Registered number: 12757476 | ||||||||
FOR THE YEAR ENDED 31 JULY 2023 | ||||||||
Prepared By: | ||||||||
Lever Bros & Co | ||||||||
Chartered Accountants | ||||||||
First Floor, 690 Great West Road | ||||||||
Osterley Village | ||||||||
Isleworth | ||||||||
TW7 4PU |
Oola Lingerie Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 JULY 2023 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 12757476 | ||||||||
ACCOUNTANTS | ||||||||
Lever Bros & Co | ||||||||
Chartered Accountants | ||||||||
First Floor, 690 Great West Road | ||||||||
Osterley Village | ||||||||
Isleworth | ||||||||
TW7 4PU |
Oola Lingerie Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31 JULY 2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Oola Lingerie Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | 4 | |||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
210,895 | 149,344 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT LIABILITIES | ( | (99,996) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ( | ( | ||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 | |||||||||
Profit and loss account | (136,653) | (99,731) | ||||||||
SHAREHOLDERS' FUNDS | ( | ( | ||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Oola Lingerie Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 JULY 2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Going Concern | ||||||||
The company had net liabilities at the balance sheet date of £136,553. However, included in creditors are £202,141 owed to the director and other creditors. With the continued support of the director and other creditors, the director believes the company to be a going concern. |
1c. Depreciation | ||||||||
Plant and Machinery | reducing balance 25% |
1d. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1e. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1f. Foreign Currency | ||||||||
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated. |
Oola Lingerie Limited | ||||||||
1g. Turnover | ||||||||
Turnover represents value of goods and services supplied by the company, net of value added tax and trade discounts and is recognised when rendered. |
1h. Statutory Information | ||||||||
Oola Lingerie Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered number is 12757476 and registered office address is First Floor, 690 Great West Road, Osterley Village, Isleworth, TW7 4PU. |
1i. Financial Instruments | ||||||||
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments. |
2. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | - | |||||
3. TANGIBLE FIXED ASSETS | ||||
Plant and | ||||
Machinery | Total | |||
£ | £ | |||
Cost | ||||
At 1 August 2022 | 649 | 649 | ||
At 31 July 2023 | 649 | 649 | ||
Depreciation | ||||
At 1 August 2022 | 284 | 284 | ||
For the year | 91 | 91 | ||
At 31 July 2023 | 375 | 375 | ||
Net Book Amounts | ||||
At 31 July 2023 | 274 | |||
At 31 July 2022 | 365 | |||
4. STOCK | 2023 | 2022 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
Oola Lingerie Limited | ||||||||
5. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 22,528 | 13,535 | ||||||
Other debtors | 458 | 458 | ||||||
22,986 | 13,993 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Taxation and social security | 8,173 | 465 | ||||||
Salaries and wages control | 2,276 | - | ||||||
Directors current account | 98 | 98 | ||||||
Trade creditors | 133,945 | 136,220 | ||||||
Other creditors | 202,043 | 111,617 | ||||||
Pension schemes | 347 | - | ||||||
Accruals | 840 | 940 | ||||||
347,722 | 249,340 | |||||||
7. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
45 | 45 | |||||||
24 | 24 | |||||||
22 | 22 | |||||||
9 | 9 | |||||||
100 | 100 | |||||||