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REGISTERED NUMBER: 05675314 (England and Wales)















LORI G BRIDAL STUDIO LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023






LORI G BRIDAL STUDIO LIMITED (REGISTERED NUMBER: 05675314)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LORI G BRIDAL STUDIO LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023







DIRECTORS: Mrs L Radford
Mrs S Galloghly





SECRETARY: Mrs S Galloghly





REGISTERED OFFICE: 125 Blenheim Drive
Allestree
Derby
Derbyshire
DE22 2LF





REGISTERED NUMBER: 05675314 (England and Wales)

LORI G BRIDAL STUDIO LIMITED (REGISTERED NUMBER: 05675314)

BALANCE SHEET
30 JUNE 2023

2023 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 6,054

CURRENT ASSETS
Stocks - 63,012
Debtors 5 - 188
Cash at bank 22,205 9,500
22,205 72,700
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

54,738

57,894
NET CURRENT (LIABILITIES)/ASSETS (32,533 ) 14,806
TOTAL ASSETS LESS CURRENT
LIABILITIES

(32,533

)

20,860

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

7

(11,894

)

(20,507

)

PROVISIONS FOR LIABILITIES 8 - (1,150 )
NET LIABILITIES (44,427 ) (797 )

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings (44,429 ) (799 )
SHAREHOLDERS' FUNDS (44,427 ) (797 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

LORI G BRIDAL STUDIO LIMITED (REGISTERED NUMBER: 05675314)

BALANCE SHEET - continued
30 JUNE 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by:





Mrs L Radford - Director


LORI G BRIDAL STUDIO LIMITED (REGISTERED NUMBER: 05675314)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023


1. STATUTORY INFORMATION

Lori G Bridal Studio 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.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except otherwise stated).

Turnover
Turnover represents net invoiced sales of goods and services, net of value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Long leasehold - 10% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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 period 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.


LORI G BRIDAL STUDIO LIMITED (REGISTERED NUMBER: 05675314)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023


2. ACCOUNTING POLICIES - continued
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 period 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.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

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

LORI G BRIDAL STUDIO LIMITED (REGISTERED NUMBER: 05675314)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Long and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 January 2022 12,378 12,669 1,258 26,305
Disposals (12,378 ) (12,669 ) (1,258 ) (26,305 )
At 30 June 2023 - - - -
DEPRECIATION
At 1 January 2022 9,696 9,302 1,253 20,251
Charge for period 965 757 - 1,722
Eliminated on disposal (10,661 ) (10,059 ) (1,253 ) (21,973 )
At 30 June 2023 - - - -
NET BOOK VALUE
At 30 June 2023 - - - -
At 31 December 2021 2,682 3,367 5 6,054

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Other debtors - 188

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Bank loans and overdrafts 5,842 7,445
Trade creditors 1,172 2,036
Taxation and social security 2,047 2,663
Other creditors 45,677 45,750
54,738 57,894

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2021
£    £   
Bank loans 11,894 20,507

LORI G BRIDAL STUDIO LIMITED (REGISTERED NUMBER: 05675314)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023


8. PROVISIONS FOR LIABILITIES
2023 2021
£    £   
Deferred tax
Accelerated capital allowances - 1,150

Deferred
tax
£   
Balance at 1 January 2022 1,150
Balance at 30 June 2023 1,150

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2021
value: £    £   
2 Ordinary £1 2 2

10. ULTIMATE CONTROLLING PARTY

The company is controlled by it's directors.