Rothwell Tiles & Bathrooms Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

1. General Information

Rothwell Tiles & Bathrooms Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 6101260 . The registered office is 268 Rockingham Road, Kettering, Northants, NN16 9AN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% Reducing balance
Fixtures & Fittings	25% Reducing balance
Computer Equipment	25% Reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Rothwell Tiles & Bathrooms Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2026	2025
Office and administration	1	1

	1	1

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 May 2025	74,649	5,176	749	80,574
Disposals	(12,750 )	-	-	(12,750 )

As at 30 April 2026	61,899	5,176	749	67,824

Depreciation
As at 1 May 2025	33,802	4,948	199	38,949
Provided during the period	9,350	57	138	9,545
Disposals	(9,304 )	-	-	(9,304 )

As at 30 April 2026	33,848	5,005	337	39,190

Net Book Value
As at 30 April 2026	28,051	171	412	28,634

As at 1 May 2025	40,847	228	550	41,625

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Rothwell Tiles & Bathrooms Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

5. Stocks

	2026	2025
	£	£
Stock	2,800	3,000

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	6,948	6,948
Trade creditors	10,569	11,696
Corporation tax	25,902	5,715
Other taxes and social security	286	656
VAT	21,627	10,405

	65,332	35,420

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	25,241	28,605
Bank loans	22,685	28,089

	47,926	56,694

8. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	6,948	6,948
Later than one year and not later than five years	25,241	28,605

	32,189	35,553

	32,189	35,553

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

10. Financial Instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Debtors and creditors that fall due within one year are recorded in the financial statements at transaction price and do not carry interest and as such are stated at their nominal value, less any impairment on debtors

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		28,634		41,625

			28,634		41,625
CURRENT ASSETS
Stocks	5	2,800		3,000
Cash at bank and in hand		125,140		72,149

		127,940		75,149
Creditors: Amounts Falling Due Within One Year	6	(65,332 )		(35,420 )

NET CURRENT ASSETS (LIABILITIES)			62,608		39,729

TOTAL ASSETS LESS CURRENT LIABILITIES			91,242		81,354

Creditors: Amounts Falling Due After More Than One Year	7		(47,926 )		(56,694 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(374 )		(1,665 )

NET ASSETS			42,942		22,995

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			42,842		22,895

SHAREHOLDERS' FUNDS			42,942		22,995