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REGISTERED NUMBER: 10104483 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

Heaven Apparel Limited

Heaven Apparel Limited (Registered number: 10104483)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Heaven Apparel Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: S V Lomond





REGISTERED OFFICE: Palmeira Avenue Mansions
19 Church Road
Hove
East Sussex
BN3 2FA





REGISTERED NUMBER: 10104483 (England and Wales)





ACCOUNTANTS: Atkinsons
Chartered Accountants
Palmeira Avenue Mansions
19 Church Road
Hove
East Sussex
BN3 2FA

Heaven Apparel Limited (Registered number: 10104483)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,774 3,566
Investments 5 89 89
3,863 3,655

CURRENT ASSETS
Stocks 14,123 25,684
Debtors 6 68,599 47,712
Cash at bank and in hand 20,329 50,228
103,051 123,624
CREDITORS
Amounts falling due within one year 7 122,467 103,867
NET CURRENT (LIABILITIES)/ASSETS (19,416 ) 19,757
TOTAL ASSETS LESS CURRENT
LIABILITIES

(15,553

)

23,412

CREDITORS
Amounts falling due after more than one
year

8

(3,847

)

(16,467

)

PROVISIONS FOR LIABILITIES (717 ) (919 )
NET (LIABILITIES)/ASSETS (20,117 ) 6,026

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (20,217 ) 5,926
SHAREHOLDERS' FUNDS (20,117 ) 6,026

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

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

Heaven Apparel Limited (Registered number: 10104483)

Balance Sheet - continued
31 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 director and authorised for issue on 30 June 2025 and were signed by:





S V Lomond - Director


Heaven Apparel Limited (Registered number: 10104483)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Heaven Apparel 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.

These financial statements have been prepared on the basis that the company will continue to be a going concern. At the year end the current liabilities exceeded current assets by £19,416. The validity of this basis depends upon the continued support of the company's director. The director confirms that they will give the required support.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, stated net of Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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 - 15% on reducing balance
Computer equipment - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.


Heaven Apparel Limited (Registered number: 10104483)

Notes to the Financial Statements - continued
for the Year Ended 31 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.

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 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024 742 7,142 7,884
Additions 233 570 803
At 31 December 2024 975 7,712 8,687
DEPRECIATION
At 1 January 2024 219 4,099 4,318
Charge for year 103 492 595
At 31 December 2024 322 4,591 4,913
NET BOOK VALUE
At 31 December 2024 653 3,121 3,774
At 31 December 2023 523 3,043 3,566

Heaven Apparel Limited (Registered number: 10104483)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 89
NET BOOK VALUE
At 31 December 2024 89
At 31 December 2023 89

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 26,579 19,187
Other debtors 42,020 28,525
68,599 47,712

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 10,320 25,332
Trade creditors 86,502 40,530
Amounts owed to group undertakings 9,652 21,923
Taxation and social security 9,041 9,590
Other creditors 6,952 6,492
122,467 103,867

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans 3,847 16,467

9. OTHER FINANCIAL COMMITMENTS

On 31 December 2024 the company had operating lease commitments of £56,937 (December 2023: £79,625).

Heaven Apparel Limited (Registered number: 10104483)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
S V Lomond
Balance outstanding at start of year 26,045 33,113
Amounts advanced 13,250 -
Amounts repaid - (7,068 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 39,295 26,045

11. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption under FRS 102 1AC.35 whereby particulars need not be given for related party transactions concluded under normal market conditions, or transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transactions is wholly-owned by such a member.