REGISTERED NUMBER: 08978079 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Tracey Michelle Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Intangible assets

5

-

-

Tangible assets

6

9,304

13,557

9,304

13,557

Current assets

Stocks

20,441

18,269

Debtors

7

1,841

1,831

Cash at bank

23,850

12,941

46,132

33,041

Creditors

Amounts falling due within one year

8

(13,123

)

(14,716

)

Net current assets

33,009

18,325

Total assets less current liabilities

42,313

31,882

Creditors

Amounts falling due after more than one year

9

(15,000

)

(15,000

)

Provisions for liabilities

(1,946

)

(2,941

)

Net assets

25,367

13,941

Capital and reserves

Called up share capital

100

100

Retained earnings

25,267

13,841

Shareholders' funds

25,367

13,941

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 20 November 2025 and were signed by:

Mrs T M Douthwaite - Director

1.	Statutory information

Tracey Michelle Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

08978079

Registered office:

Holly House

Old Cantley

South Burlingham

Norwich

Norfolk

NR13 4HA

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

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

Tangible fixed assets

Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant, machinery, fixtures and fittings - 15% on reducing balance

Computer equipment - 33.3% on cost

Motor vehicles - 25% on reducing balance

Inventories

Inventories have been valued at the lower of cost and net estimated selling price, less costs to sell.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, was amortised evenly over it's estimated useful life of three years.

4.	Employees and directors

The average number of employees during the year was 1 (2024 - 1 ) .

5.	Intangible fixed assets

Goodwill

£

Cost

At 1 May 2024

and 30 April 2025

5,000

Amortisation

At 1 May 2024

and 30 April 2025

5,000

Net book value

At 30 April 2025

-

At 30 April 2024

-

6.	Tangible fixed assets

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

Cost

At 1 May 2024

22,074

7,472

11,233

15,775

56,554

Disposals

(4,659

)

(1,335

)

-

(6,960

)

(12,954

)

At 30 April 2025

17,415

6,137

11,233

8,815

43,600

Depreciation

At 1 May 2024

13,935

4,666

10,310

14,086

42,997

Charge for year

1,003

361

231

606

2,201

Eliminated on disposal

(3,205

)

(934

)

-

(6,763

)

(10,902

)

At 30 April 2025

11,733

4,093

10,541

7,929

34,296

Net book value

At 30 April 2025

5,682

2,044

692

886

9,304

At 30 April 2024

8,139

2,806

923

1,689

13,557

7.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

492

698

Other debtors

1,349

1,133

1,841

1,831

8.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

609

733

Taxation and social security

4,282

4,493

Other creditors

8,232

9,490

13,123

14,716

9.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Other creditors

15,000

15,000

10.	Related party disclosures

At the balance sheet date the company owed the director £20,703 (2024 - £21,172) of which £15,000 (2024 - £15,000) is due after more than one year. Loan interest has been charged at a rate of 4% (2024 - 4%).

During the year the Company paid rent of £9,600 (2024 - £9,600) to the director.

11.	Ultimate controlling party

The controlling party is Mrs T M Douthwaite.