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REGISTERED NUMBER: 10577018 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 FEBRUARY 2021 TO 31 JULY 2022

FOR

TIGER SEWING SOLUTIONS LTD

PREVIOUSLY KNOWN AS
TIGER TAILORING LIMITED

TIGER SEWING SOLUTIONS LTD (REGISTERED NUMBER: 10577018)
PREVIOUSLY KNOWN AS TIGER TAILORING LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2021 TO 31 JULY 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TIGER SEWING SOLUTIONS LTD
PREVIOUSLY KNOWN AS TIGER TAILORING LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 FEBRUARY 2021 TO 31 JULY 2022







DIRECTOR: Mr D Evans





REGISTERED OFFICE: Fleming Court
Leigh Road
Eastleigh
Southampton
Hampshire
SO50 9PD





BUSINESS ADDRESS: Unit 10
Woodside Road
Boyatt Wood Industrial Estate
Eastleigh
Hampshire
SO50 4ET





REGISTERED NUMBER: 10577018 (England and Wales)






TIGER SEWING SOLUTIONS LTD (REGISTERED NUMBER: 10577018)
PREVIOUSLY KNOWN AS TIGER TAILORING LIMITED

BALANCE SHEET
31 JULY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 18,145 22,415

CURRENT ASSETS
Stocks 8,125 20,129
Debtors 6 97,067 135,508
Cash at bank 3,296 6,337
108,488 161,974
CREDITORS
Amounts falling due within one year 7 192,743 142,779
NET CURRENT (LIABILITIES)/ASSETS (84,255 ) 19,195
TOTAL ASSETS LESS CURRENT
LIABILITIES

(66,110

)

41,610

CREDITORS
Amounts falling due after more than one
year

8

30,019

28,898
NET (LIABILITIES)/ASSETS (96,129 ) 12,712

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (96,229 ) 12,612
SHAREHOLDERS' FUNDS (96,129 ) 12,712

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2022 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 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 4 October 2023 and were signed by:





Mr D Evans - Director


TIGER SEWING SOLUTIONS LTD (REGISTERED NUMBER: 10577018)
PREVIOUSLY KNOWN AS TIGER TAILORING LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2021 TO 31 JULY 2022


1. STATUTORY INFORMATION

Tiger Sewing Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The company relies upon the support of their fellow associated companies through the use of intercompany loans and other credit facilities. The amounts owing are repayable by demand. The fellow associated companies will not demand repayment if it would be financially detrimental to the company.

Due to this ongoing support the director believes that it is appropriate to prepare the financial statements on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future and the financial statements do not incorporate any adjustments that might be required should the going concern basis prove to be inappropriate.

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

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

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 - 25% on reducing balance
Computer equipment - 20% straight line

All fixed assets are initially recorded at cost.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


TIGER SEWING SOLUTIONS LTD (REGISTERED NUMBER: 10577018)
PREVIOUSLY KNOWN AS TIGER TAILORING LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2021 TO 31 JULY 2022


3. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 13 (2021 - 15 ) .

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 February 2021 40,208 859 41,067
Additions 4,500 - 4,500
At 31 July 2022 44,708 859 45,567
DEPRECIATION
At 1 February 2021 18,118 534 18,652
Charge for period 8,513 257 8,770
At 31 July 2022 26,631 791 27,422
NET BOOK VALUE
At 31 July 2022 18,077 68 18,145
At 31 January 2021 22,090 325 22,415

TIGER SEWING SOLUTIONS LTD (REGISTERED NUMBER: 10577018)
PREVIOUSLY KNOWN AS TIGER TAILORING LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2021 TO 31 JULY 2022


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 9,591 28,471
Amounts owed by group undertakings - 26,523
Other debtors 87,476 80,514
97,067 135,508

Included in other debtors is £9,959 (2021: £9,959) in relation to prepayments and accrued income.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 3,859 2,312
Trade creditors 13,594 16,216
Amounts owed to group undertakings - 96,226
Taxation and social security 24,207 6,847
Other creditors 151,083 21,178
192,743 142,779

Included in other creditors is £89,300 (2021: £1,820) in relation to accruals and deferred income.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 27,744 28,898
Other creditors 2,275 -
30,019 28,898

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
repayable by instalments 13,872 15,026
13,872 15,026

The bank loans are guaranteed by the Government (being part of the Bounce Back Loan Scheme (BBLS) in response to the coronavirus outbreak).

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group companies where any subsidiary that is a party to the transaction is wholly owned within the group or where transactions have been undertaken under normal market conditions.