Company Registration No. 07324435 (England and Wales)
MINISTRY OF DENIM LIMITED
Unaudited accounts
for the year ended 31 July 2023
MINISTRY OF DENIM LIMITED
Unaudited accounts
Contents
MINISTRY OF DENIM LIMITED
Company Information
for the year ended 31 July 2023
Company Number
07324435 (England and Wales)
Registered Office
86 VICTORIA ROAD
LONDON
N22 7XF
Accountants
KG Accountants
Delta House
175-177 Borough High Street
London Bridge
London
SE1 1HR
MINISTRY OF DENIM LIMITED
Statement of financial position
as at 31 July 2023
Cash at bank and in hand
751
381
Creditors: amounts falling due within one year
(24,211)
(10,842)
Net current liabilities
(23,427)
(10,571)
Total assets less current liabilities
(23,176)
(10,237)
Creditors: amounts falling due after more than one year
(4,625)
(6,000)
Net liabilities
(27,801)
(16,237)
Called up share capital
1
1
Profit and loss account
(27,802)
(16,238)
Shareholders' funds
(27,801)
(16,237)
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 23 October 2023 and were signed on its behalf by
Mr Tim Browne
Director
Company Registration No. 07324435
MINISTRY OF DENIM LIMITED
Notes to the Accounts
for the year ended 31 July 2023
MINISTRY OF DENIM LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07324435. The registered office is 86 VICTORIA ROAD, LONDON, N22 7XF.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Motor vehicles
Reducing Balancing Charge 25%
Computer equipment
Reducing Balancing Charge 25%
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2022
7,500
2,282
9,782
At 31 July 2023
7,500
2,282
9,782
At 1 August 2022
7,500
1,948
9,448
Charge for the year
-
83
83
At 31 July 2023
7,500
2,031
9,531
Amounts falling due within one year
MINISTRY OF DENIM LIMITED
Notes to the Accounts
for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
16,597
8,269
Other creditors
2,288
1,676
Loans from directors
5,015
721
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).