Company Registration No. 7689023 (England and Wales)
ANNABEL'S - LUXURY GIFT EMPORIUM LIMITED
Unaudited accounts
for the year ended 30 June 2023
ANNABEL'S - LUXURY GIFT EMPORIUM LIMITED
Unaudited accounts
Contents
ANNABEL'S - LUXURY GIFT EMPORIUM LIMITED
Company Information
for the year ended 30 June 2023
Directors
Jennifer Knott
Robert Lynch
Company Number
7689023 (England and Wales)
Registered Office
GROUND FLOOR
2 WOODBERRY GROVE
NORTH FINCHLEY
LONDON
N12 0DR
ANNABEL'S - LUXURY GIFT EMPORIUM LIMITED
Statement of financial position
as at 30 June 2023
Intangible assets
3,797
5,063
Tangible assets
6,622
9,602
Inventories
328,954
340,674
Cash at bank and in hand
13,065
6,016
Creditors: amounts falling due within one year
(39,460)
(31,697)
Net current assets
312,308
327,040
Total assets less current liabilities
322,727
341,705
Creditors: amounts falling due after more than one year
(1,656,983)
(1,537,464)
Provisions for liabilities
Deferred tax
(1,980)
(2,786)
Net liabilities
(1,336,236)
(1,198,545)
Called up share capital
2
2
Profit and loss account
(1,336,238)
(1,198,547)
Shareholders' funds
(1,336,236)
(1,198,545)
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 directors acknowledge their 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 of Directors and authorised for issue on 4 April 2024 and were signed on its behalf by
Jennifer Knott
Director
Company Registration No. 7689023
ANNABEL'S - LUXURY GIFT EMPORIUM LIMITED
Notes to the Accounts
for the year ended 30 June 2023
ANNABEL'S - LUXURY GIFT EMPORIUM LIMITED is a private company, limited by shares, registered in England and Wales, registration number 7689023. The registered office is GROUND FLOOR, 2 WOODBERRY GROVE, NORTH FINCHLEY, LONDON, N12 0DR.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
33.33% Straightline
Other tangible fixed assets
Leasehold Improvements - Straight Line over the life of the lease
Intangible fixed assets (including capitalsied legal costs on start up are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
ANNABEL'S - LUXURY GIFT EMPORIUM LIMITED
Notes to the Accounts
for the year ended 30 June 2023
4
Intangible fixed assets
Other
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 July 2022
20,614
12,509
21,852
12,420
67,395
At 30 June 2023
20,614
12,509
21,852
12,420
67,395
At 1 July 2022
15,131
10,431
20,572
11,659
57,793
Charge for the year
1,378
520
321
761
2,980
At 30 June 2023
16,509
10,951
20,893
12,420
60,773
At 30 June 2023
4,105
1,558
959
-
6,622
At 30 June 2022
5,483
2,078
1,280
761
9,602
Amounts falling due within one year
Accrued income and prepayments
9,749
12,047
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
13,949
4,877
Taxes and social security
3,837
11,607
Other creditors
21,225
15,213
ANNABEL'S - LUXURY GIFT EMPORIUM LIMITED
Notes to the Accounts
for the year ended 30 June 2023
8
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
1,656,983
1,537,464
The entire balance of Creditors due after more than one year is the Director's Loan Account of Jennifer Knott. There are no terms for the repayment of this loan, and no interest is being charged
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
10
Average number of employees
During the year the average number of employees was 8 (2022: 9).