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REGISTERED NUMBER: 10520375 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

PRASLIN CLOTHING LTD

PRASLIN CLOTHING LTD (REGISTERED NUMBER: 10520375)






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


PRASLIN CLOTHING LTD

COMPANY INFORMATION
for the Year Ended 31st December 2024







Director: D Vij





Registered office: 39B Broughton Street
Cheethamhill
Manchester
Greater Manchester
M8 8LZ





Registered number: 10520375 (England and Wales)





Accountants: DBF Associates
Chartered Accountants
South Cheetham B C
10 Park Place
Manchester
Lancashire
M4 4EY

PRASLIN CLOTHING LTD (REGISTERED NUMBER: 10520375)

BALANCE SHEET
31st December 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 11,448 11,561

Current assets
Stocks 150,125 150,750
Debtors 5 149,041 128,777
Cash at bank and in hand 126,297 224,404
425,463 503,931
Creditors
Amounts falling due within one year 6 137,988 201,247
Net current assets 287,475 302,684
Total assets less current liabilities 298,923 314,245

Creditors
Amounts falling due after more than one
year

7

19,714

29,830
Net assets 279,209 284,415

Capital and reserves
Called up share capital 8 100 100
Retained earnings 279,109 284,315
Shareholders' funds 279,209 284,415

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 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.

PRASLIN CLOTHING LTD (REGISTERED NUMBER: 10520375)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19th June 2025 and were signed by:





D Vij - Director


PRASLIN CLOTHING LTD (REGISTERED NUMBER: 10520375)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2024

1. Statutory information

Praslin Clothing Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Equipment - 20% on reducing balance

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 Statement of Income and Retained Earnings, 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.

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.

PRASLIN CLOTHING LTD (REGISTERED NUMBER: 10520375)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2024

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Tangible fixed assets
Fixtures
and
fittings Equipment Totals
£    £    £   
Cost
At 1st January 2024 23,607 1,424 25,031
Additions 2,066 683 2,749
At 31st December 2024 25,673 2,107 27,780
Depreciation
At 1st January 2024 12,437 1,033 13,470
Charge for year 2,647 215 2,862
At 31st December 2024 15,084 1,248 16,332
Net book value
At 31st December 2024 10,589 859 11,448
At 31st December 2023 11,170 391 11,561

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 18,837 5,366
Other debtors 130,204 123,411
149,041 128,777

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 48,130 42,515
Taxation and social security 87,144 125,702
Other creditors 2,714 33,030
137,988 201,247

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 19,714 29,830

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100