Registered Number:04645319 |
For the year ended 28 February 2024
England and Wales
Unaudited Financial Statements
For the year ended 28 February 2024
Settle Retail Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Settle Retail Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
8,376
8,465
3
8,376
8,465
216,750
218,000
4
Trade and other receivables |
93,183
82,780
5
18,618
Cash and cash equivalents |
-
300,780
328,551
Trade and other payables: amounts falling due within one |
year |
(190,002)
(159,460)
6
138,549
141,320
Net current assets
Total assets less current liabilities |
149,696
147,014
Trade and other payables: amounts falling due after more |
than one year |
(23,412)
(13,172)
7
136,524
Net assets
123,602
100
100
136,424
123,502
136,524
123,602
Shareholders' funds
For the year ended 28 February 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 of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 15 November 2024 and were signed by: |
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For the year ended 28 February 2024
Settle Retail Limited
Statement of Financial Position Continued
The notes form part of these financial statements |
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For the year ended 28 February 2024
Settle Retail Limited
Notes to the Financial Statements
Statutory Information
Settle Retail Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 04645319. |
1 Howard Lodge
16 Mount Sion
Tunbridge Wells
Kent
TN1 1UF
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration receivable, excluding discounts, rebates and value added tax. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Tenants improvements
Computer Equipment and Website
Equip't, fixtures and fittings
2. Intangible fixed assets |
Goodwill
67,000
67,000
67,000
67,000
-
-
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For the year ended 28 February 2024
Settle Retail Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment |
Computer |
Equipment |
and Website |
Equip't, |
fixtures and |
fittings |
56,192
34,071
4,761
17,360
1,729
1,729
-
-
17,360
4,761
35,800
57,921
Provision for depreciation and impairment |
47,727
25,995
4,373
17,359
Charge for year
1,818
1,619
199
-
49,545
27,614
4,572
17,359
1
189
8,186
8,376
1
388
8,076
8,465
2023
2024
218,000
216,750
5. Trade and other receivables |
2023
2024
82,780
93,183
6. Trade and other payables: amounts falling due within one year |
2023
2024
13,657
9,800
64,996
53,418
Taxation and social security |
41,401
47,486
39,406
79,298
159,460
190,002
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For the year ended 28 February 2024
Settle Retail Limited
Notes to the Financial Statements Continued
7. Trade and other payables: amounts falling due after more than one year |
2023
2024
13,172
23,412
8. Directors advances and guarantees |
Loaned
Repaid
Interest
R Sheldrick
Directors Loan
36,186
32,878
32,194
36,186
684
36,186
32,878
32,194
36,186
684
M Sheldrick
Directors Loan
38,527
35,329
34,598
38,527
731
38,527
35,329
34,598
38,527
731
9. Guarantees and other financial commitments |
At 28 February 2024 the company had annual commitments under non-cancellable operating leases as set out |
below: |
2023
2024
Operating leases which expire: |
37,000
37,000
37,000
37,000
10. Average number of persons employed |
During the year the average number of employees was 6 (2023 : 6)
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