Bikini Bathrooms Limited Filleted accounts for Companies House (small and micro)
Bikini Bathrooms Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
05296537
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Abridged Financial Statements |
Year ended 31 March 2023
Contents |
Page |
Chartered accountants report to the board of directors on the preparation of the unaudited statutory abridged financial statements |
1 |
Abridged statement of financial position |
2 |
Notes to the abridged financial statements |
4 |
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Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements of
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Year ended 31 March 2023
Midway House
Staverton Technology Park
Herrick Way, Staverton
Cheltenham, Glos.
GL51 6TQ
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Abridged Statement of Financial Position |
2023 |
2022 |
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Note |
£ |
£ |
Fixed assets
Intangible assets |
5 |
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Tangible assets |
6 |
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-------- |
--------- |
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Current assets
Stocks |
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Debtors |
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Cash at bank and in hand |
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--------- |
--------- |
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Creditors: amounts falling due within one year |
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--------- |
--------- |
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Net current (liabilities)/assets |
(
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-------- |
--------- |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
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-------- |
--------- |
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Net assets |
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-------- |
--------- |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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-------- |
-------- |
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Shareholders funds |
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-------- |
-------- |
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In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
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Abridged Statement of Financial Position (continued) |
These abridged financial statements were approved by the
board of directors
and authorised for issue on
20 December 2023
, and are signed on behalf of the board by:
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Director |
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Company registration number:
05296537
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Notes to the Abridged Financial Statements |
Year ended 31 March 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 11 Rockhaven, Triangle Park, Metz Way, Gloucester, GL1 1AJ, UK.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Goodwill
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
- |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold Property Improvements |
- |
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Motor vehicles |
- |
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Equipment |
- |
25% straight line |
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Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
4
(2022:
4
).
5.
Intangible assets
£ |
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Cost |
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At 1 April 2022 and 31 March 2023 |
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Amortisation |
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At 1 April 2022 |
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Charge for the year |
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--------- |
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At 31 March 2023 |
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--------- |
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Carrying amount |
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At 31 March 2023 |
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At 31 March 2022 |
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6.
Tangible assets
£ |
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Cost |
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At 1 April 2022 |
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Additions |
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-------- |
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At 31 March 2023 |
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-------- |
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Depreciation |
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At 1 April 2022 |
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Charge for the year |
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-------- |
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At 31 March 2023 |
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-------- |
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Carrying amount |
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At 31 March 2023 |
43,146 |
-------- |
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At 31 March 2022 |
66,466 |
-------- |
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7.
Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023 |
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Balance brought forward |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
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(
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2022 |
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Balance brought forward |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
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– |
(
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(
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8.
Related party transactions
The company was under the control of the Mr and Mrs Veale throughout the current and previous year. The company purchased a business from Mr and Mrs Veale during the year ended 31 March 2009 for the sum of £180,000. An amount of £149,000 is still owing at the date of the balance sheet. Interest is being charged at 9% per annum on the outstanding balance.