Company Registration No. 11649482 (England and Wales)
Tailor Services Ltd
Unaudited accounts
for the year ended 31 October 2024
Tailor Services Ltd
Unaudited accounts
Contents
Tailor Services Ltd
Company Information
for the year ended 31 October 2024
Company Number
11649482 (England and Wales)
Tailor Services Ltd
Statement of financial position
as at 31 October 2024
Intangible assets
379,750
280,000
Tangible assets
32,255
37,362
Cash at bank and in hand
7,153
15,475
Creditors: amounts falling due within one year
(288,702)
(272,527)
Net current liabilities
(281,549)
(257,052)
Called up share capital
100
100
Profit and loss account
130,356
60,210
Shareholders' funds
130,456
60,310
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 December 2024 and were signed on its behalf by
Aamir Tailor
Director
Company Registration No. 11649482
Tailor Services Ltd
Notes to the Accounts
for the year ended 31 October 2024
Tailor Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 11649482.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Intangible fixed assets
Goodwill
At 1 November 2023
280,000
At 31 October 2024
379,750
At 31 October 2024
379,750
At 31 October 2023
280,000
Tailor Services Ltd
Notes to the Accounts
for the year ended 31 October 2024
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Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 November 2023
45,190
17,278
62,468
At 31 October 2024
45,190
18,427
63,617
At 1 November 2023
16,268
8,838
25,106
Charge for the year
4,338
1,918
6,256
At 31 October 2024
20,606
10,756
31,362
At 31 October 2024
24,584
7,671
32,255
At 31 October 2023
28,922
8,440
37,362
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Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
24,090
29,460
Taxes and social security
11,230
6,660
Loans from directors
252,362
235,987
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Average number of employees
During the year the average number of employees was 2 (2023: 2).