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SARAH FEATHER DESIGN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






SARAH FEATHER DESIGN LIMITED (REGISTERED NUMBER: 03366744)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SARAH FEATHER DESIGN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mrs S E Feather





REGISTERED OFFICE: Arch 76
Queens Circus
326-342 Queenstown Road
London
SW8 4NE





REGISTERED NUMBER: 03366744 (England and Wales)





ACCOUNTANTS: Wilkinson and Partners
Moors House
11 South Hawksworth Street
Ilkley
West Yorkshire
LS29 9DX

SARAH FEATHER DESIGN LIMITED (REGISTERED NUMBER: 03366744)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,199 12,254

CURRENT ASSETS
Stocks 15,151 6,400
Debtors 5 834,553 824,030
Cash at bank 596,877 108,015
1,446,581 938,445
CREDITORS
Amounts falling due within one year 6 459,948 263,130
NET CURRENT ASSETS 986,633 675,315
TOTAL ASSETS LESS CURRENT LIABILITIES 1,003,832 687,569

PROVISIONS FOR LIABILITIES 7 3,268 2,328
NET ASSETS 1,000,564 685,241

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,000,464 685,141
SHAREHOLDERS' FUNDS 1,000,564 685,241

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 her 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.

SARAH FEATHER DESIGN LIMITED (REGISTERED NUMBER: 03366744)

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.

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 21 December 2023 and were signed by:





Mrs S E Feather - Director


SARAH FEATHER DESIGN LIMITED (REGISTERED NUMBER: 03366744)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Sarah Feather Design 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.
Improvements to property - 20% on cost
Equipment - 25% on reducing balance

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

SARAH FEATHER DESIGN LIMITED (REGISTERED NUMBER: 03366744)

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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to
property Equipment Totals
£    £    £   
COST
At 1 April 2022 7,158 41,559 48,717
Additions - 13,680 13,680
At 31 March 2023 7,158 55,239 62,397
DEPRECIATION
At 1 April 2022 5,849 30,614 36,463
Charge for year 715 8,020 8,735
At 31 March 2023 6,564 38,634 45,198
NET BOOK VALUE
At 31 March 2023 594 16,605 17,199
At 31 March 2022 1,309 10,945 12,254

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 579,693 259,895
Other debtors 254,860 564,135
834,553 824,030

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 164,301 70,849
Taxation and social security 214,648 108,008
Other creditors 80,999 84,273
459,948 263,130

7. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 3,268 2,328

SARAH FEATHER DESIGN LIMITED (REGISTERED NUMBER: 03366744)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2022 2,328
Charge to Statement of Income and Retained Earnings during year 940
Accelerated capital allowances
Balance at 31 March 2023 3,268

The entire provision for deferred taxation is in respect of accelerated capital allowances.

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary shares £1 100 100

9. 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
£    £   
Mrs S E Feather
Balance outstanding at start of year 482,262 73,362
Amounts advanced 305,110 683,900
Amounts repaid (573,000 ) (275,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 214,372 482,262

The director's loan is interest free and repayable on demand.

Of the loan outstanding at 31 March 2023, £131,522 was repaid by 21 December 2023.

10. RELATED PARTY DISCLOSURES



Mrs S E Feather is a director and the sole shareholder.

Bank facilities are secured by personal guarantees given by Mrs S E Feather and her family, in addition to a debenture over all of the company's assets.