To Be Continued Clothing Ltd 13391690 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is Retail sale of clothing in specialised stores. Digita Accounts Production Advanced 6.30.9574.0 true true 13391690 2023-06-01 2024-05-31 13391690 2024-05-31 13391690 core:CurrentFinancialInstruments 2024-05-31 13391690 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 13391690 core:PatentsTrademarksLicencesConcessionsSimilar 2024-05-31 13391690 bus:SmallEntities 2023-06-01 2024-05-31 13391690 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 13391690 bus:FilletedAccounts 2023-06-01 2024-05-31 13391690 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 13391690 bus:RegisteredOffice 2023-06-01 2024-05-31 13391690 bus:Director1 2023-06-01 2024-05-31 13391690 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 13391690 core:PatentsTrademarksLicencesConcessionsSimilar 2023-06-01 2024-05-31 13391690 countries:EnglandWales 2023-06-01 2024-05-31 13391690 2023-05-31 13391690 core:PatentsTrademarksLicencesConcessionsSimilar 2023-05-31 13391690 2022-06-01 2023-05-31 13391690 2023-05-31 13391690 core:CurrentFinancialInstruments 2023-05-31 13391690 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 13391690 core:PatentsTrademarksLicencesConcessionsSimilar 2023-05-31 iso4217:GBP xbrli:pure

Registration number: 13391690

To Be Continued Clothing Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

To Be Continued Clothing Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

To Be Continued Clothing Ltd

(Registration number: 13391690)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

9,513

10,766

Current assets

 

Debtors

5

828

14

Creditors: Amounts falling due within one year

6

(110,734)

(97,831)

Net current liabilities

 

(109,906)

(97,817)

Net liabilities

 

(100,393)

(87,051)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(100,493)

(87,151)

Shareholders' deficit

 

(100,393)

(87,051)

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 February 2025 and signed on its behalf by:
 

.........................................
Mr C D McPhail
Director

 

To Be Continued Clothing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
31A Charnham Street
Hungerford
Berkshire
RG17 0EJ
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. This is still considered appropriate since although the company has net liabilities as at 31 May 2024, the company will continue to be supported by the directors and a connected company.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Trademarks

10% Straight line

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

 

To Be Continued Clothing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Intangible assets

Trademarks, patents and licenses
 £

Total
£

Cost or valuation

At 1 June 2023

12,523

12,523

At 31 May 2024

12,523

12,523

Amortisation

At 1 June 2023

1,758

1,758

Amortisation charge

1,252

1,252

At 31 May 2024

3,010

3,010

Carrying amount

At 31 May 2024

9,513

9,513

At 31 May 2023

10,766

10,766

 

To Be Continued Clothing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

5

Debtors

Current

2024
£

2023
£

Other debtors

828

14

 

828

14

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

405

97

Taxation and social security

106,850

94,490

Other creditors

3,479

3,244

110,734

97,831

7

Related party transactions

Other transactions with directors

The company had a loan with the directors. At the balance sheet date the company owed the directors £1,904 (2023 - £1,189).