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REGISTERED NUMBER: 05349536 (England and Wales)















Financial statements for the year ended 31 December 2023

For

Clothes Relief Ltd

Clothes Relief Ltd (Registered number: 05349536)

Contents of the financial statements
for the Year Ended 31 December 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 4

Notes to the Financial Statements 6


Clothes Relief Ltd

Company information
for the Year Ended 31 December 2023







DIRECTORS: Mr Darius Marcinkevicius
Mr Rytis Krisciunas





REGISTERED OFFICE: Unit 11 Thurrock Park Way
Tilbury
Essex
RM18 7HZ





REGISTERED NUMBER: 05349536 (England and Wales)





ACCOUNTANTS: Parker Russell UK
Chartered Accountants
Level 30
The Leadenhall Building
122 Leadenhall Street
City of London
EC3V 4AB

Chartered accountants' report to the board of directors
On the unaudited financial statements of
Clothes relief ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Clothes Relief Ltd for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Clothes Relief Ltd, as a body, in accordance with the terms of our engagement letter dated 18 November 2011. Our work has been undertaken solely to prepare for your approval the financial statements of Clothes Relief Ltd and state those matters that we have agreed to state to the Board of Directors of Clothes Relief Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clothes Relief Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Clothes Relief Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Clothes Relief Ltd. You consider that Clothes Relief Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Clothes Relief Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Parker Russell UK
Chartered Accountants
Level 30
The Leadenhall Building

Chartered accountants' report to the board of directors
On the unaudited financial statements of
Clothes relief ltd


122 Leadenhall Street
City of London
EC3V 4AB


20 September 2024

Clothes Relief Ltd (Registered number: 05349536)

Balance sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 14,671 19,562

Current assets
Stocks 191,000 157,500
Debtors 5 1,177,377 840,834
Cash at bank 461,948 309,788
1,830,325 1,308,122
Creditors
Amounts falling due within one year 6 818,302 406,126
Net current assets 1,012,023 901,996
Total assets less current liabilities 1,026,694 921,558

Creditors
Amounts falling due after more than
one year

7

340,000

241,600
Net assets 686,694 679,958

Clothes Relief Ltd (Registered number: 05349536)

Balance sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
Capital and reserves
Called up share capital 8 100 100
Retained earnings 686,594 679,858
Shareholders' funds 686,694 679,958

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 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 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 20 September 2024 and were signed on its behalf by:





Mr Darius Marcinkevicius - Director


Clothes Relief Ltd (Registered number: 05349536)

Notes to the financial statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Clothes Relief 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer 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.


Clothes Relief Ltd (Registered number: 05349536)

Notes to the financial statements - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued
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 22 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 43,218 59,200 25,722 128,140
DEPRECIATION
At 1 January 2023 39,894 47,263 21,421 108,578
Charge for year 831 2,985 1,075 4,891
At 31 December 2023 40,725 50,248 22,496 113,469
NET BOOK VALUE
At 31 December 2023 2,493 8,952 3,226 14,671
At 31 December 2022 3,324 11,937 4,301 19,562

Clothes Relief Ltd (Registered number: 05349536)

Notes to the financial statements - continued
for the Year Ended 31 December 2023


5. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 485,894 84,994
Other debtors 178,083 242,440
663,977 327,434

Amounts falling due after more than one year:
Other debtors 513,400 513,400

Aggregate amounts 1,177,377 840,834

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 3,802 3,536
Payments on account 165,731 -
Trade creditors 458,820 338,388
Taxation and social security 87,449 64,202
Other creditors 102,500 -
818,302 406,126

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors 340,000 241,600

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

Clothes Relief Ltd (Registered number: 05349536)

Notes to the financial statements - continued
for the Year Ended 31 December 2023


9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Krisciunas and Mr Marcinkevicius respectively.