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REGISTERED NUMBER: 07369434 (England and Wales)















ASHLEY CLOTHING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2024






ASHLEY CLOTHING LIMITED (REGISTERED NUMBER: 07369434)

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










Page

Balance Sheet 1 to 2

Notes to the Financial Statements 3 to 5


ASHLEY CLOTHING LIMITED (REGISTERED NUMBER: 07369434)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 12 17

CURRENT ASSETS
Stocks 32,477 41,350
Debtors 5 14,818 1,606
Cash at bank and in hand 60 8,094
47,355 51,050
CREDITORS
Amounts falling due within one year 6 (38,280 ) (23,068 )
NET CURRENT ASSETS 9,075 27,982
TOTAL ASSETS LESS CURRENT LIABILITIES 9,087 27,999

CREDITORS
Amounts falling due after more than one
year

7

(19,450

)

(23,256

)

PROVISIONS FOR LIABILITIES - (3 )
NET (LIABILITIES)/ASSETS (10,363 ) 4,740

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (10,364 ) 4,739
(10,363 ) 4,740

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

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

ASHLEY CLOTHING LIMITED (REGISTERED NUMBER: 07369434)

BALANCE SHEET - continued
30 SEPTEMBER 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 25 June 2025 and were signed by:





Mr A Rayner - Director


ASHLEY CLOTHING LIMITED (REGISTERED NUMBER: 07369434)

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


1. STATUTORY INFORMATION

Ashley Clothing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07369434

Registered office: 6 Little Foxburrows
Colchester
Essex
CO2 7UG

For the purposes of presentation the financial statements are rounded to the nearest Pound.

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 - 30% reducing balance
Computer equipment - 33% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost.

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.


ASHLEY CLOTHING LIMITED (REGISTERED NUMBER: 07369434)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 937 1,232 2,169
DEPRECIATION
At 1 October 2023 920 1,232 2,152
Charge for year 5 - 5
At 30 September 2024 925 1,232 2,157
NET BOOK VALUE
At 30 September 2024 12 - 12
At 30 September 2023 17 - 17

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 14,818 1,606

ASHLEY CLOTHING LIMITED (REGISTERED NUMBER: 07369434)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,311 3,715
Trade creditors 31,501 15,152
Taxation and social security 2,168 3,869
Other creditors 300 332
38,280 23,068

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 19,450 23,256

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,227 7,432

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Within the year, Mr A Rayner withdrew £18,100 (2023: £20,913) and introduced capital of £12,256 (2023: £25,244). At the year-end the balance due to the company was £5,519 (2023: £325 due to Mr A Rayner).