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REGISTERED NUMBER: 09581077















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

RETRO ACTIVEWEAR LIMITED

RETRO ACTIVEWEAR LIMITED (REGISTERED NUMBER: 09581077)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

RETRO ACTIVEWEAR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: G Ridley





SECRETARY:





REGISTERED OFFICE: Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB





REGISTERED NUMBER: 09581077





ACCOUNTANTS: Tish Press & Company
Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB

RETRO ACTIVEWEAR LIMITED (REGISTERED NUMBER: 09581077)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 4,500 4,500
Tangible assets 5 535,510 436,543
540,010 441,043

CURRENT ASSETS
Stocks 13,117 13,450
Debtors 6 303,594 304,788
Cash at bank and in hand 18,882 85,512
335,593 403,750
CREDITORS
Amounts falling due within one year 7 574,067 533,499
NET CURRENT LIABILITIES (238,474 ) (129,749 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

301,536

311,294

CREDITORS
Amounts falling due after more than one
year

8

17,500

27,500
NET ASSETS 284,036 283,794

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 283,836 283,594
SHAREHOLDERS' FUNDS 284,036 283,794

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

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

The director acknowledges his 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.

RETRO ACTIVEWEAR LIMITED (REGISTERED NUMBER: 09581077)

BALANCE SHEET - continued
31 AUGUST 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 May 2025 and were signed by:





G Ridley - Director


RETRO ACTIVEWEAR LIMITED (REGISTERED NUMBER: 09581077)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Retro Activewear Limited is a private company, limited by shares , registered in Not specified/Other. 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 as modified by the revaluation of certain assets.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 Income Statement, 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.

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 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.

RETRO ACTIVEWEAR LIMITED (REGISTERED NUMBER: 09581077)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST OR VALUATION
At 1 September 2023
and 31 August 2024 4,500
NET BOOK VALUE
At 31 August 2024 4,500
At 31 August 2023 4,500

Cost or valuation at 31 August 2024 is represented by:

Goodwill
£   
Valuation in 2024 4,500

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 September 2023 138,943 531,265 53,647 723,855
Additions - 134,983 2,504 137,487
At 31 August 2024 138,943 666,248 56,151 861,342
DEPRECIATION
At 1 September 2023 - 248,580 38,732 287,312
Charge for year - 30,875 7,645 38,520
At 31 August 2024 - 279,455 46,377 325,832
NET BOOK VALUE
At 31 August 2024 138,943 386,793 9,774 535,510
At 31 August 2023 138,943 282,685 14,915 436,543

RETRO ACTIVEWEAR LIMITED (REGISTERED NUMBER: 09581077)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 August 2024 is represented by:

Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
Valuation in 2017 35,000 257,328 12,247 304,575
Valuation in 2018 101,889 169,784 10,172 281,845
Valuation in 2019 2,054 5,683 6,139 13,876
Valuation in 2020 - 7,269 2,251 9,520
Valuation in 2021 - 5,614 2,116 7,730
Valuation in 2022 - 24,311 3,971 28,282
Valuation in 2023 - 61,276 16,751 78,027
Valuation in 2024 - 134,983 2,504 137,487
138,943 666,248 56,151 861,342

If Plant and machinery had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 39,200 39,200

Plant and machinery was valued on an open market basis on 31 August 2016 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 279,659 280,443
Prepayments and accrued income 23,935 24,345
303,594 304,788

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 157,435 131,784
Tax - 18,474
Social security and other taxes 14,958 9,612
VAT 44,647 36,974
Other creditors 218,750 290,142
Hp creditors 119,966 19,444
Accruals and deferred income 18,311 27,069
574,067 533,499

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 2-5 years 17,500 27,500

RETRO ACTIVEWEAR LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
RETRO ACTIVEWEAR LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Tish Press & Company
Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB


Date: .............................................