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Company Registration No. 12941978 (England and Wales)
TEXTILE WISE LTD Unaudited accounts for the year ended 31 October 2023
TEXTILE WISE LTD Unaudited accounts Contents
Page
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TEXTILE WISE LTD Company Information for the year ended 31 October 2023
Director
Muhammad Mohsin
Company Number
12941978 (England and Wales)
Registered Office
156 Hill Top Drive Rochdale OL11 2RZ England
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TEXTILE WISE LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,589 
20,230 
Current assets
Inventories
7,850 
4,328 
Cash at bank and in hand
2,009 
1,374 
9,859 
5,702 
Creditors: amounts falling due within one year
(25,474)
(26,599)
Net current liabilities
(15,615)
(20,897)
Net assets/(liabilities)
974 
(667)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
973 
(668)
Shareholders' funds
974 
(667)
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 31 July 2024 and were signed on its behalf by
Muhammad Mohsin Director Company Registration No. 12941978
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TEXTILE WISE LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
TEXTILE WISE LTD is a private company, limited by shares, registered in England and Wales, registration number 12941978. The registered office is 156 Hill Top Drive, Rochdale, OL11 2RZ, 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:
Plant & machinery
18%
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 November 2022
20,230 
At 31 October 2023
20,230 
Depreciation
Charge for the year
3,641 
At 31 October 2023
3,641 
Net book value
At 31 October 2023
16,589 
At 31 October 2022
20,230 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
228 
- 
Other creditors
4,000 
6,000 
Loans from directors
19,794 
20,599 
Accruals
1,452 
- 
25,474 
26,599 
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TEXTILE WISE LTD Notes to the Accounts for the year ended 31 October 2023
6
Average number of employees
During the year the average number of employees was 2 (2022: 0).
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