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Company Registration No. 7689023 (England and Wales)
ANNABEL'S - LUXURY GIFT EMPORIUM LIMITED Unaudited accounts for the year ended 30 June 2023
ANNABEL'S - LUXURY GIFT EMPORIUM LIMITED Unaudited accounts Contents
Page
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ANNABEL'S - LUXURY GIFT EMPORIUM LIMITED Company Information for the year ended 30 June 2023
Directors
Jennifer Knott Robert Lynch
Company Number
7689023 (England and Wales)
Registered Office
GROUND FLOOR 2 WOODBERRY GROVE NORTH FINCHLEY LONDON N12 0DR
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ANNABEL'S - LUXURY GIFT EMPORIUM LIMITED Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
3,797 
5,063 
Tangible assets
6,622 
9,602 
10,419 
14,665 
Current assets
Inventories
328,954 
340,674 
Debtors
9,749 
12,047 
Cash at bank and in hand
13,065 
6,016 
351,768 
358,737 
Creditors: amounts falling due within one year
(39,460)
(31,697)
Net current assets
312,308 
327,040 
Total assets less current liabilities
322,727 
341,705 
Creditors: amounts falling due after more than one year
(1,656,983)
(1,537,464)
Provisions for liabilities
Deferred tax
(1,980)
(2,786)
Net liabilities
(1,336,236)
(1,198,545)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(1,336,238)
(1,198,547)
Shareholders' funds
(1,336,236)
(1,198,545)
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 directors acknowledge their 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 of Directors and authorised for issue on 4 April 2024 and were signed on its behalf by
Jennifer Knott Director Company Registration No. 7689023
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ANNABEL'S - LUXURY GIFT EMPORIUM LIMITED Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
ANNABEL'S - LUXURY GIFT EMPORIUM LIMITED is a private company, limited by shares, registered in England and Wales, registration number 7689023. The registered office is GROUND FLOOR, 2 WOODBERRY GROVE, NORTH FINCHLEY, LONDON, N12 0DR.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
33.33% Straightline
Other tangible fixed assets
Leasehold Improvements - Straight Line over the life of the lease
Intangible fixed assets
Intangible fixed assets (including capitalsied legal costs on start up are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
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ANNABEL'S - LUXURY GIFT EMPORIUM LIMITED Notes to the Accounts for the year ended 30 June 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 July 2022
18,988 
At 30 June 2023
18,988 
Amortisation
At 1 July 2022
13,925 
Charge for the year
1,266 
At 30 June 2023
15,191 
Net book value
At 30 June 2023
3,797 
At 30 June 2022
5,063 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 July 2022
20,614 
12,509 
21,852 
12,420 
67,395 
At 30 June 2023
20,614 
12,509 
21,852 
12,420 
67,395 
Depreciation
At 1 July 2022
15,131 
10,431 
20,572 
11,659 
57,793 
Charge for the year
1,378 
520 
321 
761 
2,980 
At 30 June 2023
16,509 
10,951 
20,893 
12,420 
60,773 
Net book value
At 30 June 2023
4,105 
1,558 
959 
- 
6,622 
At 30 June 2022
5,483 
2,078 
1,280 
761 
9,602 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
9,749 
12,047 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
13,949 
4,877 
Taxes and social security
3,837 
11,607 
Other creditors
21,225 
15,213 
Accruals
449 
- 
39,460 
31,697 
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ANNABEL'S - LUXURY GIFT EMPORIUM LIMITED Notes to the Accounts for the year ended 30 June 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
1,656,983 
1,537,464 
The entire balance of Creditors due after more than one year is the Director's Loan Account of Jennifer Knott. There are no terms for the repayment of this loan, and no interest is being charged
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
10
Average number of employees
During the year the average number of employees was 8 (2022: 9).
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