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REGISTERED NUMBER: 06661817 (England and Wales)









Unaudited Financial Statements

for the Period 1 March 2017 to 31 March 2018

for

Shirt Shack Limited

Shirt Shack Limited (Registered number: 06661817)






Contents of the Financial Statements
for the Period 1 March 2017 to 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Shirt Shack Limited

Company Information
for the Period 1 March 2017 to 31 March 2018







DIRECTOR: M W Freeman





REGISTERED OFFICE: 14a Albany Road
Weymouth
Dorset
DT4 9TH





REGISTERED NUMBER: 06661817 (England and Wales)





ACCOUNTANTS: Advoco
Chartered Certified Accountants
Chartered Tax Advisers
14a Albany Road
Weymouth
Dorset
DT4 9TH

Shirt Shack Limited (Registered number: 06661817)

Balance Sheet
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 61,259 110,050

CURRENT ASSETS
Debtors 5 24,145 6,189
Cash at bank 112,939 7,760
137,084 13,949
CREDITORS
Amounts falling due within one year 6 169,147 103,722
NET CURRENT LIABILITIES (32,063 ) (89,773 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,196

20,277

CREDITORS
Amounts falling due after more than one
year

7

-

2,867
NET ASSETS 29,196 17,410

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 29,096 17,310
SHAREHOLDERS' FUNDS 29,196 17,410

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 13 November 2018 and were signed by:





M W Freeman - Director


Shirt Shack Limited (Registered number: 06661817)

Notes to the Financial Statements
for the Period 1 March 2017 to 31 March 2018

1. STATUTORY INFORMATION

Shirt Shack Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 20% on cost

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2017 - NIL ) .

Shirt Shack Limited (Registered number: 06661817)

Notes to the Financial Statements - continued
for the Period 1 March 2017 to 31 March 2018

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2017 63,500 183,813 74,230 321,543
Additions - - 971 971
Disposals (63,500 ) - - (63,500 )
At 31 March 2018 - 183,813 75,201 259,014
DEPRECIATION
At 1 March 2017 27,247 112,970 71,276 211,493
Charge for period - 11,393 2,116 13,509
Eliminated on disposal (27,247 ) - - (27,247 )
At 31 March 2018 - 124,363 73,392 197,755
NET BOOK VALUE
At 31 March 2018 - 59,450 1,809 61,259
At 28 February 2017 36,253 70,843 2,954 110,050

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Nexgen contra account 13,955 -
Other debtors 10,190 6,000
VAT - 189
24,145 6,189

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Hire purchase contracts 2,508 4,300
Trade creditors 79,109 1,920
Tax 11,268 6,826
VAT 2,719 -
Directors' current accounts 72,123 89,306
Accrued expenses 1,420 1,370
169,147 103,722

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Hire purchase contracts - 2,867

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
100 Ordinary £100 100 100

Shirt Shack Limited (Registered number: 06661817)

Notes to the Financial Statements - continued
for the Period 1 March 2017 to 31 March 2018

9. RESERVES
Retained
earnings
£   

At 1 March 2017 17,310
Profit for the period 11,786
At 31 March 2018 29,096