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REGISTERED NUMBER: 09614978 (England and Wales)











Financial Statements

for the Year Ended 31 March 2024

for

SCARLETT & GREY LIMITED

SCARLETT & GREY LIMITED (REGISTERED NUMBER: 09614978)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SCARLETT & GREY LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Ms H F Scarlett





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 09614978 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

SCARLETT & GREY LIMITED (REGISTERED NUMBER: 09614978)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,068 695

CURRENT ASSETS
Debtors 5 39,834 14,653
Cash at bank 306,645 245,542
346,479 260,195
CREDITORS
Amounts falling due within one year 6 80,242 44,444
NET CURRENT ASSETS 266,237 215,751
TOTAL ASSETS LESS CURRENT
LIABILITIES

267,305

216,446

CAPITAL AND RESERVES
Called up share capital 7 102 101
Retained earnings 267,203 216,345
SHAREHOLDERS' FUNDS 267,305 216,446

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 27 November 2024 and were signed by:





Ms H F Scarlett - Director


SCARLETT & GREY LIMITED (REGISTERED NUMBER: 09614978)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Scarlett & Grey Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 33% on cost

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.

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 1 (2023 - 1 ) .

SCARLETT & GREY LIMITED (REGISTERED NUMBER: 09614978)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023 6,410
Additions 666
At 31 March 2024 7,076
DEPRECIATION
At 1 April 2023 5,715
Charge for year 293
At 31 March 2024 6,008
NET BOOK VALUE
At 31 March 2024 1,068
At 31 March 2023 695

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 36,084 14,653
Prepayments and accrued income 3,750 -
39,834 14,653

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 2,649 -
Tax 34,489 27,275
VAT 13,943 7,101
Directors' current accounts 27,711 8,068
Accruals and deferred income 1,450 2,000
80,242 44,444

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100
1 A Ordinary £1 1 1
1 B Ordinary £1 1 -
102 101

The following shares were issued during the year for cash at par :

1 B Ordinary share of £1

SCARLETT & GREY LIMITED (REGISTERED NUMBER: 09614978)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed an amount of £27,711 (2022: £8,068) to the director. The amount is interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Ms H F Scarlett.