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REGISTERED NUMBER: 07449746 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

SPACE KITCHENS AND BATHROOMS LIMITED

SPACE KITCHENS AND BATHROOMS LIMITED (REGISTERED NUMBER: 07449746)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SPACE KITCHENS AND BATHROOMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mr JB Geere
Mr A M Smith





REGISTERED OFFICE: Units 1-2 Shelley Farm
Shelley Lane
Ower
Romsey
Hampshire
SO51 6AS





REGISTERED NUMBER: 07449746 (England and Wales)





ACCOUNTANTS: Romsey Accountants GDT Limited
Unit 3, Shelley Farm
Shelley Lane
Ower
Romsey
Hampshire
SO51 6AS

SPACE KITCHENS AND BATHROOMS LIMITED (REGISTERED NUMBER: 07449746)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 152,760 78,208

CURRENT ASSETS
Stocks 7,941 7,250
Debtors 5 6,181 10,118
Cash at bank and in hand 94,422 184,071
108,544 201,439
CREDITORS
Amounts falling due within one year 6 172,309 170,478
NET CURRENT (LIABILITIES)/ASSETS (63,765 ) 30,961
TOTAL ASSETS LESS CURRENT
LIABILITIES

88,995

109,169

CREDITORS
Amounts falling due after more than
one year

7

(17,500

)

(27,500

)

PROVISIONS FOR LIABILITIES (26,756 ) (8,511 )
NET ASSETS 44,739 73,158

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 44,639 73,058
SHAREHOLDERS' FUNDS 44,739 73,158

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

SPACE KITCHENS AND BATHROOMS LIMITED (REGISTERED NUMBER: 07449746)

BALANCE SHEET - continued
30 NOVEMBER 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 28 August 2024 and were signed on its behalf by:




Mr JB Geere - Director



Mr A M Smith - Director


SPACE KITCHENS AND BATHROOMS LIMITED (REGISTERED NUMBER: 07449746)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Space Kitchens and 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.

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

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
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period, financial instruments are assessed for evidence of impairment and changes are recognised in the Statement of Income and Retained Earnings.

Taxation
Taxation for the year 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.


SPACE KITCHENS AND BATHROOMS LIMITED (REGISTERED NUMBER: 07449746)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 December 2022 - 5,145 138,721
Additions 80,000 - 3,441
Disposals - - -
At 30 November 2023 80,000 5,145 142,162
DEPRECIATION
At 1 December 2022 - 4,793 117,270
Charge for year - 88 6,223
Eliminated on disposal - - -
At 30 November 2023 - 4,881 123,493
NET BOOK VALUE
At 30 November 2023 80,000 264 18,669
At 30 November 2022 - 352 21,451

SPACE KITCHENS AND BATHROOMS LIMITED (REGISTERED NUMBER: 07449746)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. TANGIBLE FIXED ASSETS - continued

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 December 2022 181,378 16,333 341,577
Additions 19,470 - 102,911
Disposals (12,975 ) - (12,975 )
At 30 November 2023 187,873 16,333 431,513
DEPRECIATION
At 1 December 2022 126,274 15,032 263,369
Charge for year 17,618 325 24,254
Eliminated on disposal (8,870 ) - (8,870 )
At 30 November 2023 135,022 15,357 278,753
NET BOOK VALUE
At 30 November 2023 52,851 976 152,760
At 30 November 2022 55,104 1,301 78,208

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 6,181 10,118

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts - 1,000
Trade creditors 64,332 65,995
Taxation and social security 57,161 50,445
Other creditors 40,816 43,038
172,309 170,478

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 17,500 27,500