Registered number
11235907
CGT Bathroom Solutions Limited
Filleted Accounts
31 March 2025
CGT Bathroom Solutions Limited
Registered number: 11235907
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 46,678 7,703
Current assets
Debtors 4 38,513 35,934
Cash at bank and in hand 217,639 245,347
256,152 281,281
Creditors: amounts falling due within one year 5 (112,605) (114,718)
Net current assets 143,547 166,563
Total assets less current liabilities 190,225 174,266
Provisions for liabilities (11,670) (1,926)
Net assets 178,555 172,340
Capital and reserves
Called up share capital 2 2
Profit and loss account 178,553 172,338
Shareholders' funds 178,555 172,340
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C Taylor
Director
Approved by the board on 12.08.25
CGT Bathroom Solutions Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment & Vehicles over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Equipment Motor vehicles Total
£ £ £
Cost
At 1 April 2024 11,629 36,900 48,529
Additions 1,379 55,980 57,359
Disposals - (25,000) (25,000)
At 31 March 2025 13,008 67,880 80,888
Depreciation
At 1 April 2024 9,878 30,948 40,826
Charge for the year 1,411 16,971 18,382
On disposals - (24,998) (24,998)
At 31 March 2025 11,289 22,921 34,210
Net book value
At 31 March 2025 1,719 44,959 46,678
At 31 March 2024 1,751 5,952 7,703
4 Debtors 2025 2024
£ £
Other debtors 38,513 35,934
5 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 38,262 66,639
Other creditors 74,343 48,079
112,605 114,718
6 Other information
CGT Bathroom Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
20 John Hibbard Avenue
Sheffield
S13 9UU
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