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REGISTERED NUMBER: 04983960 (England and Wales)













SUPPLEFEET LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






SUPPLEFEET LIMITED (REGISTERED NUMBER: 04983960)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


SUPPLEFEET LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: E L Supple
I Bishop-Laggett





SECRETARY: I Bishop-Laggett





REGISTERED OFFICE: 255 Green Lanes
Palmers Green
London
N13 4XE





REGISTERED NUMBER: 04983960 (England and Wales)





ACCOUNTANTS: John Crook & Partners
Chartered Accountants
255 Green Lanes
Palmers Green
London
N13 4XE

SUPPLEFEET LIMITED (REGISTERED NUMBER: 04983960)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 488,516 334,052

CURRENT ASSETS
Stocks 5 29,771 41,673
Debtors 6 11,961 4,357
Cash at bank and in hand 6,193 16,878
47,925 62,908
CREDITORS
Amounts falling due within one year 7 188,427 128,219
NET CURRENT LIABILITIES (140,502 ) (65,311 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

348,014

268,741

CREDITORS
Amounts falling due after more than one
year

8

(370,433

)

(267,137

)

PROVISIONS FOR LIABILITIES (15,617 ) (1,499 )
NET (LIABILITIES)/ASSETS (38,036 ) 105

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (38,136 ) 5
SHAREHOLDERS' FUNDS (38,036 ) 105

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

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

SUPPLEFEET LIMITED (REGISTERED NUMBER: 04983960)

BALANCE SHEET - continued
31 MARCH 2023


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 21 December 2023 and were signed on its behalf by:




I Bishop-Laggett - Director



E L Supple - Director


SUPPLEFEET LIMITED (REGISTERED NUMBER: 04983960)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Supplefeet 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.

The financial statements have been prepared on a going concern basis. This may not be appropriate, as there is a deficiency of assets as at 31st March 2013. The company's ability to trade is dependent upon the continuing support of the directors and a loan creditor, which at present is forthcoming. Therefore the going concern basis is considered appropriate.

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.
Freehold property - 2% on cost
Short leasehold - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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 Statement of Income and Retained Earnings, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

SUPPLEFEET LIMITED (REGISTERED NUMBER: 04983960)

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

2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery
£    £    £   
COST
At 1 April 2022 329,446 3,997 -
Additions 92,186 - 66,432
Disposals - (3,997 ) -
At 31 March 2023 421,632 - 66,432
DEPRECIATION
At 1 April 2022 3,285 3,997 -
Charge for year 7,044 - 2,457
Eliminated on disposal - (3,997 ) -
At 31 March 2023 10,329 - 2,457
NET BOOK VALUE
At 31 March 2023 411,303 - 63,975
At 31 March 2022 326,161 - -

SUPPLEFEET LIMITED (REGISTERED NUMBER: 04983960)

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

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 31,593 6,773 371,809
Additions 6,955 898 166,471
Disposals - - (3,997 )
At 31 March 2023 38,548 7,671 534,283
DEPRECIATION
At 1 April 2022 25,860 4,615 37,757
Charge for year 1,081 1,425 12,007
Eliminated on disposal - - (3,997 )
At 31 March 2023 26,941 6,040 45,767
NET BOOK VALUE
At 31 March 2023 11,607 1,631 488,516
At 31 March 2022 5,733 2,158 334,052

5. STOCKS
2023 2022
£    £   
Stocks 29,771 41,673

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,162 1,802
Other debtors 8,878 -
Prepayments 921 2,555
11,961 4,357

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,781 14,706
Trade creditors 8,576 12,703
Taxation and social security - 8,533
Other creditors 173,070 92,277
188,427 128,219

SUPPLEFEET LIMITED (REGISTERED NUMBER: 04983960)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 252,004 253,731
Other creditors 118,429 13,406
370,433 267,137

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 221,214 196,637

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
E L Supple and I Bishop-Laggett
Balance outstanding at start of year - 11,019
Amounts repaid - (11,019 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

10. RELATED PARTY DISCLOSURES

The company has relied upon the support of the directors and members of their families. The company owed £121,967 (2022 - £19,186) to A Bishop-Laggett, the father of a director, of which £118,429 (2022 - £13,138) is repayable in more than twelve months. The interest charged on this loan was £2,161.

The two directors have provided the company with an interest free loan during the year to aid the purchase of the freehold property. The company owed £161,805 (2022 - £78,452) at year-end.

11. ULTIMATE CONTROLLING PARTY

The ultimate control of the company is held by E. L. Supple who holds the majority of the issued share capital.