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Company Registration No. 07678682 (England and Wales)
My Apparel Limited Unaudited accounts for the year ended 31 July 2025
My Apparel Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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My Apparel Limited Company Information for the year ended 31 July 2025
Director
Mr P Burke
Company Number
07678682 (England and Wales)
Registered Office
Unit D1 Imex Enterprise Park Wigwam Lane Hucknall Nottingham NG15 7SZ
Accountants
Taylor Accountancy Ltd 2 Lynmoor Court Hucknall Nottingham NG15 8FT
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My Apparel Limited Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
37,127
24,287
Current assets
Inventories
5
2,360
1,880
Debtors
6
9,223
39,871
Cash at bank and in hand
33,032
24,553
44,615
66,304
Creditors: amounts falling due within one year
7
(11,156)
(13,767)
Net current assets
33,459
52,537
Total assets less current liabilities
70,586
76,824
Provisions for liabilities
Deferred tax
(607)
(1,072)
Net assets
69,979
75,752
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
69,879
75,652
Shareholders' funds
69,979
75,752
For the year ending 31 July 2025 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 27 October 2025 and were signed on its behalf by
Mr P Burke Director Company Registration No. 07678682
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My Apparel Limited Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
My Apparel Limited is a private company, limited by shares, registered in England and Wales, registration number 07678682. The registered office is Unit D1 Imex Enterprise Park, Wigwam Lane, Hucknall, Nottingham, NG15 7SZ.
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:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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My Apparel Limited Notes to the Accounts for the year ended 31 July 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 August 2024
73,274
17,836
91,110
Additions
20,000
-
20,000
At 31 July 2025
93,274
17,836
111,110
Depreciation
At 1 August 2024
54,158
12,665
66,823
Charge for the year
5,867
1,293
7,160
At 31 July 2025
60,025
13,958
73,983
Net book value
At 31 July 2025
33,249
3,878
37,127
At 31 July 2024
19,116
5,171
24,287
5
Inventories
2025
2024
£
£
Raw materials
2,360
1,880
2,360
1,880
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
9,223
39,871
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
2,158
4,143
Trade creditors
1,613
67
Taxes and social security
4,565
6,837
Accruals
2,820
2,720
11,156
13,767
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 9 (2024: 7).
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