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REGISTERED NUMBER: 05806300 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2023

FOR

WIDE FIT SHOES LIMITED

WIDE FIT SHOES LIMITED (REGISTERED NUMBER: 05806300)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


WIDE FIT SHOES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2023







DIRECTORS: Mrs N Umeria
J Umeria
B Umeria
J Umeria





SECRETARY: Mrs N Umeria





REGISTERED OFFICE: 33 Kenton Park Parade
Kenton Road
Kenton
Harrow
Middlesex
HA3 8DN





REGISTERED NUMBER: 05806300 (England and Wales)





ACCOUNTANTS: M C Patel & Co
Chartered Accountants
Hillingdon House
386/388 Kenton Road
Kenton
Harrow
Middlesex
HA3 9DP

WIDE FIT SHOES LIMITED (REGISTERED NUMBER: 05806300)

ABRIDGED BALANCE SHEET
31ST MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 743,158 668,975

CURRENT ASSETS
Stocks 799,230 323,460
Debtors 410,819 397,063
Cash at bank and in hand 24,199 61,487
1,234,248 782,010
CREDITORS
Amounts falling due within one year 517,840 244,734
NET CURRENT ASSETS 716,408 537,276
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,459,566

1,206,251

CREDITORS
Amounts falling due after more than one
year

449,107

360,902
NET ASSETS 1,010,459 845,349

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 1,010,456 845,346
1,010,459 845,349

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

WIDE FIT SHOES LIMITED (REGISTERED NUMBER: 05806300)

ABRIDGED BALANCE SHEET - continued
31ST MAY 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 6th February 2024 and were signed on its behalf by:




Mrs N Umeria - Director



B Umeria - Director


WIDE FIT SHOES LIMITED (REGISTERED NUMBER: 05806300)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

WIDE FIT SHOES LIMITED (REGISTERED NUMBER: 05806300)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st June 2022 735,306
Additions 91,978
At 31st May 2023 827,284
DEPRECIATION
At 1st June 2022 66,330
Charge for year 17,796
At 31st May 2023 84,126
NET BOOK VALUE
At 31st May 2023 743,158
At 31st May 2022 668,976