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Registered number: 06710234

STORM LEATHER LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/10/2023

Prepared By:
LHM ACCOUNTANTS
Incorporated Financial Accountants
20 Westlands Way
Oxted
Surrey
RH8 0ND

STORM LEATHER LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/10/2023
DIRECTORS
G A Zambakides
SECRETARY
P K Manster
REGISTERED OFFICE
20 Westlands Way
Oxted
Surrey
RH8 0MD
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06710234
BANKERS
Barclays Bank Plc
ACCOUNTANTS
LHM ACCOUNTANTS
Incorporated Financial Accountants
20 Westlands Way
Oxted
Surrey
RH8 0ND

STORM LEATHER LIMITED

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-

STORM LEATHER LIMITED

BALANCE SHEET AT 31/10/2023
20232022
Notes££
CURRENT ASSETS
Stock19,71720,163
Debtors42,2261,853
Cash at bank and in hand1,02413,936
22,96735,952
CREDITORS: Amounts falling due within one year552,10955,033
NET CURRENT LIABILITIES(29,142)(19,081)
TOTAL ASSETS LESS CURRENT LIABILITIES(29,142)(19,081)
CREDITORS: Amounts falling due after more than one year6-10,800
NET LIABILITIES(29,142)(29,881)
CAPITAL AND RESERVES
Called up share capital71,0001,000
Profit and loss account(30,142)(30,881)
SHAREHOLDERS' FUNDS(29,142)(29,881)
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 30/07/2024 and signed on their behalf by
.............................
G A Zambakides
Director

STORM LEATHER LIMITED

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. 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.
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20232022
No.No.
Average number of employees--
3. STOCK 20232022
££
Stock comprises:
Stock19,71720,163
19,71720,163

STORM LEATHER LIMITED

4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors2,2261,853
2,2261,853
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
VAT-12,900
PAYE control-202
Directors current account44,86514,329
Trade creditors5,93226,556
Accruals1,3121,046
52,10955,033
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr-10,800
-10,800
7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
500 Class "A" ordinary shares of £1.00 each500500
500 Class "B" ordinary shares of £1.00 each500500
1,0001,000