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REGISTERED NUMBER: 07839408 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Dress for the Occasions Limited

Dress for the Occasions Limited (Registered number: 07839408)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Dress for the Occasions Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: G T Laugharne





REGISTERED OFFICE: Williamston House
7 Goat Street
Haverfordwest
Pembrokeshire
SA61 1PX





REGISTERED NUMBER: 07839408 (England and Wales)

Dress for the Occasions Limited (Registered number: 07839408)

Abridged Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,035 949

CURRENT ASSETS
Stocks 26,831 30,483
Debtors 8,885 1,126
Cash at bank and in hand 999 635
36,715 32,244
CREDITORS
Amounts falling due within one year 38,932 33,846
NET CURRENT LIABILITIES (2,217 ) (1,602 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(182

)

(653

)

CREDITORS
Amounts falling due after more than one year (16,059 ) (21,886 )

PROVISIONS FOR LIABILITIES (386 ) (191 )
NET LIABILITIES (16,627 ) (22,730 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (16,629 ) (22,732 )
SHAREHOLDERS' FUNDS (16,627 ) (22,730 )

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 his 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.

Dress for the Occasions Limited (Registered number: 07839408)

Abridged Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 March 2024 and were signed by:





G T Laugharne - Director


Dress for the Occasions Limited (Registered number: 07839408)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Dress for the Occasions 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.

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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% 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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Revenue recognition
The company's turnover represents the amount derived from dress wear hire. The company recognises revenue when the sales invoice has been issued to the customer.

Dress for the Occasions Limited (Registered number: 07839408)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 4,736
Additions 1,607
At 31 March 2023 6,343
DEPRECIATION
At 1 April 2022 3,787
Charge for year 521
At 31 March 2023 4,308
NET BOOK VALUE
At 31 March 2023 2,035
At 31 March 2022 949

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
G T Laugharne
Balance outstanding at start of year 850 (1,067 )
Amounts advanced 24,480 16,378
Amounts repaid (18,473 ) (14,461 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,857 850

6. GOING CONCERN

These financial statements are prepared on the going concern basis, which assumes that the directors will provide adequate financial resources over future periods At the balance sheet date the company's liabilities exceeded its assets by £16,629.
Despite Covid-19 the directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future.