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
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
THE SECRET LINEN STORE LTD
Statement of financial position
as at 31 October 2023
Intangible assets
137,425
162,236
Tangible assets
82,238
102,447
Inventories
650,850
617,240
Cash at bank and in hand
651,520
798,359
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
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
THE SECRET LINEN STORE LTD
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
At 1 November 2022
207,013
At 31 October 2023
224,842
Charge for the year
42,640
At 31 October 2023
137,425
At 31 October 2022
162,236
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
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
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
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
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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
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
11,871
18,422
9
Average number of employees
During the year the average number of employees was 26 (2022: 28).