Registered number
09902742
MY PERFUMERY LTD
Filleted Accounts
31 December 2023
MY PERFUMERY LTD
Registered number: 09902742
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 6,798 6,288
Current assets
Stocks 68,020 68,505
Debtors 4 6,000 9,632
Cash at bank and in hand 105,353 111,538
179,373 189,675
Creditors: amounts falling due within one year 5 (129,621) (36,106)
Net current assets 49,752 153,569
Net assets 56,550 159,857
Capital and reserves
Called up share capital 100 100
Profit and loss account 56,450 159,757
Shareholders' funds 56,550 159,857
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Nga LEKGEGAJ
Director
Approved by the board on 16 August 2024
MY PERFUMERY LTD
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the selling the goods.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, as follows:
Fix, fittings & equipment 18% Reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Corporation tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 4
3 Tangible fixed assets
Fix, fittings & equipment
£
Cost
At 1 January 2023 23,001
Additions 2,002
At 31 December 2023 25,003
Depreciation
At 1 January 2023 16,713
Charge for the year 1,492
At 31 December 2023 18,205
Net book value
At 31 December 2023 6,798
At 31 December 2022 6,288
4 Debtors 2023 2022
£ £
Prepayments & other debtors 6,000 9,632
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 27,623 2,951
Taxation and social security costs 14,178 33,155
Accrued expenses & other creditors 87,820 -
129,621 36,106
6 Other information
MY PERFUMERY LTD is a private company limited by shares and incorporated in England. Its registered office is:
188 STAMFORD HILL
LONDON
N16 6QX
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