Company Registration No. 11649482 (England and Wales)
Tailor Services Ltd
Unaudited accounts
for the year ended 31 October 2023
Tailor Services Ltd
Unaudited accounts
Contents
Tailor Services Ltd
Company Information
for the year ended 31 October 2023
Company Number
11649482 (England and Wales)
Tailor Services Ltd
Statement of financial position
as at 31 October 2023
Intangible assets
280,000
80,000
Tangible assets
37,362
45,511
Cash at bank and in hand
15,475
4,071
Creditors: amounts falling due within one year
(272,527)
(94,204)
Net current liabilities
(257,052)
(90,133)
Called up share capital
100
100
Profit and loss account
60,210
35,278
Shareholders' funds
60,310
35,378
For the year ending 31 October 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 21 November 2023 and were signed on its behalf by
Aamir Tailor
Director
Company Registration No. 11649482
Tailor Services Ltd
Notes to the Accounts
for the year ended 31 October 2023
Tailor Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 11649482.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 31 October 2023
280,000
At 31 October 2023
280,000
Tailor Services Ltd
Notes to the Accounts
for the year ended 31 October 2023
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 November 2022
45,190
16,087
61,277
At 31 October 2023
45,190
17,278
62,468
At 1 November 2022
9,038
6,728
15,766
Charge for the year
7,230
2,110
9,340
At 31 October 2023
16,268
8,838
25,106
At 31 October 2023
28,922
8,440
37,362
At 31 October 2022
36,152
9,359
45,511
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
29,460
35,456
Taxes and social security
6,660
-
Loans from directors
235,987
58,328
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).