Company Registration No. 10488905 (England and Wales)
Farnham Bridal Ltd
Unaudited accounts
for the year ended 31 January 2024
Farnham Bridal Ltd
Unaudited accounts
Contents
Farnham Bridal Ltd
Company Information
for the year ended 31 January 2024
Company Number
10488905 (England and Wales)
Registered Office
The Farnham Boutique 43a
The Borough
Farnham
Surrey
GU9 7NW
England
Accountants
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
Farnham Bridal Ltd
Accountants' report
Accountants' report to the director of Farnham Bridal Ltd on the preparation of the unaudited statutory accounts for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Farnham Bridal Ltd for the year ended
31 January 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Farnham Bridal Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Farnham Bridal Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Farnham Bridal Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Farnham Bridal Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Farnham Bridal Ltd. You consider that Farnham Bridal 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 accounts of Farnham Bridal 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 accounts.
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
26 November 2024
Farnham Bridal Ltd
Statement of financial position
as at 31 January 2024
Intangible assets
7,605
10,140
Tangible assets
2,094
2,338
Cash at bank and in hand
16,389
2,168
Creditors: amounts falling due within one year
(112,542)
(115,544)
Net current liabilities
(95,253)
(112,476)
Total assets less current liabilities
(85,554)
(99,998)
Creditors: amounts falling due after more than one year
(13,805)
(14,973)
Net liabilities
(99,359)
(114,971)
Called up share capital
1
1
Profit and loss account
(99,360)
(114,972)
Shareholders' funds
(99,359)
(114,971)
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 director acknowledges her 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 and authorised for issue on 26 November 2024 and were signed on its behalf by
V Svirmicke
Director
Company Registration No. 10488905
Farnham Bridal Ltd
Notes to the Accounts
for the year ended 31 January 2024
Farnham Bridal Ltd is a private company, limited by shares, registered in England and Wales, registration number 10488905. The registered office is The Farnham Boutique 43a, The Borough, Farnham, Surrey, GU9 7NW, 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.
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.
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% reducing balance
Computer equipment
25% reducing balance
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill - 10% straight line
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.
The accounts are presented in £ sterling.
Farnham Bridal Ltd
Notes to the Accounts
for the year ended 31 January 2024
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2023
1,131
3,231
4,362
At 31 January 2024
1,131
3,685
4,816
At 1 February 2023
657
1,367
2,024
Charge for the year
119
579
698
At 31 January 2024
776
1,946
2,722
At 31 January 2024
355
1,739
2,094
At 31 January 2023
474
1,864
2,338
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
(554)
(650)
Loans from directors
109,001
112,649
Farnham Bridal Ltd
Notes to the Accounts
for the year ended 31 January 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan Account
(112,649)
(22,512)
(26,160)
(109,001)
(112,649)
(22,512)
(26,160)
(109,001)
11
Average number of employees
During the year the average number of employees was 1 (2023: 1).