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Registered number: 07709610
Cloth Surgeon Limited
UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
Prepared By:
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU
Cloth Surgeon Limited
ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
DIRECTORS
R Matharu
REGISTERED OFFICE
40 Savile Row
London
W1S 3QG
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07709610
ACCOUNTANTS
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU
Cloth Surgeon Limited
ACCOUNTS
FOR THEYEARENDED31 MARCH 2025
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Cloth Surgeon Limited
BALANCE SHEET AT 31 March 2025
20252024
Notes££
FIXED ASSETS
Tangible assets333,69744,492
CURRENT ASSETS
Stock4170,155123,742
Debtors586,66887,920
Current Asset Investments628,80028,800
Cash at bank and in hand12,632107,283
298,255347,745
CREDITORS: Amounts falling due within one year749,25764,061
NET CURRENT ASSETS248,998283,684
TOTAL ASSETS LESS CURRENT LIABILITIES282,695328,176
CREDITORS: Amounts falling due after more than one year810,500-
NET ASSETS272,195328,176
CAPITAL AND RESERVES
Called up share capital911
Profit and loss account272,194328,175
SHAREHOLDERS' FUNDS272,195328,176
For the year ending 31 March 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 29 December 2025 and signed on their behalf by
.............................
R Matharu
Director
Cloth Surgeon Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Fixtures and Fittingsreducing balance 15%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
Cloth Surgeon Limited
1e. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1f. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.
1g. Turnover
Turnover is derived from the manufacture of leather clothes supplied by the company, net of value added tax and trade discounts and is recognised when goods are delivered.
1h. Statutory Information
Cloth Surgeon Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered number is 07709610 and registered office address is 40 Savile Row, London, England, W1S 3QG.
1i. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments.
2. EMPLOYEES
20252024
No.No.
Average number of employees55
Cloth Surgeon Limited
3. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsMotor CarsTotal
££££
Cost
At 1 April 202437,9161,49530,60070,011
Additions-216-216
At 31 March 202537,9161,71130,60070,227
Depreciation
At 1 April 202418,1273797,01325,519
For the year4,9471675,89711,011
At 31 March 202523,07454612,91036,530
Net Book Amounts
At 31 March 202514,8421,16517,69033,697
At 31 March 202419,7891,11623,58744,492
4. STOCK 20252024
££
Stock comprises:
Stock170,155123,742
170,155123,742
5. DEBTORS 20252024
££
Amounts falling due within one year
Trade debtors37,25037,250
Other debtors46,48550,670
Directors current account2,933-
86,66887,920
6. CURRENT ASSET INVESTMENTS
20252024
££
Other investments28,80028,800
28,80028,800
Cloth Surgeon Limited
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
Taxation and social security 8,5915,166
Salaries and wages control2,5611,707
Directors current account-2,837
Bank Loan10,25727,395
Trade creditors18,48025,411
Other creditors609628
Pension schemes159317
Accruals8,600600
49,25764,061
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20252024
££
Bank loans (unsecured) >1yr10,500-
10,500-
9. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
1 Ordinary shares of £1.00 each11
11
10. RELATED PARTY TRANSACTIONS
At the balance sheet date, director of the company, had advances of loans of £2,933(Last year £Nil). The maximum amount advanced in the year was £2,933. This loan was interest free.