Bathroom Concepts Limited Accounts

BATHROOM CONCEPTS LIMITED - Company Information






Bathroom Concepts Limited
	Company No. 03356840
		Abbreviated Accounts
		31 March 2016

at	31 March 2016

Company No.		03356840	Notes	2016	2015
				£	£
Fixed assets

	Tangible assets		2	89,450	80,000

				89,450	80,000
Current assets
	Stocks			5,000	5,000
	Debtors			43,917	6,249

	Cash at bank and in hand			92,864	100,015
				141,781	111,264
Creditors: Amounts falling due within one year				(81,160)	(62,253)
Net current assets				60,621	49,011
Total assets less current liabilities				150,071	129,011

Provisions for liabilities
	Deferred taxation			(1,890)	-

Net assets				148,181	129,011

Capital and reserves
	Called up share capital		3	1,000	1,000



	Profit and loss account			147,181	128,011

Shareholder's funds				148,181	129,011

These accounts have 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 and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

For the year ended 31 March 2016 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.
Approved by the board on 28 June 2016

And signed on its behalf by:

J. Edgington
Director
28 June 2016

for the year ended 31 March 2016

Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) ["the FRSSE"].

Turnover

Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers.

Stocks

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 items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred taxation

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts.
Deferred tax is provided in full on timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax rates that are expected to apply when the timing differences reverse, based upon current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted.

2	Fixed assets
		Tangible fixed assets	Total
		£	£
	Cost or revaluation
	At 1 April 2015	90,532	90,532
	Additions	9,450	9,450



	At 31 March 2016	99,982	99,982
	Amortisation
	At 1 April 2015	10,532	10,532




	At 31 March 2016	10,532	10,532
	Net book values
	At 31 March 2016	89,450	89,450
	At 31 March 2015	80,000	80,000

3	Share Capital
		Nominal value	2016	2016	2015
		£	Number	£	£
	Allotted, called up and fully paid:
	Ordinary	1.00	1,000	1,000	1,000




				1,000	1,000