1 March 2023 false No description of principal activity Taxfiler 2024.6 13175027business:PrivateLimitedCompanyLtd2023-03-012024-08-31 131750272023-02-28 131750272023-03-012024-08-31 13175027business:AuditExempt-NoAccountantsReport2023-03-012024-08-31 13175027business:FilletedAccounts2023-03-012024-08-31 131750272024-08-31 131750272023-02-28 13175027core:WithinOneYear2024-08-31 13175027core:WithinOneYear2023-02-28 13175027core:AfterOneYear2024-08-31 13175027core:AfterOneYear2023-02-28 13175027core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 13175027core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 13175027core:SharePremiumcore:PreviouslyStatedAmount2024-08-31 13175027core:SharePremiumcore:PreviouslyStatedAmount2023-02-28 13175027core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 13175027core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 13175027core:PreviouslyStatedAmount2024-08-31 13175027core:PreviouslyStatedAmount2023-02-28 13175027business:SmallEntities2023-03-012024-08-31 13175027business:Director22023-03-012024-08-31 13175027countries:EnglandWales2023-03-012024-08-31 13175027business:RegisteredOffice2023-03-012024-08-31 13175027core:PlantMachinery2023-03-012024-08-31 13175027core:PlantMachinery2023-02-28 13175027core:PlantMachinery2024-08-31 131750272022-03-012023-02-28 iso4217:GBP xbrli:pure
REWORKED CLOTHING LTD Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
25,518 
- 
Current assets
Debtors
128,995 
- 
Cash at bank and in hand
263 
- 
129,258 
- 
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)
Capital and reserves
Called up share capital
100 
100 
Share premium
200,000 
- 
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
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REWORKED CLOTHING LTD Notes to the Accounts for the period from 1 March 2023 to 31 August 2024
1
Statutory information
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.
3
Accounting policies
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.
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
25%
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2023
- 
Additions
41,175 
At 31 August 2024
41,175 
Depreciation
Charge for the period
15,657 
At 31 August 2024
15,657 
Net book value
At 31 August 2024
25,518 
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REWORKED CLOTHING LTD Notes to the Accounts for the period from 1 March 2023 to 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
69,365 
- 
Other debtors
59,630 
- 
128,995 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,965 
- 
VAT
19,588 
- 
Trade creditors
1,971 
145 
Taxes and social security
89,970 
- 
Other creditors
37,427 
(100)
154,921 
45 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
59,650 
- 
8
Average number of employees
During the period the average number of employees was 0 (2023: 0).
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