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Registration number: 09586672

Tavistock Bathrooms and Tiles Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 June 2025

Tavistock Bathrooms and Tiles Limited

Contents

Statement of Financial Position | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 10

Tavistock Bathrooms and Tiles Limited

(Registration number: 09586672)
Statement of Financial Position as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 934 | 1,867
Tangible assets | 5 | 103,673 | 41,639
|  | 104,607 | 43,506
Current assets |  |  |
Stocks |  | 20,948 | 21,623
Debtors | 6 | 62,563 | 26,086
Cash at bank and in hand |  | 21,490 | 15,985
|  | 105,001 | 63,694
Creditors: Amounts falling due within one year | 7 | (211,576) | (66,672)
Net current liabilities |  | (106,575) | (2,978)
Total assets less current liabilities |  | (1,968) | 40,528
Creditors: Amounts falling due after more than one year | 7 | (254) | (21,508)
Provisions for liabilities |  | (16,249) | (4,597)
Net (liabilities)/assets |  | (18,471) | 14,423
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Profit and loss account |  | (18,571) | 14,323
Shareholders' (deficit)/funds |  | (18,471) | 14,423

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Tavistock Bathrooms and Tiles Limited

(Registration number: 09586672)
Statement of Financial Position as at 30 June 2025 (continued)

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 16 March 2026 and signed on its behalf by:

Mrs A Warnett Director

Tavistock Bathrooms and Tiles Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 8
Plymouth Road Industrial Estate
Tavistock
Devon
PL19 9QN

Principal activity

The principal activity of the company is that of the sale of bathroom equipment.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tavistock Bathrooms and Tiles Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

2 | Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Leasehold Land and buildings | 12.5% straight line
Plant and machinery | 20% reducing balance
Motor vehicles | 25% reducing balance
Computer equipment | 25% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Software development cost | 33.33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Tavistock Bathrooms and Tiles Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

2 | Accounting policies (continued)

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.
Lease payments are apportioned between finance costs in the statement of comprehensive income and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Tavistock Bathrooms and Tiles Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

2 | Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 6).

Tavistock Bathrooms and Tiles Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

4 | Intangible assets

| Software development costs £ | Total £
Cost or valuation
At 1 July 2024 | 2,800 | 2,800
At 30 June 2025 | 2,800 | 2,800
Amortisation
At 1 July 2024 | 933 | 933
Amortisation charge | 933 | 933
At 30 June 2025 | 1,866 | 1,866
Carrying amount
At 30 June 2025 | 934 | 934
At 30 June 2024 | 1,867 | 1,867

Tavistock Bathrooms and Tiles Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

5 | Tangible assets

| Long leasehold land and buildings £ | Plant and machinery £ | IT equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 July 2024 | 22,043 | 17,749 | 7,645 | 78,659 | 126,096
Additions | 2,185 | 4,530 | 2,113 | 73,136 | 81,964
Disposals | - | - | - | (14,480) | (14,480)
At 30 June 2025 | 24,228 | 22,279 | 9,758 | 137,315 | 193,580
Depreciation
At 1 July 2024 | 19,549 | 12,000 | 4,863 | 48,045 | 84,457
Charge for the year | 436 | 1,493 | 1,001 | 13,288 | 16,218
Eliminated on disposal | - | - | - | (10,768) | (10,768)
At 30 June 2025 | 19,985 | 13,493 | 5,864 | 50,565 | 89,907
Carrying amount
At 30 June 2025 | 4,243 | 8,786 | 3,894 | 86,750 | 103,673
At 30 June 2024 | 2,494 | 5,749 | 2,782 | 30,614 | 41,639

Included within the net book value of land and buildings above is £4,243 (2024 - £2,494) in respect of long leasehold land and buildings.

6 | Debtors

| Note | 2025 £ | 2024 £
Trade debtors |  | 54,386 | 14,345
Other debtors |  | - | 4,657
Prepayments |  | 6,696 | 7,084
Income tax asset |  | 1,481 | -
|  | 62,563 | 26,086

Tavistock Bathrooms and Tiles Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Loans and borrowings | 6,163 | 11,124
Trade creditors | 68,691 | 23,996
Taxation and social security | 4,896 | 9,453
Accruals and deferred income | 53,891 | 4,058
Other creditors | 77,935 | 18,041
| 211,576 | 66,672

The bounce back loan benefits from a government guarantee.
Other creditors include £nil (2024: £4,124) of hire purchase liabilities which are secured to the assets to which it relates.

Creditors: amounts falling due after more than one year

| 2025 £ | 2024 £
Due after one year |  |
Loans and borrowings | 254 | 21,508

The bounce back loan benefits from a government guarantee.
Other creditors include £nil (2024: £15,091) of hire purchase liabilities which are secured to the assets to which it relates.

Tavistock Bathrooms and Tiles Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

8 | Reserves

Profit and loss account:
This reserve records retained earnings and accumulated losses.

9 | Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

| 2025 £ | 2024 £
Not later than one year | 18,000 | 15,000
Later than one year and not later than five years | 72,000 | -
Later than five years | 36,000 | -
| 126,000 | 15,000

The amount of non-cancellable operating lease payments recognised as an expense during the year was £29,536 (2024 - £30,000).

10 | Related party transactions

Transactions with directors

2025 | At 1 July 2024 £ | Advances to director £ | Repayments by director £ | At 30 June 2025 £
Mrs A Warnett
Directors | 4,656 | 34,748 | (67,570) | (28,166)

2024 | At 1 July 2023 £ | Advances to director £ | At 30 June 2024 £
Mrs A Warnett
Directors | (1,160) | 5,816 | 4,656

11 | Dividends

At the time the dividend was paid the directors were not aware that there were insufficient profits available for distribution and the directors acknowledge that no further distributions can be made until there are sufficient profits available for that purpose.