REGISTERED NUMBER: 07858670 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Kitchen & Bathroom Creations Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J.P. Holland

P. Holland

REGISTERED OFFICE:

Unit 10

Sunnyside Park

Wheatfield Way

Hinckley

Leicestershire

LE10 1PJ

REGISTERED NUMBER:

07858670 (England and Wales)

ACCOUNTANTS:

James, Stanley & Co. Limited

1,733 Coventry Road

South Yardley

Birmingham

West Midlands

B26 1DT

FIXED ASSETS

Property, plant and equipment

5

26,114

32,895

CURRENT ASSETS

Inventories

6

14,870

17,818

Debtors

7

360,060

386,319

Cash at bank

7,823

64,471

382,753

468,608

CREDITORS

Amounts falling due within one year

8

149,312

189,062

NET CURRENT ASSETS

233,441

279,546

TOTAL ASSETS LESS CURRENT LIABILITIES

259,555

312,441

CREDITORS

Amounts falling due after more than one year

9

(16,899

)

(22,522

)

PROVISIONS FOR LIABILITIES

(4,867

)

(6,456

)

NET ASSETS

237,789

283,463

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

237,689

283,363

SHAREHOLDERS' FUNDS

237,789

283,463

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.

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 Board of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by:

J.P. Holland - Director

1.	STATUTORY INFORMATION

Kitchen & Bathroom Creations 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.

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. There were no material departures from that accounting standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Revenue 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 each asset over its estimated useful life.

Improvement to leasehold

-

over the term of the lease

Display fixtures

-

33% on cost

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Inventories 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.

Loans from directors

As a small entity the company measures a basic financial liability that are loans from directors at transaction price.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Improvement

Fixtures

to

Display

and

leasehold

fixtures

fittings

£

£

£

COST

At 1 January 2024

7,110

101,665

6,480

Additions

-

5,834

-

Disposals

-

-

-

At 31 December 2024

7,110

107,499

6,480

DEPRECIATION

At 1 January 2024

7,110

96,398

4,853

Charge for year

-

6,359

325

Eliminated on disposal

-

-

-

At 31 December 2024

7,110

102,757

5,178

NET BOOK VALUE

At 31 December 2024

-

4,742

1,302

At 31 December 2023

-

5,267

1,627

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

65,738

2,763

183,756

Additions

-

-

5,834

Disposals

(1,167

)

(584

)

(1,751

)

At 31 December 2024

64,571

2,179

187,839

DEPRECIATION

At 1 January 2024

39,908

2,592

150,861

Charge for year

5,017

161

11,862

Eliminated on disposal

(420

)

(578

)

(998

)

At 31 December 2024

44,505

2,175

161,725

NET BOOK VALUE

At 31 December 2024

20,066

4

26,114

At 31 December 2023

25,830

171

32,895

6.	INVENTORIES

31.12.24

31.12.23

£

£

Stocks

14,870

17,818

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

2,704

18,875

Amounts owed by group undertakings

336,995

355,965

Other debtors

1,926

1,926

Prepayments and accrued income

18,435

9,553

360,060

386,319

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

9,886

9,998

Trade creditors

24,471

14,494

Tax

17,778

53,841

Social security and other taxes

32,902

38,993

Other creditors

29,649

32,532

Directors' current accounts

22,787

26,819

Accruals and deferred income

11,839

12,385

149,312

189,062

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

16,899

22,522

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.24

31.12.23

£

£

Within one year

16,383

22,445

Between one and five years

-

16,383

16,383

38,828

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

26,785

32,520

Santander UK plc hold a fixed and floating charge as security against the company's bank borrowings and a legal charge over 5-7 Lutterworth Road, Nuneaton, CV11 4LD dated 20 December 2019.

Barclays Security Trustee Limited hold a fixed and floating charge dated 7 February 2022 as security against the company's bank borrowings.

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

13.	CAPITAL COMMITMENTS

31.12.24

31.12.23

£

£

Contracted but not provided for in the

financial statements

-

-

14.	RELATED PARTY DISCLOSURES

In the year under review the company paid interim dividends of £100,000 to a parent undertaking.

Loans regarding group undertakings are interest free with no specific repayment terms.

Loans with key management personnel are unsecured and bear interest at 4% with no specific repayment terms.