IRIS Accounts Production v23.2.0.158 10346795 director 1.2.22 31.1.23 31.1.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh103467952022-01-31103467952023-01-31103467952022-02-012023-01-31103467952021-01-31103467952021-02-012022-01-31103467952022-01-3110346795ns10:Originalns15:EnglandWales2022-02-012023-01-3110346795ns14:PoundSterlingns10:Original2022-02-012023-01-3110346795ns10:Originalns10:Director12022-02-012023-01-3110346795ns10:Original2022-02-012023-01-3110346795ns10:Original2023-01-3110346795ns10:Originalns10:PrivateLimitedCompanyLtd2022-02-012023-01-3110346795ns10:Originalns10:SmallEntities2022-02-012023-01-3110346795ns10:Originalns10:AuditExemptWithAccountantsReport2022-02-012023-01-3110346795ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3110346795ns10:SmallCompaniesRegimeForAccountsns10:Original2022-02-012023-01-3110346795ns10:Originalns10:FullAccounts2022-02-012023-01-3110346795ns10:Originalns10:RegisteredOffice2022-02-012023-01-3110346795ns10:Original2021-02-012022-01-3110346795ns10:Original2022-01-3110346795ns10:Originalns5:CurrentFinancialInstruments2023-01-3110346795ns10:Originalns5:CurrentFinancialInstruments2022-01-3110346795ns10:Originalns5:Non-currentFinancialInstruments2023-01-3110346795ns10:Originalns5:Non-currentFinancialInstruments2022-01-3110346795ns5:ShareCapitalns10:Original2023-01-3110346795ns5:ShareCapitalns10:Original2022-01-3110346795ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-01-3110346795ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-01-3110346795ns5:ShareCapitalns10:Original2021-01-3110346795ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-01-3110346795ns10:Original2021-01-3110346795ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-02-012022-01-3110346795ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-012023-01-3110346795ns10:Originalns5:PlantMachinery2022-02-012023-01-3110346795ns5:OwnedAssetsns10:Original2022-02-012023-01-3110346795ns5:OwnedAssetsns10:Original2021-02-012022-01-3110346795ns10:Originalns5:PlantMachinery2022-01-3110346795ns10:Originalns5:PlantMachinery2023-01-3110346795ns10:Originalns5:PlantMachinery2022-01-3110346795ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3110346795ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-01-3110346795ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-01-3110346795ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-01-31
REGISTERED NUMBER: 10346795 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 January 2023

for

Totally Tailored Ltd

Totally Tailored Ltd (Registered number: 10346795)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Statement of Changes in Equity 5

Notes to the Financial Statements 6


Totally Tailored Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTOR: Ms C Harrison





REGISTERED OFFICE: 91 Thorburn Square
London
SE1 5QF





REGISTERED NUMBER: 10346795 (England and Wales)





ACCOUNTANTS: Goddard Accounting and Tax Solutions
Duncargen
St Margaret’s Drive
Dunblane
Stirlingshire
FK15 0DP

Totally Tailored Ltd (Registered number: 10346795)

Report of the Director
for the Year Ended 31 January 2023

The director presents her report with the financial statements of the company for the year ended 31 January 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of tailored private tours.

DIRECTOR
Ms C Harrison held office during the whole of the period from 1 February 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Ms C Harrison - Director


10 October 2023

Totally Tailored Ltd (Registered number: 10346795)

Income Statement
for the Year Ended 31 January 2023

31.1.23 31.1.22
Notes £    £   

TURNOVER 218,499 53,917

Cost of sales 161,496 35,655
GROSS PROFIT 57,003 18,262

Administrative expenses 36,529 32,232
20,474 (13,970 )

Other operating income - 16,091
OPERATING PROFIT 4 20,474 2,121


Interest payable and similar expenses 1,004 184
PROFIT BEFORE TAXATION 19,470 1,937

Tax on profit 2,001 -
PROFIT FOR THE FINANCIAL YEAR 17,469 1,937

Totally Tailored Ltd (Registered number: 10346795)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 262 393

CURRENT ASSETS
Debtors 6 6,346 336
Cash at bank 25,787 47,465
32,133 47,801
CREDITORS
Amounts falling due within one year 7 28,091 21,481
NET CURRENT ASSETS 4,042 26,320
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,304

26,713

CREDITORS
Amounts falling due after more than one
year

8

-

36,878
NET ASSETS/(LIABILITIES) 4,304 (10,165 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,204 (10,265 )
4,304 (10,165 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 10 October 2023 and were signed by:




Ms C Harrison - Director


Totally Tailored Ltd (Registered number: 10346795)

Statement of Changes in Equity
for the Year Ended 31 January 2023

Called up
share Retained Total
capital earnings equity
£    £    £   

Balance at 1 February 2021 100 (12,202 ) (12,102 )

Changes in equity
Total comprehensive income - 1,937 1,937
Balance at 31 January 2022 100 (10,265 ) (10,165 )

Changes in equity
Dividends - (3,000 ) (3,000 )
Total comprehensive income - 17,469 17,469
Balance at 31 January 2023 100 4,204 4,304

Totally Tailored Ltd (Registered number: 10346795)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Totally Tailored 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 and represents amounts receivable for the sale of tailored private tours and other services supplied to customers in the course of business.

Turnover is recognised over the duration of the private tour.

Cash amounts received from customers for whom revenue has not yet been recognised are recorded in the Balance Sheet as deferred income within current liabilities.

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 - 25% on cost

Taxation
Taxation for the year comprises current 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 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.

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 1 (2022 - 1 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31.1.23 31.1.22
£    £   
Depreciation - owned assets 131 255

Totally Tailored Ltd (Registered number: 10346795)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022
and 31 January 2023 1,474
DEPRECIATION
At 1 February 2022 1,081
Charge for year 131
At 31 January 2023 1,212
NET BOOK VALUE
At 31 January 2023 262
At 31 January 2022 393

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 6,346 336

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 1,021 10,644
Tax 2,001 -
Social security and other taxes (514 ) -
VAT 4,688 675
Other creditors - 111
Directors' current accounts 309 746
Accruals and deferred income 19,586 8,305
Accrued expenses 1,000 1,000
28,091 21,481

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans - 1-2 years - 36,878