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Company Registration No. 13444410 (England and Wales)
THE BRAIDING VAULT LTD Unaudited accounts for the year ended 30 June 2023
THE BRAIDING VAULT LTD Unaudited accounts Contents
Page
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THE BRAIDING VAULT LTD Company Information for the year ended 30 June 2023
Director
Yetunde Joy Oluwatoyin ADESANYA
Company Number
13444410 (England and Wales)
Registered Office
483 Finchley Road London NW3 6HS England
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THE BRAIDING VAULT LTD Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,863 
15,466 
Current assets
Inventories
1,400 
- 
Debtors
- 
12,500 
Cash at bank and in hand
3,843 
691 
5,243 
13,191 
Creditors: amounts falling due within one year
(68,484)
(56,609)
Net current liabilities
(63,241)
(43,418)
Net liabilities
(48,378)
(27,952)
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
(48,388)
(27,962)
Shareholders' funds
(48,378)
(27,952)
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 director acknowledges her 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 19 February 2024 and were signed on its behalf by
Yetunde Joy Oluwatoyin ADESANYA Director Company Registration No. 13444410
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THE BRAIDING VAULT LTD Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
THE BRAIDING VAULT LTD is a private company, limited by shares, registered in England and Wales, registration number 13444410. The registered office is 483 Finchley Road, London, NW3 6HS, England.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
18% on reducing balance
Computer equipment
18% on reducing balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2022
- 
15,556 
3,306 
18,862 
Additions
2,660 
- 
- 
2,660 
At 30 June 2023
2,660 
15,556 
3,306 
21,522 
Depreciation
At 1 July 2022
- 
2,800 
596 
3,396 
Charge for the year
479 
2,296 
488 
3,263 
At 30 June 2023
479 
5,096 
1,084 
6,659 
Net book value
At 30 June 2023
2,181 
10,460 
2,222 
14,863 
At 30 June 2022
- 
12,756 
2,710 
15,466 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
- 
12,500 
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THE BRAIDING VAULT LTD Notes to the Accounts for the year ended 30 June 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
48,400 
40,000 
Loans from directors
18,884 
16,609 
Accruals
1,200 
- 
68,484 
56,609 
7
Average number of employees
During the year the average number of employees was 3 (2022: 1).
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