CLOTHING CORNER LTD

Company Registration Number:
13724119 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 01 November 2023

End date: 31 October 2024

CLOTHING CORNER LTD

Contents of the Financial Statements

for the Period Ended 31 October 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

CLOTHING CORNER LTD

Company Information

for the Period Ended 31 October 2024




Director: PRITHPAL SINGH GORE
RAJPAL SINGH GORE
Registered office: 9
Stoughton Road
Oadby
Leicester
Leicestershire
England
LE2 4DS
Company Registration Number: 13724119 (England and Wales)

CLOTHING CORNER LTD

Directors' Report Period Ended 31 October 2024

The directors present their report with the financial statements of the company for the period ended 31 October 2024

Directors

The directors shown below have held office during the whole of the period from 01 November 2023 to 31 October 2024
PRITHPAL SINGH GORE
RAJPAL SINGH GORE

This report was approved by the board of directors on 22 February 2025
And Signed On Behalf Of The Board By:

Name: PRITHPAL SINGH GORE
Status: Director

CLOTHING CORNER LTD

Profit and Loss Account

for the Period Ended 31 October 2024


Notes

2024
£

2023
£
Turnover 5,433 55,495
Cost of sales ( 4,052 ) ( 30,468 )
Gross Profit or (Loss) 1,381 25,027
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 1,947 ) ( 8,743 )
Administrative Expenses ( 5,081 ) ( 14,582 )
Other operating income 0 0
Operating Profit or (Loss) ( 5,647 ) 1,702
Interest Receivable and Similar Income 0 0
Interest Payable and Similar Charges ( 0 ) ( 0 )
Profit or (Loss) Before Tax ( 5,647 ) 1,702
Tax on Profit ( 0 ) ( 324 )
Profit or (Loss) for Period ( 5,647 ) 1,378

The notes form part of these financial statements

CLOTHING CORNER LTD

Balance sheet

As at 31 October 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 18
Total fixed assets: 18
Current assets
Stocks: 2,500 4,200
Cash at bank and in hand: 0 4,344
Total current assets: 2,500 8,544
Creditors: amounts falling due within one year: 5 ( 72 ) ( 4,660 )
Net current assets (liabilities): 2,428 3,884
Total assets less current liabilities: 2,446 3,884
Creditors: amounts falling due after more than one year: 6 ( 7,993 ) ( 0 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): ( 5,547 ) 3,884

The notes form part of these financial statements

CLOTHING CORNER LTD

Balance sheet continued

As at 31 October 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: ( 5,647 ) 3,784
Shareholders funds: ( 5,547 ) 3,884

For the year ending 31 October 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 22 February 2025
And Signed On Behalf Of The Board By:

Name: PRITHPAL SINGH GORE
Status: Director

The notes form part of these financial statements

CLOTHING CORNER LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

CLOTHING CORNER LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 2 2

CLOTHING CORNER LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 3. Off balance sheet disclosure

    No

CLOTHING CORNER LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Tangible assets

Office equipment Total
Cost £ £
At 01 November 2023 0 0
Additions 18 18
Disposals ( 0 ) ( 0 )
Revaluations 0 0
Transfers 0 0
At 31 October 2024 18 18
Depreciation
At 01 November 2023 0 0
Charge for year 0 0
On disposals ( 0 ) ( 0 )
Other adjustments 0 0
At 31 October 2024 0 0
Net book value
At 31 October 2024 18 18
At 31 October 2023 0 0

the tangible asset is a headset used within the business for zoom calls

CLOTHING CORNER LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

5.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 72 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 2,336
Taxation and social security 0 324
Accruals and deferred income 0 0
Other creditors 0 2,000
Total 72 4,660

CLOTHING CORNER LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

6.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 7,993 0
Total 7,993 0

this is made up of £4336 owed to creditors from the previous accounting period and also £3657 owed to directors, which was put in as capital thorughout this accounting period