Registered number
14833874
The Bridal Boutique (Crickhowell) Ltd
Unaudited Filleted Accounts
30 April 2024
The Bridal Boutique (Crickhowell) Ltd
Registered number: 14833874
Balance Sheet
as at 30 April 2024
Notes 2024
£
Fixed assets
Tangible assets 3 2,557
Current assets
Stocks 36,312
Debtors 4 937
Cash at bank and in hand 2,956
40,205
Creditors: amounts falling due within one year 5 (9,525)
Net current assets 30,680
Total assets less current liabilities 33,237
Creditors: amounts falling due after more than one year 6 (55,000)
Net liabilities (21,763)
Capital and reserves
Called up share capital 1
Profit and loss account (21,764)
Shareholder's funds (21,763)
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.
Yasmine Shaeen John
Director
Approved by the board on 17 January 2025
The Bridal Boutique (Crickhowell) Ltd
Notes to the Accounts
for the period from 28 April 2023 to 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).
Going Concern
The accounts show net liabilities. The directors still consider it appropriate that the financial statements are prepared on a going concern basis as the directors continue to support the business financially.
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.
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:
Plant and Machinery over 5 years
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.
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.
2 Employees 2024
Number
Average number of persons employed by the company 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 3,196
At 30 April 2024 3,196
Depreciation
Charge for the period 639
At 30 April 2024 639
Net book value
At 30 April 2024 2,557
4 Debtors 2024
£
Trade debtors 700
Other debtors 237
937
5 Creditors: amounts falling due within one year 2024
£
Other creditors 9,525
6 Creditors: amounts falling due after one year 2024
£
Directors account due after 12 months 55,000
7 Related party transactions
None noted.
8 Director's loan
During the year, Yasmine Shaeen John used a current account with the company to record amounts due to her. The account shows an amount owing back to Yasmine Shaeen John as director as at 30th April 2024 of £63,205.15. The amounts owed are repayable on demand and does not carry interest however Yasmin John does not expect £55,000.00 of this balance to be repaid within 12 months of the yearend.
9 Controlling party
At the year end Ms Yasmine Shaeen John held 100% of the share capital of the company, therefore the ultimate controlling party of the company.
10 Other information
The Bridal Boutique (Crickhowell) Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is:
Unit 4 Courtyard Barns
Standard Street
Crickhowell
Powys
NP8 1BP
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