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Company Registration No. 05674674 (England and Wales)
CLARET SHOWROOM LIMITED Unaudited accounts for the year ended 31 January 2024
CLARET SHOWROOM LIMITED Unaudited accounts Contents
Page
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CLARET SHOWROOM LIMITED Company Information for the year ended 31 January 2024
Directors
CURRAN, Isabel HAMILTON, Madeline SPENCER-CHURCHILL, Claire Gillean LYLES, Alexandra Louise JONES, Laura
Company Number
05674674 (England and Wales)
Registered Office
1 Netherwood Place London W14 0BW England
Accountants
Premium Accounting Services Limited A4-55 Peel Road, Harrow Harrow Middlesex HA3 7QT
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CLARET SHOWROOM LIMITED Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,593 
7,862 
Current assets
Inventories
320,926 
320,926 
Debtors
231,257 
627,203 
Cash at bank and in hand
100,749 
127,033 
652,932 
1,075,162 
Creditors: amounts falling due within one year
(165,600)
(609,564)
Net current assets
487,332 
465,598 
Total assets less current liabilities
497,925 
473,460 
Creditors: amounts falling due after more than one year
(158,378)
(152,534)
Net assets
339,547 
320,926 
Capital and reserves
Called up share capital
1,330 
1,330 
Share premium
14,850 
14,850 
Profit and loss account
323,367 
304,746 
Shareholders' funds
339,547 
320,926 
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 6 June 2024 and were signed on its behalf by
SPENCER-CHURCHILL, Claire Gillean Director Company Registration No. 05674674
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CLARET SHOWROOM LIMITED Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
CLARET SHOWROOM LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05674674. The registered office is 1 Netherwood Place, London, W14 0BW, 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.
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
25% straight line method
Computer equipment
20% on written down value
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortised over 10 years
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Government grants
Government grants in relation to COVID-19 are credited to profit and loss account.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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CLARET SHOWROOM LIMITED Notes to the Accounts for the year ended 31 January 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 February 2023
44,920 
At 31 January 2024
44,920 
Amortisation
At 1 February 2023
44,920 
At 31 January 2024
44,920 
Net book value
At 31 January 2024
- 
5
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
32,844 
21,952 
24,768 
79,564 
Additions
- 
- 
4,548 
4,548 
At 31 January 2024
32,844 
21,952 
29,316 
84,112 
Depreciation
At 1 February 2023
30,423 
21,952 
19,327 
71,702 
Charge for the year
765 
- 
1,052 
1,817 
At 31 January 2024
31,188 
21,952 
20,379 
73,519 
Net book value
At 31 January 2024
1,656 
- 
8,937 
10,593 
At 31 January 2023
2,421 
- 
5,441 
7,862 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
44,858 
89,492 
Trade debtors
127,538 
462,177 
Amounts due from group undertakings etc.
25,919 
(11,577)
Accrued income and prepayments
32,529 
86,772 
Other debtors
413 
339 
231,257 
627,203 
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CLARET SHOWROOM LIMITED Notes to the Accounts for the year ended 31 January 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
20,152 
24,539 
Trade creditors
124,518 
468,779 
Taxes and social security
14,907 
14,328 
Other creditors
6,023 
96,128 
Accruals
- 
5,790 
165,600 
609,564 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
24,713 
18,869 
Loans from directors
133,665 
133,665 
158,378 
152,534 
9
Transactions with related parties
Splash Paris Ltd Claire Spencer-Churchill and Alexandra Lyles are both directors and shareholder of Splash Paris Limited. During the year the company paid net £37,496 to Splash Paris Limited. At the year end the balance due from Splash Paris Limited was £25,919 (2022: payable £11,577).
10
Average number of employees
During the year the average number of employees was 9 (2023: 9).
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