Company Registration No. 08286532 (England and Wales)
For-your-little-one Ltd
Unaudited accounts
for the year ended 31 December 2023
For-your-little-one Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
18,364
31,980
Inventories
667,147
1,009,315
Cash at bank and in hand
243,737
254,967
Creditors: amounts falling due within one year
(94,626)
(69,064)
Net current assets
968,320
1,334,036
Total assets less current liabilities
986,684
1,366,016
Creditors: amounts falling due after more than one year
(266,395)
(637,288)
Net assets
720,289
728,728
Called up share capital
100
100
Profit and loss account
720,189
728,628
Shareholders' funds
720,289
728,728
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 July 2024 and were signed on its behalf by
Dean Smith
Director
Company Registration No. 08286532
For-your-little-one Ltd
Notes to the Accounts
for the year ended 31 December 2023
For-your-little-one Ltd is a private company, limited by shares, registered in England and Wales, registration number 08286532. The registered office is Unit 7 Tibbington Works Industrial Estat, High Street, Tipton, West Midlands, England, DY4 9HT, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% straight line
Plant & machinery
25% straight line
Motor vehicles
25% straight line
Fixtures & fittings
25% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
For-your-little-one Ltd
Notes to the Accounts
for the year ended 31 December 2023
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Tangible fixed assets
Total
At 31 December 2023
112,493
Charge for the year
14,288
At 31 December 2023
94,129
At 31 December 2023
18,364
At 31 December 2022
31,980
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Average number of employees
During the year the average number of employees was 10 (2022: 10).