REGISTERED NUMBER: 04162620 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Bath Time Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Malone

REGISTERED OFFICE:

140 Wollaton Road

Beeston

Nottingham

Nottinghamshire

NG9 2PE

REGISTERED NUMBER:

04162620 (England and Wales)

ACCOUNTANTS:

Clayton & Brewill

Chartered Accountants

Cawley House

149-155 Canal Street

Nottingham

Nottinghamshire

NG1 7HR

FIXED ASSETS

Tangible assets

4

144,867

149,139

Investment property

5

150,000

150,000

294,867

299,139

CURRENT ASSETS

Stocks

31,200

32,165

Debtors

6

16,907

44,467

Prepayments and accrued income

660

1,061

Cash at bank and in hand

302

7,069

49,069

84,762

CREDITORS

Amounts falling due within one year

7

194,554

214,763

NET CURRENT LIABILITIES

(145,485

)

(130,001

)

TOTAL ASSETS LESS CURRENT LIABILITIES

149,382

169,138

CREDITORS

Amounts falling due after more than one year

8

(77,953

)

(100,219

)

PROVISIONS FOR LIABILITIES

(3,482

)

(3,862

)

ACCRUALS AND DEFERRED INCOME

(9,090

)

(7,102

)

NET ASSETS

58,857

57,955

CAPITAL AND RESERVES

Called up share capital

10

100

100

Revaluation reserve

11

51,743

51,743

Retained earnings

7,014

6,112

SHAREHOLDERS' FUNDS

58,857

57,955

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 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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 September 2025 and were signed by:

J Malone - Director

1.	STATUTORY INFORMATION

Bath Time 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

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 as modified by the revaluation of certain assets.

Turnover

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

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold property

-

2% on cost ( freehold buildings only)

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% reducing balance

Computer equipment

-

25% per annum straight line

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

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

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

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 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

178,500

921

18,079

1,022

198,522

DEPRECIATION

At 1 January 2024

37,348

611

10,452

972

49,383

Charge for year

2,270

46

1,906

50

4,272

At 31 December 2024

39,618

657

12,358

1,022

53,655

NET BOOK VALUE

At 31 December 2024

138,882

264

5,721

-

144,867

At 31 December 2023

141,152

310

7,627

50

149,139

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

150,000

NET BOOK VALUE

At 31 December 2024

150,000

At 31 December 2023

150,000

The investment property was revalued by the director on 31 December 2022 and he considers that this still represents the fair value of the property at 31 December 2024. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

Fair value at 31 December 2024 is represented by:

£

Valuation in 2015

11,743

Valuation in 2022

40,000

Cost

98,257

150,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

16,154

43,714

Other debtors

753

753

16,907

44,467

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

22,394

20,800

Hire purchase contracts

1,221

5,290

Trade creditors

44,145

79,439

Taxation and social security

6,879

7,931

Other creditors

119,915

101,303

194,554

214,763

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

77,953

98,998

Hire purchase contracts

-

1,221

77,953

100,219

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

24,826

35,871

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank overdraft

1,594

-

Bank loans

98,753

119,798

Hire purchase contracts

1,221

6,511

101,568

126,309

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

51,743