Company Registration No. 05145653 (England and Wales)
THE BEAD SHOP (NOTTINGHAM) LIMITED
Unaudited accounts
for the year ended 30 April 2024
THE BEAD SHOP (NOTTINGHAM) LIMITED
Unaudited accounts
Contents
THE BEAD SHOP (NOTTINGHAM) LIMITED
Company Information
for the year ended 30 April 2024
Directors
Mr R Bellingham
Ms H Glover
Company Number
05145653 (England and Wales)
Registered Office
7 MARKET STREET
NOTTINGHAM
NG1 6HY
United Kingdom
THE BEAD SHOP (NOTTINGHAM) LIMITED
Statement of financial position
as at 30 April 2024
Tangible assets
34,406
43,007
Inventories
104,586
80,000
Cash at bank and in hand
11,612
22,081
Creditors: amounts falling due within one year
(84,207)
(72,392)
Net current assets
31,991
29,689
Total assets less current liabilities
66,397
72,696
Creditors: amounts falling due after more than one year
(20,518)
(29,588)
Called up share capital
100
100
Profit and loss account
45,779
43,008
Shareholders' funds
45,879
43,108
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by
Mr R Bellingham
Director
Company Registration No. 05145653
THE BEAD SHOP (NOTTINGHAM) LIMITED
Notes to the Accounts
for the year ended 30 April 2024
THE BEAD SHOP (NOTTINGHAM) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05145653. The registered office is 7 MARKET STREET, NOTTINGHAM, NG1 6HY, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Reducing Balance Method
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2023
105,170
24,996
130,166
At 30 April 2024
105,170
24,996
130,166
At 1 May 2023
62,163
24,996
87,159
Charge for the year
8,601
-
8,601
At 30 April 2024
70,764
24,996
95,760
At 30 April 2024
34,406
-
34,406
At 30 April 2023
43,007
-
43,007
THE BEAD SHOP (NOTTINGHAM) LIMITED
Notes to the Accounts
for the year ended 30 April 2024
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
9,763
9,763
Trade creditors
20,574
19,548
Loans from directors
47,457
42,362
6
Creditors: amounts falling due after more than one year
2024
2023
7
Average number of employees
During the year the average number of employees was 7 (2023: 7).