Registered number |
Registered number: | |||||||
Balance Sheet | |||||||
as at |
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Notes | 2023 | 2022 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 3 | ||||||
Current assets | |||||||
Stocks | |||||||
Debtors | 4 | ||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 5 | ( |
( |
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Net current assets | |||||||
Total assets less current liabilities | |||||||
Creditors: amounts falling due after more than one year | 6 | ( |
( |
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Net assets | |||||||
Capital and reserves | |||||||
Called up share capital | |||||||
Profit and loss account | |||||||
Shareholders' funds | |||||||
B Binet | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
Turnover | ||||||||
Tangible fixed assets | ||||||||
Fixtures, fittings, tools and equipment | 25% reducing balance basis | |||||||
Stocks | ||||||||
Taxation | ||||||||
Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised as the amount of tax payable using tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
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Deferred tax | ||||||||
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 timing differences. 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. |
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2 | Employees | 2023 | 2022 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
3 | Tangible fixed assets | |||||||
Plant and machinery etc | ||||||||
£ | ||||||||
Cost | ||||||||
At 1 April 2022 | ||||||||
At 31 March 2023 | ||||||||
Depreciation | ||||||||
At 1 April 2022 | ||||||||
Charge for the year | ||||||||
At 31 March 2023 | ||||||||
Net book value | ||||||||
At 31 March 2023 | ||||||||
At 31 March 2022 | ||||||||
4 | Debtors | 2023 | 2022 | |||||
£ | £ | |||||||
Other debtors | ||||||||
5 | Creditors: amounts falling due within one year | 2023 | 2022 | |||||
£ | £ | |||||||
Taxation and social security costs | ||||||||
Other creditors | ||||||||
6 | Creditors: amounts falling due after one year | 2023 | 2022 | |||||
£ | £ | |||||||
Bank loans | ||||||||
7 | Loans | 2023 | 2022 | |||||
£ | £ | |||||||
Creditors include: | ||||||||
Amounts payable otherwise than by instalment falling due for payment after more than five years | 41,873 | 46,739 | ||||||
8 | Other information | |||||||
The Bag Shop Ltd is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
Unit A | ||||||||
603 London Road | ||||||||
Westcliff-On-Sea | ||||||||
SS0 9PE |