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REGISTERED NUMBER: 11923362 (England and Wales)












Financial Statements

for the Year Ended 30th April 2024

for

REWEAR LIMITED

REWEAR LIMITED (REGISTERED NUMBER: 11923362)

Contents of the Financial Statements
for the year ended 30th April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REWEAR LIMITED

Company Information
for the year ended 30th April 2024







DIRECTORS: Miss J Warnes
R N Lean





REGISTERED OFFICE: 1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR





REGISTERED NUMBER: 11923362 (England and Wales)





ACCOUNTANTS: Attenboroughs (Accountants) Limited
Chartered Certified Accountants
1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR

REWEAR LIMITED (REGISTERED NUMBER: 11923362)

Balance Sheet
30th April 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,925 6,386

CURRENT ASSETS
Stocks 28,050 28,050
Debtors 5 2,398 846
Cash at bank 10,359 19,667
40,807 48,563
CREDITORS
Amounts falling due within one year 6 33,374 7,787
NET CURRENT ASSETS 7,433 40,776
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,358

47,162

PROVISIONS FOR LIABILITIES 1,506 1,213
NET ASSETS 13,852 45,949

CAPITAL AND RESERVES
Called up share capital 7 10 10
Retained earnings 13,842 45,939
SHAREHOLDERS' FUNDS 13,852 45,949

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

REWEAR LIMITED (REGISTERED NUMBER: 11923362)

Balance Sheet - continued
30th April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th January 2025 and were signed on its behalf by:





Miss J Warnes - Director


REWEAR LIMITED (REGISTERED NUMBER: 11923362)

Notes to the Financial Statements
for the year ended 30th April 2024


1. STATUTORY INFORMATION

Rewear Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

REWEAR LIMITED (REGISTERED NUMBER: 11923362)

Notes to the Financial Statements - continued
for the year ended 30th April 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st May 2023 650 5,827 9,129 15,606
Additions - 4,244 526 4,770
At 30th April 2024 650 10,071 9,655 20,376
DEPRECIATION
At 1st May 2023 486 1,434 7,300 9,220
Charge for year 111 2,015 1,105 3,231
At 30th April 2024 597 3,449 8,405 12,451
NET BOOK VALUE
At 30th April 2024 53 6,622 1,250 7,925
At 30th April 2023 164 4,393 1,829 6,386

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Tax 2,398 -
VAT - 846
2,398 846

REWEAR LIMITED (REGISTERED NUMBER: 11923362)

Notes to the Financial Statements - continued
for the year ended 30th April 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Tax - 2,115
Social security and other taxes 368 68
VAT 4,862 -
Net wages 3,428 2,592
Directors' current accounts 23,141 1,512
Accrued expenses 1,575 1,500
33,374 7,787

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/4/24 30/4/23
value: £    £   
10 Ordinary £1 10 10

8. ULTIMATE CONTROLLING PARTY

The company is under the control of its directors.