Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3122false2023-01-01false21truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04570056 2023-01-01 2023-12-31 04570056 2022-01-01 2022-12-31 04570056 2023-12-31 04570056 2022-12-31 04570056 2022-01-01 04570056 c:Director1 2023-01-01 2023-12-31 04570056 d:PlantMachinery 2023-01-01 2023-12-31 04570056 d:PlantMachinery 2023-12-31 04570056 d:PlantMachinery 2022-12-31 04570056 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04570056 d:MotorVehicles 2023-01-01 2023-12-31 04570056 d:MotorVehicles 2023-12-31 04570056 d:MotorVehicles 2022-12-31 04570056 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04570056 d:FurnitureFittings 2023-01-01 2023-12-31 04570056 d:FurnitureFittings 2023-12-31 04570056 d:FurnitureFittings 2022-12-31 04570056 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04570056 d:OfficeEquipment 2023-01-01 2023-12-31 04570056 d:OfficeEquipment 2023-12-31 04570056 d:OfficeEquipment 2022-12-31 04570056 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04570056 d:ComputerEquipment 2023-01-01 2023-12-31 04570056 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04570056 d:CurrentFinancialInstruments 2023-12-31 04570056 d:CurrentFinancialInstruments 2022-12-31 04570056 d:Non-currentFinancialInstruments 2023-12-31 04570056 d:Non-currentFinancialInstruments 2022-12-31 04570056 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04570056 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04570056 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 04570056 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 04570056 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 04570056 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 04570056 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 04570056 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 04570056 d:ShareCapital 2023-12-31 04570056 d:ShareCapital 2022-12-31 04570056 d:RetainedEarningsAccumulatedLosses 2023-12-31 04570056 d:RetainedEarningsAccumulatedLosses 2022-12-31 04570056 c:OrdinaryShareClass1 2023-01-01 2023-12-31 04570056 c:OrdinaryShareClass1 2023-12-31 04570056 c:OrdinaryShareClass1 2022-12-31 04570056 c:FRS102 2023-01-01 2023-12-31 04570056 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04570056 c:FullAccounts 2023-01-01 2023-12-31 04570056 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04570056 d:WithinOneYear 2023-12-31 04570056 d:WithinOneYear 2022-12-31 04570056 d:BetweenOneFiveYears 2023-12-31 04570056 d:BetweenOneFiveYears 2022-12-31 04570056 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 04570056 d:HirePurchaseContracts d:WithinOneYear 2022-12-31 04570056 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 04570056 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-12-31 04570056 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 04570056 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 04570056 d:RetirementBenefitObligationsDeferredTax 2023-12-31 04570056 d:RetirementBenefitObligationsDeferredTax 2022-12-31 04570056 2 2023-01-01 2023-12-31 04570056 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 04570056









CAMBRIDGESHIRE BATHROOMS LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
CAMBRIDGESHIRE BATHROOMS LIMITED
REGISTERED NUMBER: 04570056

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
146,035
134,674

Current assets
  

Stocks
  
343,681
337,340

Debtors: amounts falling due within one year
 5 
621,187
665,108

Cash at bank and in hand
  
391,432
392,550

Current liabilities
  
1,356,300
1,394,998

Creditors: amounts falling due within one year
 6 
(831,104)
(789,868)

Net current assets
  
 
 
525,196
 
 
605,130

Total assets less current liabilities
  
671,231
739,804

Creditors: amounts falling due after more than one year
 7 
(21,667)
(36,178)

Provisions for liabilities
  

Deferred tax
 10 
(13,032)
(10,177)

