THE NEARLY NEW CASHMERE BOUTIQUE LIMITED


Directors	HOLLINS, Guy David Alan
	HOLLINS, Michael Donald
	ORR, Alison Fiona Mackenzie
	SCHOFIELD, Imogen Fiona Mackenzie


Registered Address	Common Head Lane
	Masham
	Ripon
	HG4 4ET


Registered Number	10856027 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		28,578		16,740
			28,578		16,740
Current assets
Stocks	4	526,664		236,300
Debtors	5	15,351		25,291
Cash at bank and on hand		204,225		72,210
		746,240		333,801
Creditors amounts falling due within one year	6	(265,927)		(98,635)
Net current assets (liabilities)			480,313		235,166
Total assets less current liabilities			508,891		251,906
Creditors amounts falling due after one year	7		(6,192)		(9,164)
Net assets			502,699		242,742
Capital and reserves
Called up share capital			100		100
Profit and loss account			502,599		242,642
Shareholders' funds			502,699		242,742

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 30 October 2025, and are signed on its behalf by:

ORR, Alison Fiona Mackenzie
Director

SCHOFIELD, Imogen Fiona Mackenzie
Director

Registered Company No. 10856027

THE NEARLY NEW CASHMERE BOUTIQUE LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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.

	Revenue from sale of goods
	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.

Revenue from sale of goods

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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Vehicles	20
	Office Equipment	20

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	9		8

3.	Tangible fixed assets

	Vehicles	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 April 24	16,400	10,780	27,180
Additions	-	17,135	17,135
At 31 March 25	16,400	27,915	44,315
Depreciation and impairment
At 01 April 24	5,904	4,536	10,440
Charge for year	2,099	3,198	5,297
At 31 March 25	8,003	7,734	15,737
Net book value
At 31 March 25	8,397	20,181	28,578
At 31 March 24	10,496	6,244	16,740

4.	Stocks

	2025	2024
	£	£
Raw materials and consumables	526,664	236,300
Total	526,664	236,300

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	433	870
Other debtors	1,335	775
Prepayments and accrued income	13,583	23,646
Total	15,351	25,291

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	103,227	32,726
Bank borrowings and overdrafts	2,826	299
Taxation and social security	134,783	44,275
Other creditors	12,704	18,804
Accrued liabilities and deferred income	12,387	2,531
Total	265,927	98,635


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	6,192	9,164
Total	6,192	9,164