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REGISTERED NUMBER: 07235198 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

WEDDINGSTAR SHOP EUROPE LIMITED

WEDDINGSTAR SHOP EUROPE LIMITED (REGISTERED NUMBER: 07235198)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


WEDDINGSTAR SHOP EUROPE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2022







DIRECTORS: Mrs H Brink
R Brink





REGISTERED OFFICE: 207 Knutsford Road
Grappenhall
Warrington
Cheshire
WA4 2QL





REGISTERED NUMBER: 07235198 (England and Wales)





AUDITORS: Walker Begley Limited
Chartered Accountants and Statutory Auditors
207 Knutsford Road
Grappenhall
Warrington
Cheshire
WA4 2QL

WEDDINGSTAR SHOP EUROPE LIMITED (REGISTERED NUMBER: 07235198)

ABRIDGED BALANCE SHEET
31 OCTOBER 2022

31/10/22 31/10/21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,422 48,019

CURRENT ASSETS
Stocks 297,200 374,306
Debtors 5 108,572 254,738
Cash at bank and in hand 155,174 75,366
560,946 704,410
CREDITORS
Amounts falling due within one year 61,170 122,967
NET CURRENT ASSETS 499,776 581,443
TOTAL ASSETS LESS CURRENT
LIABILITIES

538,198

629,462

CREDITORS
Amounts falling due after more than one
year

1,191,818

1,123,199
NET LIABILITIES (653,620 ) (493,737 )

CAPITAL AND RESERVES
Called up share capital 1,333 1,333
Share premium 122,578 122,578
Retained earnings (777,531 ) (617,648 )
SHAREHOLDERS' FUNDS (653,620 ) (493,737 )

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 31 October 2022 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 Board of Directors and authorised for issue on 11 October 2023 and were signed on its behalf by:





R Brink - Director


WEDDINGSTAR SHOP EUROPE LIMITED (REGISTERED NUMBER: 07235198)

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

1. STATUTORY INFORMATION

Weddingstar Shop Europe 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.
Plant and machinery etc - 30% on reducing balance, 20% on reducing balance and 10% on reducing balance

The company has a policy of performing an annual impairment review, to be carried out by the Directors.

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 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.

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.

WEDDINGSTAR SHOP EUROPE LIMITED (REGISTERED NUMBER: 07235198)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2021 - 10 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2021
and 31 October 2022 246,798
DEPRECIATION
At 1 November 2021 198,779
Charge for year 9,597
At 31 October 2022 208,376
NET BOOK VALUE
At 31 October 2022 38,422
At 31 October 2021 48,019

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/22 31/10/21
£    £   
Amounts owed by group undertakings - 157,951

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr K Walker (Senior Statutory Auditor)
for and on behalf of Walker Begley Limited

7. RELATED PARTY DISCLOSURES

Included in creditors is a related party balance of £68,619 in respect of Weddingstar Inc. Last year, included in related party debtors after one year was an amount due from Weddingstar Inc,. a parent company of Weddingstar Shop Europe Limited of £157,951.

8. POST BALANCE SHEET EVENTS

A decision was made at group level for the company to change the way it operates as part of the group. The company will no longer hold stock and ship goods, as this will be effected by another group member. Weddingstar Shop Europe Limited, will act as agent and arrange the sales throughout Europe.

9. ULTIMATE CONTROLLING PARTY

Weddingstar Shop Europe Limited was controlled by Weddingstar Europe Limited , due to their interest in 100% of the issued share capital during the period. The company is ultimately controlled by Mr R and Mrs H Brink.

10. GOING CONCERN

It is the view of the directors that the company continues to be a going concern. The change in the strategic operations will compliment this and the company's creditors will continue to provide support to ensure that it's commitments and liabilities are met.