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REGISTERED NUMBER: 03058018 (England and Wales)















COMPLETE BATHROOMS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024






COMPLETE BATHROOMS LIMITED (REGISTERED NUMBER: 03058018)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COMPLETE BATHROOMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: P J Silver
J Silver





SECRETARY: J Silver





REGISTERED OFFICE: 60 Victoria Street
Old Cwmbran
Cwmbran
Torfaen
NP44 3JN





REGISTERED NUMBER: 03058018 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

COMPLETE BATHROOMS LIMITED (REGISTERED NUMBER: 03058018)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 114,195 115,799

CURRENT ASSETS
Stocks 60,000 60,000
Debtors 5 52,205 66,427
Cash at bank 30,037 73,771
142,242 200,198
CREDITORS
Amounts falling due within one year 6 176,157 353,416
NET CURRENT LIABILITIES (33,915 ) (153,218 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,280

(37,419

)

CREDITORS
Amounts falling due after more than one
year

7

(12,499

)

(21,666

)

PROVISIONS FOR LIABILITIES (9,400 ) -
NET ASSETS/(LIABILITIES) 58,381 (59,085 )

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 58,379 (59,087 )
SHAREHOLDERS' FUNDS 58,381 (59,085 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

COMPLETE BATHROOMS LIMITED (REGISTERED NUMBER: 03058018)

BALANCE SHEET - continued
31ST MARCH 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th December 2024 and were signed on its behalf by:





J Silver - Director


COMPLETE BATHROOMS LIMITED (REGISTERED NUMBER: 03058018)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Complete Bathrooms Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Showroom displays - not depreciated
Plant and machinery - 10% straight line
Motor vehicles - 20% straight line

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 Profit and Loss, 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.

COMPLETE BATHROOMS LIMITED (REGISTERED NUMBER: 03058018)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Showroom Plant and Motor
displays machinery vehicles Totals
£    £    £    £   
COST
At 1st April 2023
and 31st March 2024 107,562 17,185 69,535 194,282
DEPRECIATION
At 1st April 2023 - 8,948 69,535 78,483
Charge for year - 1,604 - 1,604
At 31st March 2024 - 10,552 69,535 80,087
NET BOOK VALUE
At 31st March 2024 107,562 6,633 - 114,195
At 31st March 2023 107,562 8,237 - 115,799

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,418 28,726
Other debtors 9,748 9,513
Directors' current accounts 28,039 28,188
52,205 66,427

COMPLETE BATHROOMS LIMITED (REGISTERED NUMBER: 03058018)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 52,360 77,548
Corporation Tax 9,929 9,513
VAT 61,658 46,208
Other creditors 18,870 10,061
Credit card 344 4,059
Accruals and deferred income 22,996 196,027
176,157 353,416

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 12,499 21,666

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

9. RELATED PARTY DISCLOSURES

The company had the following outstanding directors loans at the year end:
- J Silver owed the company £9,190 (2023 - owed the company £8,495)
- P J Silver owed the company £18,849 (2023 - owed the company £19,693)

During the year, the company paid rent totalling £22,000 to the director P J Silver (2023 : £22,000).