Registered number
11733146
LE CHIC MOTHER OF THE BRIDE LTD
Filleted Accounts
31 December 2023
LE CHIC MOTHER OF THE BRIDE LTD
Registered number: 11733146
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 60,068 26,592
Current assets
Stocks 205,880 98,070
Debtors 4 5,121 1,831
Cash at bank and in hand 36,252 157,856
247,253 257,757
Creditors: amounts falling due within one year 5 (101,973) (85,822)
Net current assets 145,280 171,935
Total assets less current liabilities 205,348 198,527
Creditors: amounts falling due after more than one year 6 - (25,000)
Net assets 205,348 173,527
Capital and reserves
Called up share capital 100 100
Profit and loss account 205,248 173,427
Shareholders' funds 205,348 173,527
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Koulla Chrysostomou
Director
Approved by the board on 17 July 2024
LE CHIC MOTHER OF THE BRIDE LTD
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction 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.
Creditors
Short term creditors are measured at transaction 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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 5
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2023 33,141 43,190 - 76,331
Additions - 2,274 55,619 57,893
At 31 December 2023 33,141 45,464 55,619 134,224
Depreciation
At 1 January 2023 22,352 27,387 - 49,739
Charge for the year 5,395 7,898 11,124 24,417
At 31 December 2023 27,747 35,285 11,124 74,156
Net book value
At 31 December 2023 5,394 10,179 44,495 60,068
At 31 December 2022 10,789 15,803 - 26,592
4 Debtors 2023 2022
£ £
Trade debtors 2,028 -
Other debtors 3,093 1,831
5,121 1,831
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 10,000
Trade creditors 51,589 7,021
Taxation and social security costs 10,351 21,077
Other creditors 40,033 47,724
101,973 85,822
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans - 25,000
7 Controlling party
The company was under the ultimate control of its director by virtue of her ownership, together with associates, of the company’s entire issued share capital
8 Other information
LE CHIC MOTHER OF THE BRIDE LTD is a private company limited by shares and incorporated in England. Its registered office is:
85 Beckenham Lane
Shortlands
Bromley
Kent
BR1 4EE
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