VELOCITY WORKWEAR LTD

Company Registration Number:
08399497 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2023

Period of accounts

Start date: 01 September 2022

End date: 31 August 2023

VELOCITY WORKWEAR LTD

Contents of the Financial Statements

for the Period Ended 31 August 2023

Balance sheet
Notes

VELOCITY WORKWEAR LTD

Balance sheet

As at 31 August 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 61,870 47,118
Total fixed assets: 61,870 47,118
Current assets
Stocks: 610,513 461,310
Debtors:   231,283 104,916
Cash at bank and in hand: 277,517 167,271
Total current assets: 1,119,313 733,497
Creditors: amounts falling due within one year:   (279,352) (76,276)
Net current assets (liabilities): 839,961 657,221
Total assets less current liabilities: 901,831 704,339
Creditors: amounts falling due after more than one year:     (54,626)
Provision for liabilities:   (31,423)
Total net assets (liabilities): 901,831 618,290
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 901,821 618,280
Shareholders funds: 901,831 618,290

The notes form part of these financial statements

VELOCITY WORKWEAR LTD

Balance sheet statements

For the year ending 31 August 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 16 October 2023
and signed on behalf of the board by:

Name: T Porter
Status: Director

The notes form part of these financial statements

VELOCITY WORKWEAR LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

VELOCITY WORKWEAR LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

2. Employees

2023 2022
Average number of employees during the period 5 4

VELOCITY WORKWEAR LTD

Notes to the Financial Statements

for the Period Ended 31 August 2023

3. Tangible Assets

Total
Cost £
At 01 September 2022 47,118
Additions 23,150
At 31 August 2023 70,268
Depreciation
At 01 September 2022 0
Charge for year 8,398
At 31 August 2023 8,398
Net book value
At 31 August 2023 61,870
At 31 August 2022 47,118