Registered number
09109225
EMBELLISH LONDON LTD
Filleted Accounts
31 March 2024
EMBELLISH LONDON LTD
Registered number: 09109225
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 36,969 36,969
Tangible assets 4 3,144 3,930
40,113 40,899
Current assets
Stocks 642 3,465
Debtors 5 29,699 8,754
Cash at bank and in hand 4,525 3,803
34,866 16,022
Creditors: amounts falling due within one year 6 5,418 1,546
Net current assets 40,284 17,568
Total assets less current liabilities 80,397 58,467
Creditors: amounts falling due after more than one year 7 (83,185) (64,550)
Net liabilities (2,788) (6,083)
Capital and reserves
Called up share capital 1 1
Profit and loss account (2,789) (6,084)
Shareholder's funds (2,788) (6,083)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs Devanshi Jayeshkumar Mangukiya
Director
Approved by the board on 26 December 2024
EMBELLISH LONDON LTD
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% on reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 5
3 Intangible fixed assets £
Leasehold premises:
Cost
At 1 April 2023 44,363
At 31 March 2024 44,363
Amortisation
At 1 April 2023 7,394
At 31 March 2024 7,394
Net book value
At 31 March 2024 36,969
At 31 March 2023 36,969
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 17,704
At 31 March 2024 17,704
Depreciation
At 1 April 2023 13,774
Charge for the year 786
At 31 March 2024 14,560
Net book value
At 31 March 2024 3,144
At 31 March 2023 3,930
5 Debtors 2024 2023
£ £
Trade debtors 353 (21,903)
PAYE and NI 4,418 4,418
Other debtors 24,928 26,239
29,699 8,754
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 2,000
Corporation tax 273 273
Other taxes and social security costs 1,842 1,842
Other creditors (7,533) (5,661)
(5,418) (1,546)
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 13,733 14,610
Directors Loan 69,452 49,940
83,185 64,550
8 Directors Loan
The company was under the control of Mrs Devanshi Jayeshkumar Mangukiya throughout the current. Mrs Devanshi Jayeshkumar Mangukiya is the managing director and 100 % shareholder.
Other Creditors includes an amount of £69,452 (2023: £71,490) owed to Mrs Devanshi Jayeshkumar Mangukiya, who is the director of the company.
9 Other information
EMBELLISH LONDON LTD is a private company limited by shares and incorporated in England. Its registered office is:
40 Shaftesbury Parade
Shaftesbury Avenue
South Harrow, Harrow
Middlesex, HA2 0AH
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