1 August 2022 false No description of principal activity Taxfiler 2023.9.1 07678682business:PrivateLimitedCompanyLtd2022-08-012023-07-31 076786822022-07-31 076786822022-08-012023-07-31 07678682business:AuditExemptWithAccountantsReport2022-08-012023-07-31 07678682business:FilletedAccounts2022-08-012023-07-31 076786822023-07-31 07678682business:Director12022-08-012023-07-31 07678682business:RegisteredOffice2022-08-012023-07-31 076786822022-07-31 07678682core:WithinOneYear2023-07-31 07678682core:WithinOneYear2022-07-31 07678682core:AfterOneYear2023-07-31 07678682core:AfterOneYear2022-07-31 07678682core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 07678682core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 07678682core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 07678682core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 07678682core:PreviouslyStatedAmount2023-07-31 07678682core:PreviouslyStatedAmount2022-07-31 07678682business:SmallEntities2022-08-012023-07-31 07678682countries:EnglandWales2022-08-012023-07-31 07678682core:PlantMachinery2022-08-012023-07-31 07678682core:MotorVehicles2022-08-012023-07-31 07678682core:FurnitureFittings2022-08-012023-07-31 07678682core:PlantMachinery2022-07-31 07678682core:MotorVehicles2022-07-31 07678682core:FurnitureFittings2022-07-31 07678682core:PlantMachinery2023-07-31 07678682core:MotorVehicles2023-07-31 07678682core:FurnitureFittings2023-07-31 07678682business:OrdinaryShareClass12022-08-012023-07-31 07678682business:OrdinaryShareClass12021-08-012022-07-31 076786822021-08-012022-07-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 07678682 (England and Wales)
My Apparel Limited Unaudited accounts for the year ended 31 July 2023
My Apparel Limited Unaudited accounts Contents
Page
- 2 -
My Apparel Limited Company Information for the year ended 31 July 2023
Director
Mr P Burke
Company Number
07678682 (England and Wales)
Registered Office
Unit D1 Imex Enterprise Park Wigwam Lane Hucknall Nottingham NG15 7SZ
Accountants
Taylor Accountancy Ltd 2 Lynmoor Court Hucknall Nottingham NG15 8FT
- 3 -
My Apparel Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
39,263 
32,648 
Current assets
Inventories
2,270 
2,560 
Debtors
16,891 
10,412 
Cash at bank and in hand
41,052 
78,379 
60,213 
91,351 
Creditors: amounts falling due within one year
(17,692)
(32,187)
Net current assets
42,521 
59,164 
Total assets less current liabilities
81,784 
91,812 
Creditors: amounts falling due after more than one year
- 
(22,794)
Provisions for liabilities
Deferred tax
(1,552)
(2,047)
Net assets
80,232 
66,971 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
80,132 
66,871 
Shareholders' funds
80,232 
66,971 
For the year ending 31 July 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 October 2023 and were signed on its behalf by
Mr P Burke Director Company Registration No. 07678682
- 4 -
My Apparel Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
My Apparel Limited is a private company, limited by shares, registered in England and Wales, registration number 07678682. The registered office is Unit D1 Imex Enterprise Park, Wigwam Lane, Hucknall, Nottingham, NG15 7SZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
- 5 -
My Apparel Limited Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2022
71,519 
- 
16,888 
88,407 
Additions
- 
15,500 
948 
16,448 
At 31 July 2023
71,519 
15,500 
17,836 
104,855 
Depreciation
At 1 August 2022
47,115 
- 
8,644 
55,759 
Charge for the year
3,660 
3,875 
2,298 
9,833 
At 31 July 2023
50,775 
3,875 
10,942 
65,592 
Net book value
At 31 July 2023
20,744 
11,625 
6,894 
39,263 
At 31 July 2022
24,404 
- 
8,244 
32,648 
5
Inventories
2023 
2022 
£ 
£ 
Raw materials
2,270 
2,560 
2,270 
2,560 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
16,891 
10,412 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
8,281 
VAT
7,222 
6,464 
Trade creditors
276 
2,631 
Taxes and social security
7,284 
10,773 
Other creditors
- 
1,668 
Accruals
2,910 
2,370 
17,692 
32,187 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
22,794 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
- 6 -
My Apparel Limited Notes to the Accounts for the year ended 31 July 2023
10
Average number of employees
During the year the average number of employees was 7 (2022: 7).
- 7 -