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Registration number: 11213175

Kimberley Rose Bridal Boutique Ltd

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2025

 

Kimberley Rose Bridal Boutique Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Kimberley Rose Bridal Boutique Ltd

Company Information

Director

Mrs Kimberley Carvell

Registered office

174 Exeter Street
Plymouth
Devon
PL4 0NG

Accountants

Mycroft Accounts Limited
Chartered Accountant38 Charlwood Gardens
Burgess Hill
West Sussex
RH15 0RE

 

Kimberley Rose Bridal Boutique Ltd

(Registration number: 11213175)
Balance Sheet as at 28 February 2025

Note

28 February
2025
£

29 February
2024
£

Fixed assets

 

Tangible assets

4

412

616

Current assets

 

Stocks

5

16,425

13,825

Debtors

6

172

695

Cash at bank and in hand

 

2,207

3,187

 

18,804

17,707

Creditors: Amounts falling due within one year

7

(21,155)

(23,057)

Net current liabilities

 

(2,351)

(5,350)

Net liabilities

 

(1,939)

(4,734)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(1,940)

(4,735)

Shareholders' deficit

 

(1,939)

(4,734)

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 July 2025
 

.........................................
Mrs Kimberley Carvell
Director

 

Kimberley Rose Bridal Boutique Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1

General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
174 Exeter Street
Plymouth
Devon
PL4 0NG

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis irrespective of the negative balance sheet due to the ongoing support of the director.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Kimberley Rose Bridal Boutique Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Asset class

Depreciation method and rate

Fixtures and Fittings

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

 

Kimberley Rose Bridal Boutique Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2024

1,991

1,991

At 28 February 2025

1,991

1,991

Depreciation

At 1 March 2024

1,375

1,375

Charge for the year

204

204

At 28 February 2025

1,579

1,579

Carrying amount

At 28 February 2025

412

412

At 29 February 2024

616

616

5

Stocks

28 February
2025
£

29 February
2024
£

Other inventories

16,425

13,825

6

Debtors

Current

28 February
2025
£

29 February
2024
£

Other debtors

172

695

 

172

695

7

Creditors

Creditors: amounts falling due within one year

28 February
2025
£

29 February
2024
£

Due within one year

Accruals and deferred income

350

350

Other creditors

20,805

22,707

21,155

23,057