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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
Page
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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
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THE BEAD SHOP (NOTTINGHAM) LIMITED Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
34,406 
43,007 
Current assets
Inventories
104,586 
80,000 
Cash at bank and in hand
11,612 
22,081 
116,198 
102,081 
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)
Net assets
45,879 
43,108 
Capital and reserves
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
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THE BEAD SHOP (NOTTINGHAM) LIMITED Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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.
4
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 
Depreciation
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 
Net book value
At 30 April 2024
34,406 
- 
34,406 
At 30 April 2023
43,007 
- 
43,007 
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THE BEAD SHOP (NOTTINGHAM) LIMITED Notes to the Accounts for the year ended 30 April 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9,763 
9,763 
VAT
6,413 
719 
Trade creditors
20,574 
19,548 
Loans from directors
47,457 
42,362 
84,207 
72,392 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
20,518 
29,588 
7
Average number of employees
During the year the average number of employees was 7 (2023: 7).
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