PASSION KNITWEAR LIMITED

Company Registration Number:
02284901 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2024

Period of accounts

Start date: 01 November 2023

End date: 31 October 2024

PASSION KNITWEAR LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2024

Balance sheet
Notes

PASSION KNITWEAR LIMITED

Balance sheet

As at 31 October 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 165,268 185,536
Investments:   0 0
Total fixed assets: 165,268 185,536
Current assets
Stocks: 33,790 70,500
Debtors: 4 1,801,629 1,800,862
Cash at bank and in hand: 11,596 22,247
Investments:   0 0
Total current assets: 1,847,015 1,893,609
Creditors: amounts falling due within one year: 5 (265,467) (330,401)
Net current assets (liabilities): 1,581,548 1,563,208
Total assets less current liabilities: 1,746,816 1,748,744
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: (14,920) (14,920)
Total net assets (liabilities): 1,731,896 1,733,824
Capital and reserves
Called up share capital: 10,000 10,000
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 1,721,896 1,723,824
Shareholders funds: 1,731,896 1,733,824

The notes form part of these financial statements

PASSION KNITWEAR LIMITED

Balance sheet statements

For the year ending 31 October 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 August 2025
and signed on behalf of the board by:

Name: Abdul Rashid
Status: Director

The notes form part of these financial statements

PASSION KNITWEAR LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PASSION KNITWEAR LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

2. Employees

2024 2023
Average number of employees during the period 10 12

PASSION KNITWEAR LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Tangible Assets

Total
Cost £
At 01 November 2023 853,292
Additions 0
Disposals (280,000)
Revaluations 0
Transfers 0
At 31 October 2024 573,292
Depreciation
At 01 November 2023 667,756
Charge for year 17,840
On disposals (277,572)
Other adjustments 0
At 31 October 2024 408,024
Net book value
At 31 October 2024 165,268
At 31 October 2023 185,536

PASSION KNITWEAR LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 1,801,629 1,800,862

PASSION KNITWEAR LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

5. Creditors: amounts falling due within one year note

Bank loan 24785 Other creditors 160397 Social Security taxes 4157 Trade creditors 76128

PASSION KNITWEAR LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

6. Loans to directors

Name of director receiving advance or credit: Abdul Rashid
Description of the loan: Director current account
£
Balance at 01 November 2023 67,907
Advances or credits made: 11,778
Advances or credits repaid: 26,256
Balance at 31 October 2024 53,429