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REGISTERED NUMBER: 07038621 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

20TH CENTURY CLOTHIERS LIMITED

20TH CENTURY CLOTHIERS LIMITED (REGISTERED NUMBER: 07038621)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


20TH CENTURY CLOTHIERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: Clare Louise Quartermaine





REGISTERED OFFICE: 1st Floor, Unit 3
Wellington Mills
Quebec Street
Elland
West Yorkshire
HX5 9AS





REGISTERED NUMBER: 07038621 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
First Floor Offices, Unit A4
Old Power Way
Lowfields Business Park
Elland
HX5 9DE

20TH CENTURY CLOTHIERS LIMITED (REGISTERED NUMBER: 07038621)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 18,968 21,339
Tangible assets 5 17,540 22,525
Investments 6 97,413 80,137
133,921 124,001

CURRENT ASSETS
Stocks 111,230 124,498
Debtors 7 38,620 21,554
Cash at bank 55,677 32,769
205,527 178,821
CREDITORS
Amounts falling due within one year 8 106,517 39,387
NET CURRENT ASSETS 99,010 139,434
TOTAL ASSETS LESS CURRENT
LIABILITIES

232,931

263,435

PROVISIONS FOR LIABILITIES 4,385 5,631
NET ASSETS 228,546 257,804

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account 228,446 257,704
228,546 257,804

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

20TH CENTURY CLOTHIERS LIMITED (REGISTERED NUMBER: 07038621)

BALANCE SHEET - continued
31 OCTOBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 July 2025 and were signed by:





Clare Louise Quartermaine - Director


20TH CENTURY CLOTHIERS LIMITED (REGISTERED NUMBER: 07038621)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

20th Century Clothiers 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

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 - 25% on reducing balance
Patterns - 10% on cost

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

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 Profit and Loss Account, 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.


20TH CENTURY CLOTHIERS LIMITED (REGISTERED NUMBER: 07038621)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 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.

Investments
Investments are initially recorded at cost and shown at most recent valuation. Any aggregate surplus or deficit from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 November 2023
and 31 October 2024 23,710
AMORTISATION
At 1 November 2023 2,371
Amortisation for year 2,371
At 31 October 2024 4,742
NET BOOK VALUE
At 31 October 2024 18,968
At 31 October 2023 21,339

20TH CENTURY CLOTHIERS LIMITED (REGISTERED NUMBER: 07038621)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings Patterns Totals
£    £    £   
COST
At 1 November 2023 70,815 4,314 75,129
Additions 874 - 874
At 31 October 2024 71,689 4,314 76,003
DEPRECIATION
At 1 November 2023 48,290 4,314 52,604
Charge for year 5,859 - 5,859
At 31 October 2024 54,149 4,314 58,463
NET BOOK VALUE
At 31 October 2024 17,540 - 17,540
At 31 October 2023 22,525 - 22,525

6. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 November 2023 - 80,137 80,137
Additions 50,000 - 50,000
Disposals - (39,017 ) (39,017 )
Revaluations - 6,293 6,293
At 31 October 2024 50,000 47,413 97,413
NET BOOK VALUE
At 31 October 2024 50,000 47,413 97,413
At 31 October 2023 - 80,137 80,137

Listed investments are stated at valuation, the historic cost equivalent of which is £37,668.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 22,111 -
Amounts owed by group undertakings 11,882 -
Other debtors 4,627 21,554
38,620 21,554

20TH CENTURY CLOTHIERS LIMITED (REGISTERED NUMBER: 07038621)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 68,898 20,654
Taxation and social security 26,723 12,572
Other creditors 10,896 6,161
106,517 39,387

9. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are
held separately from those of the company in an independently administered fund. The pension cost
represents contributions payable by the company to the fund and amounted to £5,669 (2023:
£10,001). Contributions totalling £1,182 (2023: £853) were payable to the fund at the year end
and are included in creditors.