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REGISTERED NUMBER: 10487359 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

THE BRIDAL BARN BOUTIQUE LIMITED

THE BRIDAL BARN BOUTIQUE LIMITED (REGISTERED NUMBER: 10487359)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE BRIDAL BARN BOUTIQUE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: E J McGee





REGISTERED OFFICE: 177 Wigan Road
Lathom
Ormskirk
Lancashire
L40 6JN





REGISTERED NUMBER: 10487359 (England and Wales)





ACCOUNTANTS: C A Hunter Limited
Britannia Chambers
26 George Street
St Helens
Merseyside
WA10 1BZ

THE BRIDAL BARN BOUTIQUE LIMITED (REGISTERED NUMBER: 10487359)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,195 7,971

CURRENT ASSETS
Stocks 5 12,333 16,607
Debtors 6 12,034 13,030
Cash at bank and in hand 29,857 32,981
54,224 62,618
CREDITORS
Amounts falling due within one year 7 16,805 15,729
NET CURRENT ASSETS 37,419 46,889
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,614

54,860

CREDITORS
Amounts falling due after more than one
year

8

(10,000

)

(20,000

)

PROVISIONS FOR LIABILITIES (797 ) (1,514 )
NET ASSETS 30,817 33,346

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 30,717 33,246
30,817 33,346

THE BRIDAL BARN BOUTIQUE LIMITED (REGISTERED NUMBER: 10487359)

BALANCE SHEET - continued
31 MARCH 2023


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 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 16 November 2023 and were signed by:





E J McGee - Director


THE BRIDAL BARN BOUTIQUE LIMITED (REGISTERED NUMBER: 10487359)

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

1. STATUTORY INFORMATION

The Bridal Barn Boutique 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.

Since the 31st March 2020 balance sheet date the coronavirus pandemic has had a significant impact upon the UK economy . The director has taken all possible steps throughout the initial lockdown phase and afterwards to protect the company's assets and to ensure it is well placed to continue trading once the pandemic has passed.

The company, in common with the wedding industry as a whole, has seen a reduction in activity since March 2020 as a direct result of the pandemic conditions.

The director has agreed that some £20,000 of directors loan account funding provided to the company will not be considered for repayment until at least April 2023. With this step, together with government coronavirus support grant funding,the director considers that the company has sufficient liquid resources to to prepare the 31st March 2022 financial statements on the going concern basis.

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.
Improvements to property - 15% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 15% on cost
Computer equipment - 33% on cost

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 balance sheet date.


THE BRIDAL BARN BOUTIQUE LIMITED (REGISTERED NUMBER: 10487359)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 26,677
Additions 763
At 31 March 2023 27,440
DEPRECIATION
At 1 April 2022 18,706
Charge for year 4,539
At 31 March 2023 23,245
NET BOOK VALUE
At 31 March 2023 4,195
At 31 March 2022 7,971

5. STOCKS
31.3.23 31.3.22
£    £   
Stocks 12,333 16,607

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 11,731 12,788
Prepayments 303 242
12,034 13,030

THE BRIDAL BARN BOUTIQUE LIMITED (REGISTERED NUMBER: 10487359)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 441 3,305
Tax 2,885 5,370
Directors' current accounts 10,659 5,554
Accrued expenses 2,820 1,500
16,805 15,729

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Directors' loan accounts 10,000 20,000

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director has indicated that £10,000 of the directors loan account funding will not be considered for repayment by the company until April 2024 at the earliest date (2022: £20,000).

As a result this funding is treated as a creditor falling due in more than one year in the 31st March 2023 financial statements.

10. COVID-19

On 11 March 2020 the World Health Organisation declared an international public health emergency as a result of the outbreak of coronavirus (COVID-19). Following this declaration the UK government announced a series of support measures for businesses owing to the economic disruption caused by the pandemic. The company has made use of such measures where appropriate to its circumstances.