Company Registration No. 11187273 (England and Wales)
CUT LABEL APPAREL LTD
Unaudited accounts
for the year ended 29 February 2024
CUT LABEL APPAREL LTD
Unaudited accounts
Contents
CUT LABEL APPAREL LTD
Company Information
for the year ended 29 February 2024
Company Number
11187273 (England and Wales)
Registered Office
UNIT 22 VICARAGE FIELD
RIPPLE ROAD
BARKING
ESSEX
IG11 8DH
UNITED KINGDOM
Accountants
Booksmartservices Ltd
28-42 Clements Road
Ilford
Essex
IG1 1BA
CUT LABEL APPAREL LTD
Statement of financial position
as at 29 February 2024
Tangible assets
54,173
5,000
Inventories
124,850
142,338
Cash at bank and in hand
1,270
4,064
Creditors: amounts falling due within one year
(156,020)
(173,876)
Net current assets
25,404
32,460
Total assets less current liabilities
79,577
37,460
Creditors: amounts falling due after more than one year
(62,356)
(19,926)
Called up share capital
100
100
Profit and loss account
17,121
17,434
Shareholders' funds
17,221
17,534
For the year ending 29 February 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 26 November 2024 and were signed on its behalf by
Tayeeba Mobeen
Director
Company Registration No. 11187273
CUT LABEL APPAREL LTD
Notes to the Accounts
for the year ended 29 February 2024
CUT LABEL APPAREL LTD is a private company, limited by shares, registered in England and Wales, registration number 11187273. The registered office is UNIT 22 VICARAGE FIELD, RIPPLE ROAD, BARKING, ESSEX, IG11 8DH, 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.
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.
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:
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Turnover is recognised excluding discounts, rebates and value added tax. Turnover from the sale of goods is recognised when goods have been sold to customers.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 March 2023
-
40,000
40,000
At 29 February 2024
72,231
40,000
112,231
At 1 March 2023
-
35,000
35,000
Charge for the year
18,058
5,000
23,058
At 29 February 2024
18,058
40,000
58,058
At 29 February 2024
54,173
-
54,173
At 28 February 2023
-
5,000
5,000
CUT LABEL APPAREL LTD
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Other debtors
47,633
47,633
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
11,935
11,935
Trade creditors
68,255
101,979
Taxes and social security
6,073
8,479
Other creditors
32,697
11,693
Loans from directors
30,091
37,758
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
53,558
-
8
Average number of employees
During the year the average number of employees was 13 (2023: 14).