Company Registration No. 11746488 (England and Wales)
Radical Tea Towel US Ltd
Unaudited accounts
for the year ended 31 December 2024
Radical Tea Towel US Ltd
Unaudited accounts
Contents
Radical Tea Towel US Ltd
Company Information
for the year ended 31 December 2024
Director
Luke Edwin Pearce
Company Number
11746488 (England and Wales)
Registered Office
1 Triley Court Old Hereford Road
Pantygelli
Abergavenny
NP7 7HR
Wales
Accountants
Solar Accountancy Limited
647 Heathway
Dagenham
Essex
RM9 5TA
Radical Tea Towel US Ltd
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
32,855
48,880
Creditors: amounts falling due within one year
(134,411)
(155,475)
Net current liabilities
(19,107)
(11,378)
Total assets less current liabilities
(19,107)
(10,727)
Creditors: amounts falling due after more than one year
(32,120)
(38,185)
Net liabilities
(51,227)
(48,912)
Called up share capital
1
1
Profit and loss account
(51,228)
(48,913)
Shareholders' funds
(51,227)
(48,912)
For the year ending 31 December 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 29 August 2025 and were signed on its behalf by
Luke Edwin Pearce
Director
Company Registration No. 11746488
Radical Tea Towel US Ltd
Notes to the Accounts
for the year ended 31 December 2024
Radical Tea Towel US Ltd is a private company, limited by shares, registered in England and Wales, registration number 11746488. The registered office is 1 Triley Court Old Hereford Road, Pantygelli, Abergavenny, NP7 7HR, Wales.
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.
The director has at the time of approving the financial statements, a reasonable expectation that the company has adequate resources to continue in operating existence for the foreseeable future. The director consider it appropriate to prepare the financial statements on a going concern basis based on the continued support from the shareholder.
These financial statements do not include any adjustments that would result from the going concern basis of preparation being inappropriate.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Intangible fixed assets are amortised at 3 years straight line basis.
Radical Tea Towel US Ltd
Notes to the Accounts
for the year ended 31 December 2024
4
Intangible fixed assets
Other
At 31 December 2024
14,655
At 31 December 2024
14,655
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,063
5,913
Trade creditors
4,868
8,181
Amounts owed to group undertakings and other participating interests
124,018
137,976
Taxes and social security
(17)
(208)
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).