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
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
Treasured Forever Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
9,794
12,676
Cash at bank and in hand
191,646
77,092
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
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
Treasured Forever Ltd
Notes to the Accounts
for the year ended 31 March 2025
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.
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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 year, 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.
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 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 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.
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
Treasured Forever Ltd
Notes to the Accounts
for the year ended 31 March 2025
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.
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.
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Tangible fixed assets
Total
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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.
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Average number of employees
During the year the average number of employees was 5 (2024: 4).