| REGISTERED NUMBER: |
| The Walk In Bath Co Limited |
| Unaudited Financial Statements |
| for the Year Ended 31 October 2024 |
| REGISTERED NUMBER: |
| The Walk In Bath Co Limited |
| Unaudited Financial Statements |
| for the Year Ended 31 October 2024 |
| The Walk In Bath Co Limited (Registered number: 11639587) |
| Contents of the Financial Statements |
| for the year ended 31 October 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Chartered Accountants' Report | 10 |
| The Walk In Bath Co Limited |
| Company Information |
| for the year ended 31 October 2024 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Aireside House |
| Aireside Business Centre |
| Royd Ings Avenue |
| Keighley |
| West Yorkshire |
| BD21 4BZ |
| The Walk In Bath Co Limited (Registered number: 11639587) |
| Balance Sheet |
| 31 October 2024 |
| 31.10.24 | 31.10.23 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| ( |
) | ( |
) |
| 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 Walk In Bath Co Limited (Registered number: 11639587) |
| Balance Sheet - continued |
| 31 October 2024 |
| The financial statements were approved by the director and authorised for issue on |
| The Walk In Bath Co Limited (Registered number: 11639587) |
| Notes to the Financial Statements |
| for the year ended 31 October 2024 |
| 1. | STATUTORY INFORMATION |
| The Walk In Bath Co Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Revenue recognition |
| 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 |
| Plant and machinery etc | - |
| All tangible fixed assets are at cost less accumulated depreciation. Cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. |
| Assets held under finance lease are depreciated in the same manner as owned assets. |
| Renewals, repairs and maintenance are charged to profit and loss during the period in which they are incurred. |
| Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using a mixture of methods. The depreciation bases are as detailed above. |
| The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. |
| Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are credited or charged to the income statement. |
| Impairment of fixed assets |
| At each balance sheet date, the Company reviews the carrying amounts of its property, plant and equipment to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indications exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. |
| If the recoverable amount of an asset is estimated to be less that its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately. |
| Where an impairment loss subsequently reserves, the carrying amount of the asset is increased to the revised estimate of its recoverable amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in the prior years. A reversal of an impairment loss is recognised as income immediately. |
| The Walk In Bath Co Limited (Registered number: 11639587) |
| Notes to the Financial Statements - continued |
| for the year ended 31 October 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Stocks |
| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
| 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. |
| Pension costs and other post-retirement benefits |
| The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. |
| The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds. |
| Going concern |
| These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| The Walk In Bath Co Limited (Registered number: 11639587) |
| Notes to the Financial Statements - continued |
| for the year ended 31 October 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 November 2023 |
| Additions |
| At 31 October 2024 |
| DEPRECIATION |
| At 1 November 2023 |
| Charge for year |
| At 31 October 2024 |
| NET BOOK VALUE |
| At 31 October 2024 |
| At 31 October 2023 |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 November 2023 |
| Additions |
| At 31 October 2024 |
| DEPRECIATION |
| At 1 November 2023 |
| Charge for year |
| At 31 October 2024 |
| NET BOOK VALUE |
| At 31 October 2024 |
| At 31 October 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.10.24 | 31.10.23 |
| £ | £ |
| Trade debtors |
| Other debtors |
| The Walk In Bath Co Limited (Registered number: 11639587) |
| Notes to the Financial Statements - continued |
| for the year ended 31 October 2024 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.10.24 | 31.10.23 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts (see note 8) |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| Within other creditors, for other loans where the repayment periods are uncertain, the company has used its best estimate on available information this year, to determine the classification. |
| Iwoca Loan - total repayments in 12 months were £534,426, therefore it is fair to assume that a balance outstanding this year of £307,299 will be settled within 12 months. |
