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REGISTERED NUMBER: 05687277 (England and Wales)























Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Bathtime (North West) Limited

Bathtime (North West) Limited (Registered number: 05687277)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bathtime (North West) Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr S R Brown
Mr P Liley
Ms M Goggins





SECRETARY: Mrs D M Brown





REGISTERED OFFICE: Unit 2D Northgate
White Lund Industrial Estate
Morecambe
Lancashire
LA3 3PA





REGISTERED NUMBER: 05687277 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

Bathtime (North West) Limited (Registered number: 05687277)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 11,783 17,675
11,783 17,675

CURRENT ASSETS
Stocks 253,561 251,803
Debtors 6 43,193 71,598
Cash at bank and in hand 228,837 256,824
525,591 580,225
CREDITORS
Amounts falling due within one year 7 362,797 433,407
NET CURRENT ASSETS 162,794 146,818
TOTAL ASSETS LESS CURRENT
LIABILITIES

174,577

164,493

CREDITORS
Amounts falling due after more than one
year

8

(10,239

)

(26,863

)

PROVISIONS FOR LIABILITIES (2,946 ) (4,419 )
NET ASSETS 161,392 133,211

CAPITAL AND RESERVES
Called up share capital 105 105
Retained earnings 161,287 133,106
SHAREHOLDERS' FUNDS 161,392 133,211

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Bathtime (North West) Limited (Registered number: 05687277)

Balance Sheet - continued
31 December 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2025 and were signed on its behalf by:





Mr P Liley - Director


Bathtime (North West) Limited (Registered number: 05687277)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Bathtime (North West) Limited is a private company, limited by shares , registered in England and Wales. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of three years.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Office Equipment - 33% 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 Statement of Income and Retained Earnings, 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.


Bathtime (North West) Limited (Registered number: 05687277)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill Website Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 20,000 5,599 25,599
AMORTISATION
At 1 January 2024
and 31 December 2024 20,000 5,599 25,599
NET BOOK VALUE
At 31 December 2024 - - -
At 31 December 2023 - - -

Bathtime (North West) Limited (Registered number: 05687277)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
Machinery fittings vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 6,563 66,566 54,747 9,697 137,573
Disposals - - (16,629 ) - (16,629 )
At 31 December 2024 6,563 66,566 38,118 9,697 120,944
DEPRECIATION
At 1 January 2024 4,785 66,566 38,850 9,697 119,898
Charge for year 593 - 5,299 - 5,892
Eliminated on disposal - - (16,629 ) - (16,629 )
At 31 December 2024 5,378 66,566 27,520 9,697 109,161
NET BOOK VALUE
At 31 December 2024 1,185 - 10,598 - 11,783
At 31 December 2023 1,778 - 15,897 - 17,675

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024
and 31 December 2024 26,495
DEPRECIATION
At 1 January 2024 10,598
Charge for year 5,299
At 31 December 2024 15,897
NET BOOK VALUE
At 31 December 2024 10,598
At 31 December 2023 15,897

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 35,549 35,463
Other debtors 7,644 36,135
43,193 71,598

Bathtime (North West) Limited (Registered number: 05687277)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 9) 6,624 6,624
Trade creditors 125,771 191,278
Taxation and social security 91,056 80,021
Other creditors 129,346 145,484
362,797 433,407

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 4,167 14,167
Hire purchase contracts (see note 9) 6,072 12,696
10,239 26,863

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.24 31.12.23
£    £   
Net obligations repayable:
Within one year 6,624 6,624
Between one and five years 6,072 12,696
12,696 19,320

Non-cancellable operating leases
31.12.24 31.12.23
£    £   
Within one year 30,630 39,434
Between one and five years 38,110 68,740
68,740 108,174

Bathtime (North West) Limited (Registered number: 05687277)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank loans 14,167 24,167

The UK Government have provided a 100% guarantee on the Bounce Back Loan Scheme (BBLS), borrowings obtained from Barclays PLC.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
Mr S R Brown
Balance outstanding at start of year 14,337 33,661
Amounts advanced 24,268 21,176
Amounts repaid (44,000 ) (40,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (5,395 ) 14,337

Mr P Liley
Balance outstanding at start of year 8,390 18,250
Amounts advanced 17,086 30,640
Amounts repaid (44,000 ) (40,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (18,524 ) 8,390

12. RELATED PARTY DISCLOSURES

Last year the company was in receipt of an interest free loan from a company with common directors. The balance outstanding at the 2023 year end was £38,266. This has now been repaid in the year.

In addition to the loan the company had an outstanding debtor balance of £17,977 and an £3,398 outstanding creditor balance at the year end to the same company with common directors, due to sale and purchases made between the 2 companies on arms length commercial terms.The 2023 year end debtor and creditor balances were £15,175 and £1,788 respectively.