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Company Registration No. 15034071 (England and Wales)
Tailoring Investments Ltd Unaudited accounts for the year ended 31 October 2024
Tailoring Investments Ltd Unaudited accounts Contents
Page
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Tailoring Investments Ltd Company Information for the year ended 31 October 2024
Director
J. Grantham
Company Number
15034071 (England and Wales)
Registered Office
57 Weymouth Street London London W1G 8NP England
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Tailoring Investments Ltd Statement of financial position as at 31 October 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
72,317 
Current assets
Inventories
391,864 
Debtors
235,846 
Cash at bank and in hand
53,585 
681,295 
Creditors: amounts falling due within one year
(515,917)
Net current assets
165,378 
Net assets
237,695 
Capital and reserves
Profit and loss account
237,695 
Shareholders' funds
237,695 
For the year ending 31 October 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 his 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 10 January 2024 and were signed on its behalf by
J. Grantham Director Company Registration No. 15034071
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Tailoring Investments Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Tailoring Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 15034071. The registered office is 57 Weymouth Street, London, London, W1G 8NP, 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
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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:
Land & buildings
up to 15 years
Fixtures & fittings
5 years
Computer equipment
3 years
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tailoring Investments Ltd Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2023
- 
- 
- 
- 
Additions
52,301 
22,517 
6,957 
81,775 
At 31 October 2024
52,301 
22,517 
6,957 
81,775 
Depreciation
Charge for the year
3,164 
5,309 
985 
9,458 
At 31 October 2024
3,164 
5,309 
985 
9,458 
Net book value
At 31 October 2024
49,137 
17,208 
5,972 
72,317 
5
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
30,178 
Accrued income and prepayments
142,491 
Other debtors
63,177 
235,846 
6
Creditors: amounts falling due within one year
2024 
£ 
Bank loans and overdrafts
43,974 
VAT
55,592 
Trade creditors
318,600 
Taxes and social security
97,751 
515,917 
7
Average number of employees
During the year the average number of employees was 5.
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