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Registered number: 11223436
Tribe Yarns Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2025
Halcyon Accountancy
Chartered Certified Accountants
26 Coltsfoot Road
Ware
Hertfordshire
SG12 7NW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11223436
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,448 19,602
16,448 19,602
CURRENT ASSETS
Stocks 5 23,956 52,223
Debtors 6 82,336 11,380
Cash at bank and in hand 239,290 160,566
345,582 224,169
Creditors: Amounts Falling Due Within One Year 7 (140,577 ) (116,906 )
NET CURRENT ASSETS (LIABILITIES) 205,005 107,263
TOTAL ASSETS LESS CURRENT LIABILITIES 221,453 126,865
NET ASSETS 221,453 126,865
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 221,451 126,863
SHAREHOLDERS' FUNDS 221,453 126,865
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For the year ending 31 August 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Milli Abrams
Director
14 May 2026
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Tribe Yarns Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11223436 . The registered office is 17 Sudbury Avenue, Wembley, HA0 3AN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold over life of the lease
Plant & Machinery 25% straight line
Motor Vehicles 18% reducing balance
Fixtures & Fittings 33% straight line
Computer Equipment 33% striaght line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. 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 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 September 2024 2,626 888 25,126 12,226
Additions - - - 2,295
As at 31 August 2025 2,626 888 25,126 14,521
Depreciation
As at 1 September 2024 2,626 888 9,046 10,391
Provided during the period - - 4,523 1,702
As at 31 August 2025 2,626 888 13,569 12,093
Net Book Value
As at 31 August 2025 - - 11,557 2,428
As at 1 September 2024 - - 16,080 1,835
Computer Equipment Total
£ £
Cost
As at 1 September 2024 13,219 54,085
Additions 2,428 4,723
As at 31 August 2025 15,647 58,808
Depreciation
As at 1 September 2024 11,532 34,483
Provided during the period 1,652 7,877
As at 31 August 2025 13,184 42,360
Net Book Value
As at 31 August 2025 2,463 16,448
As at 1 September 2024 1,687 19,602
5. Stocks
2025 2024
£ £
Finished goods 23,956 52,223
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6. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 77,778 11,380
Other taxes and social security 4,558 -
82,336 11,380
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 44,594 61,079
Corporation tax 42,151 28,163
Other taxes and social security - 465
VAT 15,492 9,869
Net wages 8,240 3,300
Other creditors 16,249 5,135
Other creditors (1) 10,126 -
Accruals and deferred income 550 550
Directors' loan accounts 3,175 8,345
140,577 116,906
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
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