IRIS Accounts Production v25.2.0.378 11598266 Board of Directors Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh115982662023-12-31115982662024-12-31115982662024-01-012024-12-31115982662022-10-31115982662022-11-012023-12-31115982662023-12-3111598266ns15:EnglandWales2024-01-012024-12-3111598266ns14:PoundSterling2024-01-012024-12-3111598266ns10:Director12024-01-012024-12-3111598266ns10:Director22024-01-012024-12-3111598266ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3111598266ns10:SmallEntities2024-01-012024-12-3111598266ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3111598266ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3111598266ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3111598266ns10:FullAccounts2024-01-012024-12-3111598266ns10:OrdinaryShareClass12024-01-012024-12-3111598266ns10:RegisteredOffice2024-01-012024-12-3111598266ns5:CurrentFinancialInstruments2024-12-3111598266ns5:CurrentFinancialInstruments2023-12-3111598266ns5:Non-currentFinancialInstruments2024-12-3111598266ns5:Non-currentFinancialInstruments2023-12-3111598266ns5:ShareCapital2024-12-3111598266ns5:ShareCapital2023-12-3111598266ns5:RetainedEarningsAccumulatedLosses2024-12-3111598266ns5:RetainedEarningsAccumulatedLosses2023-12-3111598266ns5:PlantMachinery2024-01-012024-12-3111598266ns5:MotorVehicles2024-01-012024-12-3111598266ns5:ComputerEquipment2024-01-012024-12-3111598266ns5:PlantMachinery2023-12-3111598266ns5:PlantMachinery2024-12-3111598266ns5:PlantMachinery2023-12-3111598266ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-12-3111598266ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-12-3111598266ns5:AcceleratedTaxDepreciationDeferredTax2024-12-3111598266ns5:AcceleratedTaxDepreciationDeferredTax2023-12-3111598266ns5:DeferredTaxation2023-12-3111598266ns5:DeferredTaxation2024-12-3111598266ns10:OrdinaryShareClass12024-12-3111598266ns5:RetainedEarningsAccumulatedLosses2023-12-3111598266ns5:RetainedEarningsAccumulatedLosses2024-01-012024-12-31
REGISTERED NUMBER: 11598266 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

OLYMPUS BATHROOMS LIMITED

OLYMPUS BATHROOMS LIMITED (REGISTERED NUMBER: 11598266)






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


OLYMPUS BATHROOMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: R L Baker
J D Baker





REGISTERED OFFICE: 8 High Street
Otford
Sevenoaks
Kent
TN14 5PQ





REGISTERED NUMBER: 11598266 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
28 Wilton Road
Bexhill on Sea
East Sussex
TN40 1EZ

OLYMPUS BATHROOMS LIMITED (REGISTERED NUMBER: 11598266)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,502 40,528

CURRENT ASSETS
Debtors 5 8,085 8,891
Cash at bank 90,117 43,355
98,202 52,246
CREDITORS
Amounts falling due within one year 6 102,101 96,839
NET CURRENT LIABILITIES (3,899 ) (44,593 )
TOTAL ASSETS LESS CURRENT LIABILITIES 26,603 (4,065 )

CREDITORS
Amounts falling due after more than one year 7 (39,899 ) (35,519 )

PROVISIONS FOR LIABILITIES 8 (5,795 ) (7,700 )
NET LIABILITIES (19,091 ) (47,284 )

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 (19,093 ) (47,286 )
SHAREHOLDERS' FUNDS (19,091 ) (47,284 )

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.

OLYMPUS BATHROOMS LIMITED (REGISTERED NUMBER: 11598266)

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 29 July 2025 and were signed on its behalf by:




R L Baker - Director



J D Baker - Director


OLYMPUS BATHROOMS LIMITED (REGISTERED NUMBER: 11598266)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Olympus Bathrooms 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
In preparing the financial statements, the directors are required to make an assessment of the ability of the company to continue as a going concern. The directors have considered all available evidence for the company which covers the 12 month period from the date of signing these financial statements.

On the basis of this consideration, the directors are satisfied that the company has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion they consider that no material uncertainty exists. As a result, the directors have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements.

Turnover
Turnover represents invoices raised in respect of design, supply and installation of bathrooms net of value added tax.

Turnover is recognised at the point at which the right to consideration becomes due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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
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 ) .

OLYMPUS BATHROOMS LIMITED (REGISTERED NUMBER: 11598266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 71,572
Additions 141
At 31 December 2024 71,713
DEPRECIATION
At 1 January 2024 31,044
Charge for year 10,167
At 31 December 2024 41,211
NET BOOK VALUE
At 31 December 2024 30,502
At 31 December 2023 40,528

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 8,085 8,891

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other loans 9,156 6,563
Hire purchase contracts 11,785 11,006
Tax 37,549 30,341
Social security and other taxes 4,977 6,636
VAT 24,996 21,627
Other creditors 11,079 17,840
Directors' current accounts 750 585
Accrued expenses 1,809 2,241
102,101 96,839

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Other loans - 1-2 years 8,372 6,167
Other loans - 2-5 years 13,960 -
Hire purchase contracts 17,567 29,352
39,899 35,519

8. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax
Accelerated capital allowances 5,795 7,700

OLYMPUS BATHROOMS LIMITED (REGISTERED NUMBER: 11598266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2024 7,700
Accelerated capital allowances (1,905 )
Balance at 31 December 2024 5,795

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
2 Ordinary £1 2 2

10. RESERVES
Retained
earnings
£   

At 1 January 2024 (47,286 )
Profit for the year 101,397
Dividends (73,204 )
At 31 December 2024 (19,093 )

11. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the directors a total of £750 (2023 - £585)

This loan is interest free and has no terms attached.