IBATHROOM SOLUTIONS LTD - Filleted accounts

IBATHROOM SOLUTIONS LTD
Registered number:		08128639
Balance Sheet
as at 31 July 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		3,436			4,605

Current assets
Stocks		3,500			5,980
Debtors	4	3,038			1,377
Cash at bank and in hand		48,747			32,865
		55,285			40,222

Creditors: amounts falling due within one year	5	(57,095)			(43,374)

Net current liabilities			(1,810)			(3,152)

Total assets less current liabilities			1,626			1,453


Provisions for liabilities			(653)			(875)


Net assets			973			578

Capital and reserves
Called up share capital			3			3
Profit and loss account			970			575

Shareholders' funds			973			578

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.




S P Barrett
Director
Approved by the board on 23 September 2025

IBATHROOM SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 July 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.

	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:

	Computer equipment			25% straight line
	Tools and equipment			10% reducing balance
	Motor vehicles			25% reducing balance

	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					3		3


3	Tangible fixed assets
		Computer equipment		Tools and equipment		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 August 2024	11,737		2,995		25,755		40,487
	Additions	833		-		-		833
	Disposals	-		-		(4,000)		(4,000)
	At 31 July 2025	12,570		2,995		21,755		37,320

	Depreciation
	At 1 August 2024	11,521		1,648		22,713		35,882
	Charge for the year	424		135		197		756
	On disposals	-		-		(2,754)		(2,754)
	At 31 July 2025	11,945		1,783		20,156		33,884

	Net book value
	At 31 July 2025	625		1,212		1,599		3,436
	At 31 July 2024	216		1,347		3,042		4,605




4	Debtors					2025		2024
£							£

	Other debtors					3,038		1,377


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					30,532		16,397
	Corporation tax					8,994		10,386
	Other taxes and social security costs					8,681		2,078
	Other creditors					8,888		14,513
						57,095		43,374


6	Other information

	IBATHROOM SOLUTIONS LTD is a private company limited by shares and incorporated in England. Its registered office is:
	105 Redbrook Road
	Barnsley
	South Yorkshire
	S75 2RG