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REGISTERED NUMBER: 10606764 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29TH FEBRUARY 2024

FOR

MAY & GRACE BRIDAL BOUTIQUE LTD

MAY & GRACE BRIDAL BOUTIQUE LTD (REGISTERED NUMBER: 10606764)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29th February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

MAY & GRACE BRIDAL BOUTIQUE LTD

COMPANY INFORMATION
for the Year Ended 29th February 2024







DIRECTOR: Mrs E V Crease





REGISTERED OFFICE: 33 Wey Hill
Haslemere
GU27 1BZ





REGISTERED NUMBER: 10606764 (England and Wales)





ACCOUNTANTS: Sowerbutts and Co Ltd
Fiscal House
367 London Road
Camberley
Surrey
GU15 3HQ

MAY & GRACE BRIDAL BOUTIQUE LTD (REGISTERED NUMBER: 10606764)

BALANCE SHEET
29th February 2024

29/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,789 7,719

CURRENT ASSETS
Stocks 32,610 23,380
Debtors 5 51,698 77,898
84,308 101,278
CREDITORS
Amounts falling due within one year 6 48,335 62,732
NET CURRENT ASSETS 35,973 38,546
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,762

46,265

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 41,761 46,264
SHAREHOLDERS' FUNDS 41,762 46,265

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MAY & GRACE BRIDAL BOUTIQUE LTD (REGISTERED NUMBER: 10606764)

BALANCE SHEET - continued
29th February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8th November 2024 and were signed by:





Mrs E V Crease - Director


MAY & GRACE BRIDAL BOUTIQUE LTD (REGISTERED NUMBER: 10606764)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29th February 2024

1. STATUTORY INFORMATION

May & Grace Bridal Boutique Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

MAY & GRACE BRIDAL BOUTIQUE LTD (REGISTERED NUMBER: 10606764)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29th February 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st March 2023
and 29th February 2024 9,960 1,396 11,356
DEPRECIATION
At 1st March 2023 2,490 1,147 3,637
Charge for year 1,868 62 1,930
At 29th February 2024 4,358 1,209 5,567
NET BOOK VALUE
At 29th February 2024 5,602 187 5,789
At 28th February 2023 7,470 249 7,719

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade debtors 47,823 74,023
Other debtors 3,875 3,875
51,698 77,898

MAY & GRACE BRIDAL BOUTIQUE LTD (REGISTERED NUMBER: 10606764)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29th February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Bank loans and overdrafts 2,905 559
Trade creditors - 3
Taxation and social security 11,650 24,271
Other creditors 33,780 37,899
48,335 62,732

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29/2/24 28/2/23
value: £    £   
1 Ordinary £1 1 1

8. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by director and shareholder, Mrs E Crease, by virtue of being the sole shareholder.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MAY & GRACE BRIDAL BOUTIQUE LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of May & Grace Bridal Boutique Ltd for the year ended 29th February 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of May & Grace Bridal Boutique Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of May & Grace Bridal Boutique Ltd and state those matters that we have agreed to state to the director of May & Grace Bridal Boutique Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than May & Grace Bridal Boutique Ltd and its director for our work or for this report.

It is your duty to ensure that May & Grace Bridal Boutique Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of May & Grace Bridal Boutique Ltd. You consider that May & Grace Bridal Boutique Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of May & Grace Bridal Boutique Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sowerbutts and Co Ltd
Fiscal House
367 London Road
Camberley
Surrey
GU15 3HQ


Date: .............................................