W4 Bathrooms & Heating Supplies Ltd 05307087 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Sales of Domestic and Commercial Sales of Bathroom and Heating Supplies. Digita Accounts Production Advanced 6.30.9574.0 true true 05307087 2023-04-01 2024-03-31 05307087 2024-03-31 05307087 bus:OrdinaryShareClass1 2024-03-31 05307087 bus:OrdinaryShareClass2 2024-03-31 05307087 core:CurrentFinancialInstruments 2024-03-31 05307087 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 05307087 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 05307087 core:MotorVehicles 2024-03-31 05307087 bus:SmallEntities 2023-04-01 2024-03-31 05307087 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05307087 bus:AbridgedAccounts 2023-04-01 2024-03-31 05307087 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05307087 bus:RegisteredOffice 2023-04-01 2024-03-31 05307087 bus:Director1 2023-04-01 2024-03-31 05307087 bus:Director2 2023-04-01 2024-03-31 05307087 bus:Director3 2023-04-01 2024-03-31 05307087 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 05307087 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 05307087 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05307087 core:Goodwill 2023-04-01 2024-03-31 05307087 countries:AllCountries 2023-04-01 2024-03-31 05307087 2023-03-31 05307087 core:MotorVehicles 2023-03-31 05307087 2022-04-01 2023-03-31 05307087 2023-03-31 05307087 bus:OrdinaryShareClass1 2023-03-31 05307087 bus:OrdinaryShareClass2 2023-03-31 05307087 core:CurrentFinancialInstruments 2023-03-31 05307087 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 05307087 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05307087

W4 Bathrooms & Heating Supplies Ltd

trading as W4 Bathroom & Heating Supplies Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 March 2024

 

W4 Bathrooms & Heating Supplies Ltd

trading as W4 Bathroom & Heating Supplies Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 9

 

W4 Bathrooms & Heating Supplies Ltd

trading as W4 Bathroom & Heating Supplies Ltd

Company Information

Directors

Jon Wilks

Gillian Wilks

Leon Wilks

Registered office

14 Brook Dene
Winslow
Buckingham
MK18 3FU

Accountants

MK4 Accountants
14 Brook Dene
Winslow
Buckingham
MK18 3FU

 

W4 Bathrooms & Heating Supplies Ltd

trading as W4 Bathroom & Heating Supplies Ltd

(Registration number: 05307087)
Abridged Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Stocks

6

35,000

65,000

Debtors

7

166,489

137,395

Cash at bank and in hand

 

391,944

340,965

 

593,433

543,360

Prepayments and accrued income

 

2,390

2,390

Creditors: Amounts falling due within one year

(233,951)

(266,319)

Total assets less current liabilities

 

361,872

279,431

Creditors: Amounts falling due after more than one year

(29,031)

(40,291)

Accruals and deferred income

 

(3,998)

(3,998)

Net assets

 

328,843

235,142

Capital and reserves

 

Called up share capital

8

120

120

Retained earnings

328,723

235,022

Shareholders' funds

 

328,843

235,142

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 23 December 2024 and signed on its behalf by:
 

 

W4 Bathrooms & Heating Supplies Ltd

trading as W4 Bathroom & Heating Supplies Ltd

(Registration number: 05307087)
Abridged Balance Sheet as at 31 March 2024

.........................................
Jon Wilks
Director

.........................................
Leon Wilks
Director

 

W4 Bathrooms & Heating Supplies Ltd

trading as W4 Bathroom & Heating Supplies Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
14 Brook Dene
Winslow
Buckingham
MK18 3FU
England

The principal place of business is:
2 Devonshire Road
Chiswick
London
W4 2HD
United Kingdom

These financial statements were authorised for issue by the Board on 23 December 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

 

W4 Bathrooms & Heating Supplies Ltd

trading as W4 Bathroom & Heating Supplies Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

6 Years Straight Line

 

W4 Bathrooms & Heating Supplies Ltd

trading as W4 Bathroom & Heating Supplies Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

W4 Bathrooms & Heating Supplies Ltd

trading as W4 Bathroom & Heating Supplies Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

W4 Bathrooms & Heating Supplies Ltd

trading as W4 Bathroom & Heating Supplies Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

4

Intangible assets

Total
£

Cost or valuation

At 1 April 2023

100,000

At 31 March 2024

100,000

Amortisation

At 1 April 2023

100,000

At 31 March 2024

100,000

Carrying amount

At 31 March 2024

-

5

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

16,750

16,750

At 31 March 2024

16,750

16,750

Depreciation

At 1 April 2023

16,750

16,750

At 31 March 2024

16,750

16,750

Carrying amount

At 31 March 2024

-

-

6

Stocks

2024
£

2023
£

Other inventories

35,000

65,000

 

W4 Bathrooms & Heating Supplies Ltd

trading as W4 Bathroom & Heating Supplies Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

7

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

Ordinary A of £1 each

20

20

20

20

 

120

120

120

120