1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 11,500 11,500 11,500 xbrli:pure xbrli:shares iso4217:GBP 12706776 2023-07-01 2024-06-30 12706776 2024-06-30 12706776 2023-06-30 12706776 2022-07-01 2023-06-30 12706776 2023-06-30 12706776 2022-06-30 12706776 core:FurnitureFittings 2023-07-01 2024-06-30 12706776 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 12706776 bus:Director1 2023-07-01 2024-06-30 12706776 core:WithinOneYear 2024-06-30 12706776 core:WithinOneYear 2023-06-30 12706776 core:FurnitureFittings 2023-06-30 12706776 core:FurnitureFittings 2024-06-30 12706776 core:AfterOneYear 2024-06-30 12706776 core:AfterOneYear 2023-06-30 12706776 core:ShareCapital 2024-06-30 12706776 core:ShareCapital 2023-06-30 12706776 core:RetainedEarningsAccumulatedLosses 2024-06-30 12706776 core:RetainedEarningsAccumulatedLosses 2023-06-30 12706776 core:AcceleratedTaxDepreciationDeferredTax 2024-06-30 12706776 core:AcceleratedTaxDepreciationDeferredTax 2023-06-30 12706776 core:TaxLossesCarry-forwardsDeferredTax 2024-06-30 12706776 core:FurnitureFittings 2023-06-30 12706776 bus:Director1 2023-06-30 12706776 bus:Director1 2024-06-30 12706776 bus:Director1 2022-06-30 12706776 bus:Director1 2023-06-30 12706776 bus:Director1 2022-07-01 2023-06-30 12706776 bus:SmallEntities 2023-07-01 2024-06-30 12706776 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 12706776 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12706776 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12706776 bus:FullAccounts 2023-07-01 2024-06-30 12706776 bus:OrdinaryShareClass1 2024-06-30 12706776 bus:OrdinaryShareClass1 2023-06-30 12706776 core:PlantMachinery 2023-07-01 2024-06-30 12706776 core:IntangibleAssetsOtherThanGoodwill 2023-07-01 2024-06-30 12706776 core:IntangibleAssetsOtherThanGoodwill 2024-06-30 12706776 core:PlantMachinery 2023-06-30 12706776 core:PlantMachinery 2024-06-30
COMPANY REGISTRATION NUMBER: 12706776
Bath Springs Trading Group Limited
Filleted Unaudited Financial Statements
30 June 2024
Bath Springs Trading Group Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
Fixed assets
Website
5
11,500
Tangible assets
6
6,109
5,212
--------
-------
17,609
5,212
Current assets
Stocks
1,129,100
445,123
Debtors
7
212,130
241,154
Cash at bank and in hand
20,521
280,096
------------
---------
1,361,751
966,373
Creditors: amounts falling due within one year
8
1,198,113
770,882
------------
---------
Net current assets
163,638
195,491
---------
---------
Total assets less current liabilities
181,247
200,703
Creditors: amounts falling due after more than one year
9
100,000
56,125
Provisions
612
1,303
---------
---------
Net assets
80,635
143,275
---------
---------
Capital and reserves
Called up share capital
11
100
100
Profit and loss account
80,535
143,175
--------
---------
Shareholders funds
80,635
143,275
--------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Bath Springs Trading Group Limited
Statement of Financial Position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 26 March 2025 , and are signed on behalf of the board by:
Mr M Pastor
Director
Company registration number: 12706776
Bath Springs Trading Group Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 32 Unit 12 The Arcade, 32 Hatton Gardens, London, EC1N 8DH, UK.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
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 is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably .
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% straight line
Equipment
-
20% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method .
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 2 ).
5. Website
Website
£
Cost
Additions
11,500
--------
At 30 June 2024
11,500
--------
Amortisation
At 1 July 2023 and 30 June 2024
--------
Carrying amount
At 30 June 2024
11,500
--------
At 30 June 2023
--------
6. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 July 2023
5,728
3,374
9,102
Additions
256
2,684
2,940
-------
-------
--------
At 30 June 2024
5,984
6,058
12,042
-------
-------
--------
Depreciation
At 1 July 2023
2,285
1,605
3,890
Charge for the year
1,197
846
2,043
-------
-------
--------
At 30 June 2024
3,482
2,451
5,933
-------
-------
--------
Carrying amount
At 30 June 2024
2,502
3,607
6,109
-------
-------
--------
At 30 June 2023
3,443
1,769
5,212
-------
-------
--------
7. Debtors
2024
2023
£
£
Trade debtors
111,950
41,850
Other debtors
100,180
199,304
---------
---------
212,130
241,154
---------
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
438,159
152,875
Trade creditors
648,224
256,280
Accruals and deferred income
13,481
174,680
Corporation tax
24,184
35,996
Social security and other taxes
46,157
53,474
Director loan accounts
27,804
97,473
Other creditors
104
104
------------
---------
1,198,113
770,882
------------
---------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
100,000
56,125
---------
--------
10. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2024
2023
£
£
Included in provisions
612
1,303
----
-------
The deferred tax account consists of the tax effect of timing differences in respect of:
2024
2023
£
£
Accelerated capital allowances
1,527
1,303
Unused tax losses
( 915)
-------
-------
612
1,303
-------
-------
11. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
12. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr M Pastor
( 97,473)
69,669
( 27,804)
--------
--------
--------
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr M Pastor
( 149,915)
52,442
( 97,473)
---------
--------
--------