REWORKED CLOTHING LTD
Statement of financial position
as at 31 August 2024
Cash at bank and in hand
263
-
Creditors: amounts falling due within one year
(154,921)
(45)
Net current liabilities
(25,663)
(45)
Total assets less current liabilities
(145)
(45)
Creditors: amounts falling due after more than one year
(59,650)
-
Net liabilities
(59,795)
(45)
Called up share capital
100
100
Profit and loss account
(259,895)
(145)
Shareholders' funds
(59,795)
(45)
For the period ending 31 August 2024 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 27 March 2024 and were signed on its behalf by
Charlotte Fisher
Director
Company Registration No. 13175027
REWORKED CLOTHING LTD
Notes to the Accounts
for the period from 1 March 2023 to 31 August 2024
REWORKED CLOTHING LTD is a private company, limited by shares, registered in England and Wales, registration number 13175027. The registered office is 16 LEAFY WAY, HUTTON, BRENTWOOD, CM13 2QW, ENGLAND.
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.
These financial statements for the period from 1 March 2023 to 31 August 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
4
Tangible fixed assets
Plant & machinery
Charge for the period
15,657
REWORKED CLOTHING LTD
Notes to the Accounts
for the period from 1 March 2023 to 31 August 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,965
-
Taxes and social security
89,970
-
Other creditors
37,427
(100)
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the period the average number of employees was 0 (2023: 0).