CKlothing Ltd 14207989 false 2022-07-01 2023-07-31 2023-07-31 The principal activity of the company is Clothing Company Digita Accounts Production Advanced 6.30.9574.0 true true 14207989 2022-07-01 2023-07-31 14207989 2023-07-31 14207989 bus:Director1 1 2023-07-31 14207989 core:CurrentFinancialInstruments 2023-07-31 14207989 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 14207989 bus:SmallEntities 2022-07-01 2023-07-31 14207989 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-07-31 14207989 bus:FullAccounts 2022-07-01 2023-07-31 14207989 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-07-31 14207989 bus:RegisteredOffice 2022-07-01 2023-07-31 14207989 bus:Director1 2022-07-01 2023-07-31 14207989 bus:Director1 1 2022-07-01 2023-07-31 14207989 bus:Director2 2022-07-01 2023-07-31 14207989 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-07-31 14207989 countries:England 2022-07-01 2023-07-31 14207989 bus:Director1 1 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 14207989

CKlothing Ltd

Unaudited Filleted Financial Statements

for the Period from 1 July 2022 to 31 July 2023

 

CKlothing Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

CKlothing Ltd

Company Information

Directors

Mr Daniel John Sparkes

Mr Louay Alnaief

Registered office

Unit J22 Hastingwood Business Park
Wood Lane
Erdington
Birmingham
West Midlands
B24 9QR

Accountants

Onyx Accountants Limited
Chartered Management Accountants
Onyx House
12 Phoenix Business Park
Avenue Close
Birmingham
West Midlands
B7 4NU

 

CKlothing Ltd

(Registration number: 14207989)
Balance Sheet as at 31 July 2023

Note

2023
£

Fixed assets

 

Tangible assets

474

Current assets

 

Debtors

4,432

Cash at bank and in hand

 

96

 

4,528

Creditors: Amounts falling due within one year

(4,806)

Net current liabilities

 

(278)

Total assets less current liabilities

 

196

Provisions for liabilities

(90)

Net assets

 

106

Capital and reserves

 

Called up share capital

100

Retained earnings

6

Shareholders' funds

 

106

For the financial period ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their 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 Board on 4 December 2023 and signed on its behalf by:
 

.........................................
Mr Daniel John Sparkes
Director

 

CKlothing Ltd

Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 31 July 2023

1

General information

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

The address of its registered office is:
Unit J22 Hastingwood Business Park
Wood Lane
Erdington
Birmingham
West Midlands
B24 9QR
England

These financial statements were authorised for issue by the Board on 4 December 2023.

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 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.

Tax

The tax expense for the period comprises current and deferred 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.

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.

 

CKlothing Ltd

Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 31 July 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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.

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.

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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

CKlothing Ltd

Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 31 July 2023

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 directors) during the period, was 1.

4

Related party transactions

 

CKlothing Ltd

Notes to the Unaudited Financial Statements for the Period from 1 July 2022 to 31 July 2023

Transactions with directors

2023

At 1 July 2022
£

Advances to director
£

At 31 July 2023
£

Mr Daniel John Sparkes

Advances

-

314

314