Shoe Boutique (M/c) Ltd
Registered number: 09522518
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,337 1,220
Investments 4 18,130 10,886
19,467 12,106
Current assets
Debtors 5 72,192 21,412
Cash at bank and in hand 36,023 65,430
108,215 86,842
Creditors: amounts falling due within one year 6 (121,907) (85,070)
Net current (liabilities)/assets (13,692) 1,772
Total assets less current liabilities 5,775 13,878
Creditors: amounts falling due after more than one year 7 (6,600) (7,800)
Net (liabilities)/assets (825) 6,078
Capital and reserves
Called up share capital 1 1
Profit and loss account (826) 6,077
Shareholder's funds (825) 6,078
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Luftig
Director
Approved by the board on 23 December 2024
Shoe Boutique (M/c) Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 2,294
Additions 300
At 31 March 2024 2,594
Depreciation
At 1 April 2023 1,074
Charge for the year 183
At 31 March 2024 1,257
Net book value
At 31 March 2024 1,337
At 31 March 2023 1,220
4 Investments
Other
investments
£
Cost
At 1 April 2023 10,886
Additions 7,244
At 31 March 2024 18,130
5 Debtors 2024 2023
£ £
Other debtors 72,192 21,412
6 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 280 280
Other taxes and social security costs 43 -
Other creditors 121,584 84,790
121,907 85,070
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 6,600 7,800
8 Other information
Shoe Boutique (M/c) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Room 9
Enterprise House
3 Middleton Rd
Manchester
M8 5DT
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