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REGISTERED NUMBER: 14388146 (England and Wales)












Unaudited Financial Statements for the Year Ended 30 June 2024

for

Brads Bathrooms Ltd

Brads Bathrooms Ltd (Registered number: 14388146)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Brads Bathrooms Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: B Gibbons
Mrs C D Gibbons





REGISTERED OFFICE: South Building
Upper Farm
Wootton St Lawrence
Basingstoke
Hampshire
RG23 8PE





REGISTERED NUMBER: 14388146 (England and Wales)





ACCOUNTANTS: Weller Mackrill
Chartered Certified Accountants
South Building
Upper Farm
Wootton St Lawrence
Basingstoke
Hampshire
RG23 8PE

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Brads Bathrooms Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Brads Bathrooms Ltd for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Brads Bathrooms Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Brads Bathrooms Ltd and state those matters that we have agreed to state to the Board of Directors of Brads Bathrooms Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Brads Bathrooms Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Brads Bathrooms Ltd. You consider that Brads Bathrooms Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Brads Bathrooms Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Weller Mackrill
Chartered Certified Accountants
South Building
Upper Farm
Wootton St Lawrence
Basingstoke
Hampshire
RG23 8PE


29 November 2024

Brads Bathrooms Ltd (Registered number: 14388146)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 1,916 -
Tangible assets 5 26,921 5,004
28,837 5,004

CURRENT ASSETS
Stocks 1,600 1,500
Debtors 6 3,514 -
Cash at bank 310 12,004
5,424 13,504
CREDITORS
Amounts falling due within one year 7 (39,551 ) (16,086 )
NET CURRENT LIABILITIES (34,127 ) (2,582 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,290

)

2,422

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings (5,400 ) 2,312
(5,290 ) 2,422

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

Brads Bathrooms Ltd (Registered number: 14388146)

Balance Sheet - continued
30 June 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





B Gibbons - Director


Brads Bathrooms Ltd (Registered number: 14388146)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Brads Bathrooms Ltd 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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
Computer equipment - 33% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Going concern
The accounts have been prepared on a going concern basis, despite the fact that current liabilities exceed current assets. The directors have given an undertaking to support the company until it returns to a net current assets position. They consider that it is appropriate to prepare the accounts on the going concern basis.

Brads Bathrooms Ltd (Registered number: 14388146)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 2,129
At 30 June 2024 2,129
AMORTISATION
Charge for year 213
At 30 June 2024 213
NET BOOK VALUE
At 30 June 2024 1,916

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 July 2023 6,000 756 6,756
Additions 35,558 - 35,558
Disposals (6,000 ) - (6,000 )
At 30 June 2024 35,558 756 36,314
DEPRECIATION
At 1 July 2023 1,500 252 1,752
Charge for year 8,889 252 9,141
Eliminated on disposal (1,500 ) - (1,500 )
At 30 June 2024 8,889 504 9,393
NET BOOK VALUE
At 30 June 2024 26,669 252 26,921
At 30 June 2023 4,500 504 5,004

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,520 -
Other debtors 1,994 -
3,514 -

Brads Bathrooms Ltd (Registered number: 14388146)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security - 1,994
Other creditors 39,551 14,092
39,551 16,086