REGISTERED NUMBER: 05967948 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

BATHWISE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

V Bhimji

S Kara

SECRETARY:

V Bhimji

REGISTERED OFFICE:

265-271 Northfield Avenue,

London,

W5 4UA

REGISTERED NUMBER:

05967948 (England and Wales)

ACCOUNTANTS:

Soneji & Co Ltd

20 egerton Close,

Pinner

Middlesex

HA5 2LP

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

6,421

12,253

Investments

6

97,877

89,548

104,299

101,802

CURRENT ASSETS

Stocks

87,000

57,000

Debtors

7

518,193

518,789

Cash at bank and in hand

37,321

37,569

642,514

613,358

CREDITORS

Amounts falling due within one year

8

370,777

328,729

NET CURRENT ASSETS

271,737

284,629

TOTAL ASSETS LESS CURRENT LIABILITIES

376,036

386,431

CREDITORS

Amounts falling due after more than one year

9

(10,752

)

(21,277

)

PROVISIONS FOR LIABILITIES

(1,605

)

(3,063

)

NET ASSETS

363,679

362,091

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

363,579

361,991

SHAREHOLDERS' FUNDS

363,679

362,091

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 25 September 2025 and were signed on its behalf by:

V Bhimji - Director

S Kara - Director

1.	STATUTORY INFORMATION

BATHWISE 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.

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 0, is being amortised evenly over its estimated useful life of nil 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.

Plant and machinery etc

-

20% on cost and 15% on cost

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.

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 6 (2023 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

1

NET BOOK VALUE

At 31 December 2024

1

At 31 December 2023

1

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

17,500

155,616

173,116

DEPRECIATION

At 1 January 2024

17,500

143,363

160,863

Charge for year

-

5,832

5,832

At 31 December 2024

17,500

149,195

166,695

NET BOOK VALUE

At 31 December 2024

-

6,421

6,421

At 31 December 2023

-

12,253

12,253

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

89,548

Additions

8,329

At 31 December 2024

97,877

NET BOOK VALUE

At 31 December 2024

97,877

At 31 December 2023

89,548

The above are listed investments and the market value was £124,696 at the end of the year.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

8,767

15,889

Amounts owed by group undertakings

447,350

457,350

Other debtors

62,076

45,550

518,193

518,789

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

18,642

9,449

Trade creditors

283,220

236,536

Taxation and social security

24,648

49,663

Other creditors

44,267

33,081

370,777

328,729

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

10,752

21,277

10.	RELATED PARTY DISCLOSURES

The company was under the control of Mr. V Bhimji and Mr. S Kara, the directors of the company, throughout the current and previous year.

Mr. Bhimji, Mr. Kara and their family members own 100% share capital of the company.

The company has paid rent of £12,000 (2023: 2000) to KBRS Ltd., a company under the common control of the directors.

No other transactions with related parties were undertaken such as required to be disclosed under the Financial Reporting Standard 8.