Registered number
15188207
The Bridal Lounge (Wiltshire) Ltd
Accounts
For the Period ended
31 October 2024
Oakensen
Chartered Accountants
Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
The Bridal Lounge (Wiltshire) Ltd
Registered number: 15188207
Balance Sheet
as at 31 October 2024
Notes 2024
£
Fixed assets
Intangible assets 3 53,606
Tangible assets 4 9,335
62,941
Current assets
Stocks 38,676
Debtors 5 16,272
Cash at bank and in hand 13,150
68,098
Creditors: amounts falling due within one year 6 (35,232)
Net current assets 32,866
Net assets 95,807
Capital and reserves
Called up share capital 100
Share premium 94,738
Profit and loss account 969
Shareholders' funds 95,807
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 members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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 and delivered 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.
Mrs C H Taylor
Director
Approved by the board on 30 April 2025
The Bridal Lounge (Wiltshire) Ltd
Notes to the Accounts
for the period from 4 October 2023 to 31 October 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 (as applied to small entities by section 1A of the standard).
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment over 4 years
Fixtures and fittings over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price, which is usually the invoice price, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price, which is usually the invoice price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024
Number
Average number of persons employed by the company 6
3 Intangible fixed assets £
Goodwill:
Cost
Additions 59,562
At 31 October 2024 59,562
Amortisation
Provided during the period 5,956
At 31 October 2024 5,956
Net book value
At 31 October 2024 53,606
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Fixtures and fittings Computer Equipment Total
£ £ £
Cost
Additions 9,511 2,940 12,451
At 31 October 2024 9,511 2,940 12,451
Depreciation
Charge for the period 2,380 736 3,116
At 31 October 2024 2,380 736 3,116
Net book value
At 31 October 2024 7,131 2,204 9,335
5 Debtors 2024
£
Other debtors 16,272
6 Creditors: amounts falling due within one year 2024
£
Trade creditors 17,096
Taxation and social security costs 17,620
Other creditors 516
35,232
7 Other information
The Bridal Lounge (Wiltshire) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Level 3 Stonemill
Court Street
Trowbridge
Wiltshire
BA14 8BU
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