REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 28 February 2022 |
for |
Cameo Brides Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 28 February 2022 |
for |
Cameo Brides Limited |
Cameo Brides Limited (Registered number: 04768370) |
Contents of the Financial Statements |
for the Year Ended 28 February 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Cameo Brides Limited |
Company Information |
for the Year Ended 28 February 2022 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Accountants And Taxation Consultants |
Solent House |
107a Alma Road |
Portswood |
Southampton |
Hampshire |
SO14 6UY |
Cameo Brides Limited (Registered number: 04768370) |
Balance Sheet |
28 February 2022 |
28.2.22 | 28.2.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks | 5 |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings | 10 |
SHAREHOLDERS' FUNDS |
The director acknowledges her 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. |
Cameo Brides Limited (Registered number: 04768370) |
Balance Sheet - continued |
28 February 2022 |
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 |
Cameo Brides Limited (Registered number: 04768370) |
Notes to the Financial Statements |
for the Year Ended 28 February 2022 |
1. | STATUTORY INFORMATION |
Cameo Brides Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Short leasehold | - |
Fixtures and fittings | - |
Computer equipment | - |
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 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 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. |
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. |
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 |
Cameo Brides Limited (Registered number: 04768370) |
Notes to the Financial Statements - continued |
for the Year Ended 28 February 2022 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Short | and | Computer |
leasehold | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 March 2021 |
and 28 February 2022 |
DEPRECIATION |
At 1 March 2021 |
Charge for year |
At 28 February 2022 |
NET BOOK VALUE |
At 28 February 2022 |
At 28 February 2021 |
5. | STOCKS |
28.2.22 | 28.2.21 |
£ | £ |
Stocks |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.22 | 28.2.21 |
£ | £ |
Trade debtors |
Other debtors |
VAT |
Prepayments |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.22 | 28.2.21 |
£ | £ |
Trade creditors |
Corporation tax |
Other creditors |
Directors' current accounts | 1,983 | 13,673 |
Accrued expenses |
Cameo Brides Limited (Registered number: 04768370) |
Notes to the Financial Statements - continued |
for the Year Ended 28 February 2022 |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
28.2.22 | 28.2.21 |
£ | £ |
Bank loans - 2-5 years |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 28.2.22 | 28.2.21 |
value: | £ | £ |
Ordinary | 1 | 1 | 1 |
10. | RESERVES |
Retained |
earnings |
£ |
At 1 March 2021 |
Profit for the year |
Dividends | ( |
) |
At 28 February 2022 |
11. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 28 February 2022 and 28 February 2021: |
28.2.22 | 28.2.21 |
£ | £ |
Balance outstanding at start of year | ( |
) | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) | ( |
) |
12. | RELATED PARTY DISCLOSURES |
The company was under the control of Mrs C L Wilson throughout the current and previous year. Mrs C L Wilson is the managing director and majority shareholder. |
No transactions with related parties were undertaken such as are required to be disclosed under Section 1a "Small entities" of Financial Reporting Standard 102. |
Cameo Brides Limited (Registered number: 04768370) |
Notes to the Financial Statements - continued |
for the Year Ended 28 February 2022 |
13. | COVID-19 |
In common with many other companies, the outbreak of COVID-19 in the UK and the measures being taken to control its spread have had a detrimental impact on our business. Due to safety and Government lockdown restrictions and guidance the company offices were closed during the lockdown, and business meetings and travel were restricted during the year. Some staff were furloughed during the lockdown due to a reduction in work received and inability to work from home. |
The directors believe the company to have sufficient funds available to cover debt obligations and that the financial statements are to be prepared on a going concern basis. The directors consider that no further adjustments or impairments are to be made in respect to the assets or debts due to or from the company as at the balance sheet date. |
The future duration and global impact of the COVID-19 pandemic remains unclear at this time. It is not possible to reliably estimate the duration and severity of the future consequences, as well as their impact on the financial position and results of the company for future periods. |