Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-04-01falseNo description of principal activity33truetruefalse 07169682 2024-04-01 2025-03-31 07169682 2023-04-01 2024-03-31 07169682 2025-03-31 07169682 2024-03-31 07169682 c:Director2 2024-04-01 2025-03-31 07169682 d:Buildings d:ShortLeaseholdAssets 2024-04-01 2025-03-31 07169682 d:Buildings d:ShortLeaseholdAssets 2025-03-31 07169682 d:Buildings d:ShortLeaseholdAssets 2024-03-31 07169682 d:FurnitureFittings 2024-04-01 2025-03-31 07169682 d:FurnitureFittings 2025-03-31 07169682 d:FurnitureFittings 2024-03-31 07169682 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07169682 d:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 07169682 d:OtherPropertyPlantEquipment 2025-03-31 07169682 d:OtherPropertyPlantEquipment 2024-03-31 07169682 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07169682 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 07169682 d:CurrentFinancialInstruments 2025-03-31 07169682 d:CurrentFinancialInstruments 2024-03-31 07169682 d:Non-currentFinancialInstruments 2025-03-31 07169682 d:Non-currentFinancialInstruments 2024-03-31 07169682 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 07169682 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07169682 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 07169682 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 07169682 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-03-31 07169682 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 07169682 d:ShareCapital 2025-03-31 07169682 d:ShareCapital 2024-03-31 07169682 d:RetainedEarningsAccumulatedLosses 2025-03-31 07169682 d:RetainedEarningsAccumulatedLosses 2024-03-31 07169682 c:FRS102 2024-04-01 2025-03-31 07169682 c:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 07169682 c:FullAccounts 2024-04-01 2025-03-31 07169682 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07169682 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Registered number: 07169682










DEL TAILORS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
DEL TAILORS LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF DEL TAILORS LIMITED
FOR THE YEAR ENDED 31 MARCH 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Del Tailors Limited for the year ended 31 March 2025 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Del Tailors Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Del Tailors Limited and state those matters that we have agreed to state to the Board of directors of Del Tailors Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Del Tailors Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Del Tailors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Del Tailors Limited. You consider that Del Tailors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Del Tailors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MWS Accountants Limited
 
4 Chester Court
Chester Hall Lane
Basildon
Essex
SS14 3WR
10 July 2025
Page 1

 
DEL TAILORS LIMITED
REGISTERED NUMBER: 07169682

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
103,095
116,195

  
103,095
116,195

Current assets
  

Stocks
  
51,685
52,465

Debtors: amounts falling due within one year
 5 
6,025
8,007

  
57,710
60,472

Creditors: amounts falling due within one year
 6 
(195,956)
(212,756)

Net current liabilities
  
 
 
(138,246)
 
 
(152,284)

Total assets less current liabilities
  
(35,151)
(36,089)

Creditors: amounts falling due after more than one year
 7 
(4,894)
(8,976)

Provisions for liabilities
  

Deferred tax
  
(9,384)
(8,331)

  
 
 
(9,384)
 
 
(8,331)

Net liabilities
  
(49,429)
(53,396)


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
(49,439)
(53,406)

  
(49,429)
(53,396)


Page 2

 
DEL TAILORS LIMITED
REGISTERED NUMBER: 07169682

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 July 2025.




A. Strickland
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
DEL TAILORS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

The company is a company limited by shares and was incorporated in England/Wales. The registered office address is:
4 Chester Court
Chester Hall Lane
Basildon
Essex, 
SS14 3WR.
The company registered number is 07169682

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

Of the excess of liabilities over assets at 31 March 2025 of £49,429, £148,654 relates to the amount owed to the directors.
As the directors do not intend to draw down the loan below net liabilities, they consider it appropriate to adopt the going concern basis in preparing the financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised on the date of sale of the goods or hire stock on the date of receipt of the hire payment. 

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
DEL TAILORS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a straight line basis and on a reducing balance basis as detailed below. .

Depreciation is provided on the following basis:

Short-term leasehold property
-
Straight line over the life of the lease
Fixtures, fittings and equipment
-
15% Reducing Balance
Hire stock
-
Straight line over 20 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
DEL TAILORS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

  
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. 
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The imapirment loss is recognised immediately in profit or loss. 

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2024 - 3).

Page 6

 
DEL TAILORS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Tangible fixed assets





Short-term leasehold property
Fixtures, fittings and equipment
Hire Stock
Total

£
£
£
£



Cost or valuation


At 1 April 2024
5,220
15,920
271,774
292,914


Additions
-
-
1,814
1,814



At 31 March 2025

5,220
15,920
273,588
294,728



Depreciation


At 1 April 2024
2,741
10,883
163,095
176,719


Charge for the year on owned assets
522
756
13,636
14,914



At 31 March 2025

3,263
11,639
176,731
191,633



Net book value



At 31 March 2025
1,957
4,281
96,857
103,095



At 31 March 2024
2,479
5,037
108,679
116,195


5.


Debtors

2025
2024
£
£


Other debtors
5,000
5,000

Prepayments and accrued income
1,025
3,007

6,025
8,007


Page 7

 
DEL TAILORS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank overdrafts
8,811
1,061

Bank loans
3,070
2,333

Payments received on account
6,000
5,707

Trade creditors
27,646
38,033

Other taxation and social security
1,084
4,255

Other creditors
149,345
161,367

195,956
212,756



 


7.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
4,894
8,976

4,894
8,976



8.


Loans


Analysis of the maturity of loans is given below:


2025
2024
£
£

Amounts falling due within one year

Bank loans
3,070
2,333


3,070
2,333


Amounts falling due 2-5 years

Bank loans
4,894
8,976


4,894
8,976


7,964
11,309


Page 8

 
DEL TAILORS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

9.


Related party transactions

The bank loan and overdraft were also secured against a property owned by the directors. 


Page 9