Caseware UK (AP4) 2023.0.135 2023.0.135 2023-01-01truefalseNo description of principal activity44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06246644 2023-01-01 2023-12-31 06246644 2022-01-01 2022-12-31 06246644 2023-12-31 06246644 2022-12-31 06246644 c:Director2 2023-01-01 2023-12-31 06246644 d:FurnitureFittings 2023-01-01 2023-12-31 06246644 d:FurnitureFittings 2023-12-31 06246644 d:FurnitureFittings 2022-12-31 06246644 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06246644 d:OfficeEquipment 2023-01-01 2023-12-31 06246644 d:OfficeEquipment 2023-12-31 06246644 d:OfficeEquipment 2022-12-31 06246644 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06246644 d:ComputerEquipment 2023-01-01 2023-12-31 06246644 d:ComputerEquipment 2023-12-31 06246644 d:ComputerEquipment 2022-12-31 06246644 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06246644 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06246644 d:CurrentFinancialInstruments 2023-12-31 06246644 d:CurrentFinancialInstruments 2022-12-31 06246644 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06246644 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06246644 d:ShareCapital 2023-12-31 06246644 d:ShareCapital 2022-12-31 06246644 d:SharePremium 2023-12-31 06246644 d:SharePremium 2022-12-31 06246644 d:RetainedEarningsAccumulatedLosses 2023-12-31 06246644 d:RetainedEarningsAccumulatedLosses 2022-12-31 06246644 c:FRS102 2023-01-01 2023-12-31 06246644 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06246644 c:FullAccounts 2023-01-01 2023-12-31 06246644 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06246644 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 06246644









Barefoot Chic Limited







Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 December 2023

 
Barefoot Chic Limited
Registered number: 06246644

Statement of Financial Position
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
8,870
4,565

  
8,870
4,565

Current assets
  

Debtors: amounts falling due within one year
 5 
285,434
382,829

Cash at bank and in hand
  
316,543
468,175

  
601,977
851,004

Creditors: amounts falling due within one year
 6 
(82,259)
(197,846)

Net current assets
  
 
 
519,718
 
 
653,158

Total assets less current liabilities
  
528,588
657,723

Provisions for liabilities
  

Deferred tax
  
(2,217)
(1,141)

  
 
 
(2,217)
 
 
(1,141)

Net assets
  
526,371
656,582


Capital and reserves
  

Called up share capital 
  
360
360

Share premium account
  
54,867
54,867

Profit and loss account
  
471,144
601,355

  
526,371
656,582


Page 1

 
Barefoot Chic Limited
Registered number: 06246644
    
Statement of Financial Position (continued)
As at 31 December 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 October 2024.




H Gillanders
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
Barefoot Chic Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 December 2023

1.


General information

Barefoot Chic Limited is a private company, limited by shares, registered in England and Wales (registered number: 06246644).  The registered office address is 101 New Cavendish Street,1st Floor South, London, W1W 6XH. 
The financial statements are presented in Sterling, which is the functional currency of the Company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 3

 
Barefoot Chic Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
Barefoot Chic Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
Straight line
Office equipment
-
20%
Straight line
Computer equipment
-
20%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
Barefoot Chic Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).


4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
3,025
8,231
999
12,255


Additions
1,556
1,916
2,808
6,280



At 31 December 2023

4,581
10,147
3,807
18,535



Depreciation


At 1 January 2023
2,808
4,799
83
7,690


Charge for the year on owned assets
134
1,381
460
1,975



At 31 December 2023

2,942
6,180
543
9,665



Net book value



At 31 December 2023
1,639
3,967
3,264
8,870



At 31 December 2022
217
3,432
916
4,565

Page 6

 
Barefoot Chic Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 December 2023

5.


Debtors

2023
2022
£
£


Trade debtors
256,520
375,944

Other debtors
18,914
-

Prepayments and accrued income
10,000
6,885

285,434
382,829



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
22,414
12,248

Corporation tax
-
136,647

Other taxation and social security
1,652
17,184

Other creditors
22,910
27,917

Accruals and deferred income
35,283
3,850

82,259
197,846


2023
2022
£
£

Other taxation and social security

PAYE/NI control
1,652
4,627

VAT control
-
12,557

1,652
17,184


 
Page 7