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Registration number: 09567562

Ann Louise Bridal Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2022

 

Ann Louise Bridal Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 7

 

Ann Louise Bridal Limited

Company Information

Director

Mrs C Butler

Registered office

170 Field End Road
Eastcote
Pinner
Middlesex
HA5 1RH

Accountants

Sterling Grove Accountants Limited
Chartered Certified Accountants
Fawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD

 

Ann Louise Bridal Limited

(Registration number: 09567562)
Balance Sheet as at 30 September 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

4

2,222

2,963

Current assets

 

Stocks

5

197,825

194,536

Debtors

6

71,798

62,409

Cash at bank and in hand

 

3,463

2,496

 

273,086

259,441

Creditors: Amounts falling due within one year

7

(232,318)

(202,145)

Net current assets

 

40,768

57,296

Total assets less current liabilities

 

42,990

60,259

Creditors: Amounts falling due after more than one year

7

(43,820)

(47,666)

Net (liabilities)/assets

 

(830)

12,593

Capital and reserves

 

Called up share capital

10,000

10,000

Retained earnings

(10,830)

2,593

Shareholders' (deficit)/funds

 

(830)

12,593

For the financial year ending 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 April 2024
 

.........................................
Mrs C Butler
Director

 

Ann Louise Bridal Limited

Notes to the Financial Statements for the Year Ended 30 September 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
170 Field End Road
Eastcote
Pinner
Middlesex
HA5 1RH

These financial statements were authorised for issue by the director on 18 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Ann Louise Bridal Limited

Notes to the Financial Statements for the Year Ended 30 September 2022

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixture and fittings

25% reducing balance

Office equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Ann Louise Bridal Limited

Notes to the Financial Statements for the Year Ended 30 September 2022

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2021 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 October 2021

12,880

12,880

At 30 September 2022

12,880

12,880

Depreciation

At 1 October 2021

9,917

9,917

Charge for the year

741

741

At 30 September 2022

10,658

10,658

Carrying amount

At 30 September 2022

2,222

2,222

At 30 September 2021

2,963

2,963

5

Stocks

2022
£

2021
£

Other inventories

197,825

194,536

6

Debtors

Current

2022
£

2021
£

Trade debtors

17,822

20,434

Prepayments

700

672

Other debtors

53,276

41,303

 

71,798

62,409

 

Ann Louise Bridal Limited

Notes to the Financial Statements for the Year Ended 30 September 2022

7

Creditors

Creditors: amounts falling due within one year

Note

2022
£

2021
£

Due within one year

 

Loans and borrowings

8

5,657

3,982

Trade creditors

 

57,532

41,287

Taxation and social security

 

122,246

102,982

Accruals and deferred income

 

46,883

53,894

 

232,318

202,145

Creditors: amounts falling due after more than one year

Note

2022
£

2021
£

Due after one year

 

Loans and borrowings

8

43,820

47,666

8

Loans and borrowings

Non-current loans and borrowings

2022
£

2021
£

Bank borrowings

43,820

47,666

Current loans and borrowings

2022
£

2021
£

Bank borrowings

5,657

2,334

Bank overdrafts

-

1,648

5,657

3,982

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £88,800 (2021 - £111,000).

 

Ann Louise Bridal Limited

Notes to the Financial Statements for the Year Ended 30 September 2022

10

Related party transactions

Transactions with the director

2022

At 1 October 2021
£

Advances to director
£

Repayments by director
£

At 30 September 2022
£

Mrs C Butler

30,719

57,893

(48,941)

39,671

2021

At 1 October 2020
£

Advances to director
£

Repayments by director
£

At 30 September 2021
£

Mrs C Butler

-

52,231

(21,512)

30,719

The amount due from the director is being charged interest of 2% and is repayable on demand.