Yorkshire Bathrooms and Kitchens Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05422380 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 December 2018

for

Yorkshire Bathrooms and Kitchens Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G R Borchard

A D Boddy

P J Gregg

M C Walters

SECRETARY:

G R Borchard

REGISTERED OFFICE:

Boroughbridge Road

Ripon

North Yorkshire

HG4 1UE

REGISTERED NUMBER:

05422380 (England and Wales)

ACCOUNTANTS:

Bushells Chartered Accountants

6 Victoria Avenue

Harrogate

North Yorkshire

HG1 1ED

FIXED ASSETS

Intangible assets

4

18,895

7,152

Tangible assets

5

73,304

35,047

92,199

42,199

CURRENT ASSETS

Stocks

257,469

257,000

Debtors

1,076,930

877,372

Cash at bank

146,223

197,099

1,480,622

1,331,471

CREDITORS

Amounts falling due within one year

1,217,170

1,113,082

NET CURRENT ASSETS

263,452

218,389

TOTAL ASSETS LESS CURRENT LIABILITIES

355,651

260,588

CREDITORS

Amounts falling due after more than one year

(213,878

)

(139,762

)

PROVISIONS FOR LIABILITIES

(61,526

)

(43,091

)

NET ASSETS

80,247

77,735

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

80,244

77,732

SHAREHOLDERS' FUNDS

80,247

77,735

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 10 September 2019 and were signed on its behalf by:

G R Borchard - Director

A D Boddy - Director

P J Gregg - Director

1.	STATUTORY INFORMATION

Yorkshire Bathrooms and Kitchens Limited is a private company, limited by shares , registered in

England and Wales. The company's registered number and registered office address can be found on

the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents net amounts receivable for goods supplied, excluding value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Domain names are being amortised evenly over their estimated useful life of twenty years.

Website costs is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold property improvement

-

5% on cost

Fixtures and equipment

-

10% on cost

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of

Income and Retained Earnings, except to the extent that it relates to items recognised in other

comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2017 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2018

11,834

Additions

15,418

At 31 December 2018

27,252

AMORTISATION

At 1 January 2018

4,682

Amortisation for year

3,675

At 31 December 2018

8,357

NET BOOK VALUE

At 31 December 2018

18,895

At 31 December 2017

7,152

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2018

102,065

Additions

47,161

At 31 December 2018

149,226

DEPRECIATION

At 1 January 2018

67,018

Charge for year

8,904

At 31 December 2018

75,922

NET BOOK VALUE

At 31 December 2018

73,304

At 31 December 2017

35,047

6.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank loans

-

9,074

Other loans

298,878

194,762

298,878

203,836

7.	OTHER FINANCIAL COMMITMENTS

Directors' liabilities arising from the EBT Settlements with HM Revenue & Customs will be paid by

the company on the directors' behalf. Amounts have been agreed at approximately £46,000 per annum

for five years.

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2018

and 31 December 2017:

2018

2017

£

£

G R Borchard

Balance outstanding at start of year

72,469

127,234

Amounts advanced

-

2,235

Amounts repaid

(2,416

)

(57,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

70,053

72,469

A D Boddy

Balance outstanding at start of year

56,129

114,308

Amounts advanced

-

3,821

Amounts repaid

(475

)

(62,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

55,654

56,129

P J Gregg

Balance outstanding at start of year

80,854

119,255

Amounts advanced

-

18,599

Amounts repaid

(1,271

)

(57,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

79,583

80,854

No interest is charged on the loans to directors and there are no repayment terms.

9.	EXCEPTIONAL ITEMS

The accounts include a provision of £48,000 (2017 £37,000) for amounts payable by the company to

HM Revenue & Customs in regard to EBT Settlements.