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Company Registration No. 09579011 (England and Wales)
Online and Totally Fabulous Ltd Unaudited accounts for the year ended 31 August 2024
Online and Totally Fabulous Ltd Unaudited accounts Contents
Page
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Online and Totally Fabulous Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,448 
1,525 
Current assets
Debtors
34,885 
32,588 
Cash at bank and in hand
2,113 
48 
36,998 
32,636 
Creditors: amounts falling due within one year
(38,364)
(40,473)
Net current liabilities
(1,366)
(7,837)
Net assets/(liabilities)
82 
(6,312)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
80 
(6,314)
Shareholders' funds
82 
(6,312)
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 3 March 2025 and were signed on its behalf by
Johanna Margaret Peevor Director Company Registration No. 09579011
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Online and Totally Fabulous Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Online and Totally Fabulous Ltd is a private company, limited by shares, registered in England and Wales, registration number 09579011. The registered office is Lower House, Far Moor Lane, Redditch, England, B98 0GG.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
33.33% straight line basis
Computer equipment
33.33% straight line basis
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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Online and Totally Fabulous Ltd Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
575 
13,102 
13,677 
Additions
- 
1,473 
1,473 
At 31 August 2024
575 
14,575 
15,150 
Depreciation
At 1 September 2023
240 
11,912 
12,152 
Charge for the year
192 
1,358 
1,550 
At 31 August 2024
432 
13,270 
13,702 
Net book value
At 31 August 2024
143 
1,305 
1,448 
At 31 August 2023
335 
1,190 
1,525 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
11 
558 
Trade debtors
300 
6,675 
Amounts due from group undertakings etc.
2,138 
5,751 
Other debtors
32,436 
19,604 
34,885 
32,588 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
12,992 
11,760 
Amounts owed to group undertakings and other participating interests
19,965 
26,511 
Taxes and social security
4,747 
1,542 
Other creditors
660 
660 
38,364 
40,473 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
200 Ordinary shares of £0.01 each
2 
2 
8
Transactions with related parties
At the end of the year the company owed £19,525 (2023: £26,511) to Jigsaw Web Design Ltd, £99 (2023: NIL) to Unlocked Club Ltd and £341 to the Richard Peevor Consultancy Ltd having receivable balance of £4,103 in 2023. The company also owed £2,138 (2023: £1,648) from Totally High Level Ltd where the director Mrs Peevor has participating interest.
9
Controlling party
The company is controlled by the shareholders by virtue of their shareholding.
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Online and Totally Fabulous Ltd Notes to the Accounts for the year ended 31 August 2024
10
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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