IRIS Accounts Production v25.1.4.42 01634160 Board of Directors 1.12.23 30.11.24 30.11.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh016341602023-11-30016341602024-11-30016341602023-12-012024-11-30016341602022-11-30016341602022-12-012023-11-30016341602023-11-3001634160ns15:EnglandWales2023-12-012024-11-3001634160ns14:PoundSterling2023-12-012024-11-3001634160ns10:Director12023-12-012024-11-3001634160ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3001634160ns10:SmallEntities2023-12-012024-11-3001634160ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3001634160ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3001634160ns10:FullAccounts2023-12-012024-11-3001634160ns10:Director22023-12-012024-11-3001634160ns10:Director32023-12-012024-11-3001634160ns10:CompanySecretary12023-12-012024-11-3001634160ns10:RegisteredOffice2023-12-012024-11-3001634160ns5:CurrentFinancialInstruments2024-11-3001634160ns5:CurrentFinancialInstruments2023-11-3001634160ns5:ShareCapital2024-11-3001634160ns5:ShareCapital2023-11-3001634160ns5:RetainedEarningsAccumulatedLosses2024-11-3001634160ns5:RetainedEarningsAccumulatedLosses2023-11-3001634160ns5:LeaseholdImprovements2023-12-012024-11-3001634160ns5:PlantMachinery2023-12-012024-11-3001634160ns5:LeaseholdImprovements2023-11-3001634160ns5:PlantMachinery2023-11-3001634160ns5:LeaseholdImprovements2024-11-3001634160ns5:PlantMachinery2024-11-3001634160ns5:LeaseholdImprovements2023-11-3001634160ns5:PlantMachinery2023-11-30
REGISTERED NUMBER: 01634160 (England and Wales)















THE CLOTH SHOP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024






THE CLOTH SHOP LIMITED (REGISTERED NUMBER: 01634160)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE CLOTH SHOP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: Mr S A Harley
Mrs S J Harley
Mr H J Harley





SECRETARY: Mrs S J Harley





REGISTERED OFFICE: Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE





REGISTERED NUMBER: 01634160 (England and Wales)





ACCOUNTANTS: Kounnis And Partners Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

THE CLOTH SHOP LIMITED (REGISTERED NUMBER: 01634160)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 158,980 101,060

CURRENT ASSETS
Inventories 5 96,980 93,420
Debtors 6 11,428 31,554
Cash at bank and in hand 421,197 394,759
529,605 519,733
CREDITORS
Amounts falling due within one year 7 228,037 396,009
NET CURRENT ASSETS 301,568 123,724
TOTAL ASSETS LESS CURRENT
LIABILITIES

460,548

224,784

PROVISIONS FOR LIABILITIES 1,349 762
NET ASSETS 459,199 224,022

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 459,099 223,922
SHAREHOLDERS' FUNDS 459,199 224,022

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

THE CLOTH SHOP LIMITED (REGISTERED NUMBER: 01634160)

BALANCE SHEET - continued
30 NOVEMBER 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 17 June 2025 and were signed on its behalf by:





Mr H J Harley - Director


THE CLOTH SHOP LIMITED (REGISTERED NUMBER: 01634160)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

The Cloth Shop 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
Revenue is measured at the fair value of the consideration receivable, for the retail & wholesale distribution of goods, excluding discounts, rebates,value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 3% on cost
Plant and machinery - 25% on reducing balance

Stocks
Inventories 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

THE CLOTH SHOP LIMITED (REGISTERED NUMBER: 01634160)

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


4. PROPERTY, PLANT AND EQUIPMENT
Improvements
to Plant and
property machinery Totals
£    £    £   
COST
At 1 December 2023 104,267 43,426 147,693
Additions 60,515 2,685 63,200
At 30 November 2024 164,782 46,111 210,893
DEPRECIATION
At 1 December 2023 6,256 40,377 46,633
Charge for year 4,943 337 5,280
At 30 November 2024 11,199 40,714 51,913
NET BOOK VALUE
At 30 November 2024 153,583 5,397 158,980
At 30 November 2023 98,011 3,049 101,060

5. INVENTORIES
2024 2023
£    £   
Finished goods 96,980 93,420

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 11,428 31,554

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 32,467 26,307
Taxation and social security 117,323 136,459
Other creditors 78,247 233,243
228,037 396,009

8. ULTIMATE CONTROLLING PARTY

There is no overall control of the company by any one person.