Company Registration No. 02965338 (England and Wales)
Beautiful Bathrooms (Hayes) Limited
Unaudited accounts
for the year ended 30 September 2024
Beautiful Bathrooms (Hayes) Limited
Company Information
for the year ended 30 September 2024
Company Number
02965338 (England and Wales)
Registered Office
80 Dunsham Lane
Aylesbury
Bucks
HP20 2DG
United Kingdom
Accountants
Howard and Company
High Street
Egham
Surrey
TW20 9HE
Beautiful Bathrooms (Hayes) Limited
Statement of financial position
as at 30 September 2024
Tangible assets
8,669
385,022
Investment property
675,000
375,000
Cash at bank and in hand
315,000
307,602
Creditors: amounts falling due within one year
(78,434)
(86,350)
Net current assets
237,216
231,492
Total assets less current liabilities
920,885
991,514
Provisions for liabilities
Deferred tax
(104,004)
(123,093)
Net assets
816,881
868,421
Called up share capital
2
2
Revaluation reserve
-
259,100
Profit and loss account
816,879
609,319
Shareholders' funds
816,881
868,421
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 March 2025 and were signed on its behalf by
Richard Bailes
Director
Company Registration No. 02965338
Beautiful Bathrooms (Hayes) Limited
Notes to the Accounts
for the year ended 30 September 2024
Beautiful Bathrooms (Hayes) Limited is a private company, limited by shares, registered in England and Wales, registration number 02965338. The registered office is 80 Dunsham Lane, Aylesbury, Bucks, HP20 2DG, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in pounds sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods differing from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on the tax rates that are expected to apply at that time.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Freehold property occupied by the company is included at market fair value. Changes in value are transferred to the revaluation reserve after providing for deferred taxation at the rate expected to apply when the property is expected to be sold.
Other tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is expected to be sold.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Beautiful Bathrooms (Hayes) Limited
Notes to the Accounts
for the year ended 30 September 2024
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2023
375,000
5,329
21,770
402,099
Transfer to investment property
(375,000)
-
-
(375,000)
At 30 September 2024
-
5,716
21,770
27,486
At 1 October 2023
-
4,224
12,853
17,077
Charge for the year
-
384
1,783
2,167
On disposals
-
(427)
-
(427)
At 30 September 2024
-
4,181
14,636
18,817
At 30 September 2024
-
1,535
7,134
8,669
At 30 September 2023
375,000
1,105
8,917
385,022
Carrying amount of land and buildings on cost basis
-
42,500
Freehold land and buildings occupied by the company are valued informally using the open market method of valuation by Karwood Estate Agents of Hayes.
Fair value at 1 October 2023
375,000
Net loss from fair value adjustments
(75,000)
At 30 September 2024
675,000
The company's Investment Properties were valued informally using the open market method of valuation by Karwood Estate Agents of Hayes.
The company's freehold property situated at 9 Broadway Parade, Coldharbour Lane, Hayes was let out during the year and has therefore been reclassified as an investment property.
Beautiful Bathrooms (Hayes) Limited
Notes to the Accounts
for the year ended 30 September 2024
Amounts falling due within one year
Accrued income and prepayments
397
1,794
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,760
5,334
Loans from directors
70,141
68,129
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).