Company Registration No. 13407481 (England and Wales)
EMPRESS PIERCING LTD
Unaudited accounts
for the year ended 31 May 2024
EMPRESS PIERCING LTD
Unaudited accounts
Contents
EMPRESS PIERCING LTD
Company Information
for the year ended 31 May 2024
Directors
Kate Barnfield
Natasha Harries
Company Number
13407481 (England and Wales)
Registered Office
159 Holton Road
Barry
CF63 4HP
Accountants
Richlands Accountancy Ltd
Richlands
Maesteg Road
Tondu
Bridgend
CF32 9BT
EMPRESS PIERCING LTD
Statement of financial position
as at 31 May 2024
Tangible assets
7,392
4,014
Cash at bank and in hand
32,308
37,955
Creditors: amounts falling due within one year
(118,842)
(42,316)
Net current assets
14,803
22,133
Called up share capital
100
100
Profit and loss account
22,095
26,047
Shareholders' funds
22,195
26,147
For the year ending 31 May 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 27 February 2025 and were signed on its behalf by
Natasha Harries
Director
Company Registration No. 13407481
EMPRESS PIERCING LTD
Notes to the Accounts
for the year ended 31 May 2024
EMPRESS PIERCING LTD is a private company, limited by shares, registered in England and Wales, registration number 13407481. The registered office is 159 Holton Road, Barry, CF63 4HP.
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:
Plant & machinery
25% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
1,646
2,669
1,406
5,721
Additions
1,350
1,015
3,022
5,387
At 31 May 2024
2,996
3,684
4,428
11,108
At 1 June 2023
411
803
493
1,707
Charge for the year
646
576
787
2,009
At 31 May 2024
1,057
1,379
1,280
3,716
At 31 May 2024
1,939
2,305
3,148
7,392
At 31 May 2023
1,235
1,866
913
4,014
EMPRESS PIERCING LTD
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Accrued income and prepayments
6,081
498
Other debtors
90,756
23,496
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
55,334
1,370
Taxes and social security
31,846
24,530
Other creditors
27,439
3,369
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Current Account
14,225
84,530
52,399
46,356
Directors Current Account
9,272
87,500
52,369
44,403
23,497
172,030
104,768
90,759
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Average number of employees
During the year the average number of employees was 3 (2023: 3).