Company Registration No. 07728424 (England and Wales)
Tess Van Ghert London Ltd
Unaudited accounts
for the year ended 31 August 2024
Tess Van Ghert London Ltd
Unaudited accounts
Contents
Tess Van Ghert London Ltd
Company Information
for the year ended 31 August 2024
Directors
Augusta Pokrovskaya
Kristina Pokrovskaya
Company Number
07728424 (England and Wales)
Registered Office
19 Gunter Grove
London
SW10 0UN
Tess Van Ghert London Ltd
Statement of financial position
as at 31 August 2024
Cash at bank and in hand
(17,084)
3,596
Creditors: amounts falling due within one year
(383,014)
(375,819)
Net current liabilities
(300,394)
(253,489)
Total assets less current liabilities
(299,651)
(252,529)
Creditors: amounts falling due after more than one year
(294,776)
(308,245)
Net liabilities
(594,427)
(560,774)
Called up share capital
2
2
Profit and loss account
(594,429)
(560,776)
Shareholders' funds
(594,427)
(560,774)
For the year ending 31 August 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 17 April 2025 and were signed on its behalf by
Kristina Pokrovskaya
Director
Company Registration No. 07728424
Tess Van Ghert London Ltd
Notes to the Accounts
for the year ended 31 August 2024
Tess Van Ghert London Ltd is a private company, limited by shares, registered in England and Wales, registration number 07728424. The registered office is 19 Gunter Grove , London, SW10 0UN.
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.
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.
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
25% on costs
Computer equipment
25% on costs
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.
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.
Tess Van Ghert London Ltd
Notes to the Accounts
for the year ended 31 August 2024
These financial statements have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent upon the continued support from its shareholders and other creditors. If the company were unable to trade, adjustments would have to be made to reduce the value of the assets to their recoverable amounts and to provide further liabilities that might arise.
The directors believe that with support from the shareholders and creditors continued funding will be provided to support the company whilst it moves towards profitability and to enable it to meet its day-to-day commitments from cashflows. As a consequence, the directors believe that the company is well placed to manage its business risks successfully. As such, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.
Expenditure on research and development is written off in the year in which it is incurred.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2023
6,648
3,832
10,480
At 31 August 2024
7,149
3,832
10,981
At 1 September 2023
6,648
2,872
9,520
Charge for the year
10
708
718
At 31 August 2024
6,658
3,580
10,238
At 31 August 2024
491
252
743
At 31 August 2023
-
960
960
Amounts falling due within one year
Trade debtors
23,846
36,270
Accrued income and prepayments
798
739
Tess Van Ghert London Ltd
Notes to the Accounts
for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Trade creditors
68,156
85,810
Taxes and social security
300
916
Loans from directors
303,876
278,848
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
277,348
283,423
Creditors amount falling due more than one year includes a net sum of £277,348 (2023: £283,423) invested into the company.
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Transactions with related parties
Mrs Augusta Pokrovskaya
Included in other creditors due within one year is an amount of £168,857 (2023: £159,079) owed by the company to Mrs Augusta Pokrovskaya.
Miss Kristina Pokrovskaya
Included in other creditors due within one year is an amount of £135,019 (2023: £119,769) owed by the company to Miss Kristina Pokrovskaya.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).