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STYLED BY LIMITED

Registered Number
11187487
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

STYLED BY LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

MATTHEWS, Theresa

Registered Address

2 West Hill House Greenheath Road
Hednesford
Cannock
WS12 4AQ

Registered Number

11187487 (England and Wales)
STYLED BY LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Called up share capital not paid-100
Current assets
Debtors3183386
Cash at bank and on hand2,8944,092
3,0774,478
Creditors amounts falling due within one year4(3,574)(3,117)
Net current assets (liabilities)(497)1,461
Total assets less current liabilities(497)1,461
Net assets(497)1,461
Capital and reserves
Called up share capital100100
Profit and loss account(597)1,361
Shareholders' funds(497)1,461
The financial statements were approved and authorised for issue by the Director on 18 September 2024, and are signed on its behalf by:
MATTHEWS, Theresa
Director
Registered Company No. 11187487
STYLED BY LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
2.Average number of employees

20242023
Average number of employees during the year11
3.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables-216
Prepayments and accrued income183170
Total183386
4.Creditors: amounts due within one year

2024

2023

££
Other creditors2,3552,049
Accrued liabilities and deferred income1,2191,068
Total3,5743,117
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.