Company Registration No. 6970840 (England and Wales)
Fine Hosiery Ltd
Unaudited accounts
for the year ended 31 July 2025
Fine Hosiery Ltd
Unaudited accounts
Contents
Fine Hosiery Ltd
Company Information
for the year ended 31 July 2025
Director
Hershel Moskowitz
Company Number
6970840 (England and Wales)
Registered Office
63 Leadale Road
London
N16 6DG
United Kingdom
Fine Hosiery Ltd
Statement of financial position
as at 31 July 2025
Tangible assets
58,496
70,900
Inventories
280,486
234,300
Cash at bank and in hand
20,165
11,730
Creditors: amounts falling due within one year
(604,344)
(520,533)
Net current assets
292,764
345,428
Total assets less current liabilities
351,260
416,328
Creditors: amounts falling due after more than one year
(40,127)
(73,676)
Net assets
311,133
342,652
Called up share capital
1,000
1,000
Profit and loss account
310,133
341,652
Shareholders' funds
311,133
342,652
For the year ending 31 July 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 July 2026 and were signed on its behalf by
Hershel Moskowitz
Director
Company Registration No. 6970840
Fine Hosiery Ltd
Notes to the Accounts
for the year ended 31 July 2025
Fine Hosiery Ltd is a private company, limited by shares, registered in England and Wales, registration number 6970840. The registered office is 63 Leadale Road, London, N16 6DG, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance Basis
Fixtures & fittings
15% Reducing Balance Basis
Computer equipment
33% Reducing Balance Basis
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Fine Hosiery Ltd
Notes to the Accounts
for the year ended 31 July 2025
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Tangible fixed assets
Total
Charge for the year
12,404
5
Transactions with related parties
Included within debtors is an amount of £471,687 (2024: £495,188) due from a company with a director in common with this company.
Included within creditors are amounts aggregating to £233,205 (2024: £41,994) owed to companies with a director in common with this company.
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Average number of employees
During the year the average number of employees was 5 (2024: 5).