Accounts

THE BRIDAL SUITE LIMITED - Company Information

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Company Registration Number : 10761171 (England and Wales)

THE BRIDAL SUITE LIMITED

Unaudited filleted financial statements

For the year ended 31 March 2023

THE BRIDAL SUITE LIMITED

Contents

For the year ended 31 March 2023

CONTENTS	PAGE
Company Information	3
Statement of Financial Position	4
Notes to the Financial Statements	5 - 6

THE BRIDAL SUITE LIMITED

Company Information

For the year ended 31 March 2023

Company registration number

10761171 (England and Wales)

Directors

Abid KHAN

Asghar KHAN

Registered office address

14 Shearbridge Road

Bradford

BD7 1NP

Accountant

SAF Chartered Certified Accountants

Unit 53, Campus Road

Bradford

West Yorkshire

BD7 1HR

THE BRIDAL SUITE LIMITED

Statement of Financial Position

For the year ended 31 March 2023

		2023	2022
	Notes	£	£
Fixed assets
Intangible assets		5,994	5,994
Property, plant and equipment		29,277	34,029
	6	35,271	40,023

Current assets
Inventories		19,907	10,540
Debtors		194,424	133,112
Cash and cash equivalents		14,872	15,038
		229,203	158,690

Current liabilities
Creditors: Amounts falling due within one year		(261,050)	(113,433)
Corporation tax payable		(13,426)	(13,426)
		(274,476)	(126,859)

Net current (liabilities)/assets		(45,273)	31,831
Total assets less current liabilities		(10,002)	71,854
Net (liabilities)/assets		(10,002)	71,854

Capital and reserves
Called up share capital		100	100
Retained earnings		(10,102)	71,754
Shareholder's funds		(10,002)	71,854


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A. The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
For the year ended 31 March 2023 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 responsibility 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. The profit and loss account has not been delivered to the Registrar of Companies.

Approved by the Board on 30 December 2023

.............................
Abid KHAN (Director)
Company registration number: 10761171

/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */


Balance sheet at 2023-03-31 31 March 2023

	2023	2022
	£	£


Fixed Assets	35,271	40,023


Current Assets	229,203	158,690
Cash in Hand/Bank	7,441	15,038

Creditors: amounts falling due within one year	(274,476)	(126,859)

Net current assets (liabilities)	(45,273)	31,831

Total assets less current liabilities	(10,002)	71,854

Net Assets (liabilities)	(10,002)	71,854



Capital and Reserves	(10,002)	71,854
Called up share capital	100	100
Profit and loss account	(10,102)	71,754
SHAREHOLDER'S FUND	(10,002)	71,854

For the year ending 31-03-2023 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 for the year in accordance with section 476.
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 small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the board of directors on 30 December 2023 and signed on behalf of the board,



.............................

Abid KHAN
Director

Company registration number: 10761171

THE BRIDAL SUITE LIMITED

Notes to the Financial Statements

For the year ended 31 March 2023

(1) General Information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 14 Shearbridge Road, Bradford, BD7 1NP.

(2) Statement of compliance

These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies

Basis of Preparation

The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.

Sale of goods

Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.

Rendering of Services

Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.

Intangible fixed assets

Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.

Property, plant and equipment

Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

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-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery	15% reducing balance
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings
Equipment
Motor Cars

Inventories

Inventories are measured at the lower of cost and net realisable value. Costs of inventories are determined on a first-in-first-out basis. Net realisable value represents the estimated selling price for inventories less all estimated costs necessary to make the sale.

Employee benefits

Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

(4) Critical accounting judgements and key sources of estimation uncertainty

No judgement

No significant judgements or estimates have been made in preparation of these financial statements.

(5) Employees

During the year, the average number of employees including director was 15 (2022 : 15).

(6) Fixed assets

	Intangible £	Tangible £	Totals £
Cost
As at 01 April 2022	5,994	63,080	69,074
Additions	-	414	414
As at 31 March 2023	5,994	63,494	69,488
Depreciation/Amortisation
As at 01 April 2022	-	29,051	29,051
For the year	-	5,166	5,166
As at 31 March 2023	-	34,217	34,217
Net book value
As at 31 March 2023	5,994	29,277	35,271
As at 31 March 2022	5,994	34,029	40,023