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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
Page
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CUT LABEL APPAREL LTD Company Information for the year ended 29 February 2024
Director
Tayeeba Mobeen
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
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CUT LABEL APPAREL LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
54,173 
5,000 
Current assets
Inventories
124,850 
142,338 
Debtors
55,304 
59,934 
Cash at bank and in hand
1,270 
4,064 
181,424 
206,336 
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)
Net assets
17,221 
17,534 
Capital and reserves
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
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CUT LABEL APPAREL LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
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:
Fixtures & fittings
25%
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Turnover
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 
Additions
72,231 
- 
72,231 
At 29 February 2024
72,231 
40,000 
112,231 
Depreciation
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 
Net book value
At 29 February 2024
54,173 
- 
54,173 
At 28 February 2023
- 
5,000 
5,000 
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CUT LABEL APPAREL LTD Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
18 
20 
Trade debtors
2,653 
7,281 
Other debtors
47,633 
47,633 
50,304 
54,934 
Amounts falling due after more than one year
Other debtors
5,000 
5,000 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
11,935 
11,935 
VAT
5,519 
607 
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 
Accruals
1,450 
1,425 
156,020 
173,876 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,798 
19,926 
Obligations under finance leases and hire purchase contracts
53,558 
- 
62,356 
19,926 
8
Average number of employees
During the year the average number of employees was 13 (2023: 14).
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