1 April 2024 false No description of principal activity Taxfiler 2024.6 11005225 business:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11005225 2024-03-31 11005225 2024-04-01 2025-03-31 11005225 business:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 11005225 business:AbridgedAccounts 2024-04-01 2025-03-31 11005225 2025-03-31 11005225 business:Director1 2024-04-01 2025-03-31 11005225 business:Director2 2024-04-01 2025-03-31 11005225 business:RegisteredOffice 2024-04-01 2025-03-31 11005225 2024-03-31 11005225 core:WithinOneYear 2025-03-31 11005225 core:WithinOneYear 2024-03-31 11005225 core:ShareCapital core:PreviouslyStatedAmount 2025-03-31 11005225 core:ShareCapital core:PreviouslyStatedAmount 2024-03-31 11005225 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-03-31 11005225 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-03-31 11005225 core:PreviouslyStatedAmount 2025-03-31 11005225 core:PreviouslyStatedAmount 2024-03-31 11005225 business:SmallEntities 2024-04-01 2025-03-31 11005225 countries:EnglandWales 2024-04-01 2025-03-31 11005225 core:PlantMachinery 2024-04-01 2025-03-31 11005225 core:FurnitureFittings 2024-04-01 2025-03-31 11005225 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Company Registration No. 11005225 (England and Wales)
Treasured Forever Ltd Unaudited accounts for the year ended 31 March 2025
Treasured Forever Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Treasured Forever Ltd Company Information for the year ended 31 March 2025
Directors
Rita Hirani Jasheka Varsani
Company Number
11005225 (England and Wales)
Registered Office
36 Oakington Avenue Harrow HA2 7JJ England
- 3 -
Treasured Forever Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
9,794
12,676
Current assets
Inventories
9,500
10,200
Debtors
217,854
218,088
Cash at bank and in hand
191,646
77,092
419,000
305,380
Creditors: amounts falling due within one year
(111,881)
(93,789)
Net current assets
307,119
211,591
Total assets less current liabilities
316,913
224,267
Provisions for liabilities
Deferred tax
(2,447)
(3,168)
Net assets
314,466
221,099
Capital and reserves
Called up share capital
102
102
Profit and loss account
314,364
220,997
Shareholders' funds
314,466
221,099
For the year ending 31 March 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 20 October 2025 and were signed on its behalf by
Rita Hirani Director Company Registration No. 11005225
- 4 -
Treasured Forever Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Treasured Forever Ltd is a private company, limited by shares, registered in England and Wales, registration number 11005225. The registered office is 36 Oakington Avenue, Harrow, HA2 7JJ, 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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Stock
Stock 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 manufacturing/completion.
Deferred taxation
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, 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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
- 5 -
Treasured Forever Ltd Notes to the Accounts for the year ended 31 March 2025
Pension costs
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.
Leased assets
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.
4
Tangible fixed assets
Total
£
Cost or valuation
At 1 April 2024
18,746
Additions
382
At 31 March 2025
19,128
Depreciation
At 1 April 2024
6,070
Charge for the year
3,264
At 31 March 2025
9,334
Net book value
At 31 March 2025
9,794
At 31 March 2024
12,676
5
Transactions with related parties
At the year end £198,719 (2024 £198,719) was included in Debtors for loans outstanding from Treasured Forever Properties Ltd, a company in which the directors have joint control over.
6
Average number of employees
During the year the average number of employees was 5 (2024: 4).
- 6 -