IRIS Accounts Production v24.1.4.33 06619978 director 30.6.22 29.6.23 29.6.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh066199782022-06-29066199782023-06-29066199782022-06-302023-06-29066199782021-06-29066199782021-06-302022-06-29066199782022-06-2906619978ns15:EnglandWales2022-06-302023-06-2906619978ns14:PoundSterling2022-06-302023-06-2906619978ns10:Director12022-06-302023-06-2906619978ns10:PrivateLimitedCompanyLtd2022-06-302023-06-2906619978ns10:SmallEntities2022-06-302023-06-2906619978ns10:AuditExempt-NoAccountantsReport2022-06-302023-06-2906619978ns10:SmallCompaniesRegimeForDirectorsReport2022-06-302023-06-2906619978ns10:SmallCompaniesRegimeForAccounts2022-06-302023-06-2906619978ns10:FullAccounts2022-06-302023-06-2906619978ns10:CompanySecretary12022-06-302023-06-2906619978ns10:RegisteredOffice2022-06-302023-06-2906619978ns5:CurrentFinancialInstruments2023-06-2906619978ns5:CurrentFinancialInstruments2022-06-2906619978ns5:Non-currentFinancialInstruments2023-06-2906619978ns5:Non-currentFinancialInstruments2022-06-2906619978ns5:ShareCapital2023-06-2906619978ns5:ShareCapital2022-06-2906619978ns5:RetainedEarningsAccumulatedLosses2023-06-2906619978ns5:RetainedEarningsAccumulatedLosses2022-06-2906619978ns5:LandBuildings2022-06-2906619978ns5:FurnitureFittings2022-06-2906619978ns5:MotorVehicles2022-06-2906619978ns5:LandBuildings2022-06-302023-06-2906619978ns5:FurnitureFittings2022-06-302023-06-2906619978ns5:MotorVehicles2022-06-302023-06-2906619978ns5:LandBuildings2023-06-2906619978ns5:FurnitureFittings2023-06-2906619978ns5:MotorVehicles2023-06-2906619978ns5:LandBuildings2022-06-2906619978ns5:FurnitureFittings2022-06-2906619978ns5:MotorVehicles2022-06-2906619978ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-2906619978ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-2906619978ns5:DeferredTaxation2022-06-2906619978ns5:DeferredTaxation2022-06-302023-06-2906619978ns5:DeferredTaxation2023-06-29
REGISTERED NUMBER: 06619978 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 JUNE 2023

FOR

BLUSH BOUTIQUE LIMITED

BLUSH BOUTIQUE LIMITED (REGISTERED NUMBER: 06619978)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 29 JUNE 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BLUSH BOUTIQUE LIMITED

COMPANY INFORMATION
For The Year Ended 29 JUNE 2023







DIRECTOR: Mr G P Smith





SECRETARY: Ms S Smith





REGISTERED OFFICE: 1 Kings Avenue
London
N21 3NA





REGISTERED NUMBER: 06619978 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

BLUSH BOUTIQUE LIMITED (REGISTERED NUMBER: 06619978)

STATEMENT OF FINANCIAL POSITION
29 JUNE 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 94,234 79,008

CURRENT ASSETS
Inventories 57,755 58,750
Debtors 5 12,223 -
Cash at bank 608,191 354,933
678,169 413,683
CREDITORS
Amounts falling due within one year 6 322,882 253,556
NET CURRENT ASSETS 355,287 160,127
TOTAL ASSETS LESS CURRENT
LIABILITIES

449,521

239,135

CREDITORS
Amounts falling due after more than one
year

7

(36,110

)

(42,686

)

PROVISIONS FOR LIABILITIES 8 (6,580 ) (2,108 )
NET ASSETS 406,831 194,341

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 406,731 194,241
406,831 194,341

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BLUSH BOUTIQUE LIMITED (REGISTERED NUMBER: 06619978)

STATEMENT OF FINANCIAL POSITION - continued
29 JUNE 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 September 2024 and were signed by:





Mr G P Smith - Director


BLUSH BOUTIQUE LIMITED (REGISTERED NUMBER: 06619978)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 29 JUNE 2023

1. STATUTORY INFORMATION

Blush Boutique Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources.

The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and costs incurred or to be incurred in respect of the transaction can be measured reliably.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Land & buildings No Depreciation charged
Motor vehicles 25% Reducing Balance method
Fixtures & fittings 15% Reducing Balance method

The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal.

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


BLUSH BOUTIQUE LIMITED (REGISTERED NUMBER: 06619978)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 29 JUNE 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalents
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

BLUSH BOUTIQUE LIMITED (REGISTERED NUMBER: 06619978)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 29 JUNE 2023

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 30 June 2022 67,913 5,935 10,995 84,843
Additions - 17,189 - 17,189
At 29 June 2023 67,913 23,124 10,995 102,032
DEPRECIATION
At 30 June 2022 - 822 5,013 5,835
Charge for year - 767 1,196 1,963
At 29 June 2023 - 1,589 6,209 7,798
NET BOOK VALUE
At 29 June 2023 67,913 21,535 4,786 94,234
At 29 June 2022 67,913 5,113 5,982 79,008

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 12,223 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Bank loans and overdrafts 5,000 3,657
Trade creditors 202,036 168,335
Taxation and social security 113,200 63,969
Other creditors 2,646 17,595
322,882 253,556

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
as restated
£    £   
Bank loans 36,110 42,686

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 36,110 42,686

8. PROVISIONS FOR LIABILITIES
2023 2022
as restated
£    £   
Deferred tax 6,580 2,108

BLUSH BOUTIQUE LIMITED (REGISTERED NUMBER: 06619978)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 29 JUNE 2023

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 30 June 2022 2,108
Provided during year 4,472
Balance at 29 June 2023 6,580