Define Kitchens, Bathrooms And Bedrooms Accounts

DEFINE KITCHENS, BATHROOMS AND BEDROOMS LTD - Company Information






Define Kitchens, Bathrooms And Bedrooms
	Company No. 08897542
		Information for Filing with The Registrar
		30 April 2019

The Director presents his report and the accounts for the year ended 30 April 2019.

Principal activities
The principal activity of the company during the year under review was Kitchen & Bathroom Specialists.




Director

The Director who served at any time during the year was as follows:

G. Sampson



































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

G. Sampson
Director
09 October 2019

at	30 April 2019

Company No.		08897542	Notes	2019	2018
				£	£
Fixed assets
	Intangible assets		2	17,500	21,000
	Tangible assets		3	9,371	9,736


				26,871	30,736
Current assets
	Stocks		4	30,000	40,000
	Debtors		5	18,289	17,925

	Cash at bank and in hand			42,824	8,708
				91,113	66,633
Creditors: Amount falling due within one year			6	(70,855)	(80,292)
Net current assets/(liabilities)				20,258	(13,659)
Total assets less current liabilities				47,129	17,077

Provisions for liabilities
	Deferred taxation		7	(1,398)	(1,885)

Net assets				45,731	15,192

Capital and reserves
	Called up share capital			1	1



	Profit and loss account		8	45,730	15,191

Total equity				45,731	15,192


These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 April 2019 the company was entitled to exemption 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 09 October 2019

And signed on its behalf by:

G. Sampson
Director
09 October 2019

for the year ended 30 April 2019

Accounting policies

Basis of preparation

The accounts have been prepared 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) and the Companies Act 2006 . There were no material departures from that standard.

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Taxation

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

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Plant and machinery

25% Reducing balance

Furniture, fittings and equipment

25/15% Reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

Pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

2	Intangible fixed assets
			Goodwill	Total
			£	£
		Cost
		At 1 May 2018	35,000	35,000


		At 30 April 2019	35,000	35,000
		Amortisation and impairment
		At 1 May 2018	14,000	14,000
		Charge for the year	3,500	3,500


		At 30 April 2019	17,500	17,500
		Net book values
		At 30 April 2019	17,500	17,500
		At 30 April 2018	21,000	21,000

3	Tangible fixed assets
			Plant and machinery	Fixtures, fittings and equipment	Total
			£	£	£
		Cost or revaluation
		At 1 May 2018	1,636	16,234	17,870
		Additions	-	1,525	1,525



		At 30 April 2019	1,636	17,759	19,395
		Depreciation
		At 1 May 2018	1,119	7,015	8,134
		Charge for the year	129	1,761	1,890



		At 30 April 2019	1,248	8,776	10,024
		Net book values
		At 30 April 2019	388	8,983	9,371
		At 30 April 2018	517	9,219	9,736

4	Stocks
			2019	2018
			£	£


		Finished goods	30,000	40,000
			30,000	40,000

5	Debtors
			2019	2018
			£	£
		Trade debtors	16,006	15,956





		Other debtors	1,615	1,546
		Prepayments and accrued income	668	423
			18,289	17,925

6	Creditors:
		amounts falling due within one year
			2019	2018
			£	£

		Bank loans and overdrafts	4,174	-


		Trade creditors	35,431	71,730

		Corporation tax	12,775	6,112
		Other taxes and social security	13,165	(1,394)
		Loans from directors	3,493	133
		Other creditors	1,298	2,404
		Accruals and deferred income	519	1,307
			70,855	80,292

7	Provisions for liabilities
		Deferred taxation

			Accelerated capital allowances, losses and other timing differences	Arising from revaluation	Total
			£	£	£
		At 1 May 2018	1,885	-	1,885
		Charge to the profit and loss account for the period	(487)		(487)

		At 30 April 2019	1,398	-	1,398

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

9	Dividends
			2019	2018
			£	£
		Dividends for the period:
		Dividends paid in the period	24,400	20,092

			24,400	20,092

		Dividends by type:

		Equity dividends	24,400	20,092
			24,400	20,092

Related party disclosures

Controlling party

Immediate controlling party

G Sampson

Additional information

Its registered number is:

08897542

Its registered office is:

Prospect House

11 Western Road

Launceston

Cornwall

PL15 7AS