2022-04-01 07588704 2023-03-31 07588704 2022-04-01 2023-03-31 07588704 2022-03-31 07588704 2021-04-01 2022-03-31 07588704 uk-core:WithinOneYear 2022-03-31 07588704 uk-core:WithinOneYear 2023-03-31 07588704 uk-core:AfterOneYear 2022-03-31 07588704 uk-core:AfterOneYear 2023-03-31 07588704 uk-core:ShareCapital 2023-03-31 07588704 uk-core:ShareCapital 2022-03-31 07588704 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 07588704 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 07588704 uk-bus:Director1 2022-04-01 2023-03-31 07588704 uk-core:WithinOneYear 2023-03-31 07588704 uk-core:WithinOneYear 2022-03-31 07588704 uk-core:AfterOneYear uk-core:Secured 2023-03-31 07588704 uk-core:AfterOneYear uk-core:Secured 2022-03-31 iso4217:GBP xbrli:pure 07588704 uk-bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07588704 uk-bus:FRS102 2022-04-01 2023-03-31 07588704 uk-bus:FullAccounts 2022-04-01 2023-03-31 07588704 uk-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
You Clothing Limited
Registered Number:07588704
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2023
You Clothing Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
07588704
As at 31 March 2023
You Clothing Limited
Statement of Financial Position
£
£
2022
2023
Notes
Current assets
Inventories
8,480
8,624
2
17,890
Cash and cash equivalents
7,970
16,594
26,370
Trade and other payables: amounts falling due within one year
(7,184)
(5,614)
3
19,186
10,980
Net current assets
Total assets less current liabilities
10,980
19,186
Trade and other payables: amounts falling due after more than
one year
(13,000)
(9,000)
4
1,980
Net assets
6,186
Capital and reserves
Called up share capital
1
1
Retained earnings
1,979
6,185
1,980
6,186
Shareholders' funds
For the year ended 31 March 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mrs M Gobbi Director
These financial statements were approved and authorised for issue by the Board on 19 July 2023 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 March 2023
You Clothing Limited
Notes to the Financial Statements
Statutory Information
You Clothing Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 07588704.
Registered address:
73 High Street
Sheerness
Kent
ME12 1TX
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2. Inventories
2022
2023
£
£
Stocks
8,624
8,480
3. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
4,000
4,000
Taxation and social security
577
563
Other creditors
1,037
2,621
5,614
7,184
2 of 3
5
For the year ended 31 March 2023
You Clothing Limited
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
9,000
13,000
5. Average number of persons employed
During the year the average number of employees was 5 (2022 : 4)
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