IRIS Accounts Production v24.2.0.383 08564465 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh085644652023-03-31085644652024-03-31085644652023-04-012024-03-31085644652022-03-31085644652022-04-012023-03-31085644652023-03-3108564465ns15:EnglandWales2023-04-012024-03-3108564465ns14:PoundSterling2023-04-012024-03-3108564465ns10:Director12023-04-012024-03-3108564465ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108564465ns10:SmallEntities2023-04-012024-03-3108564465ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108564465ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108564465ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108564465ns10:FullAccounts2023-04-012024-03-310856446512023-04-012024-03-3108564465ns10:OrdinaryShareClass12023-04-012024-03-3108564465ns10:Director22023-04-012024-03-3108564465ns10:RegisteredOffice2023-04-012024-03-3108564465ns5:CurrentFinancialInstruments2024-03-3108564465ns5:CurrentFinancialInstruments2023-03-3108564465ns5:Non-currentFinancialInstruments2024-03-3108564465ns5:Non-currentFinancialInstruments2023-03-3108564465ns5:ShareCapital2024-03-3108564465ns5:ShareCapital2023-03-3108564465ns5:RetainedEarningsAccumulatedLosses2024-03-3108564465ns5:RetainedEarningsAccumulatedLosses2023-03-3108564465ns5:FurnitureFittings2023-04-012024-03-3108564465ns5:MotorVehicles2023-04-012024-03-3108564465ns5:ComputerEquipment2023-04-012024-03-3108564465ns5:NetGoodwill2023-03-3108564465ns5:NetGoodwill2023-04-012024-03-3108564465ns5:NetGoodwill2024-03-3108564465ns5:NetGoodwill2023-03-3108564465ns5:FurnitureFittings2023-03-3108564465ns5:MotorVehicles2023-03-3108564465ns5:ComputerEquipment2023-03-3108564465ns5:FurnitureFittings2024-03-3108564465ns5:MotorVehicles2024-03-3108564465ns5:ComputerEquipment2024-03-3108564465ns5:FurnitureFittings2023-03-3108564465ns5:MotorVehicles2023-03-3108564465ns5:ComputerEquipment2023-03-3108564465ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3108564465ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3108564465ns5:DeferredTaxation2023-03-3108564465ns5:DeferredTaxation2023-04-012024-03-3108564465ns5:DeferredTaxation2024-03-3108564465ns10:OrdinaryShareClass12024-03-3108564465ns5:RetainedEarningsAccumulatedLosses2023-03-3108564465ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: 08564465 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

The Pyjama Factory Ltd

The Pyjama Factory Ltd (Registered number: 08564465)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Pyjama Factory Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr Mark Milner
Ms Karen Milner





REGISTERED OFFICE: Safe House
Prenton Way
North Cheshire
Cheshire
CH43 3DU





REGISTERED NUMBER: 08564465 (England and Wales)





ACCOUNTANTS: LJS Accounting Services (UK) Ltd
Unit 5, 1st Floor
Connect Business Village
24 Derby Road
Liverpool
Merseyside
L5 9PR

The Pyjama Factory Ltd (Registered number: 08564465)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,000
Tangible assets 5 218,502 222,814
218,502 223,814

CURRENT ASSETS
Stocks 6 1,741,032 1,271,000
Debtors 7 334,209 338,500
Cash at bank 1,218,394 1,312,110
3,293,635 2,921,610
CREDITORS
Amounts falling due within one year 8 275,164 187,827
NET CURRENT ASSETS 3,018,471 2,733,783
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,236,973

2,957,597

CREDITORS
Amounts falling due after more than one
year

9

(16,245

)

(21,306

)

PROVISIONS FOR LIABILITIES 10 (54,626 ) (24,103 )
NET ASSETS 3,166,102 2,912,188

CAPITAL AND RESERVES
Called up share capital 11 3 3
Retained earnings 12 3,166,099 2,912,185
SHAREHOLDERS' FUNDS 3,166,102 2,912,188

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

The Pyjama Factory Ltd (Registered number: 08564465)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:





Mr Mark Milner - Director


The Pyjama Factory Ltd (Registered number: 08564465)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

The Pyjama Factory Ltd 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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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 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 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.

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.

The Pyjama Factory Ltd (Registered number: 08564465)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 10,000
AMORTISATION
At 1 April 2023 9,000
Amortisation for year 1,000
At 31 March 2024 10,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 1,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 268,194 32,790 3,006 303,990
Additions 36,536 - - 36,536
At 31 March 2024 304,730 32,790 3,006 340,526
DEPRECIATION
At 1 April 2023 65,850 14,346 980 81,176
Charge for year 35,832 4,611 405 40,848
At 31 March 2024 101,682 18,957 1,385 122,024
NET BOOK VALUE
At 31 March 2024 203,048 13,833 1,621 218,502
At 31 March 2023 202,344 18,444 2,026 222,814

6. STOCKS
31.3.24 31.3.23
£    £   
Stocks 1,741,032 1,271,000

The Pyjama Factory Ltd (Registered number: 08564465)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 334,130 338,500
VAT 79 -
334,209 338,500

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 135,219 86,173
Tax 134,738 59,275
Social security and other taxes (2,411 ) 1,427
VAT - 33,590
Directors' current accounts 3,949 3,844
Accrued expenses 3,669 3,518
275,164 187,827

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 16,245 21,306

10. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 54,626 24,103

Deferred
tax
£   
Balance at 1 April 2023 24,103
Provided during year 30,523
Balance at 31 March 2024 54,626

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
3 Ordinary 1 3 3

The Pyjama Factory Ltd (Registered number: 08564465)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

12. RESERVES
Retained
earnings
£   

At 1 April 2023 2,912,185
Profit for the year 368,914
Dividends (115,000 )
At 31 March 2024 3,166,099