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REGISTERED NUMBER: 08012885 (England and Wales)












Financial Statements

for the Year Ended 31 March 2023

for

Attire Menswear Limited

Attire Menswear Limited (Registered number: 08012885)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Attire Menswear Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: M Hughes
Mrs S Hughes





REGISTERED OFFICE: Archwood House
46-48 Long Street
Middleton
Manchester
M24 6UQ





REGISTERED NUMBER: 08012885 (England and Wales)





ACCOUNTANTS: Archwood Accountants
Archwood House
46-48 Long Street
Middleton
Manchester
M24 6UQ

Attire Menswear Limited (Registered number: 08012885)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,026
Property, plant and equipment 5 35,798 984
35,798 2,010

CURRENT ASSETS
Inventories 8,512 10,017
Debtors 6 4,624 -
Cash at bank and in hand 39,307 48,993
52,443 59,010
CREDITORS
Amounts falling due within one year 7 11,515 19,954
NET CURRENT ASSETS 40,928 39,056
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,726

41,066

CREDITORS
Amounts falling due after more than one year 8 (32,675 ) -

PROVISIONS FOR LIABILITIES (5,139 ) -
NET ASSETS 38,912 41,066

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 38,812 40,966
SHAREHOLDERS' FUNDS 38,912 41,066

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

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 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.

Attire Menswear Limited (Registered number: 08012885)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by:





M Hughes - Director


Attire Menswear Limited (Registered number: 08012885)

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

1. STATUTORY INFORMATION

Attire Menswear Limited 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred 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 or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Attire Menswear Limited (Registered number: 08012885)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 3 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 April 2022
and 31 March 2023 5,130
AMORTISATION
At 1 April 2022 4,104
Amortisation for year 1,026
At 31 March 2023 5,130
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 1,026

Attire Menswear Limited (Registered number: 08012885)

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

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2022 2,000 1,200 6,287 9,487
Additions 2,350 - 44,000 46,350
At 31 March 2023 4,350 1,200 50,287 55,837
DEPRECIATION
At 1 April 2022 1,606 964 5,933 8,503
Charge for year 412 36 11,088 11,536
At 31 March 2023 2,018 1,000 17,021 20,039
NET BOOK VALUE
At 31 March 2023 2,332 200 33,266 35,798
At 31 March 2022 394 236 354 984

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 44,000
At 31 March 2023 44,000
DEPRECIATION
Charge for year 11,000
At 31 March 2023 11,000
NET BOOK VALUE
At 31 March 2023 33,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 154 -
Tax 4,470 -
4,624 -

Attire Menswear Limited (Registered number: 08012885)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 4,278 -
Trade creditors 3,622 4,392
Tax - 4,470
Social security and other taxes - 688
Pension creditor - 183
VAT 2,311 5,836
Directors' current accounts 4 3,085
Accrued expenses 1,300 1,300
11,515 19,954

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 32,675 -

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Hire purchase contracts 36,953 -