1 August 2022 false No description of principal activity Taxfiler 2024.5 10691769business:PrivateLimitedCompanyLtd2022-08-012023-07-31 106917692022-07-31 106917692022-08-012023-07-31 10691769business:AuditExemptWithAccountantsReport2022-08-012023-07-31 10691769business:FilletedAccounts2022-08-012023-07-31 106917692023-07-31 10691769business:Director12022-08-012023-07-31 10691769business:RegisteredOffice2022-08-012023-07-31 106917692022-07-31 10691769core:WithinOneYear2023-07-31 10691769core:WithinOneYear2022-07-31 10691769core:AfterOneYear2023-07-31 10691769core:AfterOneYear2022-07-31 10691769core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 10691769core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 10691769core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 10691769core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 10691769core:PreviouslyStatedAmount2023-07-31 10691769core:PreviouslyStatedAmount2022-07-31 10691769business:SmallEntities2022-08-012023-07-31 10691769countries:EnglandWales2022-08-012023-07-31 10691769core:ComputerEquipment2022-08-012023-07-31 10691769core:ComputerEquipment2022-07-31 10691769core:ComputerEquipment2023-07-31 106917692021-08-012022-07-31 iso4217:GBP xbrli:pure
Company Registration No. 10691769 (England and Wales)
Comino Couture London Limited Unaudited accounts for the year ended 31 July 2023
Comino Couture London Limited Unaudited accounts Contents
Page
- 2 -
Comino Couture London Limited Company Information for the year ended 31 July 2023
Director
Sarah Theresa Keable
Company Number
10691769 (England and Wales)
Registered Office
3rd Floor 86-90 Paul Street London EC2A 4NE England
- 3 -
Comino Couture London Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,070 
1,477 
Current assets
Inventories
7,000 
10,000 
Debtors
46,721 
24,856 
Cash at bank and in hand
756 
3 
54,477 
34,859 
Creditors: amounts falling due within one year
(223,980)
(242,428)
Net current liabilities
(169,503)
(207,569)
Total assets less current liabilities
(168,433)
(206,092)
Creditors: amounts falling due after more than one year
(25,425)
(25,425)
Net liabilities
(193,858)
(231,517)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(193,859)
(231,518)
Shareholders' funds
(193,858)
(231,517)
For the year ending 31 July 2023 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 17 October 2024 and were signed on its behalf by
Sarah Theresa Keable Director Company Registration No. 10691769
- 4 -
Comino Couture London Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Comino Couture London Limited is a private company, limited by shares, registered in England and Wales, registration number 10691769. The registered office is 3rd Floor 86-90 Paul Street, London, EC2A 4NE, 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 financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The following principal accounting policies have been applied:
Presentation currency
The accounts are presented in £ sterling.
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:
Computer equipment
25%
Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: -The Company has transferred the significant risks and rewards of ownership to the buyer; -The Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; -The amount of revenue can be measured reliably; -It is probable that the Company will receive the consideration due under the transaction; and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
- 5 -
Comino Couture London Limited Notes to the Accounts for the year ended 31 July 2023
Stock
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of comprehensive income.
Debtors
Short term debtors are measured at transaction price, less any impairment.
Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2022
2,038 
At 31 July 2023
2,038 
Depreciation
At 1 August 2022
561 
Charge for the year
407 
At 31 July 2023
968 
Net book value
At 31 July 2023
1,070 
At 31 July 2022
1,477 
- 6 -
Comino Couture London Limited Notes to the Accounts for the year ended 31 July 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
35,297 
2,257 
Other debtors
11,424 
22,599 
46,721 
24,856 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
9,000 
9,000 
Trade creditors
21,019 
20,944 
Taxes and social security
45,615 
38,565 
Other creditors
140,346 
163,775 
Accruals
8,000 
10,144 
223,980 
242,428 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
25,425 
25,425 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
- 7 -