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REGISTERED NUMBER: 07658930 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Relish Clothing Limited

Relish Clothing Limited (Registered number: 07658930)






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


Relish Clothing Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr Remsi Hussein





REGISTERED OFFICE: 36-38 Mortimer Street
1st Floor
London
W1W 7RG





REGISTERED NUMBER: 07658930 (England and Wales)





ACCOUNTANTS: Chris Pantazis Ltd T/A CPS & Co
Chartered Accountants
10A Aldermans Hill
Palmers Green
London
N13 4PJ

Relish Clothing Limited (Registered number: 07658930)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,823 22,416

CURRENT ASSETS
Stocks 5 42,074 307,826
Debtors 6 37,809 384,147
Cash at bank and in hand 249,962 190,982
329,845 882,955
CREDITORS
Amounts falling due within one year 7 179,090 527,885
NET CURRENT ASSETS 150,755 355,070
TOTAL ASSETS LESS CURRENT
LIABILITIES

163,578

377,486

CREDITORS
Amounts falling due after more than one year 8 20,921 31,409
NET ASSETS 142,657 346,077

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 11 142,655 346,075
SHAREHOLDERS' FUNDS 142,657 346,077

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.

Relish Clothing Limited (Registered number: 07658930)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 September 2024 and were signed by:





Mr Remsi Hussein - Director


Relish Clothing Limited (Registered number: 07658930)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Relish Clothing 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% 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.

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 14 (2022 - 16 ) .

Relish Clothing Limited (Registered number: 07658930)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 37,965 68,803 - 110,866 217,634
Additions 3,889 2,741 34,500 2,808 43,938
Disposals - - (34,500 ) - (34,500 )
At 31 December 2023 41,854 71,544 - 113,674 227,072
DEPRECIATION
At 1 January 2023 32,780 61,470 - 100,968 195,218
Charge for year 6,589 6,341 15,094 6,101 34,125
Eliminated on disposal - - (15,094 ) - (15,094 )
At 31 December 2023 39,369 67,811 - 107,069 214,249
NET BOOK VALUE
At 31 December 2023 2,485 3,733 - 6,605 12,823
At 31 December 2022 5,185 7,333 - 9,898 22,416

5. STOCKS
31.12.23 31.12.22
£    £   
Stocks 42,074 307,826

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 37,809 360,914
Other debtors - 1,600
Tax - 18,002
VAT - 3,631
37,809 384,147

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts (see note 9) 10,711 11,159
Trade creditors 148,262 406,181
Social security and other taxes 9,611 12,374
VAT 4,250 -
Other creditors 1,256 26,783
Directors' current accounts - 25,000
Accrued expenses 5,000 46,388
179,090 527,885

Relish Clothing Limited (Registered number: 07658930)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans (see note 9) 20,921 31,409

9. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,711 11,159

Amounts falling due between two and five years:
Bank loans - 2-5 years 20,921 31,409

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
2 Ordinary £1.00 2 2

11. RESERVES
Retained
earnings
£   

At 1 January 2023 346,075
Deficit for the year (170,902 )
Dividends (32,518 )
At 31 December 2023 142,655