Company Registration No. 4662085 (England and Wales)
Sweet Dreams Lingerie Limited
Unaudited accounts
for the year ended 28 February 2023
Sweet Dreams Lingerie Limited
Unaudited accounts
Contents
Sweet Dreams Lingerie Limited
Company Information
for the year ended 28 February 2023
Company Number
4662085 (England and Wales)
Registered Office
19 Castle Street
Buckingham
BUCKINGHAMSHIRE
MK18 1BP
Accountants
Anthistle Craven
Moreton House
31 High Street
Buckingham
Bucks
MK18 1NU
Sweet Dreams Lingerie Limited
Statement of financial position
as at 28 February 2023
Cash at bank and in hand
167
1,315
Creditors: amounts falling due within one year
(175,814)
(154,103)
Net current liabilities
(140,571)
(117,334)
Total assets less current liabilities
(140,369)
(117,052)
Creditors: amounts falling due after more than one year
(32,466)
(43,241)
Net liabilities
(172,835)
(160,293)
Called up share capital
4
4
Profit and loss account
(172,839)
(160,297)
Shareholders' funds
(172,835)
(160,293)
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 October 2023 and were signed on its behalf by
C A Tomes
Director
Company Registration No. 4662085
Sweet Dreams Lingerie Limited
Notes to the Accounts
for the year ended 28 February 2023
Sweet Dreams Lingerie Limited is a private company, limited by shares, registered in England and Wales, registration number 4662085. The registered office is 19 Castle Street, Buckingham, BUCKINGHAMSHIRE, MK18 1BP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% on reducing balance & 15% on reducing balance
Computer equipment
33% on reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Sweet Dreams Lingerie Limited
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
365
6,136
842
7,343
At 28 February 2023
365
6,136
842
7,343
At 1 March 2022
185
6,134
742
7,061
Charge for the year
44
2
34
80
At 28 February 2023
229
6,136
776
7,141
At 28 February 2023
136
-
66
202
At 28 February 2022
180
2
100
282
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
14,013
13,196
Trade creditors
27,310
24,434
Taxes and social security
881
2,152
Other creditors
4,291
5,396
Loans from directors
128,599
108,205
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).