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Registered number: 13966416
Veil and Vow Limited
Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Accountants' Report 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—5
Page 1
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of Veil and Vow Limited for the year ended 31 March 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Veil and Vow Limited which comprise the Income Statement, the Statement of Financial Position and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Veil and Vow Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Veil and Vow Limited and state those matters that we have agreed to state to the directors of Veil and Vow Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Veil and Vow Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Veil and Vow Limited 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 or loss of Veil and Vow Limited . You consider that Veil and Vow Limited 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 Veil and Vow Limited . 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 financial statements.
Signed
Cedar + Co.
18/01/2024
Cedar & Co.
Chartered Certified Accountants
The Greenhouse
106-108 Ashbourne Road
Derby
DE22 3AG
Page 1
Page 2
Statement of Financial Position
Registered number: 13966416
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,795 5,296
4,795 5,296
CURRENT ASSETS
Stocks 5 62,104 35,802
Debtors 6 3,818 3,871
Cash at bank and in hand 8,459 7,476
74,381 47,149
Creditors: Amounts Falling Due Within One Year 7 (98,328 ) (75,798 )
NET CURRENT ASSETS (LIABILITIES) (23,947 ) (28,649 )
TOTAL ASSETS LESS CURRENT LIABILITIES (19,152 ) (23,353 )
NET LIABILITIES (19,152 ) (23,353 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Income Statement (19,154 ) (23,355 )
SHAREHOLDERS' FUNDS (19,152) (23,353)
Page 2
Page 3
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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Susan Cope
Director
02/12/2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Veil and Vow Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13966416 . The registered office is Canterbury House, Stephensons Way, Derby, DE21 6LY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors consider that the company will continue to operate based on the current financial information and continued support of the bank and directors. On the basis the directors consider it appropriate to prepare the accounts on a going concern basis.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 10% reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2023 5,849
As at 31 March 2024 5,849
Depreciation
As at 1 April 2023 553
Provided during the period 501
As at 31 March 2024 1,054
Net Book Value
As at 31 March 2024 4,795
As at 1 April 2023 5,296
Page 4
Page 5
5. Stocks
2024 2023
£ £
Stock 62,104 35,802
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,580 -
Other debtors 2,238 3,871
3,818 3,871
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 14,244 8,920
Other creditors 83,882 66,878
Taxation and social security 202 -
98,328 75,798
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Related Party Transactions
The company is due to PP Derby Limited is £21,169 (2023 : £28,410) durring the current year.
Page 5