REGISTERED NUMBER: 02290106 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Clothworks (Derby) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P R Allen

REGISTERED OFFICE:

The Mills

Canal Street

Derby

DE1 2RJ

REGISTERED NUMBER:

02290106 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Tangible assets

4

3,984

4,124

CURRENT ASSETS

Stocks

24,867

15,806

Debtors

5

18,155

37,035

Cash at bank

56,112

-

99,134

52,841

CREDITORS

Amounts falling due within one year

6

92,077

47,123

NET CURRENT ASSETS

7,057

5,718

TOTAL ASSETS LESS CURRENT LIABILITIES

11,041

9,842

CREDITORS

Amounts falling due after more than one year

7

1,667

11,667

NET ASSETS/(LIABILITIES)

9,374

(1,825

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

8,374

(2,825

)

SHAREHOLDERS' FUNDS

9,374

(1,825

)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 December 2025 and were signed by:

P R Allen - Director

1.	STATUTORY INFORMATION

Clothworks (Derby) Limited 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.

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.

Turnover

Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers during the year. Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the company will receive the agreed upon payment.

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

- 15% on reducing balance

Fixtures and fittings

- 15% on reducing balance

Computer equipment

- 33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value. In the case of work in progress, cost includes direct labour. Cost represents the invoiced cost of materials and parts on a first in first out basis and an appropriate amount of fixed and variable overheads.

Net realisable value is based on the estimated selling price less further costs expected to be incurred to completion and disposal.

Leasing commitments

Rentals paid under operating leases are charged to profit and loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

60,243

10,237

9,477

79,957

Additions

-

234

700

934

At 31 March 2025

60,243

10,471

10,177

80,891

DEPRECIATION

At 1 April 2024

58,133

9,828

7,872

75,833

Charge for year

310

84

680

1,074

At 31 March 2025

58,443

9,912

8,552

76,907

NET BOOK VALUE

At 31 March 2025

1,800

559

1,625

3,984

At 31 March 2024

2,110

409

1,605

4,124

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

16,259

34,506

Tax

-

572

Prepayments

1,896

1,957

18,155

37,035

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,115

Trade creditors

16,067

17,659

Taxation

5,272

-

Social security and other taxes

18,798

15,468

Other creditors

594

-

Director's current account

11,624

312

Accrued expenses

29,722

3,569

92,077

47,123

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

1,667

10,000

Bank loans - 2-5 years

-

1,667

1,667

11,667