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REGISTERED NUMBER: 11224507 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

BRIDAL TREASURES LTD

BRIDAL TREASURES LTD (REGISTERED NUMBER: 11224507)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRIDAL TREASURES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Ms N Spurrell
Mr M P Spurrell





REGISTERED OFFICE: 1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA





REGISTERED NUMBER: 11224507 (England and Wales)





ACCOUNTANTS: Mackenzies
Chartered Accountants
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

BRIDAL TREASURES LTD (REGISTERED NUMBER: 11224507)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 12,875 11,980

CURRENT ASSETS
Stocks 5 86,500 75,000
Debtors 6 1,130 1,584
Cash at bank 16,133 16,199
103,763 92,783
CREDITORS
Amounts falling due within one year 7 119,239 93,029
NET CURRENT LIABILITIES (15,476 ) (246 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,601

)

11,734

CREDITORS
Amounts falling due after more than one
year

8

3,426

6,808
NET (LIABILITIES)/ASSETS (6,027 ) 4,926

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (6,028 ) 4,925
(6,027 ) 4,926

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

BRIDAL TREASURES LTD (REGISTERED NUMBER: 11224507)

BALANCE SHEET - continued
28 FEBRUARY 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 13 October 2023 and were signed on its behalf by:





Ms N Spurrell - Director


BRIDAL TREASURES LTD (REGISTERED NUMBER: 11224507)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Bridal Treasures 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.

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.

Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

BRIDAL TREASURES LTD (REGISTERED NUMBER: 11224507)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 March 2022 13,100 6,741 19,841
Additions 395 4,270 4,665
At 28 February 2023 13,495 11,011 24,506
DEPRECIATION
At 1 March 2022 6,042 1,819 7,861
Charge for year 1,838 1,932 3,770
At 28 February 2023 7,880 3,751 11,631
NET BOOK VALUE
At 28 February 2023 5,615 7,260 12,875
At 28 February 2022 7,058 4,922 11,980

5. STOCKS
2023 2022
£ £
Stock 86,500 75,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 1,130 1,584

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 4,785 4,567
Social security and other taxes - 313
Other creditors - 98
Directors' current accounts 112,871 86,258
Accrued expenses 1,583 1,793
119,239 93,029

Other creditors consist of an amount due on account of pension.

BRIDAL TREASURES LTD (REGISTERED NUMBER: 11224507)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans - 1-2 years 2,537 4,567
Bank loans - 2-5 years 889 2,241
3,426 6,808

9. ULTIMATE CONTROLLING PARTY

Director Nicola Spurrell is ultimate controlling party by virtue of her 100% share holding in this comapny.