Registration number: 05687277

Bathtime (North West) Ltd.

Contents

Company Information	1
Statement of Financial Position	2
Notes to the Unaudited Financial Statements	3 to 11

Bathtime (North West) Ltd.

Company Information

Directors

Mr P Liley Mr S R Brown Ms MM Goggins

Company secretary

Mrs D M Brown

Registered office

Unit 2D Northgate White Lund Industrial Estate Morecambe Lancashire LA3 3PA

Accountants

McDade Roberts Accountants Ltd Chartered Accountants316 Blackpool Road Preston Lancashire PR2 3AE

Bathtime (North West) Ltd.

(Registration number: 05687277)
Statement of Financial Position as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	8,770	11,783
Current assets
Stocks		232,179	253,561
Debtors	6	21,866	43,193
Cash at bank and in hand		126,772	228,836
		380,817	525,590
Creditors: Amounts falling due within one year	7	(225,591)	(362,796)
Net current assets		155,226	162,794
Total assets less current liabilities		163,996	174,577
Creditors: Amounts falling due after more than one year	7	-	(10,239)
Provisions for liabilities		(2,192)	(2,946)
Net assets		161,804	161,392
Capital and reserves
Called up share capital		105	105
Retained earnings		161,699	161,287
Shareholders' funds		161,804	161,392

For the financial year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 Income Statement.

Approved and authorised by the Board on 6 May 2026 and signed on its behalf by:
 

......................................... Mr P Liley Director

Bathtime (North West) Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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 2D Northgate
White Lund Industrial Estate
Morecambe
Lancashire
LA3 3PA

These financial statements were authorised for issue by the Board on 6 May 2026.

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 except that as disclosed in the accounting policies certain items are shown at fair value.

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 sales/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.

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.

Bathtime (North West) Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

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
Plant and Machinery	20% on cost
Fixtures and Fittings	20% on cost
Motor Vehicles	20% on cost
Office Equipment	33.3% on cost

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

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
Website	33% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, 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.

Bathtime (North West) Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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 income statement 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.

Bathtime (North West) Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

2	Accounting policies (continued)

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 income statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2024 - 9).

Bathtime (North West) Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

4	Intangible assets

	Goodwill  £	Website  £	Total £
Cost or valuation
At 1 January 2025	20,000	5,599	25,599
At 31 December 2025	20,000	5,599	25,599
Amortisation
At 1 January 2025	20,000	5,599	25,599
At 31 December 2025	20,000	5,599	25,599
Carrying amount
At 31 December 2025	-	-	-

5	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Office equipment £	Motor vehicles  £
Cost or valuation
At 1 January 2025	66,566	6,563	9,697	38,118
Additions	-	-	3,140	-
At 31 December 2025	66,566	6,563	12,837	38,118
Depreciation
At 1 January 2025	66,566	5,378	9,697	27,520
Charge for the year	-	592	262	5,299
At 31 December 2025	66,566	5,970	9,959	32,819
Carrying amount
At 31 December 2025	-	593	2,878	5,299
At 31 December 2024	-	1,185	-	10,598

Bathtime (North West) Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

5	Tangible assets (continued)

	Total £
Cost or valuation
At 1 January 2025	120,944
Additions	3,140
At 31 December 2025	124,084
Depreciation
At 1 January 2025	109,161
Charge for the year	6,153
At 31 December 2025	115,314
Carrying amount
At 31 December 2025	8,770
At 31 December 2024	11,783

Included in Motor Vehicles is an asset with initial cost of £26,495 and Net Book Value as at 31st December 2025 of £5,299 which is held under a hire purchase contract.

Bathtime (North West) Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

6

Debtors

Current	2025 £	2024 £
Trade debtors	16,051	35,549
Prepayments	4,463	2,984
Other debtors	1,352	4,660
	21,866	43,193

Bathtime (North West) Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	10,239	16,624
Trade creditors		49,737	125,772
Taxation and social security		66,889	91,055
Accruals and deferred income		12,160	19,913
Other creditors		86,566	109,432
		225,591	362,796

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	-	10,239

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	4,167
Hire purchase contracts	-	6,072
	-	10,239

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	4,167	10,000
Hire purchase contracts	6,072	6,624
	10,239	16,624

The Bank Borrowing is a Bank Loan which the UK Government have provided a 100% guarantee on the Bounce Back Loan Scheme (BBLS), borrowings obtained from Barclays PLC.

Bathtime (North West) Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

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	30,484	38,912
Later than one year and not later than five years	18,360	56,472
	48,844	95,384

10	Related party transactions

The company had an outstanding debtor balance of £2,159 and an outstanding creditor balance of £405 at the year end date to a company with common directors. The sale and purchases made between the 2 companies are on arms length commercial terms. The 2024 year end debtor and creditor balances were £17,977 and £3,398 respectively.