Company Registration No. 12471101 (England and Wales)
TWILIGHT FRAGRANCES LIMITED
Financial Statements
for the year ended 31 March 2023
TWILIGHT FRAGRANCES LIMITED
Financial Statements
Contents
TWILIGHT FRAGRANCES LIMITED
Company Information
for the year ended 31 March 2023
Company Number
12471101 (England and Wales)
Registered Office
Unit 4 Imperial Park Business Centre
Stonefield Way
Ruislip
HA4 0JW
Accountants
Caat Advisory Ltd
Studio 19a Oru Space Sutton
7 Throwley Way
Sutton
SM1 4AF
TWILIGHT FRAGRANCES LIMITED
Statement of financial position
as at 31 March 2023
Debtors
1,200,700
1,560,813
Cash at bank and in hand
32
-
Creditors: amounts falling due within one year
(1,073,922)
(1,509,587)
Net current assets
126,810
51,226
Called up share capital
100
100
Profit and loss account
126,740
51,156
Shareholders' funds
126,840
51,256
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 22 December 2023 and were signed on its behalf by
Saajan Thakrar
Director
Company Registration No. 12471101
TWILIGHT FRAGRANCES LIMITED
Notes to the Accounts
for the year ended 31 March 2023
TWILIGHT FRAGRANCES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12471101. The registered office is Unit 4 Imperial Park Business Centre, Stonefield Way, Ruislip, HA4 0JW.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Interest receivable relates to interest charged on loans and is recognised on an accruals basis using the loan interest rate charged and includes related loan arrangement fees.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Investments
Subsidiary undertakings
Valuation at 1 April 2022
30
Valuation at 31 March 2023
30
This represents a 30% investment in Phoenix Beauty Ltd a company registered in England.
Amounts falling due within one year
Amounts due from group undertakings etc.
1,200,600
1,560,713
TWILIGHT FRAGRANCES LIMITED
Notes to the Accounts
for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
29,278
13,829
Other creditors
1,044,644
1,495,758
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Transactions with related parties
Mr Saajan Thakrar is director of Imperial Pharmaceuticals Limited and this company is owed £1,043,217 as at 31st March 2023 ( 2022- £1,494,330). Phoenix Beauty Ltd, in which the company has a 30% shareholding, owes £1,198,405 as at 31st March 2023 ( 2022 - £1,560,713). Interest is payable/receivable on these loans.
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).