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
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
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
ACCENT FASHION ACCESSORIES LIMITED
Statement of financial position
as at 31 December 2023
Intangible assets
2,836
3,174
Tangible assets
21,964
23,081
Cash at bank and in hand
427,528
471,090
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
Net assets
609,356
600,394
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
ACCENT FASHION ACCESSORIES LIMITED
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
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
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
At 31 December 2023
21,914
50
-
21,964
At 31 December 2022
21,914
1,034
133
23,081
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
7
Creditors: amounts falling due within one year
2023
2022
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
-
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 8 (2022: 11).