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Company Registration No. 11981824 (England and Wales)
Style & Glamour Boutique Limited Unaudited accounts for the year ended 31 May 2024
Style & Glamour Boutique Limited Unaudited accounts Contents
Page
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Style & Glamour Boutique Limited Company Information for the year ended 31 May 2024
Director
Lisa Kennedy
Company Number
11981824 (England and Wales)
Registered Office
4 Paddock Court Failsworth Manchester Lancashire M35 0QB England
Accountants
Summed Up Accountancy Services 74 Ashton Road Failsworth Manchester M35 9WL
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Style & Glamour Boutique Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,860 
4,658 
Current assets
Inventories
3,905 
4,505 
Debtors
250 
- 
Cash at bank and in hand
751 
732 
4,906 
5,237 
Creditors: amounts falling due within one year
(7,191)
(1,416)
Net current (liabilities)/assets
(2,285)
3,821 
Total assets less current liabilities
1,575 
8,479 
Provisions for liabilities
Deferred tax
(734)
(885)
Net assets
841 
7,594 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
741 
7,494 
Shareholders' funds
841 
7,594 
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 director acknowledges her 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 and authorised for issue on 27 February 2025 and were signed on its behalf by
Lisa Kennedy Director Company Registration No. 11981824
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Style & Glamour Boutique Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Style & Glamour Boutique Limited is a private company, limited by shares, registered in England and Wales, registration number 11981824. The registered office is 4 Paddock Court, Failsworth, Manchester, Lancashire, M35 0QB, England.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Going concern
The directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
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
Computer equipment
33% Straight Line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Style & Glamour Boutique Limited Notes to the Accounts for the year ended 31 May 2024
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 June 2023
10,983 
608 
11,591 
At 31 May 2024
10,983 
608 
11,591 
Depreciation
At 1 June 2023
6,325 
608 
6,933 
Charge for the year
798 
- 
798 
At 31 May 2024
7,123 
608 
7,731 
Net book value
At 31 May 2024
3,860 
- 
3,860 
At 31 May 2023
4,658 
- 
4,658 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
250 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
568 
Trade creditors
370 
- 
Taxes and social security
542 
480 
Other creditors
5,704 
- 
Loans from directors
575 
368 
7,191 
1,416 
7
Transactions with related parties
Directors' loans are interest free and repayable on demand.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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