Accrington Baby Centre Ltd 08259233 false 2022-11-01 2023-10-31 2023-10-31 The principal activity of the company is Retailer of baby products Digita Accounts Production Advanced 6.30.9574.0 true 08259233 2022-11-01 2023-10-31 08259233 2023-10-31 08259233 bus:OrdinaryShareClass1 2023-10-31 08259233 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 08259233 bus:SmallEntities 2022-11-01 2023-10-31 08259233 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 08259233 bus:AbridgedAccounts 2022-11-01 2023-10-31 08259233 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 08259233 bus:RegisteredOffice 2022-11-01 2023-10-31 08259233 bus:Director2 2022-11-01 2023-10-31 08259233 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 08259233 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 08259233 core:FurnitureFittings 2022-11-01 2023-10-31 08259233 core:OfficeEquipment 2022-11-01 2023-10-31 08259233 countries:England 2022-11-01 2023-10-31 08259233 2021-11-01 2022-10-31 08259233 2022-10-31 08259233 bus:OrdinaryShareClass1 2022-10-31 08259233 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08259233

Accrington Baby Centre Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 October 2023

 

Accrington Baby Centre Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Accrington Baby Centre Ltd

Company Information

Director

Mrs Robina Kauser

Registered office

59a Abbey Street
Accrington
Lancashire
BB5 1EH

Accountants

A.Y.A ACCOUNTANTS
82 Blackburn Road
Accrington
Lancashire
BB5 1LL

 

Accrington Baby Centre Ltd

(Registration number: 08259233)
Abridged Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

11,168

9,368

Current assets

 

Stocks

25,065

30,330

Cash at bank and in hand

 

49,531

59,440

 

74,596

89,770

Creditors: Amounts falling due within one year

(11,280)

(26,887)

Net current assets

 

63,316

62,883

Total assets less current liabilities

 

74,484

72,251

Accruals and deferred income

 

(215)

(215)

Net assets

 

74,269

72,036

Capital and reserves

 

Called up share capital

4

2

2

Retained earnings

74,267

72,034

Shareholders' funds

 

74,269

72,036

For the financial year ending 31 October 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 year 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 and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 9 April 2024
 

 

Accrington Baby Centre Ltd

(Registration number: 08259233)
Abridged Balance Sheet as at 31 October 2023

.........................................
Mrs Robina Kauser
Director

 

Accrington Baby Centre Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2023

1

General information

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

The address of its registered office is:
59a Abbey Street
Accrington
Lancashire
BB5 1EH
England

The principal place of business is:
59a Abbey Street
Accrington
Lancashire
BB5 1EH
Lancashire

These financial statements were authorised for issue by the director on 9 April 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 abridged 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 abridged 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.

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 tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Accrington Baby Centre Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2023

The current income 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.

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

Fixtures and Fittings

20% reducing balance

Office Equipment

20% reducing balance

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

 

Accrington Baby Centre Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2023

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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2022 - 4).

4

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary £1 Shares of £1 each

2

2

2

2