Registered number
07084552
SUSAN CRAIG BRIDALWEAR LTD
Filleted Accounts
for the year ended
30 November 2023
SUSAN CRAIG BRIDALWEAR LTD
Registered number: 07084552
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 16 22
Current assets
Stocks 24,000 34,000
Cash at bank and in hand 21,786 22,254
45,786 56,254
Creditors: amounts falling due within one year 4 (13,447) (17,801)
Net current assets 32,339 38,453
Net assets 32,355 38,475
Capital and reserves
Called up share capital 1 1
Profit and loss account 32,354 38,474
Shareholder's funds 32,355 38,475
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 member has 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.
S Craig
Director
Approved by the board on 9 August 2024
SUSAN CRAIG BRIDALWEAR LTD
Notes to the Accounts
for the year ended 30 November 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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% 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.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 414
At 30 November 2023 414
Depreciation
At 1 December 2022 392
Charge for the year 6
At 30 November 2023 398
Net book value
At 30 November 2023 16
At 30 November 2022 22
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 9,273 7,284
Taxation and social security costs 2,735 5,673
Other creditors 1,439 4,844
13,447 17,801
5 Other information
SUSAN CRAIG BRIDALWEAR LTD is a private company limited by shares and incorporated in England. Its registered office is:
10 Broad O'th Lane
Shevington
Wigan
WN6 8EA
SUSAN CRAIG BRIDALWEAR LTD 07084552 false 2022-12-01 2023-11-30 2023-11-30 VT Final Accounts April 2024 S Craig No description of principal activity 07084552 2021-12-01 2022-11-30 07084552 core:WithinOneYear 2022-11-30 07084552 core:ShareCapital 2022-11-30 07084552 core:RetainedEarningsAccumulatedLosses 2022-11-30 07084552 2022-12-01 2023-11-30 07084552 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 07084552 bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 07084552 bus:Director40 2022-12-01 2023-11-30 07084552 core:PlantMachinery 2022-12-01 2023-11-30 07084552 countries:England 2022-12-01 2023-11-30 07084552 bus:FRS102 2022-12-01 2023-11-30 07084552 bus:FilletedAccounts 2022-12-01 2023-11-30 07084552 2023-11-30 07084552 core:WithinOneYear 2023-11-30 07084552 core:ShareCapital 2023-11-30 07084552 core:RetainedEarningsAccumulatedLosses 2023-11-30 07084552 core:PlantMachinery 2023-11-30 07084552 2022-11-30 07084552 core:PlantMachinery 2022-11-30 iso4217:GBP xbrli:pure