ESP Bathrooms Limited - Filleted accounts

Registered number

02620316

ESP Bathrooms Limited

Unaudited Filleted Accounts

31 July 2025

ESP Bathrooms Limited
Registered number:		02620316
Balance Sheet
as at 31 July 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		243,924			269,491

Current assets
Stocks		-			328,429
Debtors	4	667,602			639,489
Cash at bank and in hand		134,555			82,070
		802,157			1,049,988

Creditors: amounts falling due within one year	5	(626,190)			(1,366,191)

Net current assets/(liabilities)			175,967			(316,203)

Total assets less current liabilities			419,891			(46,712)

Creditors: amounts falling due after more than one year	6		(8,334)			(18,333)



Net assets/(liabilities)			411,557			(65,045)

Capital and reserves
Called up share capital			925,400			675,400
Share premium			19,900			19,900
Profit and loss account			(533,743)			(760,345)

Shareholders' funds			411,557			(65,045)

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.


Mr A Bhayat
Director
Approved by the board on 28 March 2026

ESP Bathrooms Limited
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 (as applied to small entities by section 1A of the standard).

	Going concern
	At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

	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:

	Plant and machinery			20% reducing balance and straight line
	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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					16		43


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 August 2024	143,225		2,719,958		167,227		3,030,410
	At 31 July 2025	143,225		2,719,958		167,227		3,030,410

	Depreciation
	At 1 August 2024	-		2,599,958		160,961		2,760,919
	Charge for the year	-		24,000		1,567		25,567
	At 31 July 2025	-		2,623,958		162,528		2,786,486

	Net book value
	At 31 July 2025	143,225		96,000		4,699		243,924
	At 31 July 2024	143,225		120,000		6,266		269,491


4	Debtors					2025		2024
£							£

	Trade debtors					234,457		311,868
	Amounts due from related party					424,896		311,980
	Other debtors					8,249		15,641
						667,602		639,489


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

	Amounts owed to related party					-		175,325
	Trade creditors					325,934		849,900
	Taxation and social security costs					117,609		62,838
	Other creditors					182,647		278,128
						626,190		1,366,191


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					8,334		18,333


7	Events after the reporting date

	Post year end the company made changes to the core business and closed its retail outlets. The company continued to trade.


8	Related party transactions
						2025		2024
£							£
	Tristone Projects Limited
	Trading - Mr A Bhayat is a Director/Shareholder of both entities

	Amount due from the related party					352,400		311,980

	Schultz Medical (UK) Ltd/A Bhayat Loan
	Mr A Bhayat is a Director/Shareholder of both entities

	Amount (to) due from the related party					72,496		(175,325)

9	Controlling party

	A Bhayat Holdings Limited is the ultimate controlling party of the company by virtue of its majority shareholding in the issued share capital of the company. During the year Schultz Medical (UK) Ltd become a shareholder in the company and by virture of the share shareholding is a PSC of the company.

10	Share Capital

	During the year under review 250,000 £1 redeemable non-voting preference shares were issued and allotted. B/fwd - At 01.08.24 - £675,400 Additions - £250,000 C/Fwd - At 31.07.25 - £925,400

11	Other information

	ESP Bathrooms Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Thorn Buildings
	Kent Street
	Preston
	Lancashire
	PR1 1RP