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TIFFANY ROSE LIMITED

FINANCIAL STATEMENTS FOR THE PERIOD 1ST MAY 2023 TO 31ST DECEMBER 2023






TIFFANY ROSE LIMITED (REGISTERED NUMBER: 06893999)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST MAY 2023 TO 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TIFFANY ROSE LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1ST MAY 2023 TO 31ST DECEMBER 2023







DIRECTORS: T London
C Robinson





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





REGISTERED NUMBER: 06893999 (England and Wales)





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

TIFFANY ROSE LIMITED (REGISTERED NUMBER: 06893999)

BALANCE SHEET
31ST DECEMBER 2023

31.12.23 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 3,258 3,910
3,258 3,910

CURRENT ASSETS
Stocks 587,313 483,790
Debtors 7 93,189 98,518
Prepayments and accrued income 17,767 21,898
Cash at bank 129,710 342,229
827,979 946,435
CREDITORS
Amounts falling due within one year 8 266,914 272,706
NET CURRENT ASSETS 561,065 673,729
TOTAL ASSETS LESS CURRENT
LIABILITIES

564,323

677,639

CREDITORS
Amounts falling due after more than one
year

9

(70,906

)

(104,246

)

PROVISIONS FOR LIABILITIES (109,051 ) (116,128 )
NET ASSETS 384,366 457,265

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 384,364 457,263
SHAREHOLDERS' FUNDS 384,366 457,265

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

TIFFANY ROSE LIMITED (REGISTERED NUMBER: 06893999)

BALANCE SHEET - continued
31ST DECEMBER 2023


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 Board of Directors and authorised for issue on 14th January 2025 and were signed on its behalf by:





C Robinson - Director


TIFFANY ROSE LIMITED (REGISTERED NUMBER: 06893999)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST MAY 2023 TO 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Tiffany Rose 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.

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 represents the net invoiced value of goods, excluding Value Added Tax and after customer refunds. Provision is made for returns of products sold in the period, but which have been subsequently returned within the permitted time window.

Goodwill
Goodwill relates to the acquisition of a business in 2009. It has been fully amortised.

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.
Plant and machinery - 25% on reducing balance

Stocks
Stocks represent a combination of finished goods, raw materials in the form of unused fabric and unfinished goods. It is the policy of the company to value finished clothing at cost (inclusive of manufacturing costs and shipping costs). In the opinion of the directors, unused fabric remnants have little, if any realisable value and so these fabrics are included as consumed at cost. If, these remnants are subsequently manufactured into finished clothing, they are then valued at cost as per the standard finished goods policy.

Taxation
Taxation for the period 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.


TIFFANY ROSE LIMITED (REGISTERED NUMBER: 06893999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST MAY 2023 TO 31ST DECEMBER 2023

3. ACCOUNTING POLICIES - continued
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 period 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 (2023 - 7 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2023
and 31st December 2023 150,000
AMORTISATION
At 1st May 2023
and 31st December 2023 150,000
NET BOOK VALUE
At 31st December 2023 -
At 30th April 2023 -

TIFFANY ROSE LIMITED (REGISTERED NUMBER: 06893999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST MAY 2023 TO 31ST DECEMBER 2023

6. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st May 2023
and 31st December 2023 84,850 420 85,270
DEPRECIATION
At 1st May 2023 81,255 105 81,360
Charge for period 599 53 652
At 31st December 2023 81,854 158 82,012
NET BOOK VALUE
At 31st December 2023 2,996 262 3,258
At 30th April 2023 3,595 315 3,910

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 30.4.23
£    £   
Trade debtors 30,596 50,286
Other debtors 15,106 15,106
VAT 7,987 8,326
Deferred tax asset 15,319 1,969
Prepayments 24,181 22,831
93,189 98,518

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 30.4.23
£    £   
Bank loans and overdrafts 50,000 50,000
Trade creditors 196,723 217,688
Social security and other taxes 9,532 -
Pension contributions 1,306 -
Directors' current accounts 5,018 5,018
Accrued expenses 4,335 -
266,914 272,706

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 30.4.23
£    £   
Bank loan under the CBIL 70,906 104,246

10. CONTINGENT LIABILITIES

On September 11, 2015 the company completed a surrender of an existing lease and entered into a new 10 year lease for its office and warehouse facilities. The term expires 31/10/2024.