Bikini Love by Annabelle Edgar Ltd 11767541 false 2022-04-01 2023-03-29 2023-03-29 The principal activity of the company is that of retail sale of clothing in specialised stores Digita Accounts Production Advanced 6.30.9574.0 true true 11767541 2022-04-01 2023-03-29 11767541 2023-03-29 11767541 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-03-29 11767541 core:CurrentFinancialInstruments 2023-03-29 11767541 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-29 11767541 core:Non-currentFinancialInstruments 2023-03-29 11767541 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-29 11767541 core:FurnitureFittingsToolsEquipment 2023-03-29 11767541 bus:SmallEntities 2022-04-01 2023-03-29 11767541 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-29 11767541 bus:FilletedAccounts 2022-04-01 2023-03-29 11767541 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-29 11767541 bus:RegisteredOffice 2022-04-01 2023-03-29 11767541 bus:Director1 2022-04-01 2023-03-29 11767541 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-04-01 2023-03-29 11767541 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-29 11767541 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-29 11767541 core:OfficeEquipment 2022-04-01 2023-03-29 11767541 countries:EnglandWales 2022-04-01 2023-03-29 11767541 2022-03-31 11767541 core:FurnitureFittingsToolsEquipment 2022-03-31 11767541 2021-04-01 2022-03-31 11767541 2022-03-31 11767541 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-03-31 11767541 core:CurrentFinancialInstruments 2022-03-31 11767541 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 11767541 core:Non-currentFinancialInstruments 2022-03-31 11767541 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 11767541 core:FurnitureFittingsToolsEquipment 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11767541

Bikini Love by Annabelle Edgar Ltd

Unaudited Filleted Financial Statements

for the Period from 1 April 2022 to 29 March 2023

 

Bikini Love by Annabelle Edgar Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Bikini Love by Annabelle Edgar Ltd

(Registration number: 11767541)
Balance Sheet as at 29 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

-

250

Current assets

 

Stocks

11,850

11,850

Cash at bank and in hand

 

584

948

 

12,434

12,798

Creditors: Amounts falling due within one year

5

(12,914)

(7,805)

Net current (liabilities)/assets

 

(480)

4,993

Total assets less current liabilities

 

(480)

5,243

Creditors: Amounts falling due after more than one year

5

(7,733)

(8,667)

Net liabilities

 

(8,213)

(3,424)

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

(8,313)

(3,524)

Shareholders' deficit

 

(8,213)

(3,424)

For the financial period ending 29 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 March 2024
 

.........................................
Ms L Edgar
Director

 

Bikini Love by Annabelle Edgar Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 29 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
39 Alma Avenue
Foulridge
Colne
Lancashire
BB8 7NS

These financial statements were authorised for issue by the director on 5 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The company relies on the continuing support of the director, and the director has indicated that this support will continue. On this basis, the director consider it appropriate to prepare the financial statements on a going concern basis.

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. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Bikini Love by Annabelle Edgar Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 29 March 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% per annum straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Bikini Love by Annabelle Edgar Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 29 March 2023

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 2 (2022 - 3).

4

Tangible assets

Office equipment
£

Total
£

Cost

At 1 April 2022

1,000

1,000

At 29 March 2023

1,000

1,000

Depreciation

At 1 April 2022

750

750

Charge for the period

250

250

At 29 March 2023

1,000

1,000

Net book value

At 29 March 2023

-

-

At 31 March 2022

250

250

 

Bikini Love by Annabelle Edgar Ltd

Notes to the Unaudited Financial Statements for the Period from 1 April 2022 to 29 March 2023

5

Creditors

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

12,890

7,055

Trade creditors

 

24

-

Taxation and social security

 

-

4

Accruals and deferred income

 

-

480

Other creditors

 

-

266

 

12,914

7,805

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

7,733

8,667

6

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

7

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

7,733

8,667

Current loans and borrowings

2023
£

2022
£

Bank borrowings

1,000

1,000

Other borrowings

11,890

6,055

12,890

7,055