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Company Registration No. 12839435 (England and Wales)
FANCY PARTY STORE LTD Unaudited accounts for the year ended 31 August 2024
FANCY PARTY STORE LTD Unaudited accounts Contents
Page
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FANCY PARTY STORE LTD Company Information for the year ended 31 August 2024
Directors
Corina-Dafina ROMAN Nevena PAUNOVIC
Company Number
12839435 (England and Wales)
Registered Office
57 NEW BARTON STREET SALFORD M6 7WN ENGLAND
Accountants
EMILIA ACCOUNTANCY LTD 58 STROUD CREDCENT LONDON UK SW15 3EJ
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FANCY PARTY STORE LTD Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
6,766 
6,766 
Debtors
70 
70 
Cash at bank and in hand
461 
122 
7,297 
6,958 
Creditors: amounts falling due within one year
(11,472)
(3,623)
Net current (liabilities)/assets
(4,175)
3,335 
Total assets less current liabilities
(4,175)
3,335 
Creditors: amounts falling due after more than one year
- 
(633)
Net (liabilities)/assets
(4,175)
2,702 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(4,177)
2,700 
Shareholders' funds
(4,175)
2,702 
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 31 May 2025 and were signed on its behalf by
Corina-Dafina ROMAN Director Company Registration No. 12839435
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FANCY PARTY STORE LTD Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
FANCY PARTY STORE LTD is a private company, limited by shares, registered in England and Wales, registration number 12839435. The registered office is 57 NEW BARTON STREET, SALFORD, M6 7WN, 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.
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
70 
Other debtors
70 
- 
70 
70 
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FANCY PARTY STORE LTD Notes to the Accounts for the year ended 31 August 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
505 
Taxes and social security
- 
754 
Loans from directors
11,472 
2,364 
11,472 
3,623 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
633 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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