smallAccCompHo_0921.xslt
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Company Registration No. 08632591 (England and Wales)

ELIZABETH SCARLETT LIMITED
Financial Statements
for the Period from 01 August 2024 to 31 July 2025

## ELIZABETH SCARLETT LIMITED

### Financial Statements for the period ending 31 July 2025

CONTENTS | PAGE
Company Information | 2
Statement of Financial Position | 3
Notes to the Accounts | 4

## ELIZABETH SCARLETT LIMITED

### Financial Statements for the period ending 31 July 2025

#### Company Information

Company Details
Company Number | 08632591
Registered Office | CRANBORNE HOUSE
| SUMMIT ROAD
| POTTERS BAR
| EN6 3JN
Directors
Directors who held office during the period were:
Russell BRIN
Alexander Chrysanthos PETRIDES
Elizabeth Scarlett PETRIDES

## ELIZABETH SCARLETT LIMITED

### Financial Statements for the period ending 31 July 2025

#### Statement of Financial Position

12345678

| Notes | 2025 |  | 2024
|  | £ |  | £
Fixed Assets |  |  |  |
Intangible assets | 5 | 34,791 |  | 20,500
Tangible assets | 6 | 342,896 |  | 54,933
Current Assets |  |  |  |
Stocks |  | 908,280 |  | 886,836
Debtors due |  | 538,863 |  | 181,661
Cash at bank and in hand |  | 1,219,599 |  | 469,306
|  | 2,666,742 |  | 1,537,803
Creditors |  |  |  |
Amount falling due within one year |  | (1,732,532) |  | (937,563)
Net Current Assets |  | 934,210 |  | 600,240
Total Assets less current liabilities |  | 1,311,897 |  | 675,673
Provision for liabilities |  | - |  | (18,858)
Net Assets |  | 1,311,897 |  | 656,815
Capital and Reserves |  |  |  |
Called up Share Capital |  | 300 |  | 300
Share Premium Account |  | 9,900 |  | 9,900
Retained earnings at end of year |  | 1,301,697 |  | 646,615
Shareholder funds |  | 1,311,897 |  | 656,815

For the year ending 31/07/2025 the company was entitled to exemption 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
Approved by the Board on 10 March 2026
Alexander Petrides
Company Registration No. 08632591

## ELIZABETH SCARLETT LIMITED

### Financial Statements for the period ending 31 July 2025

#### Notes to the Accounts

1. Statutory Information
ELIZABETH SCARLETT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08632591.
2. Accounting Policies
Basis of preparing the Financial Statements
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities.
Presentation Currency
The accounts are presented in £ sterling.
Turnover
Revenue is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business.

## ELIZABETH SCARLETT LIMITED

### Financial Statements for the period ending 31 July 2025

#### Notes to the Accounts

Current Tax
Current tax payable is based on taxable profit for the year. Taxable profit differs from net profit reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The liability to current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting date.
Tangible Fixed Asset Policy
Plant ,equipment and fixtures & fittings are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impaired losses.Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives using the straight iine method. The useful lives of each category of assets is as follows:Short Leasehold- 10 yearsPlant, fittings & equipment - 5 yearsThe gain or loss on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.The company's policy is to review the remaining useful economic lives and residual values of its tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining estimated useful economic and residual value.

## ELIZABETH SCARLETT LIMITED

### Financial Statements for the period ending 31 July 2025

#### Notes to the Accounts

Intangible Asset Policy
Intangible assets acquired separately are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:Software & development costs- 20%
Stock
Inventories comprise consumable items and goods held for resale and are stated at the lower of cost and net realisable value. Cost is calculated on a first in, first out basis and includes a relevant proportion of overheads. Net realisable value comprises the actual or estimated selling price less all further costs to completion or to be incurred in marketing, selling and distribution.At the end of each reporting period inventories are assessed for impairment. If an item of inventory is impaired, the identified inventory is reduced to its selling price less costs to complete and sell,. If an impairment charge is reversed, up to the original impairment loss, it will be recognised as a credit in the profit and loss account.
Deferred Tax
Deferred tax liabilities are generally recognised for all material timing differences and deferred tax assets are recognised to the extent it is probable that all or part of the asset will be recovered.

## ELIZABETH SCARLETT LIMITED

### Financial Statements for the period ending 31 July 2025

#### Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2025 | 32
2024 | 23
4. Principal Activity
Manufacturer and seller of luxury gifts and accessories

## ELIZABETH SCARLETT LIMITED

### Financial Statements for the period ending 31 July 2025

#### Notes to the Accounts

5. Intangible Assets
|  | Other |  | Total
Cost |  | £ |  | £
At 01/08/2024 |  | 33,257 |  | 33,257
Additions |  | 26,178 |  | 26,178
Disposals |  | - |  | -
Revaluations |  | - |  | -
At 31/07/2025 |  | 59,435 |  | 59,435
Amortisation |  |  |  |
At 01/08/2024 |  | 12,757 |  | 12,757
Charge for the Year |  | 11,887 |  | 11,887
On Disposals |  | - |  | -
Other increases/(decreases) |  | - |  | -
At end of period |  | 24,644 |  | 24,644
Net book value |  |  |  |
At 31/07/2025 |  | 34,791 |  | 34,791
At 31/07/2024 |  | 20,500 |  | 20,500

6. Fixed Assets
| Land and buildings |  | Plant and Machinery |  | Total
Cost or valuation | £ |  | £ |  | £
At 01/08/2024 | 3,545 |  | 84,598 |  | 88,143
Additions | 266,062 |  | 62,936 |  | 328,998
At 31/07/2025 | 269,607 |  | 147,534 |  | 417,141
Depreciation |  |  |  |  |
At 01/08/2024 | 3,545 |  | 29,665 |  | 33,210
Charge for the year | 22,308 |  | 18,727 |  | 41,035
At 31/07/2025 | 25,853 |  | 48,392 |  | 74,245
Net Book Value |  |  |  |  |
At 31/07/2025 | 243,754 |  | 99,142 |  | 342,896
At 31/07/2024 | - |  | 54,933 |  | 54,933