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REGISTERED NUMBER: 04724885 (England and Wales)















ETERNALLY YOURS BRIDALWEAR LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022






ETERNALLY YOURS BRIDALWEAR LIMITED (REGISTERED NUMBER: 04724885)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


ETERNALLY YOURS BRIDALWEAR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2022







DIRECTOR: Mrs H M Henderson





REGISTERED OFFICE: 64 Baldertongate
Newark
Nottinghamshire
NG24 1UN





REGISTERED NUMBER: 04724885 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

ETERNALLY YOURS BRIDALWEAR LIMITED (REGISTERED NUMBER: 04724885)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 10,336 4,096

CURRENT ASSETS
Inventories 65,275 56,370
Debtors 5 43,043 11,322
Cash at bank 2,651 8,106
110,969 75,798
CREDITORS
Amounts falling due within one year 6 77,285 32,778
NET CURRENT ASSETS 33,684 43,020
TOTAL ASSETS LESS CURRENT LIABILITIES 44,020 47,116

CREDITORS
Amounts falling due after more than one year 7 (18,170 ) (22,000 )

PROVISIONS FOR LIABILITIES (1,964 ) (778 )
NET ASSETS 23,886 24,338

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 23,885 24,337
SHAREHOLDERS' FUNDS 23,886 24,338

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 14 November 2023 and were signed by:





Mrs H M Henderson - Director


ETERNALLY YOURS BRIDALWEAR LIMITED (REGISTERED NUMBER: 04724885)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022

1. STATUTORY INFORMATION

Eternally Yours Bridalwear 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.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving items.

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.


ETERNALLY YOURS BRIDALWEAR LIMITED (REGISTERED NUMBER: 04724885)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2022

2. ACCOUNTING POLICIES - continued
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 3 (2021 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST
At 1 July 2021 24,302
Additions 8,824
At 30 June 2022 33,126
DEPRECIATION
At 1 July 2021 20,206
Charge for year 2,584
At 30 June 2022 22,790
NET BOOK VALUE
At 30 June 2022 10,336
At 30 June 2021 4,096

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 42,119 6,105
Other debtors 924 5,217
43,043 11,322

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 4,543 8,523
Trade creditors 44,946 6,612
Taxation and social security 15,750 12,563
Other creditors 12,046 5,080
77,285 32,778

ETERNALLY YOURS BRIDALWEAR LIMITED (REGISTERED NUMBER: 04724885)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 18,170 22,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,542 5,500

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
1 Ordinary A £1 1 1

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2022 and 30 June 2021:

2022 2021
£    £   
Mrs H M Henderson
Balance outstanding at start of year - 1,309
Amounts repaid - (1,309 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -