1 November 2022 false Taxfiler 2024.4 true 11624840business:PrivateLimitedCompanyLtd2022-11-012023-10-31 116248402022-10-31 116248402022-11-012023-10-31 11624840business:AuditExemptWithAccountantsReport2022-11-012023-10-31 11624840business:FilletedAccounts2022-11-012023-10-31 116248402023-10-31 11624840business:Director12022-11-012023-10-31 11624840business:RegisteredOffice2022-11-012023-10-31 116248402022-10-31 11624840core:WithinOneYear2023-10-31 11624840core:WithinOneYear2022-10-31 11624840core:AfterOneYear2023-10-31 11624840core:AfterOneYear2022-10-31 11624840core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 11624840core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 11624840core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 11624840core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 11624840core:PreviouslyStatedAmount2023-10-31 11624840core:PreviouslyStatedAmount2022-10-31 11624840business:SmallEntities2022-11-012023-10-31 11624840countries:EnglandWales2022-11-012023-10-31 11624840core:MotorVehicles2022-11-012023-10-31 11624840core:ComputerEquipment2022-11-012023-10-31 11624840core:PlantMachinery2022-10-31 11624840core:MotorVehicles2022-10-31 11624840core:FurnitureFittings2022-10-31 11624840core:ComputerEquipment2022-10-31 11624840core:PlantMachinery2022-11-012023-10-31 11624840core:FurnitureFittings2022-11-012023-10-31 11624840core:PlantMachinery2023-10-31 11624840core:MotorVehicles2023-10-31 11624840core:FurnitureFittings2023-10-31 11624840core:ComputerEquipment2023-10-31 116248402021-11-012022-10-31 iso4217:GBP xbrli:pure
Company Registration No. 11624840 (England and Wales)
Wardrobe City Ltd Unaudited accounts for the year ended 31 October 2023
Wardrobe City Ltd Unaudited accounts Contents
Page
- 2 -
Wardrobe City Ltd Company Information for the year ended 31 October 2023
Director
Jorawar Singh
Company Number
11624840 (England and Wales)
Registered Office
Wardrobe City Ltd Unit 9 Trading Estate, Pasadena Close Hayes Middlesex UB3 3NQ England
Accountants
ABMO Accountants 37 Taplow Road Taplow South Bucks SL6 0JN
- 3 -
Wardrobe City Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
258,984 
220,675 
Current assets
Inventories
229,038 
81,715 
Debtors
84,365 
78,794 
Cash at bank and in hand
2,881 
3,633 
316,284 
164,142 
Creditors: amounts falling due within one year
(526,308)
(484,376)
Net current liabilities
(210,024)
(320,234)
Total assets less current liabilities
48,960 
(99,559)
Creditors: amounts falling due after more than one year
(147,240)
- 
Provisions for liabilities
Deferred tax
(53,513)
(44,135)
Net liabilities
(151,793)
(143,694)
Capital and reserves
Called up share capital
(10)
(10)
Profit and loss account
(151,783)
(143,684)
Shareholders' funds
(151,793)
(143,694)
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 26 July 2024 and were signed on its behalf by
Jorawar Singh Director Company Registration No. 11624840
- 4 -
Wardrobe City Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Wardrobe City Ltd is a private company, limited by shares, registered in England and Wales, registration number 11624840. The registered office is Wardrobe City Ltd, Unit 9, Trading Estate, Pasadena Close, Hayes, Middlesex, UB3 3NQ, England.
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:
Motor vehicles
10%
Computer equipment
20%
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Going concern
The financial statements have been prepared using the going concern basis of accounting. The Directors further confirm that the company has adequate resources to continue in operational existence for the foreseeable future.
- 5 -
Wardrobe City Ltd Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 November 2022
126,000 
102,495 
30,463 
3,023 
261,981 
Additions
- 
66,520 
- 
- 
66,520 
At 31 October 2023
126,000 
169,015 
30,463 
3,023 
328,501 
Depreciation
At 1 November 2022
12,600 
24,450 
3,046 
1,210 
41,306 
Charge for the year
12,600 
11,960 
3,046 
605 
28,211 
At 31 October 2023
25,200 
36,410 
6,092 
1,815 
69,517 
Net book value
At 31 October 2023
100,800 
132,605 
24,371 
1,208 
258,984 
At 31 October 2022
113,400 
78,045 
27,417 
1,813 
220,675 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,571 
- 
Other debtors
78,794 
78,794 
84,365 
78,794 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
38,746 
467 
Trade creditors
84,213 
14,982 
Taxes and social security
3,169 
3,974 
Other creditors
15,000 
110,791 
Loans from directors
384,180 
354,162 
Accruals
1,000 
- 
526,308 
484,376 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
147,240 
- 
8
Average number of employees
During the year the average number of employees was 21 (2022: 18).
- 6 -