NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
I'm Every Woman Ltd is a private company, limited by shares, registered in England and Wales, registration number 14453667. The registered office address is 3 Hope Lodge, Parkwood Stud, Watlington, OX49 5SP.
The principal activity of the company is that of creation of a theatre production.
The company was incorporated on 31 October 2022 and commenced trading on 7 February 2023.
The company extended its Accounting Reference Date from 31 October 2023 to 31 December 2023.
2.Accounting policies
|
|
Basis of preparation of financial statements
|
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
The financial statements have been prepared on the going concern basis as the director has confirmed he will continue to provide necessary funding in order for the company to maintain operations and meet liabilites in full for at least the next 12 months. On the basis, the director is satisfied that the financial statements should be prepared on a ongoing basis.
|
|
Foreign currency translation
|
Functional and presentation currency
The company's functional and presentational currency is pound sterling.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
All borrowing costs are recognised in profit or loss in the period in which they are incurred.
2
|