1 August 2022 false No description of principal activity Taxfiler 2024.5 6970840business:PrivateLimitedCompanyLtd2022-08-012023-07-31 69708402022-07-31 69708402022-08-012023-07-31 6970840business:AuditExemptWithAccountantsReport2022-08-012023-07-31 6970840business:AbridgedAccounts2022-08-012023-07-31 69708402023-07-31 6970840business:Director12022-08-012023-07-31 6970840business:RegisteredOffice2022-08-012023-07-31 69708402022-07-31 6970840core:WithinOneYear2023-07-31 6970840core:WithinOneYear2022-07-31 6970840core:AfterOneYear2023-07-31 6970840core:AfterOneYear2022-07-31 6970840core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 6970840core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 6970840core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 6970840core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 6970840core:PreviouslyStatedAmount2023-07-31 6970840core:PreviouslyStatedAmount2022-07-31 6970840business:SmallEntities2022-08-012023-07-31 6970840countries:EnglandWales2022-08-012023-07-31 6970840core:PlantMachinery2022-08-012023-07-31 6970840core:FurnitureFittings2022-08-012023-07-31 6970840core:ComputerEquipment2022-08-012023-07-31 69708402021-08-012022-07-31 iso4217:GBP xbrli:pure
Company Registration No. 6970840 (England and Wales)
Fine Hosiery Ltd Unaudited accounts for the year ended 31 July 2023
Fine Hosiery Ltd Unaudited accounts Contents
Page
- 2 -
Fine Hosiery Ltd Company Information for the year ended 31 July 2023
Director
Hershel Moskowitz
Company Number
6970840 (England and Wales)
Registered Office
63 Leadale Road London N16 6DG United Kingdom
- 3 -
Fine Hosiery Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
86,157 
65,955 
Current assets
Inventories
192,603 
135,439 
Debtors
582,390 
525,345 
Cash at bank and in hand
14,810 
18,849 
789,803 
679,633 
Creditors: amounts falling due within one year
(454,768)
(293,699)
Net current assets
335,035 
385,934 
Total assets less current liabilities
421,192 
451,889 
Creditors: amounts falling due after more than one year
(106,217)
(140,967)
Net assets
314,975 
310,922 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
313,975 
309,922 
Shareholders' funds
314,975 
310,922 
For the year ending 31 July 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 October 2024 and were signed on its behalf by
Hershel Moskowitz Director Company Registration No. 6970840
- 4 -
Fine Hosiery Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Fine Hosiery Ltd is a private company, limited by shares, registered in England and Wales, registration number 6970840. The registered office is 63 Leadale Road, London, N16 6DG, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance Basis
Fixtures & fittings
15% Reducing Balance Basis
Computer equipment
33% Reducing Balance Basis
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 August 2022
159,416 
Additions
23,332 
At 31 July 2023
182,748 
Depreciation
At 1 August 2022
93,461 
Charge for the year
3,130 
At 31 July 2023
96,591 
Net book value
At 31 July 2023
86,157 
At 31 July 2022
65,955 
5
Transactions with related parties
Included within debtors is an amount of £434,390 (2022: £17,440) due from a company with a director in common with this company. Included within creditors are amounts aggregating to £16,724 (2022: £28,774) owed to companies with a director in common with this company.
- 5 -
Fine Hosiery Ltd Notes to the Accounts for the year ended 31 July 2023
6
Average number of employees
During the year the average number of employees was 5 (2022: 5).
- 6 -