Registered number
06190482
Perfumes-4U Limited
Report and Accounts
31 December 2023
Perfumes-4U Limited
Registered number: 06190482
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current assets
Debtors 4 2,034 1,303
Cash at bank and in hand 6,542 11,075
8,576 12,378
Creditors: amounts falling due within one year 5 (8,033) (9,885)
Net current assets 543 2,493
Net assets 543 2,493
Capital and reserves
Called up share capital 2 2
Profit and loss account 541 2,491
Shareholders' funds 543 2,493
The directors are 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 directors acknowledge their 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.
Ian Webb
Director
Approved by the board on 21 August 2024
Perfumes-4U Limited
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 (as applied to small entities by section 1A of the standard).
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 sale of goods . Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% written down value
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 current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Fixtures and equipment
£
Cost
At 1 January 2023 1,092
At 31 December 2023 1,092
Depreciation
At 1 January 2023 1,092
At 31 December 2023 1,092
Net book value
At 31 December 2023 -
4 Debtors 2023 2022
£ £
Trade debtors 11 -
Other debtors 2,023 1,303
2,034 1,303
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 7,674 9,535
Other creditors 359 350
8,033 9,885
6 Related party transactions 2023 2022
£ £
Bio Laboratories Limited
Ian Webb and Lorraine Rowland, directors and shareholders of this company are also directors of Bio Laboratories Limited
During the year Bio Laboratories Limited sold goods to Perfumes 4U Limited, excluding VAT of 17,040 26,359
During the year Bio Laboratories Limited provided services to Perfumes 4U Limited, excluding VAT of 4,493 2,400
During the year Perfumes 4U Limited provided services to Bio Laboratories Limited, excluding VAT of 27,433 24,667
Amount owed by Perfumes 4U Limited at year end 7,517 9,535
Amount owed by Bio Laboratories Limited at year end - -
7 Controlling party
The company is owned and controlled by the Directors.
8 Other information
Perfumes-4U Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit1 Atlas Point
Davenport Lane
Broadheath
Altrincham
WA14 5DS
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