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REGISTERED NUMBER: 05028795 (England and Wales)

















Bathroom Inspirations Limited

Financial Statements

for the Year Ended 30 June 2024






Bathroom Inspirations Limited (Registered number: 05028795)

Contents of the Financial Statements
for the year ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bathroom Inspirations Limited

Company Information
for the year ended 30 June 2024







DIRECTORS: P B Ackerman
P M Ackerman
Miss D E Ackerman



SECRETARY: P B Ackerman



REGISTERED OFFICE: 24 Cornwall Road
Dorchester
Dorset
DT1 1RX



REGISTERED NUMBER: 05028795 (England and Wales)



ACCOUNTANTS: Read Woodruff
Chartered Accountants
24 Cornwall Road
Dorchester
Dorset
DT1 1RX



BANKERS: Lloyds Bank plc
1 High West Street
Dorchester
Dorset
DT1 1UG

Bathroom Inspirations Limited (Registered number: 05028795)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 527,422 479,069

CURRENT ASSETS
Stocks 104,654 98,045
Debtors 5 202,631 347,349
Cash at bank and in hand 277,464 288,748
584,749 734,142
CREDITORS
Amounts falling due within one year 6 465,495 567,813
NET CURRENT ASSETS 119,254 166,329
TOTAL ASSETS LESS CURRENT
LIABILITIES

646,676

645,398

CREDITORS
Amounts falling due after more than one
year

7

(170,773

)

(158,174

)

PROVISIONS FOR LIABILITIES (38,753 ) (26,664 )
NET ASSETS 437,150 460,560

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Capital redemption reserve 53 53
Retained earnings 436,097 459,507
SHAREHOLDERS' FUNDS 437,150 460,560

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.

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 14 March 2025 and were signed on its behalf by:




P B Ackerman - Director



P M Ackerman - Director


Bathroom Inspirations Limited (Registered number: 05028795)

Notes to the Financial Statements
for the year ended 30 June 2024


1. STATUTORY INFORMATION

Bathroom Inspirations 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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Fixtures, fittings, equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

The directors consider that freehold properties are maintained in such a state of repair that their residual value is at least equal to their net book value. As a result, the corresponding depreciation charge for the year is nil. The directors perform annual impairment reviews to ensure that the recoverable amount is not lower than the carrying value.

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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Bathroom Inspirations Limited (Registered number: 05028795)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
Freehold fittings, Motor
property equipment vehicles Totals
£    £    £    £   
COST
At 1 July 2023 372,412 43,885 111,130 527,427
Additions - 404 79,939 80,343
At 30 June 2024 372,412 44,289 191,069 607,770
DEPRECIATION
At 1 July 2023 - 29,914 18,444 48,358
Charge for year - 2,157 29,833 31,990
At 30 June 2024 - 32,071 48,277 80,348
NET BOOK VALUE
At 30 June 2024 372,412 12,218 142,792 527,422
At 30 June 2023 372,412 13,971 92,686 479,069

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2023 104,185
Additions 79,939
At 30 June 2024 184,124
DEPRECIATION
At 1 July 2023 13,147
Charge for year 29,421
At 30 June 2024 42,568
NET BOOK VALUE
At 30 June 2024 141,556
At 30 June 2023 91,038

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 198,258 336,422
Prepayments and accrued income 4,373 10,927
202,631 347,349

Bathroom Inspirations Limited (Registered number: 05028795)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 23,406 22,341
Hire purchase contracts 21,217 16,565
Trade creditors 268,573 321,006
UK corporation tax 56,668 75,792
Tax and social security costs 34,376 30,269
Other creditors 53,386 90,244
Directors' current accounts 533 5,030
Accruals and deferred income 7,336 6,566
465,495 567,813

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 55,819 79,278
Hire purchase contracts 114,954 78,896
170,773 158,174

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 136,171 95,461
Bank loans 60,059 72,452
196,230 167,913

Bank loans are secured by fixed and floating charges over the company's freehold property and all other assets, present and future.

Hire purchase liabilities are secured on the assets concerned.

9. OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments totalling £2,052.