New World Bathrooms Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 05933886 (England and Wales)

NEW WORLD BATHROOMS LIMITED

ABRIDGED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 NOVEMBER 2021

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J A Thompson

SECRETARY:

J A Thompson

REGISTERED OFFICE:

Brunswick House

Birmingham Road

Redditch

Worcestershire

B97 6DY

REGISTERED NUMBER:

05933886 (England and Wales)

ACCOUNTANTS:

Charles Lovell & Co Limited

Chartered Certified Accountants

and Statutory Auditors

8 Church Green East

Redditch

Worcestershire

B98 8BP

FIXED ASSETS

Tangible assets

4

17,401

6,672

CURRENT ASSETS

Stocks

130,000

142,000

Debtors

51,408

54,440

Cash at bank

5,455

-

186,863

196,440

CREDITORS

Amounts falling due within one year

47,305

48,921

NET CURRENT ASSETS

139,558

147,519

TOTAL ASSETS LESS CURRENT LIABILITIES

156,959

154,191

CREDITORS

Amounts falling due after more than one year

5

(108,201

)

(113,767

)

PROVISIONS FOR LIABILITIES

(3,271

)

-

NET ASSETS

45,487

40,424

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

45,387

40,324

SHAREHOLDERS' FUNDS

45,487

40,424

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 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 2021 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 and authorised for issue on 12 April 2023 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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 (2020 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2020

19,824

Additions

18,759

Disposals

(8,000

)

At 30 November 2021

30,583

DEPRECIATION

At 1 December 2020

13,152

Charge for year

3,030

Eliminated on disposal

(3,000

)

At 30 November 2021

13,182

NET BOOK VALUE

At 30 November 2021

17,401

At 30 November 2020

6,672

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

Totals

£

COST

At 1 December 2020

8,000

Additions

17,999

Transfer to ownership

(8,000

)

At 30 November 2021

17,999

DEPRECIATION

At 1 December 2020

1,667

Charge for year

2,833

Transfer to ownership

(3,000

)

At 30 November 2021

1,500

NET BOOK VALUE

At 30 November 2021

16,499

At 30 November 2020

6,333

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

30.11.21

30.11.20

£

£

Repayable by instalments

Bank loans - more than 5 years

-

16,042

6.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.21

30.11.20

£

£

Bank overdrafts

-

5,330

Bank loans

110,000

110,000

Hire purchase contracts

12,179

6,593

122,179

121,923

7.	RELATED PARTY DISCLOSURES

8.	ULTIMATE CONTROLLING PARTY

The controlling party is J A Thompson.