Company Registration No. 12259986 (England and Wales)
Trenza Braid Bar Ltd
Unaudited accounts
for the year ended 31 October 2023
Trenza Braid Bar Ltd
Unaudited accounts
Contents
Trenza Braid Bar Ltd
Company Information
for the year ended 31 October 2023
Director
Raznah Hussain-Wright
Company Number
12259986 (England and Wales)
Registered Office
67 Hocombe Road
Chandler's Ford
Eastleigh
Hampshire
SO53 5QA
Accountants
TBT Accountancy Ltd
Hursley Campus
Hursley Park Road
Hursley
Winchester
Hampshire
SO21 2JN
Trenza Braid Bar Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
31,438
33,184
Cash at bank and in hand
644
4,456
Creditors: amounts falling due within one year
(47,162)
(42,429)
Net current liabilities
(44,299)
(36,699)
Total assets less current liabilities
(12,861)
(3,515)
Creditors: amounts falling due after more than one year
(5,050)
(6,459)
Provisions for liabilities
Net liabilities
(18,548)
(9,974)
Called up share capital
100
100
Profit and loss account
(18,648)
(10,074)
Shareholders' funds
(18,548)
(9,974)
For the year ending 31 October 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 18 April 2024 and were signed on its behalf by
Raznah Hussain-Wright
Director
Company Registration No. 12259986
Trenza Braid Bar Ltd
Notes to the Accounts
for the year ended 31 October 2023
Trenza Braid Bar Ltd is a private company, limited by shares, registered in England and Wales, registration number 12259986. The registered office is 67 Hocombe Road, Chandler's Ford, Eastleigh, Hampshire, SO53 5QA.
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 from the sale of goods is shown net of VAT and is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Turnover from the rendering of services is recognised by reference to the stage of completion.
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:
Land & buildings
20 Years Reducing Balance
Fixtures & fittings
25% on a Reducing Balance
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Despite the impact of external events on consumer spending the director has concluded that the current course of action being undertaken will be sufficient to ensure the stability and indeed the growth of the company. Accordingly, the director has prepared the financial statements on this basis.
Trenza Braid Bar Ltd
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 November 2022
30,227
7,578
37,805
At 31 October 2023
30,227
8,228
38,455
At 1 November 2022
1,511
3,110
4,621
Charge for the year
1,117
1,279
2,396
At 31 October 2023
2,628
4,389
7,017
At 31 October 2023
27,599
3,839
31,438
At 31 October 2022
28,716
4,468
33,184
Amounts falling due within one year
Accrued income and prepayments
-
71
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
2,500
2,729
Loans from directors
44,279
39,118
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).