FNX Bathrooms Ltd
FNX Bathrooms Ltd
Registered number: 03806913
Financial Statements
For The Year Ended
31 July 2021
FNX Bathrooms Ltd
Financial Statements
For The Year Ended
31 July 2021
Financial Statements
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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—4 |
FNX Bathrooms Ltd
Balance Sheet
As at
31 July 2021
Balance Sheet
Registered number:
03806913
For the year ending 31 July 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
2021 | 2020 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Intangible Assets | 3 |
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CURRENT ASSETS | |||||
Stocks | 4 |
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Debtors | 5 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 6 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 7 |
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Share premium account |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 76,904 | 76,957 | |||
Page 1
FNX Bathrooms Ltd
Balance Sheet (continued)
As at
31 July 2021
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Director
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
FNX Bathrooms Ltd
Notes to the Financial Statements
For The Year Ended
31 July 2021
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added taxes, and other similar allowances.
1.3.
Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
1.4.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.
Average Number of Employees
The average number of employees, including directors, during the year was as follows: 2 (2020: 2)
3.
Intangible Assets
Goodwill | |||
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Cost | |||
As at
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As at
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Amortisation | |||
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Provided during the period |
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As at
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Net Book Value | |||
As at
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As at
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Page 3
FNX Bathrooms Ltd
Notes to the Financial Statements (continued)
For The Year Ended
31 July 2021
4.
Stocks
2021 | 2020 | ||
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£ | £ | ||
Stock - finished goods |
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5.
Debtors
2021 | 2020 | ||
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£ | £ | ||
Due within one year | |||
Trade debtors |
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Other debtors | 49 | - | |
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6.
Creditors: Amounts Falling Due Within One Year
2021 | 2020 | ||
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£ | £ | ||
Trade creditors |
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Other creditors | 24,447 | 21,372 | |
Taxation and social security | 18,736 | 19,016 | |
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8.
Related Party Transactions
At the balance sheet date, the amount outstanding was £109,320 (2020 - £104,520).
Mr G Percy is a director of Foxheath Ltd, to which the company sold goods and services to the value of £18,917 (2020 - £31,767), on normal commercial terms.
At the balance sheet date, the amount outstanding was £109,320 (2020 - £104,520).
The company also purchased goods and services to the value of £495 (2020 - £1,667), on normal commercial terms.
At the balance sheet date, the amount outstanding was nil (2020 - nil).
Mr G Percy has an interest in 25% of the issued share capital of the company.
9.
General Information
FNX Bathrooms Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
03806913
. The registered office is Damer House, Meadow Way, Wickford, Essex, SS12 9HA.
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