VELVET EXCLUSIVE LADIES WEAR LIMITED

Company Registration Number:
08033115 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2023

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

VELVET EXCLUSIVE LADIES WEAR LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2023

Balance sheet
Notes

VELVET EXCLUSIVE LADIES WEAR LIMITED

Balance sheet

As at 30 June 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 4,500 5,000
Tangible assets: 4 17,054 20,063
Total fixed assets: 21,554 25,063
Current assets
Stocks: 203,303 144,161
Debtors:   6,020 7,122
Cash at bank and in hand: 495,291 420,247
Total current assets: 704,614 571,530
Creditors: amounts falling due within one year:   (186,328) (189,357)
Net current assets (liabilities): 518,286 382,173
Total assets less current liabilities: 539,840 407,236
Total net assets (liabilities): 539,840 407,236
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 539,839 407,235
Shareholders funds: 539,840 407,236

The notes form part of these financial statements

VELVET EXCLUSIVE LADIES WEAR LIMITED

Balance sheet statements

For the year ending 30 June 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 March 2024
and signed on behalf of the board by:

Name: Mrs D J McDermott
Status: Director

The notes form part of these financial statements

VELVET EXCLUSIVE LADIES WEAR LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

VELVET EXCLUSIVE LADIES WEAR LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

2. Employees

2023 2022
Average number of employees during the period 10 10

VELVET EXCLUSIVE LADIES WEAR LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Intangible Assets

Total
Cost £
At 01 July 2022 10,000
At 30 June 2023 10,000
Amortisation
At 01 July 2022 5,000
Charge for year 500
At 30 June 2023 5,500
Net book value
At 30 June 2023 4,500
At 30 June 2022 5,000

VELVET EXCLUSIVE LADIES WEAR LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Tangible Assets

Total
Cost £
At 01 July 2022 43,443
At 30 June 2023 43,443
Depreciation
At 01 July 2022 23,380
Charge for year 3,009
At 30 June 2023 26,389
Net book value
At 30 June 2023 17,054
At 30 June 2022 20,063