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Registered number: 06391381

The Block Fashion Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/10/2023

Prepared By:
DBR Accounts Limited
1 Station Court
Station Approach
Wickford
Essex
SS11 7AT

The Block Fashion Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/10/2023
DIRECTORS
R Pegler
S Pegler
REGISTERED OFFICE
72b High Street
Rickmansworth
Hertfordshire
WD3 1AJ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06391381
ACCOUNTANTS
DBR Accounts Limited
1 Station Court
Station Approach
Wickford
Essex
SS11 7AT

The Block Fashion Ltd

ACCOUNTS
FOR THEYEARENDED31/10/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

The Block Fashion Ltd

BALANCE SHEET AT 31/10/2023
20232022
Notes££
FIXED ASSETS
Tangible assets3531-
CURRENT ASSETS
Stock75,00075,000
Debtors54,2504,250
79,25079,250
CREDITORS: Amounts falling due within one year690,18975,247
NET CURRENT (LIABILITIES) / ASSETS(10,939)4,003
TOTAL ASSETS LESS CURRENT LIABILITIES(10,408)4,003
CREDITORS: Amounts falling due after more than one year716,66927,197
NET LIABILITIES(27,077)(23,194)
CAPITAL AND RESERVES
Called up share capital811
Profit and loss account(27,078)(23,195)
SHAREHOLDERS' FUNDS(27,077)(23,194)
For the year ending 31/10/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 28/03/2024 and signed on their behalf by
.............................
S Pegler
Director

The Block Fashion Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
These financial statements have been prepared on the going concern basis despite the losses that have been built. The directors intend to support the company financially in the forseeable future and for no less than at least the next 12 months.
1c. Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance25%
1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

The Block Fashion Ltd

1e. Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are initially measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
2. EMPLOYEES
20232022
No.No.
Average number of employees22
3. TANGIBLE FIXED ASSETS
Short Leasehold
PropertiesEquipmentTotal
£££
Cost
At 01/11/202228,250-28,250
Additions-708708
At 31/10/202328,25070828,958
Depreciation
At 01/11/202228,250-28,250
For the year-177177
At 31/10/202328,25017728,427
Net Book Amounts
At 31/10/2023-531531
4. STOCK 20232022
££
Stock comprises:
Stock75,00075,000
75,00075,000

The Block Fashion Ltd

5. DEBTORS 20232022
££
Amounts falling due within one year
Other debtors4,2504,250
4,2504,250
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax-427
VAT4,1294,621
Salaries and wages control-495
Directors current account35,88135,566
Bank loans and overdrafts18,86618,271
Loans9,9989,998
Credit card14,1802,619
Trade creditors5,165-
Accruals1,9703,250
90,18975,247
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Loans >1yr16,66927,197
16,66927,197

The Block Fashion Ltd

8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each1
11