| IN STYLE BOUTIQUE LIMITED |
| Registered number: |
07231368 |
| Balance Sheet |
| as at 31 December 2017 |
|
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Current assets |
| Stocks |
|
|
5,607 |
|
|
5,607 |
| Cash at bank and in hand |
|
|
2,071 |
|
|
3,229 |
|
|
|
7,678 |
|
|
8,836 |
|
| Creditors: amounts falling due within one year |
2 |
|
(10,681) |
|
|
(10,441) |
|
| Net current liabilities |
|
|
|
(3,003) |
|
|
(1,605) |
|
| Net liabilities |
|
|
|
(3,003) |
|
|
(1,605) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(3,103) |
|
|
(1,705) |
|
| Shareholder's funds |
|
|
|
(3,003) |
|
|
(1,605) |
|
|
|
|
|
|
|
|
| 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 her 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. |
|
|
|
|
| Urvashi Agarwal |
| Director |
| Approved by the board on 26 September 2018 |
|
| IN STYLE BOUTIQUE LIMITED |
| Notes to the Accounts |
| for the year ended 31 December 2017 |
|
|
| 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. Turnover includes revenue earned from the sale of goods and from the rendering of services. |
|
|
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. |
|
|
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. |
|
|
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. |
|
|
| 2 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Other creditors |
10,681 |
|
10,441 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Other information |
|
|
IN STYLE BOUTIQUE LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
Unit 4 |
|
861 Coronation Road |
|
Park Royal |
|
NW10 7PT |
