Character Wear Limited 15409832 false 2024-01-12 2025-01-31 2025-01-31 The principal activity of the company is retail sale of clothing in specialised stores. Digita Accounts Production Advanced 6.30.9574.0 true true 15409832 2024-01-12 2025-01-31 15409832 2025-01-31 15409832 core:CurrentFinancialInstruments 2025-01-31 15409832 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 15409832 bus:SmallEntities 2024-01-12 2025-01-31 15409832 bus:AuditExemptWithAccountantsReport 2024-01-12 2025-01-31 15409832 bus:FilletedAccounts 2024-01-12 2025-01-31 15409832 bus:SmallCompaniesRegimeForAccounts 2024-01-12 2025-01-31 15409832 bus:RegisteredOffice 2024-01-12 2025-01-31 15409832 bus:Director1 2024-01-12 2025-01-31 15409832 bus:PrivateLimitedCompanyLtd 2024-01-12 2025-01-31 15409832 countries:AllCountries 2024-01-12 2025-01-31 iso4217:GBP xbrli:pure

Registration number: 15409832

Character Wear Limited
Unaudited Filleted Financial Statements
for the Period from 12 January 2024 to 31 January 2025

Character Wear Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 4

Character Wear Limited

(Registration number: 15409832)
Balance Sheet as at 31 January 2025

| Note | 2025 £
Current assets |  |
Debtors | 4 | 16,391
Cash at bank and in hand |  | 4,032
|  | 20,423
Creditors: Amounts falling due within one year | 5 | (97,603)
Net liabilities |  | (77,180)
Capital and reserves |  |
Profit and loss account |  | (77,180)
Shareholders' deficit |  | (77,180)

For the financial period ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 5 October 2025 and signed on its behalf by:

......................................... S P Schusman Director

Character Wear Limited

Notes to the Unaudited Financial Statements for the Period from 12 January 2024 to 31 January 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales .

The address of its registered office is:
10 Maxted Park Maxted Road
Hemel Hempstead Industrial Estate
Hemel Hempstead
HP2 7EP
England

These financial statements were authorised for issue by the Board on 5 October 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling (£), which the functional currency of the company. Monetary amounts in the financial statements are rounded to the nearest £.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in its operational existence and meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date these financial statements were approved. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax,and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Character Wear Limited

Notes to the Unaudited Financial Statements for the Period from 12 January 2024 to 31 January 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 4.

Character Wear Limited

Notes to the Unaudited Financial Statements for the Period from 12 January 2024 to 31 January 2025

4 | Debtors

Current | 2025 £
Trade debtors | 14,250
Prepayments | 2,141
| 16,391

5 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £
Due within one year |  |
Trade creditors |  | 19,323
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 7 | 64,478
Taxation and social security |  | 12,193
Accruals and deferred income |  | 1,000
Other creditors |  | 609
|  | 97,603

6 | Share capital

Allotted, called up and fully paid shares

| 2025
| No. | £
Ordinary share of £1 each | 2 | 2

During the period, 2 ordinary shares of £1 each were issued at par.

7 | Related party transactions

Included within creditors at the year end is an amount of £64,478 owed to a company under common control.