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REGISTERED NUMBER: 12757594 (England and Wales)















Charming Designs Ltd

Unaudited Financial Statements for the Year Ended 31 December 2023






Charming Designs Ltd (Registered number: 12757594)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Charming Designs Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr H Erotocritou
Mr C Agcagul



REGISTERED OFFICE: 97 Judd Street
London
WC1H 9JG



BUSINESS ADDRESS: 3 Marconi Place
New Southgate
London
N11 1PE



REGISTERED NUMBER: 12757594 (England and Wales)



ACCOUNTANTS: Chris Syrimis & Co
Chartered Certified Accountants
97 Judd Street
London
WC1H 9JG



BANKERS: TSB
PO Box 373
Leeds
LS14 9GQ

Charming Designs Ltd (Registered number: 12757594)

Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,243 4,857

CURRENT ASSETS
Stocks 610,685 571,960
Debtors 5 129,350 126,875
Cash at bank 1,649 38,818
741,684 737,653
CREDITORS
Amounts falling due within one year 6 885,503 761,720
NET CURRENT LIABILITIES (143,819 ) (24,067 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(138,576

)

(19,210

)

CREDITORS
Amounts falling due after more than one
year

7

-

48,553
NET LIABILITIES (138,576 ) (67,763 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (138,676 ) (67,863 )
(138,576 ) (67,763 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Charming Designs Ltd (Registered number: 12757594)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 August 2024 and were signed on its behalf by:




Mr H Erotocritou - Director



Mr C Agcagul - Director


Charming Designs Ltd (Registered number: 12757594)

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

1. STATUTORY INFORMATION

Charming Designs 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.
Land and buildings - Straight line over 5 years
Plant and machinery etc - 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 Statement of Income and Retained Earnings, 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.


Charming Designs Ltd (Registered number: 12757594)

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

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 - 8,635 8,635
Additions 2,000 - 2,000
At 31 December 2023 2,000 8,635 10,635
DEPRECIATION
At 1 January 2023 - 3,778 3,778
Charge for year 400 1,214 1,614
At 31 December 2023 400 4,992 5,392
NET BOOK VALUE
At 31 December 2023 1,600 3,643 5,243
At 31 December 2022 - 4,857 4,857

Charming Designs Ltd (Registered number: 12757594)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 79,280 93,924
Other debtors 50,070 32,951
129,350 126,875

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts 37,600 -
Trade creditors 674,346 632,439
Taxation and social security 143,295 112,893
Other creditors 30,262 16,388
885,503 761,720

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31/12/23 31/12/22
£    £   
Other creditors - 48,553