New World Bathrooms Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05933886 (England and Wales)

ABRIDGED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2018

FOR

NEW WORLD BATHROOMS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J A Thompson

SECRETARY:

J A Thompson

REGISTERED OFFICE:

3 Windsor Road

Redditch

Worcestershire

B97 6DJ

REGISTERED NUMBER:

05933886 (England and Wales)

ACCOUNTANTS:

Burman & Co

Brunswick House

Birmingham Road

Redditch

Worcestershire

B97 6DY

FIXED ASSETS

Tangible assets

4

23,184

14,957

CURRENT ASSETS

Stocks

76,000

95,000

Debtors

1,600

5,100

77,600

100,100

CREDITORS

Amounts falling due within one year

76,114

92,051

NET CURRENT ASSETS

1,486

8,049

TOTAL ASSETS LESS CURRENT LIABILITIES

24,670

23,006

CREDITORS

Amounts falling due after more than one year

8,455

11,354

NET ASSETS

16,215

11,652

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

16,115

11,552

SHAREHOLDERS' FUNDS

16,215

11,652

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement and an abridged Balance Sheet for the year ended 30 November 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director on 28 November 2019 and were signed by:

J A Thompson - Director

1.	STATUTORY INFORMATION

New World Bathrooms 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 is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on cost and 20% on cost

Stocks

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

obsolete and slow moving items.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held

under finance leases are depreciated over their estimated useful lives or the lease term, whichever is

the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

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 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2017

29,360

Additions

15,000

At 30 November 2018

44,360

DEPRECIATION

At 1 December 2017

14,403

Charge for year

6,773

At 30 November 2018

21,176

NET BOOK VALUE

At 30 November 2018

23,184

At 30 November 2017

14,957

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 December 2017

and 30 November 2018

14,495

DEPRECIATION

At 1 December 2017

302

Charge for year

3,624

At 30 November 2018

3,926

NET BOOK VALUE

At 30 November 2018

10,569

At 30 November 2017

14,193

5.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.18

30.11.17

£

£

Bank overdrafts

33,805

53,007

Hire purchase contracts

11,354

17,152

45,159

70,159

6.	RELATED PARTY DISCLOSURES

During the year, total dividends of £29,000 were paid to the director .