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Company Registration No. 08741267 (England and Wales)
I Want More Clothing Ltd Unaudited accounts for the year ended 30 September 2024
I Want More Clothing Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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I Want More Clothing Ltd Company Information for the year ended 30 September 2024
Director
Richard Guy
Company Number
08741267 (England and Wales)
Registered Office
12 Nursery Rise Dunmow CM6 1XW
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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I Want More Clothing Ltd Statement of financial position as at 30 September 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
96
139
Current assets
Inventories
1,002
1,148
Cash at bank and in hand
-
(21)
1,002
1,127
Creditors: amounts falling due within one year
5
(263)
(11,484)
Net current assets/(liabilities)
739
(10,357)
Total assets less current liabilities
835
(10,218)
Creditors: amounts falling due after more than one year
6
(57,743)
(67,396)
Net liabilities
(56,908)
(77,614)
Capital and reserves
Called up share capital
1
1
Profit and loss account
(56,909)
(77,615)
Shareholders' funds
(56,908)
(77,614)
For the year ending 30 September 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 12 September 2025 and were signed on its behalf by
Richard Guy Director Company Registration No. 08741267
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I Want More Clothing Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
I Want More Clothing Ltd is a private company, limited by shares, registered in England and Wales, registration number 08741267. The registered office is 12 Nursery Rise, Dunmow, CM6 1XW.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
20% Reducing balance
Computer equipment
25% Reducing balance
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 October 2023
190
499
689
At 30 September 2024
190
499
689
Depreciation
At 1 October 2023
140
410
550
Charge for the year
13
30
43
At 30 September 2024
153
440
593
Net book value
At 30 September 2024
37
59
96
At 30 September 2023
50
89
139
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I Want More Clothing Ltd Notes to the Accounts for the year ended 30 September 2024
5
Creditors: amounts falling due within one year
2024
2023
£
£
Loans from directors
-
11,221
Accruals
263
263
263
11,484
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
-
10,000
Loans from directors
57,743
57,396
57,743
67,396
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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