Boutique Culture Ltd 14510156 false 2022-11-28 2023-11-30 2023-11-30 The principal activity of the company is cafe and licenced restaurant Digita Accounts Production Advanced 6.30.9574.0 true true 14510156 2022-11-28 2023-11-30 14510156 2023-11-30 14510156 bus:OrdinaryShareClass1 2023-11-30 14510156 core:CurrentFinancialInstruments 2023-11-30 14510156 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 14510156 core:FurnitureFittingsToolsEquipment 2023-11-30 14510156 core:LandBuildings 2023-11-30 14510156 bus:SmallEntities 2022-11-28 2023-11-30 14510156 bus:AuditExemptWithAccountantsReport 2022-11-28 2023-11-30 14510156 bus:FilletedAccounts 2022-11-28 2023-11-30 14510156 bus:SmallCompaniesRegimeForAccounts 2022-11-28 2023-11-30 14510156 bus:RegisteredOffice 2022-11-28 2023-11-30 14510156 bus:Director1 2022-11-28 2023-11-30 14510156 bus:Director2 2022-11-28 2023-11-30 14510156 bus:OrdinaryShareClass1 2022-11-28 2023-11-30 14510156 bus:PrivateLimitedCompanyLtd 2022-11-28 2023-11-30 14510156 core:ComputerEquipment 2022-11-28 2023-11-30 14510156 core:FurnitureFittingsToolsEquipment 2022-11-28 2023-11-30 14510156 core:LandBuildings 2022-11-28 2023-11-30 14510156 core:LeaseholdImprovements 2022-11-28 2023-11-30 14510156 core:OfficeEquipment 2022-11-28 2023-11-30 14510156 core:PlantMachinery 2022-11-28 2023-11-30 14510156 countries:England 2022-11-28 2023-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14510156

Boutique Culture Ltd

Unaudited Filleted Financial Statements

for the Period from 28 November 2022 to 30 November 2023

 

Boutique Culture Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Boutique Culture Ltd

Company Information

Directors

Mr Hakan Tiryaki

Mrs Emma Tiryaki

Registered office

Flat 3 Sladesbrook Mill
Sladesbrook
Bradford-On-Avon
BA15 1SH

Accountants

BJP Finance Ltd
Chartered Accountants
34 Market Street
Bradford-On-Avon
Wiltshire
BA15 1LL

 

Boutique Culture Ltd

(Registration number: 14510156)
Balance Sheet as at 30 November 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

1,797

Current assets

 

Stocks

5

2,846

Debtors

6

9,200

Cash at bank and in hand

 

3,233

 

15,279

Creditors: Amounts falling due within one year

7

(14,388)

Net current assets

 

891

Total assets less current liabilities

 

2,688

Provisions for liabilities

(257)

Net assets

 

2,431

Capital and reserves

 

Called up share capital

8

1

Retained earnings

2,430

Shareholders' funds

 

2,431

For the financial period ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 August 2024 and signed on its behalf by:
 

 

Boutique Culture Ltd

(Registration number: 14510156)
Balance Sheet as at 30 November 2023

.........................................
Mr Hakan Tiryaki
Director

 

Boutique Culture Ltd

Notes to the Unaudited Financial Statements for the Period from 28 November 2022 to 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Flat 3 Sladesbrook Mill
Sladesbrook
Bradford-On-Avon
BA15 1SH
England

These financial statements were authorised for issue by the Board on 20 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Boutique Culture Ltd

Notes to the Unaudited Financial Statements for the Period from 28 November 2022 to 30 November 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer Equipment

50% straight line

Office Equipment

25% straight line

Plant and machinery

10% straight line

Leasehold improvements

10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Boutique Culture Ltd

Notes to the Unaudited Financial Statements for the Period from 28 November 2022 to 30 November 2023

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

 

Boutique Culture Ltd

Notes to the Unaudited Financial Statements for the Period from 28 November 2022 to 30 November 2023

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

604

1,231

1,835

At 30 November 2023

604

1,231

1,835

Depreciation

Charge for the period

5

33

38

At 30 November 2023

5

33

38

Carrying amount

At 30 November 2023

599

1,198

1,797

Included within the net book value of land and buildings above is £599 in respect of short leasehold land and buildings.
 

5

Stocks

2023
£

Other inventories

2,846

6

Debtors

Current

2023
£

Prepayments

2,062

Other debtors

7,138

 

9,200

 

Boutique Culture Ltd

Notes to the Unaudited Financial Statements for the Period from 28 November 2022 to 30 November 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

Due within one year

 

Loans and borrowings

9

12,963

Taxation and social security

 

313

Accruals and deferred income

 

1,112

 

14,388

8

Share capital

Allotted, called up and fully paid shares

2023

No.

£

Ordinary Shares of £0.01 each

100

1

   

9

Loans and borrowings

Current loans and borrowings

2023
£

Other borrowings

12,963