Company Registration No. 13444410 (England and Wales)
THE BRAIDING VAULT LTD
Unaudited accounts
for the year ended 30 June 2023
THE BRAIDING VAULT LTD
Unaudited accounts
Contents
THE BRAIDING VAULT LTD
Company Information
for the year ended 30 June 2023
Director
Yetunde Joy Oluwatoyin ADESANYA
Company Number
13444410 (England and Wales)
Registered Office
483 Finchley Road
London
NW3 6HS
England
THE BRAIDING VAULT LTD
Statement of financial position
as at 30 June 2023
Tangible assets
14,863
15,466
Cash at bank and in hand
3,843
691
Creditors: amounts falling due within one year
(68,484)
(56,609)
Net current liabilities
(63,241)
(43,418)
Net liabilities
(48,378)
(27,952)
Called up share capital
10
10
Profit and loss account
(48,388)
(27,962)
Shareholders' funds
(48,378)
(27,952)
For the year ending 30 June 2023 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 director acknowledges her 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 and authorised for issue on 19 February 2024 and were signed on its behalf by
Yetunde Joy Oluwatoyin ADESANYA
Director
Company Registration No. 13444410
THE BRAIDING VAULT LTD
Notes to the Accounts
for the year ended 30 June 2023
THE BRAIDING VAULT LTD is a private company, limited by shares, registered in England and Wales, registration number 13444410. The registered office is 483 Finchley Road, London, NW3 6HS, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
18% on reducing balance
Computer equipment
18% on reducing balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2022
-
15,556
3,306
18,862
At 30 June 2023
2,660
15,556
3,306
21,522
At 1 July 2022
-
2,800
596
3,396
Charge for the year
479
2,296
488
3,263
At 30 June 2023
479
5,096
1,084
6,659
At 30 June 2023
2,181
10,460
2,222
14,863
At 30 June 2022
-
12,756
2,710
15,466
Amounts falling due after more than one year
THE BRAIDING VAULT LTD
Notes to the Accounts
for the year ended 30 June 2023
6
Creditors: amounts falling due within one year
2023
2022
Other creditors
48,400
40,000
Loans from directors
18,884
16,609
7
Average number of employees
During the year the average number of employees was 3 (2022: 1).