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Registered number: 07869428
















BISHOP FLEMING BATH LIMITED


UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

































BISHOP FLEMING BATH LIMITED
REGISTERED NUMBER:07869428

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
6,308

  
-
6,308

Current assets
  

Debtors: amounts falling due within one year
 5 
1,381,615
1,227,033

Cash at bank and in hand
  
352,768
926,935

  
1,734,383
2,153,968

Creditors: amounts falling due within one year
 6 
(1,464,054)
(1,376,019)

Net current assets
  
 
 
270,329
 
 
777,949

Total assets less current liabilities
  
270,329
784,257

Provisions for liabilities
  

Other provisions
 7 
-
(109,640)

Net assets
  
270,329
674,617


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
270,229
674,517

  
270,329
674,617


Page 1


BISHOP FLEMING BATH LIMITED
REGISTERED NUMBER:07869428
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 





R G Davey
Director

Date: 25 February 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2


BISHOP FLEMING BATH LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


GENERAL INFORMATION

Bishop Fleming Bath Limited is a private limited company incorporated in England and Wales. The company's principal activity is providing accounting and auditing services.
The company’s registered number is 07869428.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The accounts are made up to the last day of the week nearest to end of the financial year.

The following principal accounting policies have been applied:

 
2.2

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

OPERATING LEASES: THE COMPANY AS LESSEE

Rentals paid under operating leases are charged to the statement of income and retained earnings on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3


BISHOP FLEMING BATH LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.ACCOUNTING POLICIES (continued)

 
2.6

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.8

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures, fittings and equipment
-
Over 4 - 10 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4


BISHOP FLEMING BATH LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.ACCOUNTING POLICIES (continued)

 
2.9

FINANCIAL INSTRUMENTS

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

 
2.10

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
The value of unbilled turnover is included within prepayments and accrued income.  At each reporting date, the value of unbilled turnover is assessed for impairment and the carrying amount is reduced to its selling price less costs to complete.  The impairment loss is recognised immediately within the Statement of Income and Retained Earning.

 
2.11

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 16 (2023: 19).

Page 5


BISHOP FLEMING BATH LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


TANGIBLE FIXED ASSETS





Fixtures and equipment

£



COST


At 1 June 2023
16,203


Disposals
(7,490)



At 31 May 2024

8,713



DEPRECIATION


At 1 June 2023
9,895


Charge for the year on owned assets
1,252


Disposals
(2,434)



At 31 May 2024

8,713



NET BOOK VALUE



At 31 May 2024
-



At 31 May 2023
6,308


5.


DEBTORS

2024
2023
£
£


Trade debtors
534,202
641,443

Amounts owed by group undertakings
502,638
362,492

Other debtors
175,863
13,088

Prepayments and accrued income
168,912
210,010

1,381,615
1,227,033


Page 6


BISHOP FLEMING BATH LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Amounts owed to group undertakings
400,000
-

Corporation tax
81,097
25,149

Other taxation and social security
-
177,824

Other creditors
939,738
1,037,035

Accruals and deferred income
43,219
136,011

1,464,054
1,376,019



7.


PROVISIONS


Dilapidation provision

£





At 1 June 2023
109,640


Released in year
(109,640)



AT 31 MAY 2024
-

A provision for dilapidations is recognised in respect of the expected cost of reinstating the premises which is occupied to the condition originating at the inception of the lease. 


8.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 (2023: 100) Ordinary shares of £1.00 each
100
100



9.


PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. Contributions totalling £Nil (2023: £7,132) were payable to the fund at the reporting date and are included in creditors.

Page 7


BISHOP FLEMING BATH LIMITED

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

10.


RELATED PARTY TRANSACTIONS

Bishop Fleming Bath Holding Company Limited is the parent company.
The following entities are related to Bishop Fleming Bath Limited by virtue of being under common
control:
    - Bishop Fleming LLP
The following transactions and balances existed with related parties:

2024
2023
£
£
Bishop Fleming LLP (LLP)
Management and staff charges from LLP

1,200,000

1,414,500
 
Purchases from LLP (Sales to) 

702,138

666,591
 
Other purchases from LLP

143,544

91,878
 
Balance at year end due (to)/from LLP

(425,816)

(679,653)
 

 
Page 8