Workwear Warehouse Limited 06261804 false 2022-10-01 2023-09-30 2023-09-30 The principal activity of the company is the supply of workwear. Digita Accounts Production Advanced 6.30.9574.0 true true 06261804 2022-10-01 2023-09-30 06261804 2023-09-30 06261804 core:CurrentFinancialInstruments 2023-09-30 06261804 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 06261804 core:FurnitureFittingsToolsEquipment 2023-09-30 06261804 bus:SmallEntities 2022-10-01 2023-09-30 06261804 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 06261804 bus:FullAccounts 2022-10-01 2023-09-30 06261804 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 06261804 bus:RegisteredOffice 2022-10-01 2023-09-30 06261804 bus:Director3 2022-10-01 2023-09-30 06261804 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 06261804 core:FurnitureFittingsToolsEquipment 2022-10-01 2023-09-30 06261804 core:OfficeEquipment 2022-10-01 2023-09-30 06261804 countries:EnglandWales 2022-10-01 2023-09-30 06261804 2022-09-30 06261804 core:FurnitureFittingsToolsEquipment 2022-09-30 06261804 2021-10-01 2022-09-30 06261804 2022-09-30 06261804 core:CurrentFinancialInstruments 2022-09-30 06261804 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 06261804 core:FurnitureFittingsToolsEquipment 2022-09-30 iso4217:GBP xbrli:pure

Registration number: 06261804

Workwear Warehouse Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2023

 

Workwear Warehouse Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Workwear Warehouse Limited

(Registration number: 06261804)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,318

1,758

Current assets

 

Stocks

5

24,742

23,276

Debtors

6

29,892

40,138

Cash at bank and in hand

 

1,635

2,276

 

56,269

65,690

Creditors: Amounts falling due within one year

7

(55,387)

(65,413)

Net current assets

 

882

277

Net assets

 

2,200

2,035

Capital and reserves

 

Called up share capital

2

2

Retained earnings

2,198

2,033

Shareholders' funds

 

2,200

2,035

 

Workwear Warehouse Limited

(Registration number: 06261804)
Balance Sheet as at 30 September 2023

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 March 2024
 

.........................................
Mrs R Wallis
Director

 

Workwear Warehouse Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 1, Farrington Court
Farrington Road Industrial Estate
Burnley
Lancashire
BB11 5SS

These financial statements were authorised for issue by the director on 9 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared in sterling (£) using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants in relation to tangible fixed assets are credited to the profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to the profit and loss.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Workwear Warehouse Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Workwear Warehouse Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 3).

 

Workwear Warehouse Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 October 2022

2,767

2,767

At 30 September 2023

2,767

2,767

Depreciation

At 1 October 2022

1,009

1,009

Charge for the year

440

440

At 30 September 2023

1,449

1,449

Carrying amount

At 30 September 2023

1,318

1,318

At 30 September 2022

1,758

1,758

5

Stocks

2023
£

2022
£

Other inventories

24,742

23,276

6

Debtors

Current

2023
£

2022
£

Trade debtors

29,414

31,199

Other debtors

478

8,939

 

29,892

40,138

 

Workwear Warehouse Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

35,498

42,906

Taxation and social security

1,251

-

Accruals and deferred income

467

300

Other creditors

18,171

22,207

55,387

65,413