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Registration number: 05592171

The Bathroom Village Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

The Bathroom Village Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

The Bathroom Village Limited

(Registration number: 05592171)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

21,597

13,161

Current assets

 

Stocks

5

255,290

284,028

Debtors

6

45,980

18,241

Cash at bank and in hand

 

244,721

416,631

 

545,991

718,900

Creditors: Amounts falling due within one year

7

(134,949)

(184,702)

Net current assets

 

411,042

534,198

Total assets less current liabilities

 

432,639

547,359

Provisions for liabilities

-

(1,652)

Net assets

 

432,639

545,707

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

432,539

545,607

Shareholders' funds

 

432,639

545,707

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 Directors acknowledge their 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 Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 July 2025 and signed on its behalf by:
 

.........................................
Mr M Nuttall
Director

 

The Bathroom Village Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

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

The address of its registered office is:
117-119 Grimsby Road
Cleethorpes
North East Lincolnshire
DN35 7DG

These financial statements were authorised for issue by the Board on 23 July 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 accounts are presented in sterling which is the functional currency of the company and is rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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.

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 income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

 

The Bathroom Village Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the statement of financial position 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

Fixtures, fittings and equipment

25% or 33% reducing balance

Motor vehicles

25% reducing balance

Leasehold improvements

10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

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

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to sell.

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 initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity.

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.

 

The Bathroom Village Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Defined contribution pension obligation

The company contributes into certain employees' and directors' pension schemes. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the tules of the schemes

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 7 (2024 - 7).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2024

6,562

16,518

13,495

36,575

Additions

-

2,807

11,898

14,705

Disposals

-

(15,861)

-

(15,861)

At 31 March 2025

6,562

3,464

25,393

35,419

Depreciation

At 1 April 2024

293

14,728

8,394

23,415

Charge for the year

1,641

782

3,010

5,433

Eliminated on disposal

-

(15,026)

-

(15,026)

At 31 March 2025

1,934

484

11,404

13,822

Carrying amount

At 31 March 2025

4,628

2,980

13,989

21,597

At 31 March 2024

6,269

1,791

5,101

13,161

Included within the net book value of land and buildings above is £4,628 (2024 - £6,269) in respect of long leasehold land and buildings.
 

5

Stocks

2025
£

2024
£

Finished goods and goods for resale

255,290

284,028

6

Debtors

Current

2025
£

2024
£

Trade debtors

3,332

6,513

Prepayments

17,850

11,728

Other debtors

24,798

-

 

45,980

18,241

 

The Bathroom Village Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Trade creditors

28,656

39,813

Taxation and social security

-

39,852

Accruals and deferred income

23,914

21,940

Other creditors

82,379

83,097

134,949

184,702

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

9

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 £124,800 (2024 - £140,400).