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REGISTERED NUMBER: 06036816 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

DROP DEAD CLOTHING LIMITED

DROP DEAD CLOTHING LIMITED (REGISTERED NUMBER: 06036816)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DROP DEAD CLOTHING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: O S Sykes
Mrs C Sykes
I Sykes





SECRETARY: Mrs C Sykes





REGISTERED OFFICE: Unit 4a
Rutland Way
Sheffield
South Yorkshire
S3 8DG





REGISTERED NUMBER: 06036816 (England and Wales)





ACCOUNTANTS: Morton Bradley Limited
Unit 4a
Rutland Way
Sheffield
South Yorkshire
S3 8DG

DROP DEAD CLOTHING LIMITED (REGISTERED NUMBER: 06036816)

BALANCE SHEET
31ST DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,168,422 1,202,506
1,168,422 1,202,506

CURRENT ASSETS
Stocks 383,450 541,857
Debtors 6 273,177 205,166
Prepayments and accrued income 34,718 132,431
Cash at bank and in hand 1,460,946 545,594
2,152,291 1,425,048
CREDITORS
Amounts falling due within one year 7 677,893 381,031
NET CURRENT ASSETS 1,474,398 1,044,017
TOTAL ASSETS LESS CURRENT LIABILITIES 2,642,820 2,246,523

CREDITORS
Amounts falling due after more than one year 8 (431,030 ) (491,056 )

ACCRUALS AND DEFERRED INCOME - (3,774 )
NET ASSETS 2,211,790 1,751,693

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,211,690 1,751,593
2,211,790 1,751,693

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

DROP DEAD CLOTHING LIMITED (REGISTERED NUMBER: 06036816)

BALANCE SHEET - continued
31ST DECEMBER 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 Board of Directors and authorised for issue on 13th May 2025 and were signed on its behalf by:





Mrs C Sykes - Director


DROP DEAD CLOTHING LIMITED (REGISTERED NUMBER: 06036816)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024

1. STATUTORY INFORMATION

Drop Dead Clothing 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 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.

Patents and licences are being amortised evenly over their 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.
Freehold property - in accordance with the property
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

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.


DROP DEAD CLOTHING LIMITED (REGISTERED NUMBER: 06036816)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 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.

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 22 (2023 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1st January 2024
and 31st December 2024 75,000 24,572 99,572
AMORTISATION
At 1st January 2024
and 31st December 2024 75,000 24,572 99,572
NET BOOK VALUE
At 31st December 2024 - - -
At 31st December 2023 - - -

DROP DEAD CLOTHING LIMITED (REGISTERED NUMBER: 06036816)

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

5. TANGIBLE FIXED ASSETS
Improvements
Freehold Long to Plant and
property leasehold property machinery
£    £    £    £   
COST
At 1st January 2024 1,303,279 51,812 75,954 243,918
Additions - - - 14,157
At 31st December 2024 1,303,279 51,812 75,954 258,075
DEPRECIATION
At 1st January 2024 251,855 51,812 26,151 193,885
Charge for year 26,066 - 12,451 16,047
At 31st December 2024 277,921 51,812 38,602 209,932
NET BOOK VALUE
At 31st December 2024 1,025,358 - 37,352 48,143
At 31st December 2023 1,051,424 - 49,803 50,033

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st January 2024 111,293 18,162 108,588 1,913,006
Additions - - 37,147 51,304
At 31st December 2024 111,293 18,162 145,735 1,964,310
DEPRECIATION
At 1st January 2024 85,841 10,500 90,456 710,500
Charge for year 5,090 1,915 23,819 85,388
At 31st December 2024 90,931 12,415 114,275 795,888
NET BOOK VALUE
At 31st December 2024 20,362 5,747 31,460 1,168,422
At 31st December 2023 25,452 7,662 18,132 1,202,506

DROP DEAD CLOTHING LIMITED (REGISTERED NUMBER: 06036816)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 197,158 117,556
Other debtors 76,019 87,610
273,177 205,166

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 15,081 15,081
Trade creditors 467,208 281,034
Taxation and social security 166,260 7,683
Other creditors 29,344 77,233
677,893 381,031

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans 420,787 465,690
Hire purchase contracts 10,243 25,366
431,030 491,056