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Company Registration No. 14310982 (England and Wales)
Bags By Colours Of Fashion Ltd Unaudited accounts for the year ended 31 August 2024
Bags By Colours Of Fashion Ltd Unaudited accounts Contents
Page
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Bags By Colours Of Fashion Ltd Company Information for the year ended 31 August 2024
Directors
Rafal Tymochowicz Wioletta Tymochowicz
Company Number
14310982 (England and Wales)
Registered Office
30 Hanley Avenue Bramcote Nottingham Nottinghamshire NG9 3HF England
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Bags By Colours Of Fashion Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
14,070 
10,523 
Debtors
2,424 
2,539 
Cash at bank and in hand
10,041 
4,855 
26,535 
17,917 
Creditors: amounts falling due within one year
(26,066)
(17,843)
Net current assets
469 
74 
Net assets
469 
74 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
467 
72 
Shareholders' funds
469 
74 
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 18 February 2025 and were signed on its behalf by
Rafal Tymochowicz Director Company Registration No. 14310982
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Bags By Colours Of Fashion Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Bags By Colours Of Fashion Ltd is a private company, limited by shares, registered in England and Wales, registration number 14310982. The registered office is 30 Hanley Avenue, Bramcote, Nottingham, Nottinghamshire, NG9 3HF, England.
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.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
2,424 
2,444 
Trade debtors
- 
95 
2,424 
2,539 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
11,333 
6,386 
Trade creditors
2,413 
4,084 
Taxes and social security
8,801 
4,732 
Other creditors
3,519 
766 
Loans from directors
- 
1,875 
26,066 
17,843 
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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