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REGISTERED NUMBER: 13605560 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ARTHUR SHIRT AND COMPANY LIMITED

ARTHUR SHIRT AND COMPANY LIMITED (REGISTERED NUMBER: 13605560)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARTHUR SHIRT AND COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: G A J Shirt





REGISTERED OFFICE: 45 Finchwell Road
Handsworth
Sheffield
S13 9AS





REGISTERED NUMBER: 13605560 (England and Wales)





ACCOUNTANTS: Marriott Gibbs Rees Wallis Limited
Chartered Certified Accountants
First Floor
Unit 4, Broadfield Court
Sheffield
South Yorkshire
S8 0XF

ARTHUR SHIRT AND COMPANY LIMITED (REGISTERED NUMBER: 13605560)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,915 7,537

CURRENT ASSETS
Debtors 5 33,491 17,785
Cash at bank and in hand 209,599 134,685
243,090 152,470
CREDITORS
Amounts falling due within one year 6 42,168 37,807
NET CURRENT ASSETS 200,922 114,663
TOTAL ASSETS LESS CURRENT
LIABILITIES

213,837

122,200

PROVISIONS FOR LIABILITIES 2,841 1,658
NET ASSETS 210,996 120,542

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 210,946 120,492
210,996 120,542

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

ARTHUR SHIRT AND COMPANY LIMITED (REGISTERED NUMBER: 13605560)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 April 2024 and were signed by:





G A J Shirt - Director


ARTHUR SHIRT AND COMPANY LIMITED (REGISTERED NUMBER: 13605560)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Arthur Shirt and Company 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.

Tangible fixed assets
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset ClassDepreciation method and rate
Fixtures and fittings15% reducing balance
Motor vehicles25% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

ARTHUR SHIRT AND COMPANY LIMITED (REGISTERED NUMBER: 13605560)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2023 395 8,000 8,395
Additions 1,091 6,500 7,591
At 31 December 2023 1,486 14,500 15,986
DEPRECIATION
At 1 January 2023 25 833 858
Charge for year 150 2,063 2,213
At 31 December 2023 175 2,896 3,071
NET BOOK VALUE
At 31 December 2023 1,311 11,604 12,915
At 31 December 2022 370 7,167 7,537

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 33,390 17,696
Other debtors 101 89
33,491 17,785

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,808 1,375
Corporation tax 29,665 28,537
VAT 7,945 6,145
Directors' current accounts 1,750 1,750
42,168 37,807

ARTHUR SHIRT AND COMPANY LIMITED (REGISTERED NUMBER: 13605560)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
G A J Shirt
Balance outstanding at start of year - -
Amounts advanced 50 -
Amounts repaid (50 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -