2022-09-01 12143558 2023-08-31 12143558 2022-09-01 2023-08-31 12143558 2022-08-31 12143558 2021-09-01 2022-08-31 12143558 uk-core:WithinOneYear 2022-08-31 12143558 uk-core:WithinOneYear 2023-08-31 12143558 uk-core:AfterOneYear 2022-08-31 12143558 uk-core:AfterOneYear 2023-08-31 12143558 uk-core:ShareCapital 2023-08-31 12143558 uk-core:ShareCapital 2022-08-31 12143558 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 12143558 uk-core:RetainedEarningsAccumulatedLosses 2022-08-31 12143558 uk-bus:Director1 2022-09-01 2023-08-31 12143558 uk-core:NetGoodwill 2022-09-01 2023-08-31 12143558 uk-core:MotorCars 2022-09-01 2023-08-31 12143558 uk-core:FurnitureFittings 2022-09-01 2023-08-31 12143558 uk-core:FurnitureFittings 2022-08-31 12143558 uk-core:MotorCars 2022-08-31 12143558 uk-core:MotorCars 2023-08-31 12143558 uk-core:FurnitureFittings 2023-08-31 iso4217:GBP xbrli:pure 12143558 uk-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 12143558 uk-bus:FRS102 2022-09-01 2023-08-31 12143558 uk-bus:FilletedAccounts 2022-09-01 2023-08-31 12143558 uk-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31
CANDLES AND OUD LTD
Registered Number:12143558
For the year ended 31 August 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2023
CANDLES AND OUD LTD
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
12143558
As at 31 August 2023
CANDLES AND OUD LTD
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
2,217
2,771
Property, plant and equipment
80,972
47,966
2
83,189
50,737
Current assets
Inventories
12,379
106,879
3
Trade and other receivables
40,916
94,428
4
15,071
Cash and cash equivalents
28,717
230,024
68,366
Trade and other payables: amounts falling due within one year
(68,733)
(171,949)
5
(367)
58,075
Net current assets
Total assets less current liabilities
141,264
50,370
Trade and other payables: amounts falling due after more than one
year
(13,567)
(2,567)
6
-
(777)
Provisions for liabilities
138,697
Net assets
36,026
Capital and reserves
Called up share capital
100
100
Retained earnings
138,597
35,926
138,697
36,026
Shareholders' funds
For the year ended 31 August 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 of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
12143558
For the year ended 31 August 2023
CANDLES AND OUD LTD
Statement of Financial Position Continued
HUSSAIN, Mohammed Ali Director
These financial statements were approved and authorised for issue by the Board on 11 September 2024 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 August 2023
CANDLES AND OUD LTD
Notes to the Financial Statements
Statutory Information
CANDLES AND OUD LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number
12143558.
Registered address:
602 Lock Studios
7 Corsican Square
London
E3 3YD
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in , is being amortised evenly over its estimated useful life of 0 years.
Intangible assets
The intangible asset is carried at its cost less accumulated amortization less any accumulated impairment loss. Revaluation of intangible asset is carried at its fair value at the revaluation date less accumulated amortization less any accumulated impairment loss. The development costs of websites are capitalised as intangible assets and amortisation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:Website Costs 20 Reducing balance
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20 Reducing balance
Motor Vehicles
20 Straight line
Furniture and Fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
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6
For the year ended 31 August 2023
CANDLES AND OUD LTD
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Furniture and
Fittings
Motor Vehicles
£
£
£
Cost or valuation
At 01 September 2022
77,255
45,450
31,805
58,769
58,769
-
Additions
At 31 August 2023
31,805
104,219
136,024
Provision for depreciation and impairment
At 01 September 2022
29,289
22,080
7,209
Charge for year
25,763
20,844
4,919
At 31 August 2023
55,052
42,924
12,128
At 31 August 2023
Net book value
19,677
61,295
80,972
At 31 August 2022
24,596
23,370
47,966
3. Inventories
2022
2023
£
£
Stocks
106,879
12,379
4. Trade and other receivables
2022
2023
£
£
Trade debtors
87,428
33,916
Other debtors
7,000
7,000
40,916
94,428
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
27,764
26,405
Taxation and social security
74,020
41,459
Other creditors
70,165
869
171,949
68,733
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7
For the year ended 31 August 2023
CANDLES AND OUD LTD
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Other creditors
2,567
13,567
7. Average number of persons employed
During the year the average number of employees was 65 (2022 : 58)
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