Neil O'Brien Tailoring Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 04888370 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

NEIL O'BRIEN TAILORING LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

N J O'Brien

SECRETARY:

Mrs E E M O'Brien

REGISTERED OFFICE:

2 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

REGISTERED NUMBER:

04888370 (England and Wales)

ACCOUNTANTS:

Barber & Company

A trading name of PCM Accounting Limited

2 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

FIXED ASSETS

Property, plant and equipment

4

1,355

1,867

CURRENT ASSETS

Inventories

11,029

11,621

Debtors

5

45,704

43,827

Cash at bank

3,535

4,796

60,268

60,244

CREDITORS

Amounts falling due within one year

6

37,131

33,064

NET CURRENT ASSETS

23,137

27,180

TOTAL ASSETS LESS CURRENT
LIABILITIES

24,492

29,047

CREDITORS

Amounts falling due after more than one
year

7

(21,221

)

(25,074

)

PROVISIONS FOR LIABILITIES

(248

)

(344

)

NET ASSETS

3,023

3,629

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

2,923

3,529

SHAREHOLDERS' FUNDS

3,023

3,629

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 December 2025 and were signed by:

N J O'Brien - Director

1.	STATUTORY INFORMATION

Neil O'Brien Tailoring Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared in accordance with applicable accounting standards. The particular accounting policies adopted are described below.

TURNOVER

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

STOCKS

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

COST

At 1 April 2024

and 31 March 2025

3,952

3,136

7,293

14,381

DEPRECIATION

At 1 April 2024

3,394

2,974

6,146

12,514

Charge for year

184

-

328

512

At 31 March 2025

3,578

2,974

6,474

13,026

NET BOOK VALUE

At 31 March 2025

374

162

819

1,355

At 31 March 2024

558

162

1,147

1,867

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

32,852

26,910

Other debtors

2,749

2,481

Directors' current accounts

4,841

10,216

CT recoverable

4,220

Prepayments and accrued income

1,042

-

45,704

43,827

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

10,648

Trade creditors

5,211

4,562

Corporation tax

1,360

2,830

Social security and other taxes

9,507

9,812

Accruals and deferred income

10,405

5,212

37,131

33,064

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans - 1-2 years

10,648

Bank loans - 2-5 years

10,573

14,426

21,221

25,074

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

100

Ordinary

£1

100

9.	RELATED PARTY DISCLOSURES

Throughout the year, the company was under the control of Mr N O'Brien, its sole director and owner of 50% of the company's equity share capital.