REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period |
1 November 2022 to 30 November 2023 |
for |
Opalily Bridal Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period |
1 November 2022 to 30 November 2023 |
for |
Opalily Bridal Ltd |
Opalily Bridal Ltd (Registered number: SC748988) |
Contents of the Financial Statements |
for the Period 1 November 2022 to 30 November 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Opalily Bridal Ltd |
Company Information |
for the Period 1 November 2022 to 30 November 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Accountants |
2 Cross Street |
Fraserburgh |
Aberdeenshire |
AB43 9EQ |
Opalily Bridal Ltd (Registered number: SC748988) |
Balance Sheet |
30 November 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Opalily Bridal Ltd (Registered number: SC748988) |
Notes to the Financial Statements |
for the Period 1 November 2022 to 30 November 2023 |
1. | STATUTORY INFORMATION |
Opalily Bridal Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Going concern |
The directors, having made due and careful enquiry, are of the opinion that the company has adequate working capital to execute its operations over the next 12 months. The directors, therefore, have made an informed judgement, at the time of approving the financial statements, that there is reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. As a result, the directors have adopted the going concern basis of accounting in preparing the annual financial statements. |
Turnover |
Turnover represents amounts receivable for services provided in the normal course of business, net of discounts and VAT. Revenue is recognised to the extent that it is probable that economic benefit will flow to the company and when its value can be measured with a sufficient degree of certainty and reliability. All income is recognised in the accounting period to which it relates. |
Tangible fixed assets |
Shop furnishings & fittings | - |
Computer equipment | - |
Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period. |
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 period comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
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 period 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. |
Opalily Bridal Ltd (Registered number: SC748988) |
Notes to the Financial Statements - continued |
for the Period 1 November 2022 to 30 November 2023 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Shop |
furnishings | Computer |
& fittings | equipment | Totals |
£ | £ | £ |
COST |
Additions |
At 30 November 2023 |
DEPRECIATION |
Charge for period |
At 30 November 2023 |
NET BOOK VALUE |
At 30 November 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Other creditors |
The balance of other creditors includes sums totalling £35,290 owing to the director, Mrs F.Barron. |
7. | RELATED PARTY DISCLOSURES |
The director, Mrs F.Barron, operates a current account with the company and as at the financial year end the balance owing to her was £16,510. There are no fixed terms of repayment and no interest is accrued. |
Mrs Barron also operates a separate loan account and the balance owing to her as at the financial year end was £18,780. This loan is repaid at a fixed monthly rate of £425.63 subject to the availability of funds. Interest of £1,036 was charged during the year. |
8. | ULTIMATE CONTROLLING PARTY |
The controlling party is Mrs F L Barron. |