PASSION KNITWEAR LIMITED

Company Registration Number:
02284901 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

PASSION KNITWEAR LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Notes

PASSION KNITWEAR LIMITED

Balance sheet

As at 31 October 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 185,536 206,318
Investments:   0 0
Total fixed assets: 185,536 206,318
Current assets
Stocks: 70,500 43,750
Debtors: 4 1,800,862 1,769,763
Cash at bank and in hand: 22,247 104,853
Total current assets: 1,893,609 1,918,366
Creditors: amounts falling due within one year: 5 (330,401) (297,936)
Net current assets (liabilities): 1,563,208 1,620,430
Total assets less current liabilities: 1,748,744 1,826,748
Creditors: amounts falling due after more than one year:   0 (75,000)
Provision for liabilities: (14,920) (14,920)
Total net assets (liabilities): 1,733,824 1,736,828
Capital and reserves
Called up share capital: 10,000 10,000
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 1,723,824 1,726,828
Shareholders funds: 1,733,824 1,736,828

The notes form part of these financial statements

PASSION KNITWEAR LIMITED

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 October 2024
and signed on behalf of the board by:

Name: Abdul Rashid
Status: Director

The notes form part of these financial statements

PASSION KNITWEAR LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PASSION KNITWEAR LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

2. Employees

2023 2022
Average number of employees during the period 12 12

PASSION KNITWEAR LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible Assets

Total
Cost £
At 01 November 2022 853,292
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 October 2023 853,292
Depreciation
At 01 November 2022 646,974
Charge for year 20,782
On disposals 0
Other adjustments 0
At 31 October 2023 667,756
Net book value
At 31 October 2023 185,536
At 31 October 2022 206,318

PASSION KNITWEAR LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 1,800,862 1,769,763

PASSION KNITWEAR LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Creditors: amounts falling due within one year note

Bank loans 18000 Other creditors 164550 Social Security taxes 7816 Trade creditors 140035

PASSION KNITWEAR LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

6. Loans to directors

Name of director receiving advance or credit: Abdul Rashid
Description of the loan: Current Account
£
Balance at 01 November 2022 35,871
Advances or credits made: 71,836
Advances or credits repaid: 39,799
Balance at 31 October 2023 67,908