REGISTERED NUMBER: NI610576 (Northern Ireland)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

BFI Bathrooms for Ireland Limited

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

8

DIRECTOR:

S N Turnbull

REGISTERED OFFICE:

Moira Industrial Estate

34 Old Kilmore Road

Moira

Co. Armagh

BT67 0LZ

REGISTERED NUMBER:

NI610576 (Northern Ireland)

ACCOUNTANTS:

Lynn Drake & Co Ltd

Chartered Accountants

1st Floor

34 B-D Main Street

Moira

Co. Armagh

BT67 0LE

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

26,097

7,130

26,097

7,130

CURRENT ASSETS

Stocks

7

45,980

31,430

Debtors

8

46,561

59,616

Cash at bank and in hand

322,564

321,100

415,105

412,146

CREDITORS

Amounts falling due within one year

9

171,034

195,005

NET CURRENT ASSETS

244,071

217,141

TOTAL ASSETS LESS CURRENT LIABILITIES

270,168

224,271

CREDITORS

Amounts falling due after more than one year

10

(10,833

)

-

PROVISIONS FOR LIABILITIES

11

(6,524

)

(1,783

)

NET ASSETS

252,811

222,488

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

252,711

222,388

SHAREHOLDERS' FUNDS

252,811

222,488

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 September 2025 and were signed by:

S N Turnbull - Director

1.	STATUTORY INFORMATION

BFI Bathrooms for Ireland Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

20% on Reducing Balance

Motor Vehicles

-

25% on Reducing Balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

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

Financial instruments

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment ar recognised in the profit and loss account in other administrative expenses.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

50,000

AMORTISATION

At 1 January 2024

and 31 December 2024

50,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

6.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

Vehicles

Totals

£

£

£

COST

At 1 January 2024

3,003

31,341

34,344

Additions

-

27,436

27,436

At 31 December 2024

3,003

58,777

61,780

DEPRECIATION

At 1 January 2024

2,008

25,206

27,214

Charge for year

76

8,393

8,469

At 31 December 2024

2,084

33,599

35,683

NET BOOK VALUE

At 31 December 2024

919

25,178

26,097

At 31 December 2023

995

6,135

7,130

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

Vehicles

£

COST

At 1 January 2024

16,500

Additions

27,436

Transfer to ownership

(16,500

)

At 31 December 2024

27,436

DEPRECIATION

At 1 January 2024

11,824

Charge for year

8,028

Transfer to ownership

(12,993

)

At 31 December 2024

6,859

NET BOOK VALUE

At 31 December 2024

20,577

At 31 December 2023

4,676

7.

STOCKS

31.12.24

31.12.23

£

£

Stocks

45,980

31,430

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

41,665

54,409

Prepayments

4,896

5,207

46,561

59,616

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

5,000

1,342

Trade creditors

97,633

116,205

Tax

9,698

20,156

Social security and other taxes

648

780

Pension

316

322

VAT

24,981

2,477

Other creditors

-

458

Directors' current accounts

30,458

51,115

Accrued expenses

2,300

2,150

171,034

195,005

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

10,833

-

11.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

Accelerated capital allowances

6,524

1,783

Deferred

tax

£

Balance at 1 January 2024

1,783

Charge to Statement of Income and Retained Earnings during year

4,741

Balance at 31 December 2024

6,524

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100