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REGISTERED NUMBER: 05171910 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

ELIXIR BATHROOMS LTD

ELIXIR BATHROOMS LTD (REGISTERED NUMBER: 05171910)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELIXIR BATHROOMS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: P T Gretton
Mrs S Gretton





SECRETARY: Mrs S Gretton





REGISTERED OFFICE: 29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA





REGISTERED NUMBER: 05171910 (England and Wales)





ACCOUNTANTS: Lemans
29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA

ELIXIR BATHROOMS LTD (REGISTERED NUMBER: 05171910)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 103,394 76,082
103,394 76,082

CURRENT ASSETS
Stocks 43,147 84,191
Debtors 6 58,306 521,983
Cash at bank and in hand 373,635 44,206
475,088 650,380
CREDITORS
Amounts falling due within one year 7 106,421 219,120
NET CURRENT ASSETS 368,667 431,260
TOTAL ASSETS LESS CURRENT
LIABILITIES

472,061

507,342

PROVISIONS FOR LIABILITIES - 717
NET ASSETS 472,061 506,625

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 471,961 506,525
SHAREHOLDERS' FUNDS 472,061 506,625

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.

ELIXIR BATHROOMS LTD (REGISTERED NUMBER: 05171910)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2025 and were signed on its behalf by:





P T Gretton - Director


ELIXIR BATHROOMS LTD (REGISTERED NUMBER: 05171910)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Elixir 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 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 Statement of Income and Retained Earnings, 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.


ELIXIR BATHROOMS LTD (REGISTERED NUMBER: 05171910)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 84,656
AMORTISATION
At 1 July 2023
and 30 June 2024 84,656
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

ELIXIR BATHROOMS LTD (REGISTERED NUMBER: 05171910)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 28,255 102,565 11,386 142,206
Additions - 61,748 585 62,333
At 30 June 2024 28,255 164,313 11,971 204,539
DEPRECIATION
At 1 July 2023 24,143 31,622 10,359 66,124
Charge for year 1,028 33,173 820 35,021
At 30 June 2024 25,171 64,795 11,179 101,145
NET BOOK VALUE
At 30 June 2024 3,084 99,518 792 103,394
At 30 June 2023 4,112 70,943 1,027 76,082

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors - 19,258
Other debtors 21,096 15,743
Directors' current accounts 31,696 481,696
Prepayments 5,514 5,286
58,306 521,983

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 23,843 42,595
Corporation tax 16,429 44,270
Social security and other taxes 31,255 36,004
Other creditors 16,782 1,028
Accruals and deferred income 18,112 95,223
106,421 219,120

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100

ELIXIR BATHROOMS LTD (REGISTERED NUMBER: 05171910)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
P T Gretton and Mrs S Gretton
Balance outstanding at start of year 481,696 29,897
Amounts advanced - 451,799
Amounts repaid (450,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 31,696 481,696

Interest amounting to £4,231 has been charged on this loan during the year (30.06.2023 £6,549)