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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
Director
Richard Bailes
Secretary
A Bailes
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
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Beautiful Bathrooms (Hayes) Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,669 
385,022 
Investment property
675,000 
375,000 
683,669 
760,022 
Current assets
Inventories
- 
875 
Debtors
650 
9,365 
Cash at bank and in hand
315,000 
307,602 
315,650 
317,842 
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 
Capital and reserves
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
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Beautiful Bathrooms (Hayes) Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in pounds sterling.
Turnover
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 taxation
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
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
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
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Beautiful Bathrooms (Hayes) Limited Notes to the Accounts for the year ended 30 September 2024
Pension costs
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 
Additions
- 
900 
- 
900 
Disposals
- 
(513)
- 
(513)
Transfer to investment property
(375,000)
- 
- 
(375,000)
At 30 September 2024
- 
5,716 
21,770 
27,486 
Depreciation
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 
Net book value
At 30 September 2024
- 
1,535 
7,134 
8,669 
At 30 September 2023
375,000 
1,105 
8,917 
385,022 
2024 
2023 
£ 
£ 
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.
5
Investment property
2024 
£ 
Fair value at 1 October 2023
375,000 
Additions
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.
- 5 -
Beautiful Bathrooms (Hayes) Limited Notes to the Accounts for the year ended 30 September 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
5,783 
Accrued income and prepayments
397 
1,794 
Other debtors
253 
1,788 
650 
9,365 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
10,186 
Taxes and social security
1,760 
5,334 
Loans from directors
70,141 
68,129 
Accruals
1,200 
2,701 
Deferred income
5,333 
- 
78,434 
86,350 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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