IRIS Accounts Production v23.3.0.418 05069827 director 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh050698272022-03-31050698272023-03-31050698272022-04-012023-03-31050698272021-03-31050698272021-04-012022-03-31050698272022-03-3105069827ns10:Originalns15:EnglandWales2022-04-012023-03-3105069827ns14:PoundSterlingns10:Original2022-04-012023-03-3105069827ns10:Originalns10:Director12022-04-012023-03-3105069827ns10:Original2022-04-012023-03-3105069827ns10:Original2023-03-3105069827ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3105069827ns10:Originalns10:SmallEntities2022-04-012023-03-3105069827ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3105069827ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3105069827ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3105069827ns10:Originalns10:FullAccounts2022-04-012023-03-3105069827ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3105069827ns10:CompanySecretary1ns10:Original2022-04-012023-03-3105069827ns10:Originalns10:RegisteredOffice2022-04-012023-03-3105069827ns10:Original2022-03-3105069827ns10:Originalns5:CurrentFinancialInstruments2023-03-3105069827ns10:Originalns5:CurrentFinancialInstruments2022-03-3105069827ns10:Originalns5:Non-currentFinancialInstruments2023-03-3105069827ns10:Originalns5:Non-currentFinancialInstruments2022-03-3105069827ns5:ShareCapitalns10:Original2023-03-3105069827ns5:ShareCapitalns10:Original2022-03-3105069827ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3105069827ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3105069827ns10:Original2021-04-012022-03-3105069827ns10:Originalns5:PlantMachinery2022-03-3105069827ns10:Originalns5:FurnitureFittings2022-03-3105069827ns10:Original2022-03-3105069827ns10:Originalns5:PlantMachinery2022-04-012023-03-3105069827ns10:Originalns5:FurnitureFittings2022-04-012023-03-3105069827ns10:Originalns5:PlantMachinery2023-03-3105069827ns10:Originalns5:FurnitureFittings2023-03-3105069827ns10:Originalns5:PlantMachinery2022-03-3105069827ns10:Originalns5:FurnitureFittings2022-03-3105069827ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3105069827ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3105069827ns10:Originalns10:OrdinaryShareClass12023-03-3105069827ns10:Original1ns10:Director12022-03-3105069827ns10:Original1ns10:Director12021-03-3105069827ns10:Original1ns10:Director12022-04-012023-03-3105069827ns10:Original1ns10:Director12021-04-012022-03-3105069827ns10:Original1ns10:Director12023-03-3105069827ns10:Original1ns10:Director12022-03-31
REGISTERED NUMBER: 05069827 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

TAILORED LIMITED

TAILORED LIMITED (REGISTERED NUMBER: 05069827)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TAILORED LIMITED

COMPANY INFORMATION
for the Year Ended 31st March 2023







DIRECTOR: M Trevor





SECRETARY: C Hilton





REGISTERED OFFICE: 100 Barbirolli Square
Manchester
M2 3BD





REGISTERED NUMBER: 05069827 (England and Wales)





ACCOUNTANTS: KJG
100 Barbirolli Square
Manchester
M2 3BD

TAILORED LIMITED (REGISTERED NUMBER: 05069827)

BALANCE SHEET
31st March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 26,476 8,437

CURRENT ASSETS
Debtors 5 186,823 181,512
Cash at bank 18,846 14,493
205,669 196,005
CREDITORS
Amounts falling due within one year 6 (196,261 ) (145,932 )
NET CURRENT ASSETS 9,408 50,073
TOTAL ASSETS LESS CURRENT LIABILITIES 35,884 58,510

CREDITORS
Amounts falling due after more than one
year

7

(34,218

)

(34,086

)
NET ASSETS 1,666 24,424

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,566 24,324
SHAREHOLDERS' FUNDS 1,666 24,424

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

TAILORED LIMITED (REGISTERED NUMBER: 05069827)

BALANCE SHEET - continued
31st 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 Profit and Loss Account has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 8th March 2024 and were signed by:





M Trevor - Director


TAILORED LIMITED (REGISTERED NUMBER: 05069827)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2023


1. STATUTORY INFORMATION

Tailored Limited is a private company limited by share capital, incorporated in England and Wales, registration number 05069827. The address of the principle place of business is Broadstone Mill, Stockport, SK5 7DL. The address of the registered office is 100 Barbirolli Square, Manchester, M2 3BD.

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 as the fair value of the consideration received or receivable, excluding value added tax.

The following criteria must also be met before turnover is recognised:

- the amount of turnover can be measured reliably;
- it is probable that the company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on tangible fixed assets is charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Plant and Machinery 25% on reducing balance
Fixtures and Fittings 15% on reducing balance

At each balance sheet date, the Company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items of tangible fixed assets have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Government grants
Government grants are recognised on the accrual model and are measured at fair value of the asset receivable. Grants are classified as relating either to other income or to assets. Grants related to other income are recognised in profit or loss over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.


TAILORED LIMITED (REGISTERED NUMBER: 05069827)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.

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.

Leasing commitments
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank. Bank borrowings are included in creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 10 ) .

TAILORED LIMITED (REGISTERED NUMBER: 05069827)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1st April 2022 16,703 2,027 18,730
Additions 19,250 3,502 22,752
At 31st March 2023 35,953 5,529 41,482
DEPRECIATION
At 1st April 2022 9,268 1,668 10,936
Charge for year 4,049 633 4,682
Eliminated on disposal - (612 ) (612 )
At 31st March 2023 13,317 1,689 15,006
NET BOOK VALUE
At 31st March 2023 22,636 3,840 26,476
At 31st March 2022 7,435 359 7,794

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 20,436 31,735
Other debtors 166,387 149,777
186,823 181,512

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,403 10,000
Trade creditors 21,724 12,504
Taxation and social security 159,601 120,324
Other creditors 9,533 3,104
196,261 145,932

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 34,218 34,086

TAILORED LIMITED (REGISTERED NUMBER: 05069827)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,607 4,086

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1.00 100 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
M Trevor
Balance outstanding at start of year 133,399 98,588
Amounts advanced 262,531 202,018
Amounts repaid (276,221 ) (167,207 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 119,709 133,399