Company Registration No. 11624840 (England and Wales)
Wardrobe City Ltd
Unaudited accounts
for the year ended 31 October 2024
Wardrobe City Ltd
Unaudited accounts
Contents
Wardrobe City Ltd
Company Information
for the year ended 31 October 2024
Company Number
11624840 (England and Wales)
Registered Office
Wardrobe City Ltd
Unit 9
Trading Estate, Pasadena Close
Hayes
Middlesex
UB3 3NQ
England
Accountants
ABMO Consultancy
37 Taplow Road
Taplow
South Bucks
SL6 0JN
Wardrobe City Ltd
Statement of financial position
as at 31 October 2024
Tangible assets
292,581
258,984
Inventories
321,194
229,038
Cash at bank and in hand
-
2,881
Creditors: amounts falling due within one year
(618,831)
(526,308)
Net current liabilities
(152,458)
(210,024)
Total assets less current liabilities
140,123
48,960
Creditors: amounts falling due after more than one year
(174,093)
(147,240)
Provisions for liabilities
Deferred tax
(61,527)
(53,513)
Net liabilities
(95,497)
(151,793)
Called up share capital
(10)
(10)
Profit and loss account
(95,487)
(151,783)
Shareholders' funds
(95,497)
(151,793)
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 22 May 2025 and were signed on its behalf by
Jorawar Singh
Director
Company Registration No. 11624840
Wardrobe City Ltd
Notes to the Accounts
for the year ended 31 October 2024
Wardrobe City Ltd is a private company, limited by shares, registered in England and Wales, registration number 11624840. The registered office is Wardrobe City Ltd, Unit 9, Trading Estate, Pasadena Close, Hayes, Middlesex, UB3 3NQ, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The financial statements have been prepared using the going concern basis of accounting. The Directors further confirm that the company has adequate resources to continue in operational existence for the foreseeable future.
Wardrobe City Ltd
Notes to the Accounts
for the year ended 31 October 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 November 2023
126,000
169,015
30,463
3,023
328,501
Additions
-
100,000
-
-
100,000
Disposals
-
(47,500)
-
-
(47,500)
At 31 October 2024
126,000
221,515
30,463
3,023
381,001
At 1 November 2023
25,200
36,410
6,092
1,815
69,517
Charge for the year
12,600
25,502
3,046
605
41,753
On disposals
-
(22,850)
-
-
(22,850)
At 31 October 2024
37,800
39,062
9,138
2,420
88,420
At 31 October 2024
88,200
182,453
21,325
603
292,581
At 31 October 2023
100,800
132,605
24,371
1,208
258,984
Amounts falling due within one year
Trade debtors
66,385
5,571
Other debtors
78,794
78,794
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
78,682
84,213
Taxes and social security
13,263
3,169
Other creditors
62,625
15,000
Loans from directors
430,198
384,180
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
174,093
147,240
8
Average number of employees
During the year the average number of employees was 20 (2023: 21).