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Company Registration No. 05371736 (England and Wales)
ACCENT FASHION ACCESSORIES LIMITED Unaudited accounts for the year ended 31 December 2023
ACCENT FASHION ACCESSORIES LIMITED Unaudited accounts Contents
Page
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ACCENT FASHION ACCESSORIES LIMITED Company Information for the year ended 31 December 2023
Directors
E. Tzabari S. Park
Company Number
05371736 (England and Wales)
Registered Office
USE.SPACE PADDOCK STREET MANCHESTER M12 6PN UNITED KINGDOM
Accountants
SQK Accountancy Limited Use.Space Paddock St Manchester North West England M12 6PN
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ACCENT FASHION ACCESSORIES LIMITED Accountants' report
Accountants' report to the board of directors of ACCENT FASHION ACCESSORIES LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ACCENT FASHION ACCESSORIES LIMITED for the year ended 31 December 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of ACCENT FASHION ACCESSORIES LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of ACCENT FASHION ACCESSORIES LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ACCENT FASHION ACCESSORIES LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ACCENT FASHION ACCESSORIES LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ACCENT FASHION ACCESSORIES LIMITED. You consider that ACCENT FASHION ACCESSORIES LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ACCENT FASHION ACCESSORIES LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
SQK Accountancy Limited Use.Space Paddock St Manchester North West England M12 6PN 2 August 2024
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ACCENT FASHION ACCESSORIES LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
2,836 
3,174 
Tangible assets
21,964 
23,081 
24,800 
26,255 
Current assets
Inventories
44,736 
44,700 
Debtors
205,370 
206,058 
Cash at bank and in hand
427,528 
471,090 
677,634 
721,848 
Creditors: amounts falling due within one year
(92,650)
(144,933)
Net current assets
584,984 
576,915 
Total assets less current liabilities
609,784 
603,170 
Creditors: amounts falling due after more than one year
- 
(2,348)
Provisions for liabilities
Deferred tax
(428)
(428)
Net assets
609,356 
600,394 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
609,256 
600,294 
Shareholders' funds
609,356 
600,394 
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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by
S. Park Director Company Registration No. 05371736
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ACCENT FASHION ACCESSORIES LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
ACCENT FASHION ACCESSORIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05371736. The registered office is USE.SPACE, PADDOCK STREET, MANCHESTER, M12 6PN, UNITED KINGDOM.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
25% straight-line
Computer equipment
33% straight-line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2023
3,377 
At 31 December 2023
3,377 
Amortisation
At 1 January 2023
203 
Charge for the year
338 
At 31 December 2023
541 
Net book value
At 31 December 2023
2,836 
At 31 December 2022
3,174 
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ACCENT FASHION ACCESSORIES LIMITED Notes to the Accounts for the year ended 31 December 2023
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
21,914 
81,741 
1,794 
105,449 
At 31 December 2023
21,914 
81,741 
1,794 
105,449 
Depreciation
At 1 January 2023
- 
80,707 
1,661 
82,368 
Charge for the year
- 
984 
133 
1,117 
At 31 December 2023
- 
81,691 
1,794 
83,485 
Net book value
At 31 December 2023
21,914 
50 
- 
21,964 
At 31 December 2022
21,914 
1,034 
133 
23,081 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
142,607 
116,631 
Accrued income and prepayments
2,763 
6,669 
Other debtors
60,000 
82,758 
205,370 
206,058 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
22,419 
17,774 
Trade creditors
53,518 
47,713 
Taxes and social security
5,600 
37,221 
Other creditors
7,079 
40,225 
Loans from directors
4,034 
- 
Accruals
- 
2,000 
92,650 
144,933 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
- 
2,348 
9
Average number of employees
During the year the average number of employees was 8 (2022: 11).
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