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REGISTERED NUMBER: 12248690 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Svetlana Style Ltd

Svetlana Style Ltd (Registered number: 12248690)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Svetlana Style Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Ms S Ivanova





REGISTERED OFFICE: Flat 5
27 Wedmore street
London
N19 4RU





REGISTERED NUMBER: 12248690 (England and Wales)





ACCOUNTANTS: E Johnson & Associates
Chartered Certified Accountants
637 Green Lanes
London
N8 0RE

Svetlana Style Ltd (Registered number: 12248690)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,131 765

CURRENT ASSETS
Stocks 5 5,700 6,000
Debtors 6 17,490 18,400
Cash at bank 34 1,575
23,224 25,975
CREDITORS
Amounts falling due within one
year

7

11,666

9,043
NET CURRENT ASSETS 11,558 16,932
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,689

17,697

CREDITORS
Amounts falling due after more
than one year

8

12,500

17,000
NET ASSETS 189 697

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 89 597
SHAREHOLDERS' FUNDS 189 697

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Svetlana Style Ltd (Registered number: 12248690)

Balance Sheet - continued
31 October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 July 2024 and were signed by:





Ms S Ivanova - Director


Svetlana Style Ltd (Registered number: 12248690)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Svetlana Style Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Svetlana Style Ltd (Registered number: 12248690)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 November 2022 1,020 - 1,020
Additions - 742 742
At 31 October 2023 1,020 742 1,762
DEPRECIATION
At 1 November 2022 255 - 255
Charge for year 191 185 376
At 31 October 2023 446 185 631
NET BOOK VALUE
At 31 October 2023 574 557 1,131
At 31 October 2022 765 - 765

5. STOCKS
31.10.23 31.10.22
£    £   
Stocks 5,700 6,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 90 -
Other debtors 17,400 18,400
17,490 18,400

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 6,000 6,000
Trade creditors 830 49
Taxation and social security 4,010 2,486
Other creditors 826 508
11,666 9,043

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 12,500 17,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary £1 100 100

Svetlana Style Ltd (Registered number: 12248690)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

10. RESERVES
Retained
earnings
£   

At 1 November 2022 597
Profit for the year 4,492
Dividends (5,000 )
At 31 October 2023 89

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £5,000 (2022 - £4,000) were paid to the director .

12. ULTIMATE CONTROLLING PARTY

The controlling party is Ms S Ivanova.

By virtue of being the sole director of the company and controls 100% of the ordinary share capital of the company.