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REGISTERED NUMBER: 07289229















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Perfect Bathroom Solutions Limited

Perfect Bathroom Solutions Limited (Registered number: 07289229)






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


Perfect Bathroom Solutions Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: A P Gear





SECRETARY: A P Gear





REGISTERED OFFICE: Myrtle House
High Street
Henfield
W Sussex
BN5 9DA





REGISTERED NUMBER: 07289229





ACCOUNTANTS: Michael Finn & Co
Myrtle House
High Street
HENFIELD
West Sussex
BN5 9DA

Perfect Bathroom Solutions Limited (Registered number: 07289229)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,835 33,493

CURRENT ASSETS
Stocks 15,000 45,000
Debtors 5 166,968 211,172
Cash at bank 114,733 22,308
296,701 278,480
CREDITORS
Amounts falling due within one year 6 229,395 243,367
NET CURRENT ASSETS 67,306 35,113
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,141

68,606

CREDITORS
Amounts falling due after more than one
year

7

20,260

25,969
NET ASSETS 74,881 42,637

CAPITAL AND RESERVES
Called up share capital 80 80
Retained earnings 74,801 42,557
SHAREHOLDERS' FUNDS 74,881 42,637

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 director acknowledges his 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 director and authorised for issue on 21 March 2025 and were signed by:





A P Gear - Director


Perfect Bathroom Solutions Limited (Registered number: 07289229)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Perfect Bathroom Solutions Limited is a private company, limited by shares , registered in Not specified/Other. 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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Perfect Bathroom Solutions Limited (Registered number: 07289229)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023 43,377 10,383 8,124 61,884
Additions 417 1,535 1,668 3,620
At 30 June 2024 43,794 11,918 9,792 65,504
DEPRECIATION
At 1 July 2023 15,562 4,705 8,124 28,391
Charge for year 7,058 1,803 417 9,278
At 30 June 2024 22,620 6,508 8,541 37,669
NET BOOK VALUE
At 30 June 2024 21,174 5,410 1,251 27,835
At 30 June 2023 27,815 5,678 - 33,493

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 July 2023
and 30 June 2024 34,995
DEPRECIATION
At 1 July 2023
and 30 June 2024 8,749
NET BOOK VALUE
At 30 June 2024 26,246
At 30 June 2023 26,246

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 158,509 208,190
Prepayments and accrued income 8,459 2,982
166,968 211,172

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other loans 20,000 30,000
Hire purchase contracts 5,703 5,698
Trade creditors 59,443 120,508
Tax 22,491 4,066
Social security and other taxes 1,312 1,511
VAT 32,860 15,324
Other creditors 49,406 -
Directors' current accounts 33,880 62,360
Accrued expenses 4,300 3,900
229,395 243,367

Perfect Bathroom Solutions Limited (Registered number: 07289229)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 20,260 25,969