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REGISTERED NUMBER: 06737522 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

ALL THAT GLITTERS LIMITED

ALL THAT GLITTERS LIMITED (REGISTERED NUMBER: 06737522)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALL THAT GLITTERS LIMITED

Company Information
for the year ended 31 March 2024







DIRECTORS: S L Simmons
A Simmons





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 06737522 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

ALL THAT GLITTERS LIMITED (REGISTERED NUMBER: 06737522)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 279 532

CURRENT ASSETS
Stocks 70,000 70,000
Debtors 5 20,881 27,262
Cash at bank and in hand 3,813 1,078
94,694 98,340
CREDITORS
Amounts falling due within one year 6 (69,195 ) (85,525 )
NET CURRENT ASSETS 25,499 12,815
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,778

13,347

CREDITORS
Amounts falling due after more than one
year

7

(12,295

)

(22,520

)

PROVISIONS FOR LIABILITIES 9 - (101 )
NET ASSETS/(LIABILITIES) 13,483 (9,274 )

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 13,482 (9,275 )
SHAREHOLDERS' FUNDS 13,483 (9,274 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ALL THAT GLITTERS LIMITED (REGISTERED NUMBER: 06737522)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 7 August 2024 and were signed on its behalf by:





S L Simmons - Director


ALL THAT GLITTERS LIMITED (REGISTERED NUMBER: 06737522)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

All That Glitters Limited 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. The principal place of business is 2 North Street, Chichester, PO19 1LB.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents the fair value of consideration received or receivable net of VAT and trade discounts. Revenue from the sale of goods is recognised at the point of sale.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful economic life.

Improvements to property-over the period of the lease
Fixtures & fittings -25% on cost
Computer equipment -33% on cost

Impairment policy
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

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

Financial instruments
Financial assets, liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.


ALL THAT GLITTERS LIMITED (REGISTERED NUMBER: 06737522)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension plan for its employees. A defined contribution pension plan is a pension plan under which the company pays contributions into a separate. Once the contributions have been paid, the company has no further obligations.

The contributions are recognised as an expense in the income statement when they fall due. Amounts owed but not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Going concern
The directors have agreed to support the company as necessary in the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 2,206 5,513 1,688 9,407
Additions - - 152 152
At 31 March 2024 2,206 5,513 1,840 9,559
DEPRECIATION
At 1 April 2023 2,206 5,167 1,502 8,875
Charge for year - 257 148 405
At 31 March 2024 2,206 5,424 1,650 9,280
NET BOOK VALUE
At 31 March 2024 - 89 190 279
At 31 March 2023 - 346 186 532

ALL THAT GLITTERS LIMITED (REGISTERED NUMBER: 06737522)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 20,881 27,262

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 23,228 25,207
Trade creditors 8,306 12,801
Taxation and social security 28,615 40,911
Other creditors 9,046 6,606
69,195 85,525

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 12,295 22,520

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 51,800 67,625
Between one and five years 26,541 94,027
78,341 161,652

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax - 101

Deferred
tax
£   
Balance at 1 April 2023 101
Accelerated capital allowances (101 )
Balance at 31 March 2024 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

ALL THAT GLITTERS LIMITED (REGISTERED NUMBER: 06737522)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year under review key management personnel advanced £57,914 and repaid £63,889 to the company. At the balance sheet date key management personnel owed the company £13,985 (2023: £19,960). The company charged interest on these loan at 2.25% per annum (2023: 2% per annum) and this amounted to £498 (2023: £282). These loans are repayable on demand.