Company Registration No. 6497873 (England and Wales)
Bathroom Bubbles Limited
Unaudited accounts
for the year ended 31 March 2021
Bathroom Bubbles Limited
Unaudited accounts
Contents
Bathroom Bubbles Limited
Company Information
for the year ended 31 March 2021
Directors
G S Longani
R S Longani
Company Number
6497873 (England and Wales)
Registered Office
Unit 5, Pennington Close
West Bromwich
B70 8BG
United Kingdom
Accountants
Evenstone Ltd
Boston House
Downsview Road
Wantage
Oxfordshire
OX12 9FF
Bathroom Bubbles Limited
Statement of financial position
as at 31 March 2021
Intangible assets
32,965
-
Tangible assets
58,766
58,845
Inventories
828,178
627,286
Cash at bank and in hand
220,748
184,758
Creditors: amounts falling due within one year
(926,733)
(779,293)
Net current assets
758,904
414,486
Total assets less current liabilities
850,635
473,331
Creditors: amounts falling due after more than one year
(450,000)
(330,351)
Provisions for liabilities
Deferred tax
(8,746)
(9,293)
Net assets
391,889
133,687
Called up share capital
300
300
Profit and loss account
391,589
133,387
Shareholders' funds
391,889
133,687
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2021 and were signed on its behalf by
R S Longani
Director
Company Registration No. 6497873
Bathroom Bubbles Limited
Notes to the Accounts
for the year ended 31 March 2021
Bathroom Bubbles Limited is a private company, limited by shares, registered in England and Wales, registration number 6497873. The registered office is Unit 5, Pennington Close , West Bromwich, B70 8BG, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line / 15% reducing balance
Motor vehicles
15% reducing balance
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 items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Bathroom Bubbles Limited
Notes to the Accounts
for the year ended 31 March 2021
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Charge for the year
32,965
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2020
104,006
31,097
135,103
Additions
27,640
26,549
54,189
Disposals
-
(31,097)
(31,097)
At 31 March 2021
131,646
26,549
158,195
At 1 April 2020
67,629
8,629
76,258
Charge for the year
22,950
8,850
31,800
On disposals
-
(8,629)
(8,629)
At 31 March 2021
90,579
8,850
99,429
At 31 March 2021
41,067
17,699
58,766
At 31 March 2020
36,377
22,468
58,845
Bathroom Bubbles Limited
Notes to the Accounts
for the year ended 31 March 2021
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
612,982
367,977
Accrued income and prepayments
23,729
13,758
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
512,821
535,155
Trade creditors
129,519
186,276
Taxes and social security
256,786
54,486
Other creditors
27,607
3,376
8
Creditors: amounts falling due after more than one year
2021
2020
Bank loans
450,000
265,964
Allotted, called up and fully paid:
300 Ordinary shares of £1 each
300
300
10
Average number of employees
During the year the average number of employees was 13 (2020: 7).
