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Company No: 14845802 (England and Wales)

BLANK CANVAS WEDDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL PERIOD FROM 04 MAY 2023 TO 31 MAY 2024
PAGES FOR FILING WITH THE REGISTRAR

BLANK CANVAS WEDDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 04 MAY 2023 TO 31 MAY 2024

Contents

BLANK CANVAS WEDDINGS LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL PERIOD FROM 04 MAY 2023 TO 31 MAY 2024
BLANK CANVAS WEDDINGS LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL PERIOD FROM 04 MAY 2023 TO 31 MAY 2024
DIRECTOR H Greenwood (Appointed 04 May 2023)
REGISTERED OFFICE 128 City Road
London
United Kingdom
EC1V 2NX
United Kingdom
COMPANY NUMBER 14845802 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
BLANK CANVAS WEDDINGS LIMITED

STATEMENT OF FINANCIAL POSITION

AS AT 31 MAY 2024
BLANK CANVAS WEDDINGS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

AS AT 31 MAY 2024
Note 31.05.2024
£
Fixed assets
Intangible assets 3 6,840
Tangible assets 4 2,001
8,841
Current assets
Cash at bank and in hand 17,381
17,381
Creditors: amounts falling due within one year 5 ( 32,659)
Net current liabilities (15,278)
Total assets less current liabilities (6,437)
Net liabilities ( 6,437)
Capital and reserves
Called-up share capital 200
Profit and loss account ( 6,637 )
Total shareholders' deficit ( 6,437)

For the financial period ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Blank Canvas Weddings Limited (registered number: 14845802) were approved and authorised for issue by the Director on 30 April 2025. They were signed on its behalf by:

H Greenwood
Director
BLANK CANVAS WEDDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 04 MAY 2023 TO 31 MAY 2024
BLANK CANVAS WEDDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 04 MAY 2023 TO 31 MAY 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Blank Canvas Weddings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 128 City Road, London, United Kingdom, EC1V 2NX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 4 years straight line
Website costs 5 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 5 years straight line
Office equipment 4 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

Period from
04.05.2023 to
31.05.2024
Number
Monthly average number of persons employed by the Company during the period, including the director 1

3. Intangible assets

Goodwill Website costs Total
£ £ £
Cost
At 04 May 2023 0 0 0
Additions 2,000 6,675 8,675
At 31 May 2024 2,000 6,675 8,675
Accumulated amortisation
At 04 May 2023 0 0 0
Charge for the financial period 500 1,335 1,835
At 31 May 2024 500 1,335 1,835
Net book value
At 31 May 2024 1,500 5,340 6,840

4. Tangible assets

Fixtures and fittings Office equipment Total
£ £ £
Cost
At 04 May 2023 0 0 0
Additions 1,400 1,027 2,427
At 31 May 2024 1,400 1,027 2,427
Accumulated depreciation
At 04 May 2023 0 0 0
Charge for the financial period 303 123 426
At 31 May 2024 303 123 426
Net book value
At 31 May 2024 1,097 904 2,001

5. Creditors: amounts falling due within one year

31.05.2024
£
Amounts owed to director 3,924
Accruals and deferred income 28,735
32,659