| PREMIER BATHROOM PRODUCTS LIMITED |
| Registered number: |
06777206 |
| Balance Sheet |
| as at 31 March 2026 |
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| Notes |
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2026 |
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|
2025 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
70,901 |
|
|
104,355 |
|
| Current assets |
| Stocks |
|
|
667,418 |
|
|
636,705 |
| Debtors |
4 |
|
2,633,540 |
|
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1,382,559 |
| Cash at bank and in hand |
|
|
63,313 |
|
|
318,732 |
|
|
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3,364,271 |
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2,337,996 |
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| Creditors: amounts falling due within one year |
5 |
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(1,751,673) |
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(865,192) |
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| Net current assets |
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1,612,598 |
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1,472,804 |
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| Total assets less current liabilities |
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1,683,499 |
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1,577,159 |
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| Provisions for liabilities |
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(1,700) |
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(8,600) |
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| Net assets |
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1,681,799 |
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1,568,559 |
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| Capital and reserves |
| Called up share capital |
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|
60 |
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60 |
| Capital redemption reserve |
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|
60 |
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|
60 |
| Profit and loss account |
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1,681,679 |
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1,568,439 |
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| Shareholders' funds |
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1,681,799 |
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1,568,559 |
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| 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. |
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| S J Hambleton |
| Director |
| Approved by the board on 14 October 2026 |
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| PREMIER BATHROOM PRODUCTS LIMITED |
| Notes to the Accounts |
| for the year ended 31 March 2026 |
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| 1 |
Accounting policies |
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Basis of preparation |
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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). |
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Turnover |
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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. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less accumulated depreciation less estimated residual value, of each asset
over its expected useful life, as follows: |
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Plant and machinery |
25% reducing balance |
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Fixtures, fittings, tools and equipment |
25% reducing balance |
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Motor vehicles |
33% reducing balance |
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Stocks |
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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. |
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Debtors |
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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. |
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Creditors |
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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. |
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Taxation |
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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. |
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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Leased assets |
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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. |
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Pensions |
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Contributions to defined contribution plans are expensed in the period to which they relate. |
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| 2 |
Employees |
2026 |
|
2025 |
| Number |
Number |
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Average number of persons employed by the company |
16 |
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16 |
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| 3 |
Tangible fixed assets |
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Plant and machinery etc |
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Motor vehicles |
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Total |
| £ |
£ |
£ |
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Cost |
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At 1 April 2025 |
76,519 |
|
226,171 |
|
302,690 |
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At 31 March 2026 |
76,519 |
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226,171 |
|
302,690 |
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Depreciation |
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At 1 April 2025 |
64,225 |
|
134,110 |
|
198,335 |
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Charge for the year |
3,074 |
|
30,380 |
|
33,454 |
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At 31 March 2026 |
67,299 |
|
164,490 |
|
231,789 |
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Net book value |
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At 31 March 2026 |
9,220 |
|
61,681 |
|
70,901 |
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At 31 March 2025 |
12,294 |
|
92,061 |
|
104,355 |
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| 4 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
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Trade debtors |
1,478,244 |
|
741,374 |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
1,124,000 |
|
- |
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Other debtors |
31,296 |
|
641,185 |
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2,633,540 |
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1,382,559 |
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Amounts due after more than one year included above |
1,124,000 |
|
350,000 |
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| 5 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
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Bank loans and overdrafts |
700,150 |
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- |
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Trade creditors |
915,009 |
|
718,391 |
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Taxation and social security costs |
99,531 |
|
122,346 |
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Other creditors |
36,983 |
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24,455 |
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1,751,673 |
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865,192 |
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| 6 |
Loans |
2026 |
|
2025 |
| £ |
£ |
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Creditors include: |
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Secured loans |
700,150 |
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- |
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The loans are is secured over the assets of the company. |
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| 7 |
Other financial commitments |
2026 |
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2025 |
| £ |
£ |
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Total future minimum payments under non-cancellable operating leases |
|
48,777 |
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139,123 |
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| 8 |
Loans to/(from) directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
S J Hambleton |
|
Interest free loan repaid on 1 April 2025 |
127,000 |
|
- |
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(127,000) |
|
- |
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D M Kelliher |
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Interest free loan repaid on 1 April 2025 |
127,000 |
|
- |
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(127,000) |
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- |
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254,000 |
|
- |
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(254,000) |
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- |
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| 9 |
Controlling party |
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The immediate parent company is Azoria Capital (5) Limited, a company registered in England and Wales with registered office Pear Tree Farm, Bomish Lane, Blackden, Cheshire, CW4 8DA. There is no controlling party of this company. |
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| 10 |
Other information |
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PREMIER BATHROOM PRODUCTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
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Unit C2 Fleming Centre |
|
Fleming Way |
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Crawley |
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West Sussex |
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RH10 9NN |