STYLEX PARTY LTD - Filleted accounts

Registered number

07633718

STYLEX PARTY LTD

Filleted Accounts

31 May 2026

STYLEX PARTY LTD
Registered number:		07633718
Balance Sheet
as at 31 May 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		59,066			71,147

Current assets
Stocks		840,634			763,314
Debtors	4	485,860			475,796
Cash at bank and in hand		121,134			102,522
		1,447,628			1,341,632

Creditors: amounts falling due within one year	5	(297,651)			(300,583)

Net current assets			1,149,977			1,041,049

Total assets less current liabilities			1,209,043			1,112,196

Creditors: amounts falling due after more than one year	6		(15,811)			(31,477)



Net assets			1,193,232			1,080,719

Capital and reserves
Called up share capital			100			100
Profit and loss account			1,193,132			1,080,619

Shareholder's funds			1,193,232			1,080,719

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Haroon Uz ZAMAN
Director
Approved by the board on 10 September 2026

STYLEX PARTY LTD
Notes to the Accounts
for the year ended 31 May 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor Vehicles	20% RBM
	Plant and machinery	20% RBM
	Fixtures, fittings, tools and equipment	20% RBM

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	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.

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


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			13		11


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 June 2025	214,974		23,579		238,553
	Additions	2,686		-		2,686
	At 31 May 2026	217,660		23,579		241,239

	Depreciation
	At 1 June 2025	162,690		4,716		167,406
	Charge for the year	10,994		3,773		14,767
	At 31 May 2026	173,684		8,489		182,173

	Net book value
	At 31 May 2026	43,976		15,090		59,066
	At 31 May 2025	52,284		18,863		71,147


4	Debtors			2026		2025
£					£

	Trade debtors			100,967		140,071
	Amounts owed by group undertakings and undertakings in which the company has a participating interest			314,324		284,324
	Other debtors			70,569		51,401
				485,860		475,796


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Director's Loan Account			10,134		11,762
	Bank loans and overdrafts			9,984		4,970
	Trade creditors			119,721		132,966
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			69,150		57,714
	Taxation and social security costs			85,004		93,171
	Other creditors			3,658		-
				297,651		300,583


6	Creditors: amounts falling due after one year			2026		2025
£					£

	Bank loans			13,930		18,367
	Obligations under finance lease and hire purchase contracts			1,881		13,110
				15,811		31,477


7	Other information

	STYLEX PARTY LTD is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 17-19 Broadwalk, Harlow, Harlow
	Essex, England
	CM20 1HX