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
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
FANCY PARTY STORE LTD
Statement of financial position
as at 31 August 2024
Cash at bank and in hand
461
122
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
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
FANCY PARTY STORE LTD
Notes to the Accounts
for the year ended 31 August 2024
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.
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.
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.
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 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.
Amounts falling due within one year
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
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).