1 April 2023 false No description of principal activity Taxfiler 2024.6 11005225business:PrivateLimitedCompanyLtd2023-04-012024-03-31 110052252023-03-31 110052252023-04-012024-03-31 11005225business:AuditExemptWithAccountantsReport2023-04-012024-03-31 11005225business:AbridgedAccounts2023-04-012024-03-31 110052252024-03-31 11005225business:Director12023-04-012024-03-31 11005225business:Director22023-04-012024-03-31 11005225business:RegisteredOffice2023-04-012024-03-31 110052252023-03-31 11005225core:WithinOneYear2024-03-31 11005225core:WithinOneYear2023-03-31 11005225core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 11005225core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 11005225core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 11005225core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 11005225core:PreviouslyStatedAmount2024-03-31 11005225core:PreviouslyStatedAmount2023-03-31 11005225business:SmallEntities2023-04-012024-03-31 11005225countries:EnglandWales2023-04-012024-03-31 11005225core:PlantMachinery2023-04-012024-03-31 11005225core:FurnitureFittings2023-04-012024-03-31 110052252022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 11005225 (England and Wales)
Treasured Forever Ltd Unaudited accounts for the year ended 31 March 2024
Treasured Forever Ltd Unaudited accounts Contents
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Treasured Forever Ltd Company Information for the year ended 31 March 2024
Directors
Rita Hirani Jasheka Varsani
Company Number
11005225 (England and Wales)
Registered Office
36 Oakington Avenue Harrow HA2 7JJ England
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Treasured Forever Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,676 
2,548 
Current assets
Inventories
10,200 
7,400 
Debtors
218,088 
148,357 
Cash at bank and in hand
77,092 
31,226 
305,380 
186,983 
Creditors: amounts falling due within one year
(93,789)
(45,298)
Net current assets
211,591 
141,685 
Total assets less current liabilities
224,267 
144,233 
Provisions for liabilities
Deferred tax
(3,168)
(484)
Net assets
221,099 
143,749 
Capital and reserves
Called up share capital
102 
102 
Profit and loss account
220,997 
143,647 
Shareholders' funds
221,099 
143,749 
For the year ending 31 March 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 5 August 2024 and were signed on its behalf by
Rita Hirani Director Company Registration No. 11005225
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Treasured Forever Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Treasured Forever Ltd is a private company, limited by shares, registered in England and Wales, registration number 11005225. The registered office is 36 Oakington Avenue, Harrow, HA2 7JJ, 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.
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.
Stock
Stock 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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.
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:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
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Treasured Forever Ltd Notes to the Accounts for the year ended 31 March 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2023
4,393 
Additions
14,353 
At 31 March 2024
18,746 
Depreciation
At 1 April 2023
1,845 
Charge for the year
4,225 
At 31 March 2024
6,070 
Net book value
At 31 March 2024
12,676 
At 31 March 2023
2,548 
5
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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