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REGISTERED NUMBER: 08978079 (England and Wales)













Unaudited Financial Statements for the Year Ended 30 April 2023

for

TRACEY MICHELLE LTD

TRACEY MICHELLE LTD (REGISTERED NUMBER: 08978079)






Contents of the Financial Statements
for the year ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TRACEY MICHELLE LTD

Company Information
for the year ended 30 April 2023







DIRECTOR: Mrs T M Douthwaite





REGISTERED OFFICE: Holly House
Old Cantley
South Burlingham
Norwich
Norfolk
NR13 4HA





REGISTERED NUMBER: 08978079 (England and Wales)





ACCOUNTANTS: Stephenson Smart
Chartered Accountants
Queens Head House
The Street
Acle
Norwich
NR13 3DY

TRACEY MICHELLE LTD (REGISTERED NUMBER: 08978079)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 15,334 17,184
15,334 17,184

CURRENT ASSETS
Stocks 21,274 23,422
Debtors 6 2,882 4,546
Cash at bank 13,611 18,891
37,767 46,859
CREDITORS
Amounts falling due within one year 7 15,501 18,410
NET CURRENT ASSETS 22,266 28,449
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,600

45,633

CREDITORS
Amounts falling due after more than one
year

8

(15,000

)

(25,000

)

PROVISIONS FOR LIABILITIES (3,307 ) (2,787 )
NET ASSETS 19,293 17,846

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 19,193 17,746
SHAREHOLDERS' FUNDS 19,293 17,846

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 24 November 2023 and were signed by:



Mrs T M Douthwaite - Director


TRACEY MICHELLE LTD (REGISTERED NUMBER: 08978079)

Notes to the Financial Statements
for the year ended 30 April 2023

1. STATUTORY INFORMATION

Tracey Michelle 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
Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant, machinery, fixtures and fittings - 15% on reducing balance
Computer equipment - 33.3% on cost
Motor vehicles - 25% on reducing balance

Inventories
Inventories have been valued at the lower of cost and net estimated selling price, less costs to sell.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, was amortised evenly over it's estimated useful life of three years.

3. EMPLOYEES AND DIRECTORS

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

TRACEY MICHELLE LTD (REGISTERED NUMBER: 08978079)

Notes to the Financial Statements - continued
for the year ended 30 April 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 5,000
AMORTISATION
At 1 May 2022
and 30 April 2023 5,000
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 52,408
Additions 2,584
At 30 April 2023 54,992
DEPRECIATION
At 1 May 2022 35,224
Charge for year 4,434
At 30 April 2023 39,658
NET BOOK VALUE
At 30 April 2023 15,334
At 30 April 2022 17,184

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 830 2,417
Other debtors 2,052 2,129
2,882 4,546

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 1,347 1,673
Taxation and social security 5,761 4,000
Other creditors 8,393 12,737
15,501 18,410

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.23 30.4.22
£    £   
Other creditors 15,000 25,000

TRACEY MICHELLE LTD (REGISTERED NUMBER: 08978079)

Notes to the Financial Statements - continued
for the year ended 30 April 2023

9. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the director £21,085 (2022 - £34,441) of which £15,000 (2022 - £25,000) is due after more than one year. Loan interest has been charged at a rate of 4% (2022 - 4%).

During the year the Company paid rent of £9,600 (2022 - £9,600) to the director.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs T M Douthwaite.