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REGISTERED NUMBER: 08172406 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Violets & Velvet Ltd

Violets & Velvet Ltd (Registered number: 08172406)






Contents of the Financial Statements
for the year ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Violets & Velvet Ltd

Company Information
for the year ended 31 August 2024







DIRECTOR: Miss S Cotterrell





SECRETARY:





REGISTERED OFFICE: 18 Urban Road
Bishop's Stortford
Hertfordshire
CM23 5JD





REGISTERED NUMBER: 08172406 (England and Wales)





ACCOUNTANTS: Simpson Accountancy Limited
Unit 6 Cherrytree Farm
Blackmore End Road
Sible Hedingham
Essex
CO9 3LZ

Violets & Velvet Ltd (Registered number: 08172406)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 263 557

CURRENT ASSETS
Debtors 5 (334 ) (3,627 )
Cash at bank 25,900 30,335
25,566 26,708
CREDITORS
Amounts falling due within one year 6 10,208 7,256
NET CURRENT ASSETS 15,358 19,452
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,621

20,009

CREDITORS
Amounts falling due after more than one
year

7

2,806

3,827
NET ASSETS 12,815 16,182

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 9 12,814 16,181
SHAREHOLDERS' FUNDS 12,815 16,182

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Violets & Velvet Ltd (Registered number: 08172406)

Balance Sheet - continued
31 August 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 March 2025 and were signed by:





Miss S Cotterrell - Director


Violets & Velvet Ltd (Registered number: 08172406)

Notes to the Financial Statements
for the year ended 31 August 2024

1. STATUTORY INFORMATION

Violets & Velvet Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Violets & Velvet Ltd (Registered number: 08172406)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 20,918
DEPRECIATION
At 1 September 2023 20,361
Charge for year 294
At 31 August 2024 20,655
NET BOOK VALUE
At 31 August 2024 263
At 31 August 2023 557

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors (334 ) (3,627 )

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 8,164 5,535
Other creditors 2,044 1,721
10,208 7,256

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 2,806 3,827

8. PROVISIONS FOR LIABILITIES
Other
provisions
£   
Balance at 1 September 2023 610
Balance at 31 August 2024 610

Violets & Velvet Ltd (Registered number: 08172406)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

9. RESERVES
Retained
earnings
£   

At 1 September 2023 16,181
Profit for the year 34,633
Dividends (38,000 )
At 31 August 2024 12,814

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Miss S Cotterrell.