VELVET EXCLUSIVE LADIES WEAR LIMITED

Company Registration Number:
08033115 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

VELVET EXCLUSIVE LADIES WEAR LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Notes

VELVET EXCLUSIVE LADIES WEAR LIMITED

Balance sheet

As at 30 June 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 4,000 4,500
Tangible assets: 4 21,347 17,054
Total fixed assets: 25,347 21,554
Current assets
Stocks: 301,409 203,303
Debtors:   396 6,020
Cash at bank and in hand: 498,912 495,291
Total current assets: 800,717 704,614
Creditors: amounts falling due within one year:   (225,013) (186,328)
Net current assets (liabilities): 575,704 518,286
Total assets less current liabilities: 601,051 539,840
Total net assets (liabilities): 601,051 539,840
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 601,050 539,839
Shareholders funds: 601,051 539,840

The notes form part of these financial statements

VELVET EXCLUSIVE LADIES WEAR LIMITED

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 19 March 2025
and signed on behalf of the board by:

Name: Mrs D J McDermott
Status: Director

The notes form part of these financial statements

VELVET EXCLUSIVE LADIES WEAR LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

VELVET EXCLUSIVE LADIES WEAR LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

2. Employees

2024 2023
Average number of employees during the period 10 10

VELVET EXCLUSIVE LADIES WEAR LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Intangible Assets

Total
Cost £
At 01 July 2023 10,000
At 30 June 2024 10,000
Amortisation
At 01 July 2023 5,500
Charge for year 500
At 30 June 2024 6,000
Net book value
At 30 June 2024 4,000
At 30 June 2023 4,500

VELVET EXCLUSIVE LADIES WEAR LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Tangible Assets

Total
Cost £
At 01 July 2023 43,443
Additions 8,060
At 30 June 2024 51,503
Depreciation
At 01 July 2023 26,389
Charge for year 3,767
At 30 June 2024 30,156
Net book value
At 30 June 2024 21,347
At 30 June 2023 17,054