REGISTERED NUMBER: 07625614 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2025

for

Clifton Boutique Bathrooms Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K J Marcer

M J Marcer

REGISTERED OFFICE:

Lennox House

3 Pierrepont Street

Bath

Somerset

BA1 1LB

REGISTERED NUMBER:

07625614 (England and Wales)

FIXED ASSETS

Tangible assets

4

106,987

99,915

CURRENT ASSETS

Debtors

5

423,305

380,117

Cash at bank and in hand

13,554

13,555

436,859

393,672

CREDITORS

Amounts falling due within one year

6

452,792

505,915

NET CURRENT LIABILITIES

(15,933

)

(112,243

)

TOTAL ASSETS LESS CURRENT LIABILITIES

91,054

(12,328

)

CREDITORS

Amounts falling due after more than one year

7

-

(10,000

)

PROVISIONS FOR LIABILITIES

(26,545

)

(24,979

)

NET ASSETS/(LIABILITIES)

64,509

(47,307

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

64,409

(47,407

)

64,509

(47,307

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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 20 May 2026 and were signed on its behalf by:

K J Marcer - Director

1.	STATUTORY INFORMATION

Clifton Boutique Bathrooms 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.

Going concern

The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business , and is shown net of VAT and other sales related taxes . The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods) , the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of

depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over

their useful lives on the following bases:

Leasehold improvements - 15% of cost

Office equipment - 25% of cost

Motor vehicles - 25% of cost

Displays are revalued on an annual basis by the directors of the company at retail value, excluding VAT, less 50%.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Short

Computer

leasehold

Displays

equipment

Totals

£

£

£

£

COST OR VALUATION

At 1 June 2024

37,859

83,982

12,819

134,660

Additions

808

2,761

6,685

10,254

At 31 May 2025

38,667

86,743

19,504

144,914

DEPRECIATION

At 1 June 2024

23,840

-

10,905

34,745

Charge for year

2,274

-

908

3,182

At 31 May 2025

26,114

-

11,813

37,927

NET BOOK VALUE

At 31 May 2025

12,553

86,743

7,691

106,987

At 31 May 2024

14,019

83,982

1,914

99,915

Cost or valuation at 31 May 2025 is represented by:

Short

Computer

leasehold

Displays

equipment

Totals

£

£

£

£

Valuation in 2018

-

293

-

293

Valuation in 2020

-

11,240

-

11,240

Valuation in 2023

-

(11,533

)

-

(11,533

)

Cost

38,667

86,743

19,504

144,914

38,667

86,743

19,504

144,914

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

10,480

7,903

Tax on loans to participators

105,398

95,151

Directors' current accounts

307,427

277,063

423,305

380,117

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

34,083

40,434

Tax

40,324

41,734

Social security and other taxes

12,549

15,997

Net wages

600

1,021

VAT

18,292

23,582

Payments on account

182,357

206,987

Intercompany creditor

114,062

102,520

Credit card

25,443

48,464

Accruals and deferred income

15,082

15,176

452,792

505,915

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

-

10,000

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2025 and 31 May 2024:

2025

2024

£

£

K J Marcer

Balance outstanding at start of year

138,532

135,418

Amounts advanced

15,494

3,348

Amounts repaid

(312

)

(234

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

153,714

138,532

M J Marcer

Balance outstanding at start of year

138,532

135,418

Amounts advanced

15,494

3,348

Amounts repaid

(312

)

(234

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

153,714

138,532