£ 
Listed investments
813 
7
Creditors: amounts falling due within one year
2023 
£ 
Bank loans and overdrafts
9,837 
Taxes and social security
17,271 
Other creditors
4,553 
Accruals
650 
32,311 
8
Share capital
2023 
£ 
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 
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SAFFRON BATHROOMS LTD Notes to the Accounts for the period from 7 November 2022 to 30 November 2023
9
Loans to directors
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.
10
Average number of employees
During the period the average number of employees was 2.
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