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Company Registration No. 08590307 (England and Wales)
THE SECRET LINEN STORE LTD Unaudited accounts for the year ended 31 October 2023
THE SECRET LINEN STORE LTD Unaudited accounts Contents
Page
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THE SECRET LINEN STORE LTD Company Information for the year ended 31 October 2023
Directors
Harriet Mears Molly Freshwater Adam Black Jonathan Kamaluddin
Secretary
Rosie Freshwater
Company Number
08590307 (England and Wales)
Registered Office
UNIT 5, DURBAN BUSINESS CENTRE DURBAN ROAD BOGNOR REGIS WEST SUSSEX PO22 9FE ENGLAND
Accountants
AMG FINANCIAL UK LTD 23 Canadian Crescent Selsey Chichester West Sussex PO20 0UQ
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THE SECRET LINEN STORE LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
137,425 
162,236 
Tangible assets
82,238 
102,447 
219,663 
264,683 
Current assets
Inventories
650,850 
617,240 
Debtors
213,641 
159,520 
Cash at bank and in hand
651,520 
798,359 
1,516,011 
1,575,119 
Creditors: amounts falling due within one year
(1,718,809)
(1,422,711)
Net current (liabilities)/assets
(202,798)
152,408 
Total assets less current liabilities
16,865 
417,091 
Creditors: amounts falling due after more than one year
(11,871)
(268,422)
Provisions for liabilities
Deferred tax
(30,060)
(36,804)
Net (liabilities)/assets
(25,066)
111,865 
Capital and reserves
Called up share capital
117 
117 
Share premium
149,943 
149,943 
Profit and loss account
(175,126)
(38,195)
Shareholders' funds
(25,066)
111,865 
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 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 16 May 2024 and were signed on its behalf by
Harriet Mears Director Company Registration No. 08590307
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THE SECRET LINEN STORE LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
THE SECRET LINEN STORE LTD is a private company, limited by shares, registered in England and Wales, registration number 08590307. The registered office is UNIT 5, DURBAN BUSINESS CENTRE, DURBAN ROAD, BOGNOR REGIS, WEST SUSSEX, PO22 9FE, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
20% Reducing Balance
Fixtures & fittings
20% Straight Line
Computer equipment
33% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 November 2022
207,013 
Additions
17,829 
At 31 October 2023
224,842 
Amortisation
At 1 November 2022
44,777 
Charge for the year
42,640 
At 31 October 2023
87,417 
Net book value
At 31 October 2023
137,425 
At 31 October 2022
162,236 
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THE SECRET LINEN STORE LTD Notes to the Accounts for the year ended 31 October 2023
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 November 2022
32,013 
38,000 
61,124 
28,861 
159,998 
Additions
3,721 
- 
6,573 
- 
10,294 
At 31 October 2023
35,734 
38,000 
67,697 
28,861 
170,292 
Depreciation
At 1 November 2022
13,296 
10,640 
16,571 
17,044 
57,551 
Charge for the year
3,908 
7,980 
12,279 
6,336 
30,503 
At 31 October 2023
17,204 
18,620 
28,850 
23,380 
88,054 
Net book value
At 31 October 2023
18,530 
19,380 
38,847 
5,481 
82,238 
At 31 October 2022
18,717 
27,360 
44,553 
11,817 
102,447 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
93,045 
10,764 
Accrued income and prepayments
90,396 
118,556 
Other debtors
30,200 
30,200 
213,641 
159,520 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
93,325 
110,701 
Obligations under finance leases and hire purchase contracts
6,422 
6,422 
Trade creditors
1,030,087 
989,312 
Taxes and social security
308,757 
269,629 
Other creditors
257,400 
4,288 
Accruals
22,818 
15,429 
Deferred income
- 
26,930 
1,718,809 
1,422,711 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
11,871 
18,422 
Other creditors
- 
250,000 
11,871 
268,422 
9
Average number of employees
During the year the average number of employees was 26 (2022: 28).
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