KINGDOM BATHROOMS & TILES LTD.


Directors	Nicola Lynch
	Wayne Lynch


Registered Address	Unit 2 Hayfield Industrial Estate
	Kirkcaldy
	KY2 5DH


Registered Number	SC483395 (Scotland)

Balance Sheet as at
30 November 2024

	Notes	30 Nov 2024		31 Aug 2023
		£	£	£	£
Fixed assets
Tangible assets	3		93,644		13,594
			93,644		13,594
Current assets
Stocks		26,535		22,740
Debtors	4	58,470		58,680
Cash at bank and on hand		170,202		149,101
		255,207		230,521
Creditors amounts falling due within one year	5	(145,572)		(101,345)
Net current assets (liabilities)			109,635		129,176
Total assets less current liabilities			203,279		142,770
Creditors amounts falling due after one year	6		(55,563)		(18,153)
Provisions for liabilities			(20,602)		(2,583)
Net assets			127,114		122,034
Capital and reserves
Called up share capital			100		100
Profit and loss account			127,014		121,934
Shareholders' funds			127,114		122,034

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 20 May 2025, and are signed on its behalf by:

Wayne Lynch
Director
Registered Company No. SC483395

KINGDOM BATHROOMS & TILES LTD.

Notes to the Financial Statements
for the period ended 30 November 2024

1.	Accounting policies

	Statutory information
	Kingdom Bathrooms & Tiles Ltd. is a private company, limited by shares, registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	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 policy
	Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

	Employee benefits
	The company operates a defined contribution pension scheme. Contributions payable to the companys pension scheme are charged to profit or loss in the period to which they relate.

	Current taxation
	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
	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.

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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Plant and machinery - 20% on reducing balance Fixtures and fittings - 20% on reducing balance Motor vehicles - 25% on reducing balance Computer equipment - 33.3% on cost and 25% on reducing balance

	Finance leases and hire purchase contracts
	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.

Finance leases and hire purchase contracts

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.

	Stocks and work in progress
	Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	8		7

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 September 23	4,435	21,090	6,420	6,317	38,262
Additions	1,278	82,355	3,352	500	87,485
Disposals	-	-	-	(1,475)	(1,475)
At 30 November 24	5,713	103,445	9,772	5,342	124,272
Depreciation and impairment
At 01 September 23	2,155	16,085	3,157	3,271	24,668
Charge for year	612	4,605	1,190	1,028	7,435
On disposals	-	-	-	(1,475)	(1,475)
At 30 November 24	2,767	20,690	4,347	2,824	30,628
Net book value
At 30 November 24	2,946	82,755	5,425	2,518	93,644
At 31 August 23	2,280	5,005	3,263	3,046	13,594

4.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	1,015	394
Other debtors	55,250	55,250
Prepayments and accrued income	2,205	3,036
Total	58,470	58,680

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	69,533	53,322
Bank borrowings and overdrafts	10,000	10,000
Taxation and social security	35,095	29,247
Finance lease and HP contracts	14,278	-
Other creditors	8,214	1,046
Accrued liabilities and deferred income	8,452	7,730
Total	145,572	101,345

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	5,590	18,153
Other creditors	49,973	-
Total	55,563	18,153

7.	Other commitments
	The company has lease commitments of £24,000 (2023 - £24,000) in the next 12 months.