REGISTERED NUMBER: 02235871 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

ABC Shirts Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs J Cheese

S Cheese

SECRETARY:

Mrs J Cheese

REGISTERED OFFICE:

74-78 Charlton Road

Blackeath

London

SE3 8TT

REGISTERED NUMBER:

02235871 (England and Wales)

ACCOUNTANT:

S J Jahans Accountancy & Tax Services

78 Mayday Gardens

Blackheath

London

SE3 8NW

FIXED ASSETS

Tangible assets

4

160,522

161,480

CURRENT ASSETS

Stocks

1,050

2,150

Debtors

5

9,859

5,657

Prepayments and accrued income

2,134

8,404

Cash at bank and in hand

17,947

20,272

30,990

36,483

CREDITORS

Amounts falling due within one year

6

66,204

74,744

NET CURRENT LIABILITIES

(35,214

)

(38,261

)

TOTAL ASSETS LESS CURRENT LIABILITIES

125,308

123,219

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

125,208

123,119

SHAREHOLDERS' FUNDS

125,308

123,219

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 directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 December 2025 and were signed on its behalf by:

Mrs J Cheese - Director

1.	STATUTORY INFORMATION

ABC Shirts 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 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.

Land and buildings

-

not provided

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

157,648

203,037

360,685

DEPRECIATION

At 1 April 2024

-

199,205

199,205

Charge for year

-

958

958

At 31 March 2025

-

200,163

200,163

NET BOOK VALUE

At 31 March 2025

157,648

2,874

160,522

At 31 March 2024

157,648

3,832

161,480

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

9,859

5,657

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

3,627

11,789

Taxation and social security

9,150

10,518

Other creditors

53,427

52,437

66,204

74,744