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Company Registration No. 12542165 (England and Wales)
SHAGUN BOUTIQUE LIMITED Unaudited accounts for the year ended 31 March 2024
SHAGUN BOUTIQUE LIMITED Unaudited accounts Contents
Page
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SHAGUN BOUTIQUE LIMITED Company Information for the year ended 31 March 2024
Director
Huma KHAN
Company Number
12542165 (England and Wales)
Registered Office
76 ALUMROCK ROAD BIRMINGHAM B8 1HZ ENGLAND
Accountants
Nextin Accountants 38P Alum Rock Road Birmingham West Midlands B8 1JA
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SHAGUN BOUTIQUE LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,200 
1,200 
Tangible assets
2,472 
3,089 
3,672 
4,289 
Current assets
Inventories
28,635 
42,535 
Debtors
2,299 
9,124 
Cash at bank and in hand
3,615 
485 
34,549 
52,144 
Creditors: amounts falling due within one year
(27,811)
(39,364)
Net current assets
6,738 
12,780 
Total assets less current liabilities
10,410 
17,069 
Creditors: amounts falling due after more than one year
(16,463)
(19,567)
Net liabilities
(6,053)
(2,498)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(6,153)
(2,598)
Shareholders' funds
(6,053)
(2,498)
For the year ending 31 March 2024 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 director acknowledges her 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 and authorised for issue on 9 October 2024 and were signed on its behalf by
Huma KHAN Director Company Registration No. 12542165
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SHAGUN BOUTIQUE LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
SHAGUN BOUTIQUE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12542165. The registered office is 76 ALUMROCK ROAD, BIRMINGHAM, B8 1HZ, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Fixtures & fittings
20% on WDV
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
1,200 
At 31 March 2024
1,200 
Amortisation
At 1 April 2023
- 
At 31 March 2024
- 
Net book value
At 31 March 2024
1,200 
At 31 March 2023
1,200 
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SHAGUN BOUTIQUE LIMITED Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2023
7,149 
At 31 March 2024
7,149 
Depreciation
At 1 April 2023
4,060 
Charge for the year
617 
At 31 March 2024
4,677 
Net book value
At 31 March 2024
2,472 
At 31 March 2023
3,089 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
6,825 
Other debtors
2,299 
2,299 
2,299 
9,124 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,006 
5,886 
Taxes and social security
2,560 
2,050 
Loans from directors
22,285 
30,468 
Accruals
960 
960 
27,811 
39,364 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
16,463 
19,567 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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