Registration number:
Charlotte Rhys UK Limited
for the Year Ended 28 February 2023
Charlotte Rhys UK Limited
Contents
Company Information |
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Directors' Report |
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Profit and loss account |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Charlotte Rhys UK Limited
Company Information
Directors |
S McDermott J M Spyropoulos |
Registered office |
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Accountants |
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Charlotte Rhys UK Limited
Directors' Report for the Year Ended 28 February 2023
The directors present their report and the financial statements for the year ended 28 February 2023.
Principal activity
The principal activity of the company is wholesale of perfume and cosmetics.
Directors of the company
The directors who held office during the year were as follows:
Small companies provision statement
The directors have taken advantage of the small companies exemptions provided by sections 414B and 415A of the Companies Act 2006 from the requirement to prepare a strategic report and in preparing the directors’ report on the grounds that the company is entitled to prepare its accounts for the year in accordance with the small companies regime.
Approved and authorised by the
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Charlotte Rhys UK Limited
Profit and loss account
for the Year Ended 28 February 2023
Note |
2023 |
2022 |
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Turnover |
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Cost of sales |
( |
( |
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Gross profit |
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Administrative expenses |
( |
( |
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Operating loss |
( |
( |
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Loss before tax |
( |
( |
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Loss for the financial year |
( |
( |
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Retained earnings brought forward |
(45,091) |
(44,795) |
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Retained earnings carried forward |
(48,832) |
(45,134) |
Charlotte Rhys UK Limited
(Registration number: 07717396)
Balance Sheet as at 28 February 2023
Note |
2023 |
2022 |
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Current assets |
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Stock |
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Debtors |
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Cash at bank and in hand |
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Payables: Amounts falling due within one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reservies |
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Called up share capital |
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Retained earnings |
( |
( |
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Shareholders' deficit |
( |
( |
For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements of Charlotte Rhys UK Limited were approved and authorised for issue by the
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Director
Charlotte Rhys UK Limited
Notes to the Unaudited Financial Statements
for the Year Ended 28 February 2023
General information |
Charlotte Rhys UK Limited (the 'company') is a private company limited by share capital, registered in England and Wales under the Companies Act. The address of the registered office is given on page 1. The nature of the company’s operations and its principal activities are set out in the directors' report on page 2.
Accounting policies |
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).
Going concern
The financial statements have been prepared on a going concern basis. The company continues to rely on financial support from its South African associate company, Charlotte Rhys Manufacturing (Pty) Limited. Should the going concern basis of accounting cease to be appropriate, adjustments may be necessary to reduce the value of assets to their recoverable amounts accordingly.
Critical judgements and key sources of estimation uncertainties
There were no key sources of estimation uncertainties or critical judgements made by the directors in the process of applying the company’s accounting policies with significant effect on the amounts recognised in the financial statements.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities net of value added tax, returns, rebates and discounts. The Company recognises revenue when the amount of revenue can be reliably measured, and it is probable that future economic benefits will flow to the entity.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and held at bank.
Charlotte Rhys UK Limited
Notes to the Unaudited Financial Statements
for the Year Ended 28 February 2023 (continued)
2 |
Accounting policies (continued) |
Stock
Stocks comprise finished goods.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Financial instruments
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Stock |
2023 |
2022 |
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Other inventories |
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Debtors |
2023 |
2022 |
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Trade receivables |
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Other debtors |
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Charlotte Rhys UK Limited
Notes to the Unaudited Financial Statements
for the Year Ended 28 February 2023 (continued)
Creditors |
Creditors: amounts falling due within one year
2023 |
2022 |
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Due within one year |
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Trade payable |
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Other creditors |
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Accruals |
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Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
Related party transactions |
Summary of transactions with other related parties