Company Registration No. 06789846 (England and Wales)
Affordable & Stylish Ltd
Unaudited accounts
for the period from 1 October 2023 to 31 December 2024
Affordable & Stylish Ltd
Unaudited accounts
Contents
Affordable & Stylish Ltd
Company Information
for the period from 1 October 2023 to 31 December 2024
Directors
Alan Forrest
Susan Forrest
Company Number
06789846 (England and Wales)
Registered Office
265-271 Barlow Moor Road
Manchester
M21 7GJ
England
Accountants
Foster Barlow Limited
81 Penny Meadow
Ashton under Lyne
Lancashire
OL6 6EL
Affordable & Stylish Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
180,167
196,522
Inventories
684,750
492,400
Cash at bank and in hand
66,695
101,231
Creditors: amounts falling due within one year
(691,297)
(513,037)
Net current assets
305,710
336,643
Total assets less current liabilities
534,563
581,851
Creditors: amounts falling due after more than one year
(249,622)
(311,537)
Provisions for liabilities
Deferred tax
(43,158)
(41,483)
Net assets
241,783
228,831
Called up share capital
2
2
Profit and loss account
241,781
228,829
Shareholders' funds
241,783
228,831
For the period ending 31 December 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 30 September 2025 and were signed on its behalf by
Susan Forrest
Director
Company Registration No. 06789846
Affordable & Stylish Ltd
Notes to the Accounts
for the period from 1 October 2023 to 31 December 2024
Affordable & Stylish Ltd is a private company, limited by shares, registered in England and Wales, registration number 06789846. The registered office is 265-271 Barlow Moor Road, Manchester, M21 7GJ, 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 period, 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% RB
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 completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Affordable & Stylish Ltd
Notes to the Accounts
for the period from 1 October 2023 to 31 December 2024
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date only when this is considered to be material, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Investments in shares are included at fair value.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2023
48,456
340,809
85,952
475,217
Additions
-
30,140
-
30,140
At 31 December 2024
48,456
370,949
85,952
505,357
At 1 October 2023
33,852
185,239
59,604
278,695
Charge for the period
3,651
38,892
3,952
46,495
At 31 December 2024
37,503
224,131
63,556
325,190
At 31 December 2024
10,953
146,818
22,396
180,167
At 30 September 2023
14,604
155,570
26,348
196,522
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
78,109
155,570
5
Investments
Other investments
Valuation at 1 October 2023
48,686
Valuation at 31 December 2024
48,686
Amounts falling due within one year
Trade debtors
173,744
163,935
Other debtors
71,818
92,114
Affordable & Stylish Ltd
Notes to the Accounts
for the period from 1 October 2023 to 31 December 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
60,017
39,806
Obligations under finance leases and hire purchase contracts
43,438
49,275
Trade creditors
344,442
316,320
Taxes and social security
19,335
77,173
Other creditors
224,065
30,463
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
219,921
175,573
Obligations under finance leases and hire purchase contracts
29,701
135,964
At the period end date the amount outstanding was £71,818 (2023: £92,114). The balance was repaid in April 2025.
10
Average number of employees
During the period the average number of employees was 12 (2023: 14).