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REGISTERED NUMBER: 09409571 (England and Wales)















AVA LOUISE BRIDAL WEAR LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022






AVA LOUISE BRIDAL WEAR LIMITED (REGISTERED NUMBER: 09409571)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 4


AVA LOUISE BRIDAL WEAR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTOR: Mrs I L Taylor





REGISTERED OFFICE: Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR





REGISTERED NUMBER: 09409571 (England and Wales)





ACCOUNTANTS: Rothmans LLP
Chartered Accountants
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
AVA LOUISE BRIDAL WEAR LIMITED


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 Statement of Financial Position. 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 Ava Louise Bridal Wear Limited for the year ended 31 March 2022 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Ava Louise Bridal Wear Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ava Louise Bridal Wear Limited and state those matters that we have agreed to state to the director of Ava Louise Bridal Wear Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ava Louise Bridal Wear Limited and its director for our work or for this report.

It is your duty to ensure that Ava Louise Bridal Wear 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 Ava Louise Bridal Wear Limited. You consider that Ava Louise Bridal Wear 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 Ava Louise Bridal Wear 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.






Rothmans LLP
Chartered Accountants
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR


9 September 2022

AVA LOUISE BRIDAL WEAR LIMITED (REGISTERED NUMBER: 09409571)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2022

2022 2021
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 4,036 4,980

CURRENT ASSETS
Stocks 5 42,466 64,237
Debtors 6 5,985 8,390
Cash at bank 45,355 310
93,806 72,937
CREDITORS
Amounts falling due within one year 7 36,414 60,387
NET CURRENT ASSETS 57,392 12,550
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,428

17,530

CREDITORS
Amounts falling due after more than one
year

8

-

7,898
NET ASSETS 61,428 9,632

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 61,328 9,532
SHAREHOLDERS' FUNDS 61,428 9,632

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 September 2022 and were signed by:




Mrs I L Taylor - Director


AVA LOUISE BRIDAL WEAR LIMITED (REGISTERED NUMBER: 09409571)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022


1. STATUTORY INFORMATION

Ava Louise Bridal Wear Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 09409571 and its registered address is Fryern House 125 Winchester Road, Chandlers Ford, Eastleigh, Hampshire, United Kingdom, SO53 2DR.

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.

The presentation currency is £ sterling.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date, and the amounts reports for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

The director does not consider there to be any judgements (apart from those involving estimates) used to have had significant effect on amounts recognised in the financial statements.

Turnover
Turnover represents net sales during the year (excluding value added tax) adjusted for accrued and deferred income where applicable.

The company recognises non-refundable deposits on the sale of bridal dresses and accessories as turnover when the customer places their order. The final balance on the sale of bridal dresses and accessories is recognised as turnover when the item is dispatched or collected by the customer.

Fixed assets
All fixed assets are initially recognised at cost and subsequently carried at cost less accumulated depreciation and accumulated impairment losses.

The cost of fixed assets initially recognised includes its purchase price and any cost that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in a manner intended by management.

Depreciation is provided at rates calculated to write off the costs less residual value of each asset over its expected useful life, as follows:

Plant & machinery - 10% Straight Line
Computer equipment - 25% Straight Line

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any change is adjusted for prospectively.

Government grants
Grants of a revenue nature are credited to the Income Statement in the period to which they relate in accordance with the terms of the grant. Any deferred element of the grant is included within creditors as deferred income.

Stocks
Stock is valued at lower of cost and net realisable value, after making due allowances for obsolete and slow moving items. Costs includes any expenditure incurred in bringing the stock to its present location and condition. A 'first in first out' basis is used.

Financial instruments
The company only has financial assets and liabilities of the kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and debt instruments are subsequently carried at amortised cost, using the effective interest rate method.


AVA LOUISE BRIDAL WEAR LIMITED (REGISTERED NUMBER: 09409571)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


2. ACCOUNTING POLICIES - continued
Taxation
The charge for taxation is based on the profit for the year and takes into account taxation deferred.

Current tax is measured at amounts expected to be paid using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is provided in full on temporary differences which arise between the carrying value of an asset or liability and its tax base. Deferred tax assets are recognised to the extent that it is probable that there will be sufficient profits in the future to enable the assets to be utilized. Deferred tax assets and liabilities are not discounted.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all risks and rewards of ownership to the lessee. All other leases are classified as operating leases.

Finance leases are capitalised at the inception of the lease at the fair value of the leased asset or, if lower, at the present value of the minimum lease payments. Lease payments are apportioned between the finance charges and the reduction of the lease liability so as to achieve a constant rate of interest on the remaining balance of the liability. Finance charges are reflected in the profit and loss account.

Operating lease payments are recognised as an expense in the profit and loss account on a straight-line basis over the lease term.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

AVA LOUISE BRIDAL WEAR LIMITED (REGISTERED NUMBER: 09409571)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 April 2021 8,837 543 9,380
Additions 66 - 66
At 31 March 2022 8,903 543 9,446
DEPRECIATION
At 1 April 2021 4,246 154 4,400
Charge for year 874 136 1,010
At 31 March 2022 5,120 290 5,410
NET BOOK VALUE
At 31 March 2022 3,783 253 4,036
At 31 March 2021 4,591 389 4,980

5. STOCKS
2022 2021
£ £
Stocks 42,466 64,237

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Trade debtors 3,735 1,250
Other debtors 2,250 2,250
VAT - 4,890
5,985 8,390

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Trade creditors 7,824 20,554
Corporation tax 15,649 5,904
VAT 1,141 -
Other creditors 10,145 14,268
Directors loan account 405 18,411
Accruals and deferred income 1,250 1,250
36,414 60,387

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£ £
Other creditors - 7,898

AVA LOUISE BRIDAL WEAR LIMITED (REGISTERED NUMBER: 09409571)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2022 2021
£ £
Within one year 7,500 7,500
Between one and five years 15,000 22,500
22,500 30,000