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
Online and Totally Fabulous Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
1,448
1,525
Cash at bank and in hand
2,113
48
Creditors: amounts falling due within one year
(38,364)
(40,473)
Net current liabilities
(1,366)
(7,837)
Net assets/(liabilities)
82
(6,312)
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
Online and Totally Fabulous Ltd
Notes to the Accounts
for the year ended 31 August 2024
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.
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
33.33% straight line basis
Computer equipment
33.33% straight line basis
Expenditure on research and development is written off in the year in which it is incurred.
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
At 31 August 2024
575
14,575
15,150
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
At 31 August 2024
143
1,305
1,448
At 31 August 2023
335
1,190
1,525
Amounts falling due within one year
Amounts due from group undertakings etc.
2,138
5,751
Other debtors
32,436
19,604
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
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.
The company is controlled by the shareholders by virtue of their shareholding.
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).