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REGISTERED NUMBER: SC324487 (Scotland)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Bijoux Bridal Limited

Bijoux Bridal Limited (Registered number: SC324487)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

Bijoux Bridal Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: G W Speirs





REGISTERED OFFICE: 48 Castle Street
Hamilton
ML3 6BU





REGISTERED NUMBER: SC324487 (Scotland)





ACCOUNTANTS: Gordon Ferguson & Co Ltd
76 Hamilton Road
Motherwell
Lanarkshire
ML1 3BY

Bijoux Bridal Limited (Registered number: SC324487)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,361 1,945
Tangible assets 5 57,396 46,748
58,757 48,693

CURRENT ASSETS
Stocks 143,625 150,598
Debtors 6 16,059 16,261
Cash at bank 70,090 54,215
229,774 221,074
CREDITORS
Amounts falling due within one year 7 107,149 143,518
NET CURRENT ASSETS 122,625 77,556
TOTAL ASSETS LESS CURRENT
LIABILITIES

181,382

126,249

PROVISIONS FOR LIABILITIES 10,905 7,932
NET ASSETS 170,477 118,317

CAPITAL AND RESERVES
Called up share capital 105 105
Retained earnings 170,372 118,212
170,477 118,317

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 February 2024 and were signed by:





G W Speirs - Director


Bijoux Bridal Limited (Registered number: SC324487)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Bijoux Bridal Limited is a private company, limited by shares , registered in Scotland. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

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 Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Bijoux Bridal Limited (Registered number: SC324487)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 2,917
AMORTISATION
At 1 January 2023 972
Charge for year 584
At 31 December 2023 1,556
NET BOOK VALUE
At 31 December 2023 1,361
At 31 December 2022 1,945

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 5,000 7,000 24,770 18,789 55,559
Additions - - 9,638 12,107 21,745
At 31 December 2023 5,000 7,000 34,408 30,896 77,304
DEPRECIATION
At 1 January 2023 - 817 4,557 3,437 8,811
Charge for year 917 1,283 4,954 3,943 11,097
At 31 December 2023 917 2,100 9,511 7,380 19,908
NET BOOK VALUE
At 31 December 2023 4,083 4,900 24,897 23,516 57,396
At 31 December 2022 5,000 6,183 20,213 15,352 46,748

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Accrued Income - 1,149
Prepayments 16,059 15,112
16,059 16,261

Bijoux Bridal Limited (Registered number: SC324487)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 9,076 79,085
Tax 41,839 20,460
Social security and other taxes 7,669 12,392
VAT 34,056 18,273
Pension Fund 2,023 1,760
Accruals and deferred income 12,486 11,548
107,149 143,518

Bijoux Bridal Limited

Report of the Accountants to the Director of
Bijoux Bridal Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2023 set out on pages two to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Gordon Ferguson & Co Ltd
76 Hamilton Road
Motherwell
Lanarkshire
ML1 3BY


2 February 2024