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GEORGE JAMES BRIDAL LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024






GEORGE JAMES BRIDAL LTD (REGISTERED NUMBER: 10699557)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GEORGE JAMES BRIDAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: N Harris





REGISTERED OFFICE: 2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ





REGISTERED NUMBER: 10699557 (England and Wales)





ACCOUNTANTS: Halsey & Co (Accountants) Ltd.
Chartered Certified Accountants
Registered Auditors
2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ

GEORGE JAMES BRIDAL LTD (REGISTERED NUMBER: 10699557)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Stocks - 35,616
Debtors 7 35,731 64,038
Cash at bank 32 8,436
35,763 108,090
CREDITORS
Amounts falling due within one year 8 28,578 65,337
NET CURRENT ASSETS 7,185 42,753
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,185

42,753

CREDITORS
Amounts falling due after more than one
year

9

15,329

21,722
NET (LIABILITIES)/ASSETS (8,144 ) 21,031

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (8,154 ) 21,021
SHAREHOLDERS' FUNDS (8,144 ) 21,031

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 21st December 2024 and were signed by:



N Harris - Director


GEORGE JAMES BRIDAL LTD (REGISTERED NUMBER: 10699557)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

George James Bridal Ltd 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

GEORGE JAMES BRIDAL LTD (REGISTERED NUMBER: 10699557)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023 10,500
Disposals (10,500 )
At 31st March 2024 -
AMORTISATION
At 1st April 2023 10,500
Eliminated on disposal (10,500 )
At 31st March 2024 -
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

6. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st April 2023 4,994 436 5,430
Disposals (4,994 ) - (4,994 )
At 31st March 2024 - 436 436
DEPRECIATION
At 1st April 2023 4,994 436 5,430
Eliminated on disposal (4,994 ) - (4,994 )
At 31st March 2024 - 436 436
NET BOOK VALUE
At 31st March 2024 - - -
At 31st March 2023 - - -

GEORGE JAMES BRIDAL LTD (REGISTERED NUMBER: 10699557)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 34,382
Amounts owed by associates 28,609 23,499
Other debtors - 5,157
Directors' current accounts 5,262 -
Tax 860 -
Prepayments 1,000 1,000
35,731 64,038

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,648 10,648
Other loans 16,000 16,000
Trade creditors - 16,802
Amounts owed to associates 1,700 -
Tax - 11,848
VAT - 1,018
Directors' current accounts - 8,202
Accrued expenses 230 819
28,578 65,337

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 10,648 10,648
Bank loans - 2-5 years 4,681 11,074
15,329 21,722

10. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £1,700 (2023 - £ nil) to Hattie Harris Properties Ltd, a company under the common control of the director. The amount is interest free and repayable on demand.

At the balance sheet date, the company was owed £28,609 (2023 - £23,499) by Pink Penguin Productions Ltd, a company under the common control of the director. The amount is interest free and repayable on demand.