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REGISTERED NUMBER: 01380740 (England and Wales)



















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

THE KITCHEN, BATHROOM AND BEDROOM
SPECIALISTS ASSOCIATION LIMITED

THE KITCHEN, BATHROOM AND BEDROOM
SPECIALISTS ASSOCIATION LIMITED (REGISTERED NUMBER: 01380740)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE KITCHEN, BATHROOM AND BEDROOM
SPECIALISTS ASSOCIATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







Directors: A P J Bird
Mrs A M Bower
R Hibbert
K J Wilson
M C Butler
H D Everett
L Wedgbury





Registered office: Mansfield Innovation Centre
Oakham Business Park
Hamilton Way
Mansfield
Nottinghamshire
NG18 5BR





Registered number: 01380740 (England and Wales)





Auditors: Baverstocks Limited
Statutory Auditor
Chartered Certified Accountants
Dickens House
Guithavon Street
Witham
Essex
CM8 1BJ

THE KITCHEN, BATHROOM AND BEDROOM
SPECIALISTS ASSOCIATION LIMITED (REGISTERED NUMBER: 01380740)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 5,550 6,303

Current assets
Stocks 2,302 2,717
Debtors 5 35,859 325,836
Cash at bank 434,127 449,536
472,288 778,089
Creditors
Amounts falling due within one year 6 160,414 496,024
Net current assets 311,874 282,065
Total assets less current liabilities 317,424 288,368

Provisions for liabilities 1,055 -
Net assets 316,369 288,368

Reserves
Income and expenditure account 316,369 288,368
316,369 288,368

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 26 February 2025 and were signed on its behalf by:





R Hibbert - Director


THE KITCHEN, BATHROOM AND BEDROOM
SPECIALISTS ASSOCIATION LIMITED (REGISTERED NUMBER: 01380740)

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

1. Statutory information

The Kitchen, Bathroom and Bedroom Specialists Association Limited is a private company, limited by guarantee , 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.

Critical accounting judgements and key sources of estimation uncertainty
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

There are no estimates and assumptions that have a significant risk of causing material adjustment in the financial statements.

Income
Income is accrued in the financial statements in the period to which they relate.

Income includes membership subscription fees and AGM and event sponsorship, and these are recognised as income in the period to which they relate.

Income excludes VAT where applicable.

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 etc - 20% on reducing balance

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.


THE KITCHEN, BATHROOM AND BEDROOM
SPECIALISTS ASSOCIATION LIMITED (REGISTERED NUMBER: 01380740)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 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.

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 3 (2023 - 3 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 August 2023 19,735
Additions 564
At 31 July 2024 20,299
Depreciation
At 1 August 2023 13,432
Charge for year 1,317
At 31 July 2024 14,749
Net book value
At 31 July 2024 5,550
At 31 July 2023 6,303

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 7,948 287,499
Other debtors 27,911 38,337
35,859 325,836

THE KITCHEN, BATHROOM AND BEDROOM
SPECIALISTS ASSOCIATION LIMITED (REGISTERED NUMBER: 01380740)

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

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 16,392 23,200
Taxation and social security 14,332 64,669
Other creditors 129,690 408,155
160,414 496,024

7. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Steven Collins (Senior Statutory Auditor)
for and on behalf of Baverstocks Limited

8. FRC Ethical Standard - provisions available for small entities

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

9. Limited by guarantee

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.