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COMPANY REGISTRATION NUMBER: 13881796
Simply Divine Creations UK Limited
Filleted Unaudited Financial Statements
31 January 2024
Simply Divine Creations UK Limited
Statement of Financial Position
31 January 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
23,714
1,100
Current assets
Stocks
18,974
11,812
Debtors
6
34,643
Cash at bank and in hand
24,680
2,779
--------
--------
78,297
14,591
Creditors: amounts falling due within one year
7
99,963
15,054
--------
--------
Net current liabilities
21,666
463
--------
-------
Total assets less current liabilities
2,048
637
-------
----
Net assets
2,048
637
-------
----
Capital and reserves
Called up share capital
100
100
Profit and loss account
1,948
537
-------
----
Shareholders funds
2,048
637
-------
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Simply Divine Creations UK Limited
Statement of Financial Position (continued)
31 January 2024
These financial statements were approved by the board of directors and authorised for issue on 12 August 2024 , and are signed on behalf of the board by:
Mr J S Ghura
Director
Company registration number: 13881796
Simply Divine Creations UK Limited
Notes to the Financial Statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit H, Cavendish House, Bourne End Business Park, Cores End Road, Bourne End, Bucks, SL8 5AS.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% reducing balance
Equipment
-
20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: Nil).
5. Tangible assets
Long leasehold property
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 February 2023
1,375
1,375
Additions
10,702
15,165
25,867
--------
--------
-------
--------
At 31 January 2024
10,702
15,165
1,375
27,242
--------
--------
-------
--------
Depreciation
At 1 February 2023
275
275
Charge for the year
3,033
220
3,253
--------
--------
-------
--------
At 31 January 2024
3,033
495
3,528
--------
--------
-------
--------
Carrying amount
At 31 January 2024
10,702
12,132
880
23,714
--------
--------
-------
--------
At 31 January 2023
1,100
1,100
--------
--------
-------
--------
6. Debtors
2024
2023
£
£
Trade debtors
360
Other debtors
34,283
--------
----
34,643
--------
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
12,132
12,131
Social security and other taxes
311
463
Other creditors
87,520
2,460
--------
--------
99,963
15,054
--------
--------
8. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr J S Ghura
( 1,884)
( 85,061)
( 86,945)
-------
--------
--------
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr J S Ghura
( 1,884)
( 1,884)
----
-------
-------