Stately Brides Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06810550

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,085		1,280

			1,085		1,280
CURRENT ASSETS
Stocks	5	27,140		31,168
Debtors	6	5,204		4,014
Cash at bank and in hand		847		3,574

		33,191		38,756
Creditors: Amounts Falling Due Within One Year	7	(36,237 )		(35,580 )

NET CURRENT ASSETS (LIABILITIES)			(3,046 )		3,176

TOTAL ASSETS LESS CURRENT LIABILITIES			(1,961 )		4,456

Creditors: Amounts Falling Due After More Than One Year	8		(830 )		(4,088 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(206 )		(243 )

NET (LIABILITIES)/ASSETS			(2,997 )		125

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(3,097 )		25

SHAREHOLDERS' FUNDS			(2,997)		125

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Stately Brides Ltd

Balance Sheet (continued)

As At 28 February 2025

For the year ending 28 February 2025 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs L M Whysall

Director

20 June 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Stately Brides Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06810550 . The registered office is 65b, King Street , Belper, Derbyshire , DE56 1QA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Going Concern Disclosure

The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.

2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Reducing Balance
Fixtures & Fittings	25% Reducing Balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

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Stately Brides Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 29 February 2024	3,528	4,399	7,927
Additions	-	168	168

As at 28 February 2025	3,528	4,567	8,095

Depreciation
As at 29 February 2024	2,588	4,059	6,647
Provided during the period	236	127	363

As at 28 February 2025	2,824	4,186	7,010

Net Book Value
As at 28 February 2025	704	381	1,085

As at 29 February 2024	940	340	1,280

5. Stocks

	2025	2024
	£	£
Stock	27,140	31,168

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	4,509	4,014
Corporation tax recoverable assets	695	-

	5,204	4,014

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	3,257	3,178
Corporation tax	-	1,112
Directors' loan accounts	32,980	31,290

	36,237	35,580

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	830	4,088

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Stately Brides Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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