2023-08-012024-07-312024-07-31false12737470PRINCESS BLING 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PRINCESS BLING LTD

Registered Number
12737470
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

PRINCESS BLING LTD
Company Information
for the year from 1 August 2023 to 31 July 2024

Director

BOSWELL, Michele

Registered Address

71-75 Shelton Street
London
WC2H 9JQ

Registered Number

12737470 (England and Wales)
PRINCESS BLING LTD
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets389152
89152
Current assets
Stocks27,16918,537
Debtors4745113
Cash at bank and on hand7,7954,779
35,70923,429
Creditors amounts falling due within one year5(44,773)(39,596)
Net current assets (liabilities)(9,064)(16,167)
Total assets less current liabilities(8,975)(16,015)
Net assets(8,975)(16,015)
Capital and reserves
Called up share capital100100
Profit and loss account(9,075)(16,115)
Shareholders' funds(8,975)(16,015)
The financial statements were approved and authorised for issue by the Director on 8 April 2025, and are signed on its behalf by:
BOSWELL, Michele
Director
Registered Company No. 12737470
PRINCESS BLING LTD
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 August 23455
Additions133
At 31 July 24588
Depreciation and impairment
At 01 August 23303
Charge for year196
At 31 July 24499
Net book value
At 31 July 2489
At 31 July 23152
4.Debtors: amounts due within one year

2024

2023

££
Other debtors745113
Total745113
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

2023

££
Other creditors44,09838,921
Accrued liabilities and deferred income675675
Total44,77339,596
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.