Stylewise (UK) Limited Filleted accounts for Companies House (small and micro)
Stylewise (UK) Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
02376527
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FOR THE PERIOD FROM 27 APRIL 2022 TO |
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STATEMENT OF FINANCIAL POSITION |
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25 Apr 23 |
26 Apr 22 |
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Note |
£ |
£ |
£ |
FIXED ASSETS
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Tangible assets |
6 |
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CURRENT ASSETS
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Stocks |
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Debtors |
7 |
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Cash at bank and in hand |
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CREDITORS: amounts falling due within one year |
8 |
(
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(
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: amounts falling due after more than one year |
9 |
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(
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PROVISIONS
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Taxation including deferred tax |
(
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(
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NET ASSETS |
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CAPITAL AND RESERVES
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Called up share capital |
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Capital redemption reserve |
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Profit and loss account |
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SHAREHOLDER FUNDS |
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Director's responsibilities:
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The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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STATEMENT OF FINANCIAL POSITION (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
24 April 2024
, and are signed on behalf of the board by:
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Director |
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Company registration number:
02376527
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NOTES TO THE FINANCIAL STATEMENTS |
PERIOD FROM 27 APRIL 2022 TO 25 APRIL 2023
1.
GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Ashbury Works, Gorton Road, Pottery Lane, Manchester, M12 5AD.
2.
STATEMENT OF COMPLIANCE
3.
ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Foreign currencies
Transactions denominated in a foreign currency are translated into sterling and recorded at the rate of exchange ruling at the date of the transaction.
Balances at the year end denominated in a foreign currency are translated into sterling at the rate of exchange ruling at the balance sheet date.
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.
Revenue recognition
Income tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date
Tangible assets
Depreciation
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:
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Leasehold Property |
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Over the term of the lease
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Fixtures & Fittings |
- |
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Motor Vehicles |
- |
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Computer Equipment |
- |
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Stocks
Government grants
Financial instruments
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.
Defined contribution plans
4.
EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to
22
(2022:
22
).
5.
TAX ON (LOSS)/PROFIT
Major components of tax expense
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Period from |
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27 Apr 22 to |
Year to |
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25 Apr 23 |
26 Apr 22 |
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£ |
£ |
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Current tax:
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UK current tax (income)/expense |
(
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Adjustments in respect of prior periods |
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– |
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Total current tax |
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Deferred tax:
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Origination and reversal of timing differences |
– |
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Tax on (loss)/profit |
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6.
TANGIBLE ASSETS
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Leasehold Improve- ments |
Fixtures and fittings |
Motor vehicles |
Computers |
Total |
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£ |
£ |
£ |
£ |
£ |
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Cost |
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At 27 April 2022 |
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Additions |
– |
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Disposals |
– |
– |
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– |
(
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At 25 April 2023 |
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– |
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Depreciation |
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At 27 April 2022 |
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Charge for the period |
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– |
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Disposals |
– |
– |
(
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– |
(
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At 25 April 2023 |
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– |
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Carrying amount |
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At 25 April 2023 |
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– |
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At 26 April 2022 |
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– |
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7.
DEBTORS
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25 Apr 23 |
26 Apr 22 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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8.
CREDITORS:
amounts falling due within one year
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25 Apr 23 |
26 Apr 22 |
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£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Invoice discounting |
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Other creditors |
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9.
CREDITORS:
amounts falling due after more than one year
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25 Apr 23 |
26 Apr 22 |
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£ |
£ |
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Bank loans and overdrafts |
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