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REGISTERED NUMBER: SC425965 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

WORKWEAR & PPE SUPPLIES LIMITED

WORKWEAR & PPE SUPPLIES LIMITED (REGISTERED NUMBER: SC425965)

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


WORKWEAR & PPE SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: P Tallett



SECRETARY: Mrs C Tallett



REGISTERED OFFICE: 7 Laverock Road
Stirling Road Industrial Estate
Airdrie
ML6 7UD



REGISTERED NUMBER: SC425965 (Scotland)



BANKERS: Barclays Bank plc
120 Bothwell Street
Glasgow
G2 7JS

WORKWEAR & PPE SUPPLIES LIMITED (REGISTERED NUMBER: SC425965)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 193,317 141,133

CURRENT ASSETS
Stocks 5 45,123 29,066
Debtors 6 239,083 177,342
Cash at bank and in hand 478,509 401,643
762,715 608,051
CREDITORS
Amounts falling due within one year 7 274,182 200,028
NET CURRENT ASSETS 488,533 408,023
TOTAL ASSETS LESS CURRENT
LIABILITIES

681,850

549,156

PROVISIONS FOR LIABILITIES 33,210 22,342
NET ASSETS 648,640 526,814

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 648,540 526,714
648,640 526,814

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 director acknowledges his 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.

WORKWEAR & PPE SUPPLIES LIMITED (REGISTERED NUMBER: SC425965)

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 director and authorised for issue on 17 August 2023 and were signed by:





P Tallett - Director


WORKWEAR & PPE SUPPLIES LIMITED (REGISTERED NUMBER: SC425965)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Workwear & PPE Supplies Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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

Turnover is measured at the fair value of the consideration received or receivable , net of discounts and value added tax. Turnover includes revenue earned from the rendering of services, namely sale of workwear and P.P.E supplies.

Rendering of Services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tenants Improvements - 20% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Website - over 8 years on cost

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the income statement.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of impairment loss is recognised immediately in the income statement.

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

WORKWEAR & PPE SUPPLIES LIMITED (REGISTERED NUMBER: SC425965)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial instruments are recognised as follows:

(i) Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method less any impairment.

(ii) Cash and cash equivalents
Cash and cash equivalents include cash at bank and in hand

Cash and cash equivalents are shown net of bank overdrafts, which are included as current borrowings in liabilities on the statement of financial position.

(iii) Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 11 (2022 - 10 ) .

WORKWEAR & PPE SUPPLIES LIMITED (REGISTERED NUMBER: SC425965)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Tenants Plant and and
Improvements machinery fittings
£    £    £   
COST
At 1 April 2022 25,094 84,927 18,138
Additions - - -
Disposals - (3,999 ) -
At 31 March 2023 25,094 80,928 18,138
DEPRECIATION
At 1 April 2022 10,475 26,224 9,585
Charge for year 5,019 14,620 3,106
Eliminated on disposal - (3,998 ) -
At 31 March 2023 15,494 36,846 12,691
NET BOOK VALUE
At 31 March 2023 9,600 44,082 5,447
At 31 March 2022 14,619 58,703 8,553

Motor
vehicles Website Totals
£    £    £   
COST
At 1 April 2022 75,997 7,500 211,656
Additions 146,534 - 146,534
Disposals (75,997 ) - (79,996 )
At 31 March 2023 146,534 7,500 278,194
DEPRECIATION
At 1 April 2022 20,958 3,281 70,523
Charge for year 15,627 938 39,310
Eliminated on disposal (20,958 ) - (24,956 )
At 31 March 2023 15,627 4,219 84,877
NET BOOK VALUE
At 31 March 2023 130,907 3,281 193,317
At 31 March 2022 55,039 4,219 141,133

WORKWEAR & PPE SUPPLIES LIMITED (REGISTERED NUMBER: SC425965)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. STOCKS
31.3.23 31.3.22
£    £   
Stocks 45,123 29,066

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 225,117 176,621
Other debtors 9,695 721
Director's loan account 4,271 -
239,083 177,342

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 179,409 92,780
Corporation tax 46,322 35,340
Social security and other taxes 1,804 -
VAT 34,327 30,844
Other creditors - 11,552
Director's loan account - 11,552
Accrued expenses 12,320 17,960
274,182 200,028

8. RELATED PARTY DISCLOSURES

In the year to 31 March 20223 the company gave an interest free loan of £4.271 to the director. In the year to 31 March 2022 the company received an interest free loan from the director of £11,552.