Company registration number 14435580 (England and Wales)
DENISE PRENTICE ACCESSORIES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
DENISE PRENTICE ACCESSORIES LTD
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
DENISE PRENTICE ACCESSORIES LTD
STATEMENT OF FINANCIAL POSITION
AS AT
31 OCTOBER 2024
31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
22,500
30,000
Current assets
Cash at bank and in hand
42,884
23,833
Creditors: amounts falling due within one year
4
(29,974)
(16,591)
Net current assets
12,910
7,242
Net assets
35,410
37,242
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
35,310
37,142
Total equity
35,410
37,242

For the financial year ended 31 October 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 of its financial statements for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 20 February 2025
R D Prentice
Director
Company registration number 14435580 (England and Wales)
Denise Prentice Accessories Ltd
DENISE PRENTICE ACCESSORIES LTD
Notes to the financial statements
for the year ended 31 October 2024
- 2 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.

Turnover

Turnover represents the fair value of the consideration received or receivable for goods and services provided in the normal course of business. Turnover is recognised on the sale of goods.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
Denise Prentice Accessories Ltd
DENISE PRENTICE ACCESSORIES LTD
Notes to the financial statements (CONTINUED)
for the year ended 31 October 2024
- 3 -
3
Tangible fixed assets
Motor vehicles
£
Cost
At 1 November 2023 and 31 October 2024
30,000
Depreciation and impairment
At 1 November 2023
-
0
Depreciation charged in the year
7,500
At 31 October 2024
7,500
Carrying amount
At 31 October 2024
22,500
At 31 October 2023
30,000
4
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
7,425
7,113
Other creditors
21,649
8,758
Accruals and deferred income
900
720
29,974
16,591
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