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REGISTERED NUMBER: 08548678 (England and Wales)


















Unaudited Financial Statements for the Year Ended 30 April 2024

for

The Footwear and Accessories Collective
Limited

The Footwear and Accessories Collective
Limited (Registered number: 08548678)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


The Footwear and Accessories Collective
Limited (Registered number: 08548678)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,125 3,317

CURRENT ASSETS
Stocks 540,469 700,068
Debtors 5 159,207 293,264
Cash at bank and in hand 384,629 479,294
1,084,305 1,472,626
CREDITORS
Amounts falling due within one year 6 (394,792 ) (493,345 )
NET CURRENT ASSETS 689,513 979,281
TOTAL ASSETS LESS CURRENT
LIABILITIES

692,638

982,598

CREDITORS
Amounts falling due after more than one year 7 (54,166 ) (104,167 )
NET ASSETS 638,472 878,431

CAPITAL AND RESERVES
Called up share capital 163,320 163,320
Retained earnings 475,152 715,111
638,472 878,431

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

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

The director acknowledges her 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.

The Footwear and Accessories Collective
Limited (Registered number: 08548678)

Balance Sheet - continued
30 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 December 2024 and were signed by:





Miss C L Burrows - Director


The Footwear and Accessories Collective
Limited (Registered number: 08548678)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

The Footwear and Accessories Collective Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08548678

Registered office: Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR

2. ACCOUNTING POLICIES

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

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Inventories have been valued at the lower of cost and estimated selling price less costs to sell

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

Current 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.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 11 (2023 - 9 ) .

The Footwear and Accessories Collective
Limited (Registered number: 08548678)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 10,365
Additions 1,698
At 30 April 2024 12,063
DEPRECIATION
At 1 May 2023 7,048
Charge for year 1,890
At 30 April 2024 8,938
NET BOOK VALUE
At 30 April 2024 3,125
At 30 April 2023 3,317

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 52,220 97,615
Amounts owed by group undertakings 61,982 30,719
Other debtors 45,005 164,930
159,207 293,264

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 50,000 50,000
Trade creditors 142,061 161,425
Taxation and social security 78,505 117,494
Other creditors 124,226 164,426
394,792 493,345

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 54,166 104,167

The Footwear and Accessories Collective
Limited (Registered number: 08548678)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. OTHER FINANCIAL COMMITMENTS

The total financial commitments was £34,335. (2023: £46,509).

9. ULTIMATE CONTROLLING PARTY

Air and Grace Collective Limited (incorporated in England and Wales) is regarded by the director as being the company's ultimate parent company. The company's registered number is 09077500 and registered office address is Treviot House, 186-192 High Road, Ilford, Essex, IG1 1LR.