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Company Registration No. 07328831 (England and Wales)
WARDROBE MISTRESS LTD
Financial Statements
for the Period from 01 April 2023 to 31 March 2024

WARDROBE MISTRESS LTD

Financial Statements for the period ending 31 March 2024

WARDROBE MISTRESS LTD

Financial Statements for the period ending 31 March 2024

Notes to the Accounts

1. Statutory Information
WARDROBE MISTRESS LTD is a private company, limited by shares, registered in England and Wales, registration number 07328831.
2. Accounting Policies
Basis of preparing the Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006
Presentation Currency
The accounts are presented in £ sterling.
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 is reduced for estimated customer returns, rebates and other similar allowances.

WARDROBE MISTRESS LTD

Financial Statements for the period ending 31 March 2024

Notes to the Accounts

Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Current for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Tangible Fixed Asset Policy
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:Fixtures & Fittings: 25% Reducing Balance

WARDROBE MISTRESS LTD

Financial Statements for the period ending 31 March 2024

Notes to the Accounts

Intangible Asset Policy
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

WARDROBE MISTRESS LTD

Financial Statements for the period ending 31 March 2024

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2024 2
2023 2
4. Principal Activity
The principal activity of the Company is that of style consulting and luxury personal shopping and product sourcing.

WARDROBE MISTRESS LTD

Financial Statements for the period ending 31 March 2024

Notes to the Accounts

5. Fixed Assets
Fixtures and Fittings Total
Cost or valuation £ £
At 01/04/2023 16,339 16,339
Additions - -
At 31/03/2024 16,339 16,339
Depreciation
At 01/04/2023 10,863 10,863
Charge for the year 1,369 1,369
At 31/03/2024 12,232 12,232
Net Book Value
At 31/03/2024 4,107 4,107
At 31/03/2023 5,476 5,476