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REGISTERED NUMBER: 10137300 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

KINGSWINFORD BRIDAL LIMITED

KINGSWINFORD BRIDAL LIMITED (REGISTERED NUMBER: 10137300)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


KINGSWINFORD BRIDAL LIMITED (REGISTERED NUMBER: 10137300)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,000 4,000
Tangible assets 5 2,151 2,530
5,151 6,530

CURRENT ASSETS
Stocks 47,450 49,750
Debtors 6 47,275 44,025
Cash at bank and in hand 2,832 7,301
97,557 101,076
CREDITORS
Amounts falling due within one year 7 50,181 61,088
NET CURRENT ASSETS 47,376 39,988
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,527

46,518

CREDITORS
Amounts falling due after more than one
year

8

-

(7,083

)

PROVISIONS FOR LIABILITIES - (200 )
NET ASSETS 52,527 39,235

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 52,427 39,135
SHAREHOLDERS' FUNDS 52,527 39,235

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

KINGSWINFORD BRIDAL LIMITED (REGISTERED NUMBER: 10137300)

BALANCE SHEET - continued
31 DECEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2025 and were signed on its behalf by:




Miss A J Blackford - Director



Miss L M Hobbis - Director


KINGSWINFORD BRIDAL LIMITED (REGISTERED NUMBER: 10137300)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Kingswinford Bridal Limited is a private company, limited by shares, registered in England and Wales, registered number 10137300. Its registered office is The Chapel, Pedmore Road, Lye, Stourbridge, West Midlands, DY9 8DJ.

The financial statements are presented in Sterling, which is the functional currency of the company.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


KINGSWINFORD BRIDAL LIMITED (REGISTERED NUMBER: 10137300)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Basic financial liabilities, including trade and other debtors, bank loans and other loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 10,000
AMORTISATION
At 1 January 2024 6,000
Charge for year 1,000
At 31 December 2024 7,000
NET BOOK VALUE
At 31 December 2024 3,000
At 31 December 2023 4,000

KINGSWINFORD BRIDAL LIMITED (REGISTERED NUMBER: 10137300)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 6,289
DEPRECIATION
At 1 January 2024 3,759
Charge for year 379
At 31 December 2024 4,138
NET BOOK VALUE
At 31 December 2024 2,151
At 31 December 2023 2,530

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 4,707 5,012
Amounts owed by group undertakings 42,456 -
Other debtors 112 39,013
47,275 44,025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 28,959 5,000
Trade creditors 8,495 6,992
Taxation and social security 7,482 8,071
Other creditors 5,245 41,025
50,181 61,088

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans - 7,083

KINGSWINFORD BRIDAL LIMITED (REGISTERED NUMBER: 10137300)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
Mrs G Homer-Talbot
Balance outstanding at start of year 1,000 -
Amounts advanced - 2,000
Amounts repaid (1,000 ) (1,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,000

The above loans were unsecured, interest free and repayable on demand.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £500 (2023 - £1,000) were paid to the directors .