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REGISTERED NUMBER: 09270719 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2022

for

Camden Costumes Limited

Camden Costumes Limited (Registered number: 09270719)






Contents of the Financial Statements
for the Year Ended 31 OCTOBER 2022




Page

Balance Sheet 1

Notes to the Financial Statements 2


Camden Costumes Limited (Registered number: 09270719)

Balance Sheet
31 OCTOBER 2022

31.10.22 31.10.21
Notes £    £   
FIXED ASSETS
Tangible assets 4 27,915 4,141

CURRENT ASSETS
Stocks 5 87,231 85,141
Debtors 6 75,724 54,055
Cash at bank 12,524 2,144
175,479 141,340
CREDITORS
Amounts falling due within one year 7 (103,893 ) (62,406 )
NET CURRENT ASSETS 71,586 78,934
TOTAL ASSETS LESS CURRENT
LIABILITIES

99,501

83,075

CREDITORS
Amounts falling due after more than one
year

8

(55,866

)

(27,998

)

PROVISIONS FOR LIABILITIES (1,513 ) (757 )
NET ASSETS 42,122 54,320

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 42,121 54,319
SHAREHOLDERS' FUNDS 42,122 54,320

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 October 2023 and were signed by:





Ms M Roesdahl - Director


Camden Costumes Limited (Registered number: 09270719)

Notes to the Financial Statements
for the Year Ended 31 OCTOBER 2022

1. STATUTORY INFORMATION

The Camden Costumes Limited is a private company, limited by shares, registered in England and wales, registration number 09270719. The registered office is Solar House, PF 915 High Road, North Finchley, London N12 8QJ.

The presentation currency of the financial statements is pound sterling (£) and the level of rounding is the nearest £1.

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.

Revenue recognition
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a straight line and reducing balance basis.

Depreciation is provided on the following basis:

Short leasehold : 10 years on cost
Plant and machinery : 33% on cost
Fixtures and fittings : 33% on cost
Computer equipment : 33% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Profit and loss account.

Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a FIFO basis.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Financial instruments
The company has entered into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like other debtors, creditors and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is fund, an impairment loss is recognised in the profit and loss.

Camden Costumes Limited (Registered number: 09270719)

Notes to the Financial Statements - continued
for the Year Ended 31 OCTOBER 2022

2. ACCOUNTING POLICIES - continued

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method

Government grants
Government grants are recognised when it is reasonable to expect that the grants will be received and that all related conditions will be met, usually on submission of a valid claim for payment. Government grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 November 2021 - 7,991 11,315 1,087 20,393
Additions 26,508 250 4,318 - 31,076
At 31 October 2022 26,508 8,241 15,633 1,087 51,469
DEPRECIATION
At 1 November 2021 - 5,950 9,403 899 16,252
Charge for year 2,651 1,321 3,142 188 7,302
At 31 October 2022 2,651 7,271 12,545 1,087 23,554
NET BOOK VALUE
At 31 October 2022 23,857 970 3,088 - 27,915
At 31 October 2021 - 2,041 1,912 188 4,141

5. STOCKS
31.10.22 31.10.21
£    £   
Stocks 87,231 85,141

Camden Costumes Limited (Registered number: 09270719)

Notes to the Financial Statements - continued
for the Year Ended 31 OCTOBER 2022

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Trade debtors 3,049 13,557
Other debtors 72,675 40,498
75,724 54,055

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Trade creditors 134 130
Taxation and social security 50,463 38,433
Other creditors 53,296 23,843
103,893 62,406

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.22 31.10.21
£    £   
Other creditors 55,866 27,998

9. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
31.10.22 31.10.21
£ £
Within one year 51,720 28,500
More than one year 234,578 57,000
286,298 85,500

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2022 and 31 October 2021:

31.10.22 31.10.21
£    £   
Ms M Roesdahl
Balance outstanding at start of year 18,544 9,794
Amounts advanced 32,116 29,020
Amounts repaid (12,167 ) (20,270 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 38,493 18,544

The above loan is interest free, repayable on demand and was unsecured.