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Company Registration No. 10701856 (England and Wales)
The Urban Hot Tub Company Limited Unaudited accounts for the year ended 31 March 2024
The Urban Hot Tub Company Limited Unaudited accounts Contents
Page
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The Urban Hot Tub Company Limited Company Information for the year ended 31 March 2024
Director
Simon Baggaley
Company Number
10701856 (England and Wales)
Registered Office
Suite 2A Blackthorn House St Paul's Square Birmingham B3 1RL England
Accountants
Debbie Howard 12 Plantation Drive Sutton Coldfield West Midlands B75 7JQ
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The Urban Hot Tub Company Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
1,887 
14,915 
Cash at bank and in hand
1,497 
- 
3,384 
14,915 
Creditors: amounts falling due within one year
(27,684)
(28,455)
Net current liabilities
(24,300)
(13,540)
Total assets less current liabilities
(24,300)
(13,540)
Creditors: amounts falling due after more than one year
(28,656)
(33,785)
Net liabilities
(52,956)
(47,325)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(53,056)
(47,425)
Shareholders' funds
(52,956)
(47,325)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 3 December 2024 and were signed on its behalf by
Simon Baggaley Director Company Registration No. 10701856
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The Urban Hot Tub Company Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
The Urban Hot Tub Company Limited is a private company, limited by shares, registered in England and Wales, registration number 10701856. The registered office is Suite 2A Blackthorn House, St Paul's Square, Birmingham, B3 1RL, 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 remained unchanged from the previous year, and also 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.
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.
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.
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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.
The Franchise Cost has been written off in equal annual installments over its estimated economic life of 5 years.
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The Urban Hot Tub Company Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,794 
- 
Accrued income and prepayments
93 
- 
Other debtors
- 
14,915 
1,887 
14,915 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,132 
6,600 
Trade creditors
- 
1,279 
Taxes and social security
6 
- 
Loans from directors
22,546 
20,271 
Accruals
- 
305 
27,684 
28,455 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
28,656 
33,785 
Aggregate of amounts that fall due for payment after five years
- 
12,470 
Bounce Back Loan
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Simon Baggaley
Non Interest Bearing
(20,271)
- 
2,275 
(22,546)
(20,271)
- 
2,275 
(22,546)
The loan is measured at transaction price as it is a loan from a Director who is a natural person and a shareholder in the Company.
9
Average number of employees
During the year the average number of employees was 0 (2023: 3).
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