Company Registration No. 05278917 (England and Wales)
Urban Footwear Limited
Unaudited accounts
for the year ended 31 May 2024
Urban Footwear Limited
Unaudited accounts
Contents
Urban Footwear Limited
Company Information
for the year ended 31 May 2024
Directors
Meher Kakalia
Clemens Grafe
Company Number
05278917 (England and Wales)
Registered Office
Glencoe Mansions 6
Mowll Street
London
SW9 0ER
Accountants
Steffanie Hartley
9A Tufton Street
London
SW1P 3QB
Urban Footwear Limited
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
6,906
20,889
Creditors: amounts falling due within one year
(14,477)
(21,450)
Net current (liabilities)/assets
(3,015)
7,954
Net (liabilities)/assets
(3,015)
7,954
Called up share capital
20
20
Profit and loss account
(3,035)
7,934
Shareholders' funds
(3,015)
7,954
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 21 February 2025 and were signed on its behalf by
Meher Kakalia
Director
Company Registration No. 05278917
Urban Footwear Limited
Notes to the Accounts
for the year ended 31 May 2024
Urban Footwear Limited is a private company, limited by shares, registered in England and Wales, registration number 05278917. The registered office is Glencoe Mansions 6, Mowll Street, London, SW9 0ER.
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.
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.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT, of goods provided to customers. There was no trade in this financial year though some payments are being sought from customers.
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.
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Stock has been revalued to £nil this year as it is old lines that are unlikely to be sold.
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:
Plant & machinery
3 years for bicycle
Computer equipment
3 years
Urban Footwear Limited
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2023
563
2,327
2,890
At 31 May 2024
563
2,327
2,890
At 1 June 2023
563
2,327
2,890
At 31 May 2024
563
2,327
2,890
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Other creditors
11,868
18,978
Loans from directors
2,244
1,946
Allotted, called up and fully paid:
20 Ordinary shares of £1 each
20
20
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).