Registered number
03294001
Donna Salado Bridalwear Limited
Filleted Accounts
31 December 2024
Donna Salado Bridalwear Limited
Registered number: 03294001
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Current assets
Stocks 55,619 90,343
Debtors 5 3,350 3,350
Cash at bank and in hand 13,469 19,051
72,438 112,744
Creditors: amounts falling due within one year 6 (56,711) (77,098)
Net current assets 15,727 35,646
Total assets less current liabilities 15,727 35,646
Creditors: amounts falling due after more than one year 7 (16,276) (32,284)
Net (liabilities)/assets (549) 3,362
Capital and reserves
Called up share capital 100 100
Profit and loss account (649) 3,262
Shareholders' funds (549) 3,362
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Salado
Director
Approved by the board on 19 May 2025
Donna Salado Bridalwear Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 12,500
At 31 December 2024 12,500
Amortisation
At 1 January 2024 12,500
At 31 December 2024 12,500
Net book value
At 31 December 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 33,681
At 31 December 2024 33,681
Depreciation
At 1 January 2024 33,681
At 31 December 2024 33,681
Net book value
At 31 December 2024 -
5 Debtors 2024 2023
£ £
Other debtors 3,350 3,350
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 1,722
Trade creditors 63,392 88,429
Corporation tax - (3,215)
Other taxes and social security costs (7,481) (10,338)
Other creditors 800 500
56,711 77,098
7 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 16,276 32,284
8 Taxation
As at 31st December 2024 there were unrelieved trading losses of £649.
9 Other information
Donna Salado Bridalwear Limited is a private company limited by shares and incorporated in England. Its registered office is:
28 Abington Grove
Northampton
Northants
NN1 4QX
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