IRIS Accounts Production v24.3.2.46 13345175 director 1.5.23 30.4.24 30.4.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh133451752023-04-30133451752024-04-30133451752023-05-012024-04-30133451752022-04-30133451752022-05-012023-04-30133451752023-04-3013345175ns15:EnglandWales2023-05-012024-04-3013345175ns14:PoundSterling2023-05-012024-04-3013345175ns10:Director12023-05-012024-04-3013345175ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3013345175ns10:SmallEntities2023-05-012024-04-3013345175ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3013345175ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3013345175ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3013345175ns10:FullAccounts2023-05-012024-04-3013345175ns10:OrdinaryShareClass12023-05-012024-04-3013345175ns10:RegisteredOffice2023-05-012024-04-3013345175ns5:CurrentFinancialInstruments2024-04-3013345175ns5:CurrentFinancialInstruments2023-04-3013345175ns5:Non-currentFinancialInstruments2024-04-3013345175ns5:Non-currentFinancialInstruments2023-04-3013345175ns5:ShareCapital2024-04-3013345175ns5:ShareCapital2023-04-3013345175ns5:RetainedEarningsAccumulatedLosses2024-04-3013345175ns5:RetainedEarningsAccumulatedLosses2023-04-3013345175ns5:PlantMachinery2023-05-012024-04-3013345175ns5:FurnitureFittings2023-05-012024-04-3013345175ns5:ComputerEquipment2023-05-012024-04-3013345175ns5:LeaseholdImprovements2023-04-3013345175ns5:PlantMachinery2023-04-3013345175ns5:FurnitureFittings2023-04-3013345175ns5:ComputerEquipment2023-04-3013345175ns5:LeaseholdImprovements2023-05-012024-04-3013345175ns5:LeaseholdImprovements2024-04-3013345175ns5:PlantMachinery2024-04-3013345175ns5:FurnitureFittings2024-04-3013345175ns5:ComputerEquipment2024-04-3013345175ns5:LeaseholdImprovements2023-04-3013345175ns5:PlantMachinery2023-04-3013345175ns5:FurnitureFittings2023-04-3013345175ns5:ComputerEquipment2023-04-3013345175ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3013345175ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3013345175ns5:WithinOneYear2024-04-3013345175ns5:WithinOneYear2023-04-3013345175ns5:DeferredTaxation2023-04-3013345175ns5:DeferredTaxation2023-05-012024-04-3013345175ns5:DeferredTaxation2024-04-3013345175ns10:OrdinaryShareClass12024-04-3013345175ns5:RetainedEarningsAccumulatedLosses2023-04-3013345175ns5:RetainedEarningsAccumulatedLosses2023-05-012024-04-30133451751ns10:Director12023-04-30133451751ns10:Director12022-04-30133451751ns10:Director12023-05-012024-04-30133451751ns10:Director12022-05-012023-04-30133451751ns10:Director12024-04-30133451751ns10:Director12023-04-30
REGISTERED NUMBER: 13345175 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

SEW HOT LTD

SEW HOT LTD (REGISTERED NUMBER: 13345175)

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


SEW HOT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTOR: Mrs R Z Wright





REGISTERED OFFICE: 17 Moor Park Avenue
Preston
Lancashire
PR1 6AS





REGISTERED NUMBER: 13345175 (England and Wales)





ACCOUNTANTS: SBCA Chartered Accountants
17 Moor Park Avenue
Preston
Lancashire
PR1 6AS

SEW HOT LTD (REGISTERED NUMBER: 13345175)

BALANCE SHEET
30TH APRIL 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 23,475 38,924

CURRENT ASSETS
Stocks 5 774,682 783,501
Debtors 6 26,626 30,828
Cash at bank 2,934 78,759
804,242 893,088
CREDITORS
Amounts falling due within one year 7 (126,853 ) (269,833 )
NET CURRENT ASSETS 677,389 623,255
TOTAL ASSETS LESS CURRENT LIABILITIES 700,864 662,179

CREDITORS
Amounts falling due after more than
one year

8

(732,406

)

(659,558

)

PROVISIONS FOR LIABILITIES 10 (3,348 ) (1,626 )
NET (LIABILITIES)/ASSETS (34,890 ) 995

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 (34,990 ) 895
SHAREHOLDERS' FUNDS (34,890 ) 995

SEW HOT LTD (REGISTERED NUMBER: 13345175)

BALANCE SHEET - continued
30TH APRIL 2024


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 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12th December 2024 and were signed by:





Mrs R Z Wright - Director


SEW HOT LTD (REGISTERED NUMBER: 13345175)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024


1. STATUTORY INFORMATION

Sew Hot Ltd 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 - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% 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.

SEW HOT LTD (REGISTERED NUMBER: 13345175)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Basic financial assets:
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future cash flows discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities:
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities:
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future cash flows discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if the payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


SEW HOT LTD (REGISTERED NUMBER: 13345175)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


2. ACCOUNTING POLICIES - continued
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.

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 9 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1st May 2023
and 30th April 2024 2,623 18,130 28,673 14,963 64,389
DEPRECIATION
At 1st May 2023 - 8,227 10,583 6,655 25,465
Charge for year - 4,537 7,168 3,744 15,449
At 30th April 2024 - 12,764 17,751 10,399 40,914
NET BOOK VALUE
At 30th April 2024 2,623 5,366 10,922 4,564 23,475
At 30th April 2023 2,623 9,903 18,090 8,308 38,924

SEW HOT LTD (REGISTERED NUMBER: 13345175)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


5. STOCKS
30.4.24 30.4.23
£    £   
Stocks 774,682 783,501

6. DEBTORS
30.4.24 30.4.23
£    £   
Amounts falling due within one year:
Trade debtors 4,569 417
Other debtors 14,363 25,631
18,932 26,048

Amounts falling due after more than one year:
Amounts owed by group undertakings 7,694 4,780

Aggregate amounts 26,626 30,828

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 64,541 64,434
Taxation and social security 5,473 2,592
Other creditors 56,839 202,807
126,853 269,833

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Amounts owed to group undertakings 732,406 659,558

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.4.24 30.4.23
£    £   
Within one year - 330

SEW HOT LTD (REGISTERED NUMBER: 13345175)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


10. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 3,348 1,626

Deferred
tax
£   
Balance at 1st May 2023 1,626
Charge to Statement of Income and Retained Earnings during
year

1,722
Balance at 30th April 2024 3,348

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Retained
earnings
£   

At 1st May 2023 895
Deficit for the year (35,885 )
At 30th April 2024 (34,990 )

SEW HOT LTD (REGISTERED NUMBER: 13345175)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th April 2024 and 30th April 2023:

30.4.24 30.4.23
£    £   
Mrs R Z Wright
Balance outstanding at start of year 5,351 11,229
Amounts advanced 2,705 4,663
Amounts repaid (1,327 ) (10,541 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,729 5,351

At the balance sheet date amounts owed from directors amounted to £6,729. Amounts are repayable on demand. The maximum amount owed during the year was £7,218.

14. RELATED PARTY DISCLOSURES

Included within the intercompany balances at the balance sheet date is £732,406 owed to R&I Wright Ltd (2023; £659,558), and £7,694 (2023; £4,780) owed from Wasserman & Wright Ltd. The balances are interest free with any remainder repayable on demand.

15. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Wasserman & Wright Ltd. The registered office address is 17 Moor Park Avenue, Preston, England, PR1 6AS.