Registered number
07487491
Charlotte Sayers Limited
Filleted Accounts
30 April 2024
Charlotte Sayers Limited
Registered number: 07487491
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Current assets
Stocks 1,789,589 1,607,167
Debtors 3 9,720 49,252
Cash at bank and in hand 23,286 19,528
1,822,595 1,675,947
Creditors: amounts falling due within one year 4 (883,241) (845,554)
Net current assets 939,354 830,393
Net assets 939,354 830,393
Capital and reserves
Called up share capital 2 2
Profit and loss account 939,352 830,391
Shareholder's funds 939,354 830,393
The directors are 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 directors acknowledge their 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.
A C Carrick
Director
Approved by the board on 7 January 2025
Charlotte Sayers Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2024 2023
£ £
Trade debtors 9,720 49,156
Other debtors - 96
9,720 49,252
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,009 278
Taxation and social security costs 37,202 42,715
Other creditors 845,030 802,561
883,241 845,554
5 Other information
Charlotte Sayers Limited is a private company limited by shares and incorporated in England. Its registered office is:
9 Bonhill Street
London
EC2A 4DJ
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