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REGISTERED NUMBER: 07280877 (England and Wales)















Unaudited Financial Statements

for the Period 1 September 2022 to 31 December 2023

for

Allsave Textiles Limited

Allsave Textiles Limited (Registered number: 07280877)






Contents of the Financial Statements
for the Period 1 September 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

Allsave Textiles Limited

Company Information
for the Period 1 September 2022 to 31 December 2023







DIRECTOR: M Allen





REGISTERED OFFICE: Unit 1 Maycroft Gardens
Huthwaite
Sutton-In-Ashfield
Nottinghamshire
NG17 2TL





REGISTERED NUMBER: 07280877 (England and Wales)





ACCOUNTANTS: Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ

Allsave Textiles Limited (Registered number: 07280877)

Balance Sheet
31 December 2023

31.12.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,570 1,716
3,570 1,716

CURRENT ASSETS
Stocks 176,847 268,224
Debtors 6 301,004 236,200
Cash at bank and in hand 120,389 200
598,240 504,624
CREDITORS
Amounts falling due within one year 7 489,257 382,436
NET CURRENT ASSETS 108,983 122,188
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,553

123,904

CREDITORS
Amounts falling due after more than one year 8 (15,664 ) (29,101 )

PROVISIONS FOR LIABILITIES - (326 )
NET ASSETS 96,889 94,477

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 96,789 94,377
SHAREHOLDERS' FUNDS 96,889 94,477

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

Allsave Textiles Limited (Registered number: 07280877)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 July 2024 and were signed by:





M Allen - Director


Allsave Textiles Limited (Registered number: 07280877)

Notes to the Financial Statements
for the Period 1 September 2022 to 31 December 2023

1. STATUTORY INFORMATION

Allsave Textiles Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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

Allsave Textiles Limited (Registered number: 07280877)

Notes to the Financial Statements - continued
for the Period 1 September 2022 to 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022 59,871
Disposals (59,871 )
At 31 December 2023 -
AMORTISATION
At 1 September 2022 59,871
Eliminated on disposal (59,871 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 August 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 10,053
Additions 3,146
Disposals (464 )
At 31 December 2023 12,735
DEPRECIATION
At 1 September 2022 8,337
Charge for period 1,292
Eliminated on disposal (464 )
At 31 December 2023 9,165
NET BOOK VALUE
At 31 December 2023 3,570
At 31 August 2022 1,716

Allsave Textiles Limited (Registered number: 07280877)

Notes to the Financial Statements - continued
for the Period 1 September 2022 to 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.8.22
£    £   
Trade debtors 180,170 223,436
Amounts owed by group undertakings 120,834 -
Other debtors - 12,764
301,004 236,200

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.8.22
£    £   
Bank loans and overdrafts 10,118 98,598
Trade creditors 112,910 67,120
Amounts owed to group undertakings 256,829 -
Taxation and social security 106,616 11,894
Other creditors 2,784 204,824
489,257 382,436

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.8.22
£    £   
Bank loans 15,664 29,101

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.8.22
£    £   
Within one year - 18,000
Between one and five years - 6,000
- 24,000

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.8.22
£    £   
Bank loans 25,782 38,889

Bank loans are provided by HSBC under the Bounce Bank Loan Scheme are fully secured by a government backed guarantee.

Allsave Textiles Limited (Registered number: 07280877)

Notes to the Financial Statements - continued
for the Period 1 September 2022 to 31 December 2023

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 December 2023 and the year ended 31 August 2022:

31.12.23 31.8.22
£    £   
R T Walton
Balance outstanding at start of period - 9,488
Amounts repaid - (9,488 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - -

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Allsave Textiles Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Allsave Textiles Limited for the period ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Allsave Textiles Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Allsave Textiles Limited and state those matters that we have agreed to state to the director of Allsave Textiles Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Allsave Textiles Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Allsave Textiles Limited. You consider that Allsave Textiles Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Allsave Textiles Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ


5 July 2024