Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Anna Janine Redpath 10/10/2013 Mark Colin Redpath 22/03/2011 26 June 2024 The principal activity of the Company during the financial year was that of Bathroom supply and fitting. 07572769 2024-03-31 07572769 bus:Director1 2024-03-31 07572769 bus:Director2 2024-03-31 07572769 2023-03-31 07572769 core:CurrentFinancialInstruments 2024-03-31 07572769 core:CurrentFinancialInstruments 2023-03-31 07572769 core:ShareCapital 2024-03-31 07572769 core:ShareCapital 2023-03-31 07572769 core:RetainedEarningsAccumulatedLosses 2024-03-31 07572769 core:RetainedEarningsAccumulatedLosses 2023-03-31 07572769 core:PlantMachinery 2023-03-31 07572769 core:Vehicles 2023-03-31 07572769 core:FurnitureFittings 2023-03-31 07572769 core:ComputerEquipment 2023-03-31 07572769 core:PlantMachinery 2024-03-31 07572769 core:Vehicles 2024-03-31 07572769 core:FurnitureFittings 2024-03-31 07572769 core:ComputerEquipment 2024-03-31 07572769 core:FurtherRelatedPartyRelationshipType2ComponentAllOtherRelatedParties core:CurrentFinancialInstruments 2024-03-31 07572769 core:FurtherRelatedPartyRelationshipType2ComponentAllOtherRelatedParties core:CurrentFinancialInstruments 2023-03-31 07572769 core:CurrentFinancialInstruments 1 2024-03-31 07572769 core:CurrentFinancialInstruments 1 2023-03-31 07572769 core:DeferredTaxation 2023-03-31 07572769 core:DeferredTaxation 2024-03-31 07572769 core:AcceleratedTaxDepreciationDeferredTax 2024-03-31 07572769 core:AcceleratedTaxDepreciationDeferredTax 2023-03-31 07572769 2022-03-31 07572769 bus:OrdinaryShareClass1 2024-03-31 07572769 bus:OrdinaryShareClass2 2024-03-31 07572769 bus:OrdinaryShareClass3 2024-03-31 07572769 2023-04-01 2024-03-31 07572769 bus:FilletedAccounts 2023-04-01 2024-03-31 07572769 bus:SmallEntities 2023-04-01 2024-03-31 07572769 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07572769 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07572769 bus:Director1 2023-04-01 2024-03-31 07572769 bus:Director2 2023-04-01 2024-03-31 07572769 core:PlantMachinery core:TopRangeValue 2023-04-01 2024-03-31 07572769 core:Vehicles 2023-04-01 2024-03-31 07572769 core:FurnitureFittings core:TopRangeValue 2023-04-01 2024-03-31 07572769 core:ComputerEquipment core:TopRangeValue 2023-04-01 2024-03-31 07572769 2022-04-01 2023-03-31 07572769 core:PlantMachinery 2023-04-01 2024-03-31 07572769 core:FurnitureFittings 2023-04-01 2024-03-31 07572769 core:ComputerEquipment 2023-04-01 2024-03-31 07572769 core:DeferredTaxation 2023-04-01 2024-03-31 07572769 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 07572769 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 07572769 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 07572769 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 07572769 bus:OrdinaryShareClass3 2023-04-01 2024-03-31 07572769 bus:OrdinaryShareClass3 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07572769 (England and Wales)

YORK BATHROOMS LTD

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

YORK BATHROOMS LTD

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

YORK BATHROOMS LTD

COMPANY INFORMATION

For the financial year ended 31 March 2024
YORK BATHROOMS LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2024
DIRECTORS Anna Janine Redpath
Mark Colin Redpath
SECRETARY Anna Janine Redpath
REGISTERED OFFICE Camsey House
Foxoak Park Common Road
Dunnington
York
YO19 5RZ
England
United Kingdom
COMPANY NUMBER 07572769 (England and Wales)
ACCOUNTANT Morrell Middleton Auditors Ltd
Chartered Certified Accountants
Wellington House
Aviator Court
York
YO30 4UZ
YORK BATHROOMS LTD

BALANCE SHEET

As at 31 March 2024
YORK BATHROOMS LTD

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 79,821 144,475
79,821 144,475
Current assets
Stocks 4 140,031 132,037
Debtors 5 343,327 295,256
Cash at bank and in hand 6 390,429 617,495
873,787 1,044,788
Creditors: amounts falling due within one year 7 ( 509,574) ( 628,773)
Net current assets 364,213 416,015
Total assets less current liabilities 444,034 560,490
Provision for liabilities 8, 9 ( 19,955) ( 27,450)
Net assets 424,079 533,040
Capital and reserves
Called-up share capital 10 200 200
Profit and loss account 423,879 532,840
Total shareholders' funds 424,079 533,040

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of York Bathrooms Ltd (registered number: 07572769) were approved and authorised for issue by the Board of Directors on 26 June 2024. They were signed on its behalf by:

Mark Colin Redpath
Director
YORK BATHROOMS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
YORK BATHROOMS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

York Bathrooms Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Camsey House, Foxoak Park Common Road, Dunnington, York, YO19 5RZ, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 3 years straight line
Vehicles 25 % reducing balance
Fixtures and fittings 3 years straight line
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 10 11

3. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £ £
Cost
At 01 April 2023 440 144,343 129,091 12,545 286,419
Additions 0 0 11,742 0 11,742
Disposals 0 ( 17,930) 0 0 ( 17,930)
At 31 March 2024 440 126,413 140,833 12,545 280,231
Accumulated depreciation
At 01 April 2023 187 50,358 80,073 11,326 141,944
Charge for the financial year 132 20,802 44,004 682 65,620
Disposals 0 ( 7,154) 0 0 ( 7,154)
At 31 March 2024 319 64,006 124,077 12,008 200,410
Net book value
At 31 March 2024 121 62,407 16,756 537 79,821
At 31 March 2023 253 93,985 49,018 1,219 144,475

4. Stocks

2024 2023
£ £
Stocks 140,031 132,037

There are no material differences between the replacement cost of stock and the Balance Sheet amounts.

5. Debtors

2024 2023
£ £
Trade debtors 59,172 106,221
Amounts owed by connected companies 205,025 104,485
Other debtors 79,130 84,550
343,327 295,256

6. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 390,429 617,495

7. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 147,232 150,830
CIS withheld 3,756 5,513
Taxation and social security 65,601 116,664
Other creditors 292,985 355,766
509,574 628,773

8. Provision for liabilities

2024 2023
£ £
Deferred tax 19,955 27,450
Deferred taxation Total
£ £
At 01 April 2023 27,450 27,450
Credited to the Statement of Income and Retained Earnings ( 7,495) ( 7,495)
At 31 March 2024 19,955 19,955

Deferred tax

2024 2023
£ £
Accelerated capital allowances 19,955 27,450
Provision for deferred tax 19,955 27,450

9. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 27,450) ( 30,502)
Credited to the Statement of Income and Retained Earnings 7,495 3,052
At the end of financial year ( 19,955) ( 27,450)

10. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
80 Ordinary A shares of £ 1.00 each 80 80
20 Ordinary B shares of £ 1.00 each 20 20
100 Ordinary C shares of £ 1.00 each 100 100
200 200