Jayne's Boutique Wales Limited 13220116 false 2021-02-23 2022-02-28 2022-02-28 The principal activity of the company is Retail sale of clothing Digita Accounts Production Advanced 6.30.9574.0 true true 13220116 2021-02-23 2022-02-28 13220116 2022-02-28 13220116 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-02-28 13220116 core:CurrentFinancialInstruments 2022-02-28 13220116 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 13220116 bus:SmallEntities 2021-02-23 2022-02-28 13220116 bus:AuditExemptWithAccountantsReport 2021-02-23 2022-02-28 13220116 bus:FullAccounts 2021-02-23 2022-02-28 13220116 bus:SmallCompaniesRegimeForAccounts 2021-02-23 2022-02-28 13220116 bus:RegisteredOffice 2021-02-23 2022-02-28 13220116 bus:Director1 2021-02-23 2022-02-28 13220116 bus:OrdinaryShareClass1 bus:CumulativeShares 2021-02-23 2022-02-28 13220116 bus:PrivateLimitedCompanyLtd 2021-02-23 2022-02-28 13220116 countries:Wales 2021-02-23 2022-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13220116

Jayne's Boutique Wales Limited trading as Jayne's Boutique Wales Ltd

REPORT OF THE DIRECTORS and Unaudited Financial Statements

for the Period from 23 February 2021 to 28 February 2022

 

Jayne's Boutique Wales Limited

trading as Jayne's Boutique Wales Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Jayne's Boutique Wales Limited

trading as Jayne's Boutique Wales Ltd

Company Information

Director

Miss KJ Rowland

Registered office

Forestry House
Brewery Road
Carmarthen
Carmarthenshire
SA31 1TF
 

Accountants

Wynne & Co
Chartered Accountants
Forestry House
Brewery Road
Carmarthen
Carmarthenshire
SA31 1TF

 

Jayne's Boutique Wales Limited

trading as Jayne's Boutique Wales Ltd

(Registration number: 13220116)
Balance Sheet as at 28 February 2022

Note

28 February
2022
£

Current assets

 

Stocks

4

32,011

Debtors

5

18,327

Cash at bank and in hand

 

3,728

 

54,066

Creditors: Amounts falling due within one year

6

(40,847)

Net assets

 

13,219

Capital and reserves

 

Called up share capital

7

100

Retained earnings

13,119

Shareholders' funds

 

13,219

For the financial period ending 28 February 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 September 2023
 

 

Jayne's Boutique Wales Limited

trading as Jayne's Boutique Wales Ltd

(Registration number: 13220116)
Balance Sheet as at 28 February 2022

.........................................
Miss KJ Rowland
Director

 

Jayne's Boutique Wales Limited

trading as Jayne's Boutique Wales Ltd

Notes to the Unaudited Financial Statements
for the Period from 23 February 2021 to 28 February 2022

1

General information

The company is a private company limited by share capital, incorporated in Wales.

The address of its registered office is:
Forestry House
Brewery Road
Carmarthen
Carmarthenshire
SA31 1TF
Wales

These financial statements were authorised for issue by the director on 19 September 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

 

Jayne's Boutique Wales Limited

trading as Jayne's Boutique Wales Ltd

Notes to the Unaudited Financial Statements
for the Period from 23 February 2021 to 28 February 2022

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

 

Jayne's Boutique Wales Limited

trading as Jayne's Boutique Wales Ltd

Notes to the Unaudited Financial Statements
for the Period from 23 February 2021 to 28 February 2022

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 2.

4

Stocks

28 February
2022
£

Other inventories

32,011

5

Debtors

Current

28 February
2022
£

Trade debtors

18,327

 

Jayne's Boutique Wales Limited

trading as Jayne's Boutique Wales Ltd

Notes to the Unaudited Financial Statements
for the Period from 23 February 2021 to 28 February 2022

6

Creditors

Creditors: amounts falling due within one year

28 February
2022
£

Due within one year

Trade creditors

302

Taxation and social security

114

Accruals and deferred income

1,922

Other creditors

38,509

40,847

7

Share capital

Allotted, called up and fully paid shares

 

28 February
2022

 

No.

£

Ordinary share of £1 each

100

100

     

8

Dividends

Interim dividends paid

   

28 February
2022
£

 

Interim dividend of £20.00 per each Ordinary share

 

2,000

 
       

9

Related party transactions

Director's remuneration

The director's remuneration for the period was as follows:

 

Jayne's Boutique Wales Limited

trading as Jayne's Boutique Wales Ltd

Notes to the Unaudited Financial Statements
for the Period from 23 February 2021 to 28 February 2022

2022
£

Remuneration

3,720