| 365 Finance Loan - total repayments in 12 months were £78,931, therefore it is fair to assume that a balance outstanding this year of £43,069 will be settled within 12 months. |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.10.24 | 31.10.23 |
| £ | £ |
| Bank loans |
| Hire purchase contracts (see note 8) |
| Other creditors |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments fall due as follows: |
| Hire purchase contracts |
| 31.10.24 | 31.10.23 |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| Non-cancellable operating | leases |
| 31.10.24 | 31.10.23 |
| £ | £ |
| Within one year |
| Between one and five years |
| The Walk In Bath Co Limited (Registered number: 11639587) |
| Notes to the Financial Statements - continued |
| for the year ended 31 October 2024 |
| 9. | PENSION COMMITMENTS |
| The company operates a defined contribution scheme for the benefit of the directors and staff. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the funds and amounted to £29,083 (2023 - £41,059). Contributions totalling £574 (2023 - £1,966) were payable to the fund at the balance sheet date and are included in creditors. |
| 10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023: |
| 31.10.24 | 31.10.23 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| The Walk In Bath Co Limited (Registered number: 11639587) |
| Notes to the Financial Statements - continued |
| for the year ended 31 October 2024 |
| 11. | RELATED PARTY DISCLOSURES |
| Budget Bathing Limited |
| A company is which Mr J C Allen is both director and shareholder. |
| Included within other debtors at the year-end is an amount of £Nil (2023 - £1,589) due from Budget Bathing Limited. This amount is repayable on demand and is interest free. |
| Included within other creditors at the year-end is an amount of £80,998 (2023 - £Nil) due to Budget Bathing Limited. This amount is payable on demand and is interest free. |
| Included in trade debtors at the year-end is an amount of £144,386 (2023 - £nil) due from Budget Bathing Limited. |
| Mobility Group Holdings Limited |
| A company is which Mr J C Allen is both director and shareholder. |
| Included within other debtors at the year-end is an amount of £68,560 (2023 - £38,560) due from Mobility Group Holdings Limited. This amount is repayable on demand and is interest free. |
| SLF Consulting Limited |
| A company is which Mr J C Allen is both director and shareholder. |
| Included within other creditors at the year-end is an amount of £9,019 (2023 - £21,619) due to SLF Consulting Limited. This amount is payable on demand and is interest free. |
| Included in trade debtors at the year-end is an amount of £51,350 (2023 - £nil) due from SLF Consulting Limited. |
| Included in trade creditors at the year-end is an amount of £62,800 (2023 - £nil) due to SLF Consulting Limited. |
| Mobility Bathroom Installations Limited |
| A company is which Mr J C Allen is both director and shareholder. |
| Included within other creditors at the year-end is an amount of £15,200 (2023 - £23,600) due to Mobility Bathroom Installations Limited. This amount is payable on demand and is interest free. |
| Included in trade creditors at the year-end is an amount of £6,100 (2023 - £nil) due to Mobility Bathroom Installations Limited. |
| 12. | ULTIMATE PARENT COMPANY |
| The ultimate parent company of The Walk in Bath Company Limited is Mobility Group Holdings Limited, a company incorporated in Great Britain, which in turn is under the control of J C Allen. The registered office address of the ultimate parent company is Unit 1F Sapper Jordan Rossi Park, Baildon, Shipley, West Yorkshire, BD17 7AX. |
| Mobility Group Holdings Limited is the controlling entity of the group and holds 100% of the shares in The Walk in Bath Company Limited. |
| The financial statements of Mobility Group Holdings Limited are available to the public and may be obtained from the registered office. |
| Chartered Accountants' Report to the Director |
| on the Unaudited Financial Statements of |
| The Walk In Bath Co Limited |
| The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Walk In Bath Co Limited for the year ended 31 October 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the director of The Walk In Bath Co Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Walk In Bath Co Limited and state those matters that we have agreed to state to the director of The Walk In Bath Co Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Walk In Bath Co Limited and its director for our work or for this report. |
| It is your duty to ensure that The Walk In Bath Co Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Walk In Bath Co Limited. You consider that The Walk In Bath Co Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of The Walk In Bath Co Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Aireside House |
| Aireside Business Centre |
| Royd Ings Avenue |
| Keighley |
| West Yorkshire |
| BD21 4BZ |
| Date: ............................................. |