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Company Registration No. 06658339 (England and Wales)
Babylicious (1988) Ltd Unaudited accounts for the year ended 31 December 2022
Babylicious (1988) Ltd Unaudited accounts Contents
Page
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Babylicious (1988) Ltd Company Information for the year ended 31 December 2022
Directors
Joan Davidson Ian Davidson
Company Number
06658339 (England and Wales)
Registered Office
90a Market Street Hoylake Wirral CH47 3BD
Accountants
Affordable Accountancy Ltd 23a Hawthorne Drive Heswall Wirral Merseyside CH61 6UP
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Babylicious (1988) Ltd Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,267 
5,020 
Current assets
Inventories
100,161 
76,736 
Cash at bank and in hand
175 
1,198 
100,336 
77,934 
Creditors: amounts falling due within one year
(160,715)
(143,598)
Net current liabilities
(60,379)
(65,664)
Total assets less current liabilities
(56,112)
(60,644)
Creditors: amounts falling due after more than one year
(36,023)
(46,256)
Net liabilities
(92,135)
(106,900)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(92,137)
(106,902)
Shareholders' funds
(92,135)
(106,900)
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2023 and were signed on its behalf by
Ian Davidson Director Company Registration No. 06658339
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Babylicious (1988) Ltd Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
Babylicious (1988) Ltd is a private company, limited by shares, registered in England and Wales, registration number 06658339. The registered office is 90a Market Street, Hoylake, Wirral, CH47 3BD .
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% reducing Balance
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 January 2022
23,271 
At 31 December 2022
23,271 
Depreciation
At 1 January 2022
18,251 
Charge for the year
753 
At 31 December 2022
19,004 
Net book value
At 31 December 2022
4,267 
At 31 December 2021
5,020 
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Babylicious (1988) Ltd Notes to the Accounts for the year ended 31 December 2022
5
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
11,075 
3,293 
Trade creditors
101,312 
80,881 
Loans from directors
48,328 
59,424 
160,715 
143,598 
6
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
36,023 
46,256 
7
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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