ULTIMATE BATHROOMS LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04158123 (England and Wales)

Unaudited Financial Statements for the Year Ended 29 February 2020

for

ULTIMATE BATHROOMS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G M Holborn

Mrs E M Holborn

G Day

Mrs B Day

SECRETARY:

G M Holborn

REGISTERED OFFICE:

192 Dukes Ride

Crowthorne

Berkshire

RG45 6DS

REGISTERED NUMBER:

04158123 (England and Wales)

ACCOUNTANTS:

WITNEY & CO LTD

Ground Floor

39 Guildford Road

Lightwater

Surrey

GU18 5SA

FIXED ASSETS

Tangible assets

4

13,263

14,919

CURRENT ASSETS

Stocks

2,150

2,925

Debtors

39,154

38,877

Cash at bank

56,531

44,264

97,835

86,066

CREDITORS

Amounts falling due within one year

81,907

79,890

NET CURRENT ASSETS

15,928

6,176

TOTAL ASSETS LESS CURRENT LIABILITIES

29,191

21,095

CAPITAL AND RESERVES

Called up share capital

8

8

Retained earnings

29,183

21,087

SHAREHOLDERS' FUNDS

29,191

21,095

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2020 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 Income Statement and an abridged Balance Sheet for the year ended 29 February 2020 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 Board of Directors and authorised for issue on 12 June 2020 and were signed on its behalf by:

G M Holborn - Director

Mrs E M Holborn - Director

G Day - Director

Mrs B Day - Director

1.	STATUTORY INFORMATION

ULTIMATE 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.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% 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 Income Statement, 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 9 (2019 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2019

66,775

Additions

2,289

At 29 February 2020

69,064

DEPRECIATION

At 1 March 2019

51,856

Charge for year

3,945

At 29 February 2020

55,801

NET BOOK VALUE

At 29 February 2020

13,263

At 28 February 2019

14,919

5.	RELATED PARTY DISCLOSURES

The controlling party is Mr and Mrs G M Holborn and Mr andMrs Day.

The ultimate controlling party is Mr and Mrs G M Holborn and Mr andMrs Day.