S&B Clothing Limited - Filleted accounts

Registered number

02838443

S&B Clothing Limited

Filleted Accounts

31 December 2024

S&B Clothing Limited
Registered number:		02838443
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	4		526,134			568,533

Current assets
Stocks		460,557			462,807
Debtors	5	1,223,987			1,809,327
Cash at bank and in hand		2,365			11,229
		1,686,909			2,283,363

Creditors: amounts falling due within one year	6	(579,643)			(1,107,689)

Net current assets			1,107,266			1,175,674

Total assets less current liabilities			1,633,400			1,744,207

Creditors: amounts falling due after more than one year	7		(134,284)			(120,079)

Provisions for liabilities			(106,868)			(106,868)


Net assets			1,392,248			1,517,260

Capital and reserves
Called up share capital			600			600
Profit and loss account			1,391,648			1,516,660

Shareholders' funds			1,392,248			1,517,260

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




M Y Aziz
Director
Approved by the board on 29 December 2025

S&B Clothing Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	21/2% straight line
	Motor vehicles	25% reducing balance
	Plant and machinery	15% reducing balance


	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors and creditors receivable/payable within one year
	Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference,Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

2	Going Concern
	The Directors have considered the company's business activities, together with the factors likely to affect its future development,performance and position that are effected due to Covid19 restrictions. The directors have considered the company's financial resources together with its customer base and supply chain. The directors have also considered of introducing from thie own funds if necessary. As a consequence, the directors believe that the company is well placed to manage its business risks successfully despite the current uncertain economic outlook. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements


3	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			10		23


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 January 2024	1,311,783		637,635		1,949,418
	Additions	-		5,727		5,727
	At 31 December 2024	1,311,783		643,362		1,955,145

	Depreciation
	At 1 January 2024	839,715		541,170		1,380,885
	Charge for the year	32,797		15,329		48,126
	At 31 December 2024	872,512		556,499		1,429,011

	Net book value
	At 31 December 2024	439,271		86,863		526,134
	At 31 December 2023	472,068		96,465		568,533


5	Debtors			2024		2023
£					£

	Trade debtors			356,780		821,191
	Amounts owed by associated company			849,781		849,781
	Other debtors			17,426		138,355
				1,223,987		1,809,327


6	Creditors: amounts falling due within one year			2024		2023
£					£

	Bank loans and overdrafts			94,485		200,224
	Trade creditors			400,591		648,969
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			-		155,000
	Corporation tax			15,544		15,544
	Other taxes and social security costs			19,227		16,998
	Other creditors			49,796		70,954
				579,643		1,107,689


7	Creditors: amounts falling due after one year			2024		2023
£					£

	Bank loans			134,284		120,079
	Coronavirus Business Interuption Loan is partially guranteed by the Secretary of Sate.

8	Controlling party

	Messrs MB,MH and MY AZIZ control the company by virtue of a controlling interest directly of 100% of the issued ordinary share capital


9	Other information

	S&B Clothing Limited is a private company limited by shares and incorporated in England. Its registered office is:
	S&B House
	92-94 Gipsy Lane
	Leicester
	Leicestershire
	LE4 6RE