3 01/03/2023 29/02/2024 2024-02-29 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-03-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 13941355 2023-03-01 2024-02-29 13941355 2024-02-29 13941355 2023-02-28 13941355 2022-03-01 2023-02-28 13941355 2023-02-28 13941355 2022-02-28 13941355 bus:Director1 2023-03-01 2024-02-29 13941355 core:ShareCapital 2022-03-01 2023-02-28 13941355 core:RetainedEarningsAccumulatedLosses 2022-03-01 2023-02-28 13941355 core:RetainedEarningsAccumulatedLosses 2023-03-01 2024-02-29 13941355 core:WithinOneYear 2024-02-29 13941355 core:WithinOneYear 2023-02-28 13941355 core:ShareCapital 2024-02-29 13941355 core:ShareCapital 2023-02-28 13941355 core:RetainedEarningsAccumulatedLosses 2024-02-29 13941355 core:RetainedEarningsAccumulatedLosses 2023-02-28 13941355 core:PreviouslyStatedAmount core:ShareCapital 2024-02-29 13941355 bus:Director1 2023-02-28 13941355 bus:Director1 2024-02-29 13941355 bus:Director1 2023-02-28 13941355 bus:Director1 2022-03-01 2023-02-28 13941355 bus:SmallEntities 2023-03-01 2024-02-29 13941355 bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13941355 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 13941355 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13941355 bus:FullAccounts 2023-03-01 2024-02-29
Company registration number: 13941355
Bathroom and Fireplace Warehouse Limited
Unaudited filleted financial statements
29 February 2024
Bathroom and Fireplace Warehouse Limited
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Bathroom and Fireplace Warehouse Limited
Statement of financial position
29 February 2024
29/02/24 28/02/23
Note £ £ £ £
Current assets
Cash at bank and in hand 47,198 34,451
_______ _______
47,198 34,451
Creditors: amounts falling due
within one year 5 ( 41,614) ( 34,021)
_______ _______
Net current assets 5,584 430
_______ _______
Total assets less current liabilities 5,584 430
_______ _______
Net assets 5,584 430
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 5,484 330
_______ _______
Shareholder funds 5,584 430
_______ _______
For the period ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 22 November 2024 , and are signed on behalf of the board by:
Ms J K Morris
Director
Company registration number: 13941355
Bathroom and Fireplace Warehouse Limited
Statement of changes in equity
Period ended 29 February 2024
Called up share capital Profit and loss account Total
£ £ £
At 25 February 2022 - - -
Profit for the period 330 330
_______ _______ _______
Total comprehensive income for the period - 330 330
Issue of shares 100 100
_______ _______ _______
Total investments by and distributions to owners 100 - 100
_______ _______ _______
At 28 February 2023 and 1 March 2023 100 330 430
Profit for the period 5,154 5,154
_______ _______ _______
Total comprehensive income for the period - 5,154 5,154
_______ _______ _______
At 29 February 2024 100 5,484 5,584
_______ _______ _______
Bathroom and Fireplace Warehouse Limited
Notes to the financial statements
Period ended 29 February 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite Ff10 Brooklands House, 58 Marlborough Road, Lancing, West Sussex, BN15 8AF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 3 (2023: 1 ).
5. Creditors: amounts falling due within one year
29/02/24 28/02/23
£ £
Trade creditors 29,341 24,891
Corporation tax 1,207 75
Social security and other taxes 673 2,540
Other creditors 10,393 6,515
_______ _______
41,614 34,021
_______ _______
6. Directors advances, credits and guarantees
During the period the director entered into the following advances and credits with the company:
Year ended 29/02/24
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Ms J K Morris ( 4,672) ( 2,117) ( 6,789)
_______ _______ _______
Period to 28/02/23
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Ms J K Morris - ( 4,672) ( 4,672)
_______ _______ _______