6 MARCH 2024
ROSSETTI BRIDES LIMITED
Registered in England & Wales No. 4544598
FILLETED FINANCIAL ACCOUNTS
FOR THE PERIOD
1 OCTOBER 2022 TO 30 SEPTEMBER 2023
ACCOUNTING POLICIES
Accounting convention
The financial statements within the annual report have been prepared on the going concern basis and are in compliance with section 1A of the financial reporting standard 102 applicable in the United Kingdom.
Deferred taxation
Provision is made for at the appropriate or current tax rate in respect of any possible liability due to timing differences between recognition of events for taxation and accounting purposes. Recognition of any possible asset due to timing differences as above is only recognised to the extent that recovery is reasonably certain.
Revenue
Revenue represents income in respect of goods or services possession of which has passed to customers in the normal course of activity, and for which those customers have become liable during the period. It is stated net of any tax that is passed on to, or offset against amounts due from, taxing authorities.
FINANCIAL POSITION
As at 30 September 2023 2022
Notes £ £
Current assets
Trade and other receivables 2 2,159 2,346
Cash and cash equivalents 3 21,314 35,252
23,473 37,598
Current liabilities
Due not later than one year
Trade and other payables 4 (475) (675)
Taxation 5 (0) (50)
Other financial liabilities 6 (700) (100)
Net current assets 22,298 36,773
Non-current liabilities
Due later than one and not later than five years 7 (0) (700)
22,298 36,073
Equity
Share capital 8 1 1
Distributable reserves 22,297 36,072
22,298 36,073
The company is registered in England & Wales under no. 4544598 and is subject to the Companies Act 2006 in its various sections.
The directors acknowledge their responsibilities under section 386 of the Act for the maintenance of adequate accounting records and under section 394 of the Act for the preparation of financial statements.
For the period to 30 September 2023, the date of this financial position statement, the company qualified as small under section 382 of the Act. Members have not required the company to obtain an audit of its financial statements under section 476 of the Act.
The company is entitled, as a small company, to exemption under section 477 of the Companies Act 2006 from the statutory requirement for audited financial statements.
In conformity with section 444 of the Act, the form of these accounts delivered to the registrar of companies; in accordance with the provisions applicable to companies subject to the small companies regime, may be prepared by the removal of any reports, statements of movements in equity, income and expenses, and cash flows; but this filleted form delivers, as a minimum, the statements of accounting policies, financial position and notes thereto.
Approved and authorised for issue by the board on 6 March 2024 and signed on its behalf.
J-A Y Sewell
Director
NOTES TO THE FILLETED ACCOUNTS
2023 2022
£ £
1 Accounting Policies
The accounting policies are set out in full in a preceding statement.
2 Trade and other receivables
Prepayments 352 539
Amounts due from directors 662 662
Amounts due from taxation authorities 1,145 1,145
2,159 2,346
3 Cash and cash equivalents
Bank deposits at three months or less 21,037 34,304
Bank current account 277 948
21,314 35,252
4 Current trade and other payables
Accruals (475) (675)
5 Current taxation
Taxation collected 0 (50)
6 Other financial liabilities due not later than one year
Deferred income (700) 0
Other 0 (100)
(700) (100)
7 Liabilities due later than one but not later than five years
Others 0 (700)
8 Share capital
The company is a private company limited by share capital
2023 2022
Number Number
Equity ordinary shares of £1 each 10,000 10,000
Ordinary
Allotted, called up and fully paid 1 1 1 1
9 Ultimate control
The company is controlled by the director.
10 Commitments
Capital expenditure
There are no capital commitments.
11 Related party transactions
Key management personnel
Directors and their relationships
Balances at period end
Amounts due from
Mrs J A Sewell 662 662
Transactions during the period
Remuneration 480 480
Dividends
Directors 10,000 10,000
Remuneration of family members 3,900 3,900
12 Activity
The principal activity continues to be that of retailing bridal wear.
13 Employees (including directors)
2023 2022
Average during the period Number Number
2 2
ADMINISTRATION AND ADVISERS
Bankers Santander UK PLC
Accountants Cramptons
25A St Matthews Road
Torquay
TQ2 6JA
Office Greenbank
Stoke Road
Maidencombe
Torquay
TQ1 4TQ
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