Access and Mobility Bathrooms Ltd 14385209 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is that of specialist bathroom installation. Digita Accounts Production Advanced 6.30.9574.0 true 14385209 2023-10-01 2024-09-30 14385209 2024-09-30 14385209 bus:Director1 1 2024-09-30 14385209 bus:OrdinaryShareClass1 2024-09-30 14385209 core:CurrentFinancialInstruments 2024-09-30 14385209 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 14385209 core:Non-currentFinancialInstruments 2024-09-30 14385209 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 14385209 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-09-30 14385209 core:FurnitureFittingsToolsEquipment 2024-09-30 14385209 core:OtherPropertyPlantEquipment 2024-09-30 14385209 1 2024-09-30 14385209 bus:SmallEntities 2023-10-01 2024-09-30 14385209 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 14385209 bus:FilletedAccounts 2023-10-01 2024-09-30 14385209 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 14385209 bus:RegisteredOffice 2023-10-01 2024-09-30 14385209 bus:Director1 2023-10-01 2024-09-30 14385209 bus:Director1 1 2023-10-01 2024-09-30 14385209 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 14385209 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 14385209 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-10-01 2024-09-30 14385209 core:IntangibleAssetsOtherThanGoodwill 2023-10-01 2024-09-30 14385209 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 14385209 core:OfficeEquipment 2023-10-01 2024-09-30 14385209 core:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 14385209 core:PlantMachinery 2023-10-01 2024-09-30 14385209 1 2023-10-01 2024-09-30 14385209 countries:EnglandWales 2023-10-01 2024-09-30 14385209 2023-09-30 14385209 bus:Director1 1 2023-09-30 14385209 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-30 14385209 core:FurnitureFittingsToolsEquipment 2023-09-30 14385209 core:OtherPropertyPlantEquipment 2023-09-30 14385209 2022-09-29 2023-09-30 14385209 2023-09-30 14385209 bus:Director1 1 2023-09-30 14385209 bus:OrdinaryShareClass1 2023-09-30 14385209 core:CurrentFinancialInstruments 2023-09-30 14385209 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 14385209 core:Non-currentFinancialInstruments 2023-09-30 14385209 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 14385209 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-30 14385209 core:FurnitureFittingsToolsEquipment 2023-09-30 14385209 core:OtherPropertyPlantEquipment 2023-09-30 14385209 1 2023-09-30 14385209 bus:Director1 1 2022-09-29 2023-09-30 14385209 bus:Director1 1 2022-09-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14385209

Access and Mobility Bathrooms Ltd

Unaudited Financial Statements

for the Year Ended 30 September 2024

 

Access and Mobility Bathrooms Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Access and Mobility Bathrooms Ltd

Company Information

Director

Mr Lee Brand

Registered office

5 The Oundle
Stevenage
Herts
SG2 8JY

 

Access and Mobility Bathrooms Ltd

(Registration number: 14385209)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

5

1,577

1,770

Tangible assets

6

3,134

932

 

4,711

2,702

Current assets

 

Stocks

7

500

500

Debtors

8

106,174

45,709

Cash at bank and in hand

 

104,513

19,092

 

211,187

65,301

Creditors: Amounts falling due within one year

9

(174,330)

(39,710)

Net current assets

 

36,857

25,591

Total assets less current liabilities

 

41,568

28,293

Creditors: Amounts falling due after more than one year

9

(30,751)

-

Provisions for liabilities

(1,155)

(573)

Net assets

 

9,662

27,720

Capital and reserves

 

Called up share capital

1

1

Retained earnings

9,661

27,719

Shareholders' funds

 

9,662

27,720

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 March 2025
 

 

Access and Mobility Bathrooms Ltd

(Registration number: 14385209)
Balance Sheet as at 30 September 2024

.........................................
Mr Lee Brand
Director

 

Access and Mobility Bathrooms Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
5 The Oundle
Stevenage
Herts
SG2 8JY
England

These financial statements were authorised for issue by the director on 27 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Access and Mobility Bathrooms Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% straight line

Plant and machinery

20% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Website development

10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price.

Trade debtors are reviewed for bad debts on an annual basis. Any adjustment is made accordingly
through the profit and loss account.

 

Access and Mobility Bathrooms Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 1).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

644

186

Amortisation expense

193

163

 

Access and Mobility Bathrooms Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

5

Intangible assets

Website development
 £

Total
£

Cost or valuation

At 1 October 2023

1,934

1,934

At 30 September 2024

1,934

1,934

Amortisation

At 1 October 2023

164

164

Amortisation charge

193

193

At 30 September 2024

357

357

Carrying amount

At 30 September 2024

1,577

1,577

At 30 September 2023

1,770

1,770

6

Tangible assets

Office equipment
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 October 2023

1,117

-

1,117

Additions

1,930

917

2,847

At 30 September 2024

3,047

917

3,964

Depreciation

At 1 October 2023

185

-

185

Charge for the year

492

153

645

At 30 September 2024

677

153

830

Carrying amount

At 30 September 2024

2,370

764

3,134

At 30 September 2023

932

-

932

7

Stocks

2024
£

2023
£

Raw materials

500

500

 

Access and Mobility Bathrooms Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

8

Debtors

Current

2024
£

2023
£

Trade debtors

77,391

26,950

Prepayments

3,168

2,139

Other debtors

25,615

16,620

 

106,174

45,709

9

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

14

3,887

-

Trade creditors

 

760

2,191

Taxation and social security

 

38,234

33,395

Accruals and deferred income

 

105,185

1,567

Other creditors

 

26,264

2,557

 

174,330

39,710

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

14

30,751

-

10

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

         

11

Dividends

2024

2023

£

£

Interim dividend of £100,100 (2023 - £70,000) per ordinary share

100,100

70,000

 

 
 

Access and Mobility Bathrooms Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

12

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £125 (2023 - £125). This is in relation to the business' storage facility which it leases on a one month rolling contract.

13

Related party transactions

Transactions with the director

2024

At 1 October 2023
£

Advances to director
£

Repayments by director
£

At 30 September 2024
£

Mr Lee Brand

(204)

110,394

(110,339)

(148)

2023

At 29 September 2022
£

Advances to director
£

Repayments by director
£

At 30 September 2023
£

Mr Lee Brand

-

75,744

(75,948)

(204)

This loan is provided interest free and is repayable on demand.

14

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

30,751

-

Current loans and borrowings

2024
£

2023
£

Bank borrowings

3,887

-

Bank borrowings

 

Access and Mobility Bathrooms Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

NatWest loan is denominated in £ with a nominal interest rate of 8.65%, and the final instalment is due on 30 June 2031. The carrying amount at year end is £34,638 (2023 - £Nil).

The company has a bank loan from Natwest. The amounts due within 1 year is £3,887 and the amounts due over 1 year is £30,751. The loan is secured by a personal guarantee of £35,000 from Mr. Lee Anthony Brand.