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Company Registration No. 09968496 (England and Wales)
The Silk Shirt Company Limited Unaudited accounts for the year ended 31 January 2024
The Silk Shirt Company Limited Unaudited accounts Contents
Page
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The Silk Shirt Company Limited Company Information for the year ended 31 January 2024
Director
Ajay Valecha
Company Number
09968496 (England and Wales)
Registered Office
39 Bickenhall Street London W1U 6BR
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The Silk Shirt Company Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
38,774 
38,774 
Debtors
5,182 
5,182 
Cash at bank and in hand
232 
232 
44,188 
44,188 
Creditors: amounts falling due within one year
(80,042)
(80,030)
Net current liabilities
(35,854)
(35,842)
Net liabilities
(35,854)
(35,842)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(35,855)
(35,843)
Shareholders' funds
(35,854)
(35,842)
For the year ending 31 January 2024 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 31 July 2024 and were signed on its behalf by
Ajay Valecha Director Company Registration No. 09968496
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The Silk Shirt Company Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
The Silk Shirt Company Limited is a private company, limited by shares, registered in England and Wales, registration number 09968496. The registered office is 39 Bickenhall Street, London, W1U 6BR.
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.
Going concern
The financial statements have been prepared on a going concern basis despite an excess of liabilities over total assets, on the basis that the director and shareholder will provide the company with whatever financial support maybe necessary in order to enable the company to meet its liabilities and commitments as they fall due for at least 12 months from the date of the approval of these financial statements.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
5,182 
5,182 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
80,042 
80,030 
6
Transactions with related parties
During the period, the director advanced funds to the company totalling £1,800. At the balance sheet date, the balance due to the director was £79,882 which is included within other creditors. The loan is interest free and repayable on demand.
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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