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REGISTERED NUMBER: 04670384 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

IMPORT TEXTILES LIMITED

IMPORT TEXTILES LIMITED (REGISTERED NUMBER: 04670384)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IMPORT TEXTILES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: J A McTaminey
W Meihong





SECRETARY: D R McTaminey





REGISTERED OFFICE: Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ





REGISTERED NUMBER: 04670384 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

IMPORT TEXTILES LIMITED (REGISTERED NUMBER: 04670384)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,733 1,144

CURRENT ASSETS
Debtors 5 167 139,265
Cash at bank and in hand 2,426 13,886
2,593 153,151
CREDITORS
Amounts falling due within one year 6 22,256 109,332
NET CURRENT (LIABILITIES)/ASSETS (19,663 ) 43,819
TOTAL ASSETS LESS CURRENT
LIABILITIES

(17,930

)

44,963

CREDITORS
Amounts falling due after more than one
year

7

10,691

15,810
NET (LIABILITIES)/ASSETS (28,621 ) 29,153

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (28,721 ) 29,053
SHAREHOLDERS' FUNDS (28,621 ) 29,153

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

IMPORT TEXTILES LIMITED (REGISTERED NUMBER: 04670384)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by:





J A McTaminey - Director


IMPORT TEXTILES LIMITED (REGISTERED NUMBER: 04670384)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Import Textiles 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 9,820
Additions 1,166
At 29 February 2024 10,986
DEPRECIATION
At 1 March 2023 8,676
Charge for year 577
At 29 February 2024 9,253
NET BOOK VALUE
At 29 February 2024 1,733
At 28 February 2023 1,144

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 167 139,265

IMPORT TEXTILES LIMITED (REGISTERED NUMBER: 04670384)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 5,019 5,019
Trade creditors - 346
Taxation and social security - 2,917
Other creditors 17,237 101,050
22,256 109,332

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 10,691 15,810

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100