Bird's Bridal Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 11622413 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2022

for

Bird's Bridal Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs L A Bird

SECRETARY:

REGISTERED OFFICE:

Unit 6, Cherrytree Farm

Blackmore End Road

Sible Hedingham

Essex

CO9 3LZ

REGISTERED NUMBER:

11622413 (England and Wales)

ACCOUNTANTS:

Simpson Accountancy

Unit 6 Cherrytree Farm

Blackmore End Road

Sible Hedingham

Essex

C09 3LZ

FIXED ASSETS

Intangible assets

4

10,659

12,435

Tangible assets

5

-

-

10,659

12,435

CURRENT ASSETS

Stocks

35,871

34,380

Debtors

6

5,748

8,867

Cash at bank

4,974

17,367

46,593

60,614

CREDITORS

Amounts falling due within one year

7

29,859

50,639

NET CURRENT ASSETS

16,734

9,975

TOTAL ASSETS LESS CURRENT LIABILITIES

27,393

22,410

CREDITORS

Amounts falling due after more than one year

8

24,128

20,661

NET ASSETS

3,265

1,749

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

9

3,264

1,748

3,265

1,749

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 February 2023 and were signed by:

Mrs L A Bird - Director

1.	STATUTORY INFORMATION

Bird's Bridal Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2021

and 31 October 2022

17,764

AMORTISATION

At 1 November 2021

5,329

Charge for year

1,776

At 31 October 2022

7,105

NET BOOK VALUE

At 31 October 2022

10,659

At 31 October 2021

12,435

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2021

and 31 October 2022

2,746

DEPRECIATION

At 1 November 2021

and 31 October 2022

2,746

NET BOOK VALUE

At 31 October 2022

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

5,748

8,867

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

3,535

10,537

Trade creditors

126

3,237

Taxation and social security

13,105

11,322

Other creditors

13,093

25,543

29,859

50,639

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

24,128

20,661

9.

RESERVES

Retained

earnings

£

At 1 November 2021

1,748

Profit for the year

5,516

Dividends

(4,000

)

At 31 October 2022

3,264

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £4,000 (2021 - £2,000) were paid to the director .

During the year the company was charged rent of £4,750 (2021: £3,000 by the director.