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Company Registration No. 07315164 (England and Wales)
Kustom Clothing (Hitchin) Limited Unaudited accounts for the year ended 31 July 2023
Kustom Clothing (Hitchin) Limited Unaudited accounts Contents
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Kustom Clothing (Hitchin) Limited Company Information for the year ended 31 July 2023
Directors
Jacqueline Lisa Bond Maria Bond Matthew George Bond Nicholas Andrew Bond
Company Number
07315164 (England and Wales)
Registered Office
51 Knowl Piece Wilbury Way Hitchin Hertfordshire SG4 0TY
Accountants
TOA Ltd 6 Viewpoint Office Village Babbage Road STEVENAGE Herts. SG1 2EQ
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Kustom Clothing (Hitchin) Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
560,373 
258,654 
Current assets
Inventories
40,185 
39,856 
Debtors
214,751 
168,013 
Cash at bank and in hand
75,731 
459,908 
330,667 
667,777 
Creditors: amounts falling due within one year
(312,319)
(295,959)
Net current assets
18,348 
371,818 
Total assets less current liabilities
578,721 
630,472 
Creditors: amounts falling due after more than one year
(248,590)
(178,020)
Net assets
330,131 
452,452 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
330,031 
452,352 
Shareholders' funds
330,131 
452,452 
For the year ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 8 April 2024 and were signed on its behalf by
Nicholas Andrew Bond Director Company Registration No. 07315164
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Kustom Clothing (Hitchin) Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Kustom Clothing (Hitchin) Limited is a private company, limited by shares, registered in England and Wales, registration number 07315164. The registered office is 51 Knowl Piece, Wilbury Way, Hitchin, Hertfordshire, SG4 0TY.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2022
45,000 
376,628 
3,583 
425,211 
Additions
265,000 
36,719 
- 
301,719 
At 31 July 2023
310,000 
413,347 
3,583 
726,930 
Depreciation
At 1 August 2022
39,338 
127,219 
- 
166,557 
At 31 July 2023
39,338 
127,219 
- 
166,557 
Net book value
At 31 July 2023
270,662 
286,128 
3,583 
560,373 
At 31 July 2022
5,662 
249,409 
3,583 
258,654 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
214,751 
168,013 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
312,319 
295,959 
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Kustom Clothing (Hitchin) Limited Notes to the Accounts for the year ended 31 July 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
30,800 
69,400 
Obligations under finance leases and hire purchase contracts
35,934 
13,300 
Other creditors
181,856 
95,320 
248,590 
178,020 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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