Specialist Bathrooms & Property Serv Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10028788 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2018

FOR

SPECIALIST BATHROOMS & PROPERTY SERVICES

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTOR:

Mr M Alvin

SECRETARY:

REGISTERED OFFICE:

Chestnut Cottage

The Street

High Easter

Essex

CM1 4QS

REGISTERED NUMBER:

10028788 (England and Wales)

ACCOUNTANTS:

Debra Perkins Limited

24 Nelmes Crescent

Hornchurch

Essex

RM11 2QB

FIXED ASSETS

Tangible assets

4

16,027

-

CURRENT ASSETS

Debtors

5

50,680

54,765

Cash at bank and in hand

19,067

2,311

69,747

57,076

CREDITORS

Amounts falling due within one year

6

60,367

36,085

NET CURRENT ASSETS

9,380

20,991

TOTAL ASSETS LESS CURRENT LIABILITIES

25,407

20,991

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

25,307

20,891

25,407

20,991

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 24th December 2018 and were signed by:

Mr M Alvin - Director

1.	STATUTORY INFORMATION

Specialist Bathrooms & Property Services 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Plant and machinery etc

-

25% on reducing balance

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.

Hire purchase and leasing commitments

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

period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

21,369

At 31st March 2018

21,369

DEPRECIATION

Charge for year

5,342

At 31st March 2018

5,342

NET BOOK VALUE

At 31st March 2018

16,027

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/18

31/3/17

£

£

Trade debtors

22,900

16,151

Other debtors

27,780

38,614

50,680

54,765

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/18

31/3/17

£

£

Bank loans and overdrafts

-

2,357

Hire purchase contracts

16,797

-

Trade creditors

8,156

6,369

Taxation and social security

34,374

17,479

Other creditors

1,040

9,880

60,367

36,085

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31st March 2018

and the period ended 31st March 2017:

31/3/18

31/3/17

£

£

Mr M Alvin

Balance outstanding at start of year

-

-

Amounts advanced

4,979

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,979

-

The overdrawn loan account was cleared within 9 months of the year end.

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £32,800 (2017 - £16,000) were paid to the director .

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Alvin.

The following reproduces the text of the report prepared for the director in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006,

the company is only required to file a Balance Sheet. Readers are cautioned that the Income

Statement and certain other primary statements and the Report of the Director are not required to

be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Specialist Bathrooms & Property Services Limited for the year

ended 31st March 2018 which comprise the Income Statement, Balance Sheet and the related notes

from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Specialist Bathrooms & Property Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Specialist Bathrooms & Property Services Limited and state those matters that we have agreed to state to the director of Specialist Bathrooms & Property Services Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Specialist Bathrooms & Property Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Specialist Bathrooms & Property Services Limited. You consider that Specialist Bathrooms & Property Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Specialist Bathrooms & Property Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Debra Perkins Limited

24 Nelmes Crescent

Hornchurch

Essex

RM11 2QB

24th December 2018