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REGISTERED NUMBER: 10390810 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

WHITE LACE AND BUTTERFLIES LTD

WHITE LACE AND BUTTERFLIES LTD (REGISTERED NUMBER: 10390810)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


WHITE LACE AND BUTTERFLIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Ms S A Miles
Ms A L Miles





REGISTERED OFFICE: 2 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX





REGISTERED NUMBER: 10390810 (England and Wales)





ACCOUNTANTS: Barber & Company
A trading name of PCM Accounting Limited
2 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

WHITE LACE AND BUTTERFLIES LTD (REGISTERED NUMBER: 10390810)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,141 3,214

CURRENT ASSETS
Stocks 5 64,533 50,350
Debtors 6 207,925 141,869
Cash at bank and in hand 6,295 27,232
278,753 219,451
CREDITORS
Amounts falling due within one year 7 283,567 193,519
NET CURRENT (LIABILITIES)/ASSETS (4,814 ) 25,932
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,327

29,146

PROVISIONS FOR LIABILITIES 1,212 611
NET ASSETS 2,115 28,535

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 2,015 28,435
SHAREHOLDERS' FUNDS 2,115 28,535

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

WHITE LACE AND BUTTERFLIES LTD (REGISTERED NUMBER: 10390810)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2023 and were signed on its behalf by:





Ms S A Miles - Director


WHITE LACE AND BUTTERFLIES LTD (REGISTERED NUMBER: 10390810)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

White Lace and Butterflies Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

WHITE LACE AND BUTTERFLIES LTD (REGISTERED NUMBER: 10390810)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2022 2,662 4,593 7,255
Additions - 6,963 6,963
At 31 March 2023 2,662 11,556 14,218
DEPRECIATION
At 1 April 2022 1,042 2,999 4,041
Charge for year 324 1,712 2,036
At 31 March 2023 1,366 4,711 6,077
NET BOOK VALUE
At 31 March 2023 1,296 6,845 8,141
At 31 March 2022 1,620 1,594 3,214

5. STOCKS
31.3.23 31.3.22
£    £   
Stocks 64,533 50,350

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 195,682 132,993
Other debtors 8,100 8,100
Prepayments and accrued income 4,143 776
207,925 141,869

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 67,729 27,929
Corporation tax 17,530 14,608
Social security and other taxes 30,790 25,675
Other creditors 42,736 24,028
Directors' current accounts 480 369
Accruals and deferred income 124,302 100,910
283,567 193,519

WHITE LACE AND BUTTERFLIES LTD (REGISTERED NUMBER: 10390810)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100