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REGISTERED NUMBER: 02608639 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024

FOR

FASHION PERSONNEL LIMITED

FASHION PERSONNEL LIMITED (REGISTERED NUMBER: 02608639)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FASHION PERSONNEL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: R Tailor
H Doherty
K Morton





SECRETARY: R Tailor





REGISTERED OFFICE: 14 Bristol Gardens
London
W9 2JG





REGISTERED NUMBER: 02608639 (England and Wales)





AUDITORS: Sproull & Co.
Chartered Accountants
Statutory Auditors
First Floor, Jebsen House
53-61 High Street
Ruislip
Middlesex
HA4 7BD

FASHION PERSONNEL LIMITED (REGISTERED NUMBER: 02608639)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,409 1,948
Tangible assets 5 403 2,596
1,812 4,544

CURRENT ASSETS
Debtors 6 1,404,367 1,638,569
Cash at bank 389,690 151,297
1,794,057 1,789,866
CREDITORS
Amounts falling due within one year 7 586,581 554,434
NET CURRENT ASSETS 1,207,476 1,235,432
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,209,288

1,239,976

PROVISIONS FOR LIABILITIES 9 344 863
NET ASSETS 1,208,944 1,239,113

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,208,844 1,239,013
SHAREHOLDERS' FUNDS 1,208,944 1,239,113

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th January 2025 and were signed on its behalf by:





R Tailor - Director


FASHION PERSONNEL LIMITED (REGISTERED NUMBER: 02608639)

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


1. STATUTORY INFORMATION

Fashion Personnel 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.

The financial statements are prepared in sterling which is the functional currency of the company.

Related party exemption
The company has taken advantage of the exemption available in accordance with Financial Reporting Standards 102, Section 33.1A, 'Related Party Disclosures' not to disclose transactions entered and outstanding balances between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company recognises revenue when services are delivered.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

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 - 50% on reducing balance and 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


FASHION PERSONNEL LIMITED (REGISTERED NUMBER: 02608639)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 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.

Pension costs and other post-retirement benefits
The company contributes to personal pension schemes for its directors and employees. The assets of the schemes are held independently of the company by an insurance company. The amount charged to the profit and loss account is the contributions payable in the year.

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.

Interest income
Interest income is recognised in profit or loss using the effective interest method.

Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 146 (2023 - 153 ) .

FASHION PERSONNEL LIMITED (REGISTERED NUMBER: 02608639)

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


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st July 2023
and 30th June 2024 2,150
AMORTISATION
At 1st July 2023 202
Charge for year 539
At 30th June 2024 741
NET BOOK VALUE
At 30th June 2024 1,409
At 30th June 2023 1,948

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st July 2023
and 30th June 2024 12,656
DEPRECIATION
At 1st July 2023 10,060
Charge for year 2,193
At 30th June 2024 12,253
NET BOOK VALUE
At 30th June 2024 403
At 30th June 2023 2,596

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 643,654 563,137
Amounts owed by group undertakings 706,885 1,015,088
Other debtors 53,828 60,344
1,404,367 1,638,569

FASHION PERSONNEL LIMITED (REGISTERED NUMBER: 02608639)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

The amounts owed by group undertakings are interest-free, unsecured and repayable on demand.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 22,250 23,827
Taxation and social security 296,613 357,783
Other creditors 267,718 172,824
586,581 554,434

8. LEASING AGREEMENTS
The total amount of financial commitments under non-cancellable operating leases, not included in the balance sheet, is £94,800 (2023 - £94,800).

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Deferred tax 863 896
Deferred taxation movement (519 ) (33 )
344 863

Deferred
tax
£   
Balance at 1st July 2023 863
Provided during year (519 )
Balance at 30th June 2024 344

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michelle Wickwar (Senior Statutory Auditor)
for and on behalf of Sproull & Co.

FASHION PERSONNEL LIMITED (REGISTERED NUMBER: 02608639)

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


11. PARENT AND ULTIMATE CONTROLLING PARTY

The company's parent company is Retail Human Resources Limited, a company incorporated in England and Wales.

The registered office and principal place of business of Retail Human Resources Limited is 14 Bristol Gardens, Little Venice, London, W9 2JG.

The ultimate controlling party is RHR Trustees Limited.