Net assets
  
636,532
693,449


Capital and reserves
  

Called up share capital 
 11 
300
300

Profit and loss account
  
636,232
693,149

  
636,532
693,449


Page 1

 
CAMBRIDGESHIRE BATHROOMS LIMITED
REGISTERED NUMBER: 04570056

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






Mr J M Cardwell
Director

Date: 16 September 2024

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
CAMBRIDGESHIRE BATHROOMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Cambridgeshire Bathrooms Limited is a private Company limited by shares, incorporated in England and Wales within the United Kingdom. The address of the registered office is Unit 12B Sawston Park, London Road, Pampisford, Cambridge, CB22 3EE. This Company is part of a group.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
CAMBRIDGESHIRE BATHROOMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
CAMBRIDGESHIRE BATHROOMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Page 5

 
CAMBRIDGESHIRE BATHROOMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
6 & 25% straight line
Motor vehicles
-
25% straight line
Fixtures, fittings and computer equipment
-
25% straight line
Office equipment
-
33% straight line
Computer equipment
-
25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
CAMBRIDGESHIRE BATHROOMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 22 (2022 - 21).

Page 7

 
CAMBRIDGESHIRE BATHROOMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures, fittings and computer equipment
Office equipment
Total

£
£
£
£
£



Cost


At 1 January 2023
202,511
50,690
167,052
15,229
435,482


Additions
-
-
44,730
779
45,509


Disposals
-
-
(108,382)
(7,744)
(116,126)



At 31 December 2023

202,511
50,690
103,400
8,264
364,865



Depreciation


At 1 January 2023
109,104
13,729
163,001
14,974
300,808


Charge for the year on owned assets
8,295
12,673
12,759
421
34,148


Disposals
-
-
(108,382)
(7,744)
(116,126)



At 31 December 2023

117,399
26,402
67,378
7,651
218,830



Net book value



At 31 December 2023
85,112
24,288
36,022
613
146,035



At 31 December 2022
93,407
36,961
4,051
255
134,674

Page 8

 
CAMBRIDGESHIRE BATHROOMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
145,661
204,086

Amounts owed by group undertakings
415,984
397,936

Other debtors
25,625
19,076

Prepayments and accrued income
33,917
44,010

621,187
665,108



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
10,000

Payments received on account
427,211
444,216

Trade creditors
259,384
220,473

Corporation tax
102,158
72,809

Other taxation and social security
18,787
25,056

Obligations under finance lease and hire purchase contracts
1,704
6,682

Other creditors
4,789
2,970

Accruals
7,071
7,662

831,104
789,868



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
21,667
31,667

Net obligations under finance leases and hire purchase contracts
-
4,511

21,667
36,178


Included within creditors are secured debts amounting to £1,704 (2022 - £11,193) which are secured via the fixed assets to which they relate.

Page 9

 
CAMBRIDGESHIRE BATHROOMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000

Amounts falling due 2-5 years

Bank loans
11,667
21,667


31,667
41,667



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
1,704
6,682

Between 1-5 years
-
4,511

1,704
11,193

Page 10

 
CAMBRIDGESHIRE BATHROOMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Deferred taxation




2023
2022


£

£






At beginning of year
(10,177)
(12,177)


Charged to profit or loss
(2,855)
2,000



At end of year
(13,032)
(10,177)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(13,319)
(10,479)

Pension surplus
287
302

(13,032)
(10,177)


11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



300 (2022 - 300) Ordinary shares of £1.00 each
300
300



12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £90,082 (2022 - £91,958). Contributions totalling £2,819 (2022 - £2,970) were payable to the fund at the balance sheet date and are included in creditors

Page 11

 
CAMBRIDGESHIRE BATHROOMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

13.


Commitments under operating leases

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
74,972
68,000

Later than 1 year and not later than 5 years
159,819
204,000

234,791
272,000


14.


Transactions with directors

During the year, the Company operated loans with the director of the Company. The amount payable to the Company from the director at the year end was £1,044 (2022 - £1,044). This loan is interest free and repayable on demand. S455 tax has been provided for in full.


15.


Related party transactions

The Company has taken advantage of the exemptions in FRS 102 section 1A whereby it has not disclosed transactions with wholly owned subsidiary undertakings.


Page 12