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REGISTERED NUMBER: 10461888 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Sarto Luxury Tailoring Limited

Sarto Luxury Tailoring Limited (Registered number: 10461888)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sarto Luxury Tailoring Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: K Xenos
A Doukanaris





SECRETARY: Ms A Damigos





REGISTERED OFFICE: 5 Wellington Close
Liverpool
Cheshire
L10 2JH





REGISTERED NUMBER: 10461888 (England and Wales)





ACCOUNTANTS: Lucas Reis Ltd
Chartered Accountants
Lansdowne House
85 Buxton Road
Stockport
Cheshire
SK2 6LR

Sarto Luxury Tailoring Limited (Registered number: 10461888)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,094 26,367

CURRENT ASSETS
Stocks 25,020 24,780
Debtors 5 5,841 2,649
Cash at bank 59,042 74,191
89,903 101,620
CREDITORS
Amounts falling due within one year 6 57,898 59,924
NET CURRENT ASSETS 32,005 41,696
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,099

68,063

CREDITORS
Amounts falling due after more than one
year

7

(14,320

)

(23,225

)

PROVISIONS FOR LIABILITIES (4,008 ) (5,010 )
NET ASSETS 34,771 39,828

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 34,671 39,728
SHAREHOLDERS' FUNDS 34,771 39,828

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Sarto Luxury Tailoring Limited (Registered number: 10461888)

Balance Sheet - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 August 2024 and were signed on its behalf by:





A Doukanaris - Director


Sarto Luxury Tailoring Limited (Registered number: 10461888)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Sarto Luxury Tailoring 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 at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

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 year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Sarto Luxury Tailoring Limited (Registered number: 10461888)

Notes to the Financial Statements - continued
for the Year Ended 30 November 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 52,722
DEPRECIATION
At 1 December 2022 26,355
Charge for year 5,273
At 30 November 2023 31,628
NET BOOK VALUE
At 30 November 2023 21,094
At 30 November 2022 26,367

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Prepayments and accrued income 5,841 2,649

Sarto Luxury Tailoring Limited (Registered number: 10461888)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 10,680 16,139
Trade creditors 18,852 18,788
Tax 6,274 5,537
VAT 14,762 12,625
Directors' loan accounts 5,535 5,535
Accruals and deferred income 1,795 1,300
57,898 59,924

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans - 1-2 years 14,320 14,861
Bank loans - 2-5 years - 8,364
14,320 23,225

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Share capital £1 100 100