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Company Registration No. 07315164 (England and Wales)
Kustom Clothing (Hitchin) Limited Unaudited accounts for the year ended 31 July 2024
Kustom Clothing (Hitchin) Limited Unaudited accounts Contents
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Kustom Clothing (Hitchin) Limited Company Information for the year ended 31 July 2024
Directors
Jacqueline Lisa Bond Maria Bond Matthew George Bond Nicholas Andrew Bond
Company Number
07315164 (England and Wales)
Registered Office
51 Knowl Piece Wilbury Way Hitchin Hertfordshire SG4 0TY
Accountants
TOAS ACCOUNTING Limited First Floor 7 Viewpoint Office Village Babbage Road STEVENAGE Herts. SG1 2EQ
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Kustom Clothing (Hitchin) Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
533,120 
560,373 
Current assets
Inventories
50,000 
40,185 
Debtors
172,403 
214,751 
Cash at bank and in hand
129,981 
75,731 
352,384 
330,667 
Creditors: amounts falling due within one year
(316,595)
(312,319)
Net current assets
35,789 
18,348 
Total assets less current liabilities
568,909 
578,721 
Creditors: amounts falling due after more than one year
(185,051)
(248,590)
Net assets
383,858 
330,131 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
383,758 
330,031 
Shareholders' funds
383,858 
330,131 
For the year ending 31 July 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 7 April 2025 and were signed on its behalf by
Nicholas Andrew Bond Director Company Registration No. 07315164
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Kustom Clothing (Hitchin) Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Kustom Clothing (Hitchin) Limited is a private company, limited by shares, registered in England and Wales, registration number 07315164. The registered office is 51 Knowl Piece, Wilbury Way, Hitchin, Hertfordshire, SG4 0TY.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2023
310,000 
413,347 
3,583 
726,930 
Additions
- 
24,250 
- 
24,250 
At 31 July 2024
310,000 
437,597 
3,583 
751,180 
Depreciation
At 1 August 2023
39,338 
127,219 
- 
166,557 
Charge for the year
- 
51,503 
- 
51,503 
At 31 July 2024
39,338 
178,722 
- 
218,060 
Net book value
At 31 July 2024
270,662 
258,875 
3,583 
533,120 
At 31 July 2023
270,662 
286,128 
3,583 
560,373 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
172,403 
214,751 
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Kustom Clothing (Hitchin) Limited Notes to the Accounts for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
7,509 
- 
Trade creditors
298,059 
312,319 
Taxes and social security
11,027 
- 
316,595 
312,319 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
7,509 
30,800 
Obligations under finance leases and hire purchase contracts
15,546 
35,934 
Other creditors
161,996 
181,856 
185,051 
248,590 
8
Average number of employees
During the year the average number of employees was 19 (2023: 19).
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