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REGISTERED NUMBER: 10781313 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Workwear Nation Limited

Workwear Nation Limited (Registered number: 10781313)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Workwear Nation Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mrs D L Cresswell
A Cresswell





REGISTERED OFFICE: Unit 11, Valley Court
Sanderson Way
Middlewich
Cheshire
CW10 0GF





REGISTERED NUMBER: 10781313 (England and Wales)





ACCOUNTANTS: Stanley Joseph Limited
Chartered Accountants
Suite 1
Liberty House
South Liberty Lane
Bristol
BS3 2ST

Workwear Nation Limited (Registered number: 10781313)

Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,452 22,169

CURRENT ASSETS
Stocks 5 78,000 146,500
Debtors 6 346,426 119,065
Cash at bank and in hand 116,014 186,970
540,440 452,535
CREDITORS
Amounts falling due within one year 7 233,055 221,009
NET CURRENT ASSETS 307,385 231,526
TOTAL ASSETS LESS CURRENT
LIABILITIES

327,837

253,695

CREDITORS
Amounts falling due after more than one
year

8

(10,000

)

(19,200

)

PROVISIONS FOR LIABILITIES (5,113 ) (4,403 )
NET ASSETS 312,724 230,092

Workwear Nation Limited (Registered number: 10781313)

Statement of Financial Position - continued
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 312,624 229,992
SHAREHOLDERS' FUNDS 312,724 230,092

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 11 March 2025 and were signed on its behalf by:





A Cresswell - Director


Workwear Nation Limited (Registered number: 10781313)

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

1. STATUTORY INFORMATION

Workwear Nation Limited 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 represents the amounts receivable, excluding VAT and trade discounts, by the company for goods and services provided during the year. All transactions arose in the United Kingdom.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.


Workwear Nation Limited (Registered number: 10781313)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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 statement of financial position 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 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 June 2023 4,348 18,415 9,840 32,603
Additions - - 1,790 1,790
At 31 May 2024 4,348 18,415 11,630 34,393
DEPRECIATION
At 1 June 2023 871 7,034 2,529 10,434
Charge for year 521 1,707 1,279 3,507
At 31 May 2024 1,392 8,741 3,808 13,941
NET BOOK VALUE
At 31 May 2024 2,956 9,674 7,822 20,452
At 31 May 2023 3,477 11,381 7,311 22,169

Workwear Nation Limited (Registered number: 10781313)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. STOCKS
31.5.24 31.5.23
£    £   
Finished goods 78,000 146,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 203,050 18,679
Other debtors 100,000 100,000
VAT 41,985 267
Prepayments and accrued income 1,391 119
346,426 119,065

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 10,000 10,800
Trade creditors 137,492 129,638
Tax 72,550 31,547
Social security and other taxes 70 200
Other creditors 139 45,277
Directors' current accounts 193 817
Accrued expenses 12,611 2,730
233,055 221,009

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans - 2-5 years 10,000 19,200

Workwear Nation Limited (Registered number: 10781313)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

9. RELATED PARTY DISCLOSURES

Mr A & Mrs D Cresswell
Directors
2024 2023

Dividends 132,100 150,000

Capital introduced - 600

Capital withdrawn 624 -

At the balance sheet date the amount owed to the directors was £193 (2023 - £817).