Company Registration No. 06531774 (England and Wales)
TARA CLOTHING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
TARA CLOTHING LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
TARA CLOTHING LIMITED
BALANCE SHEET
AS AT
30 MARCH 2026
30 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
4
3,190
4,253
Current assets
Stocks
11,793
13,131
Debtors
5
23,868
29,714
Cash at bank and in hand
3
6,862
35,664
49,707
Creditors: amounts falling due within one year
6
(23,147)
(16,076)
Net current assets
12,517
33,631
Net assets
15,707
37,884
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
15,607
37,784
Total equity
15,707
37,884

For the financial year ended 30 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 11 August 2026
Mr T T Rafferty
Director
Company registration number 06531774 (England and Wales)
TARA CLOTHING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2026
- 2 -
1
Accounting policies
Company information

Tara Clothing Limited is a private company limited by shares incorporated in England and Wales. The registered office is 7B Whitburn Street, Bridgnorth, Shropshire, WV16 4QN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Reporting period

The following financial statements represent the period 1 April 2024 to 30 March 2025.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
15% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

TARA CLOTHING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 MARCH 2026
1
Accounting policies
(Continued)
- 3 -

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Taxation

The tax expense represents the sum of the tax currently payable. D eferred tax is not provided for, on the basis that it is immaterial.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
4
4
3
Intangible fixed assets
Goodwill
£
Cost
At 31 March 2025 and 30 March 2026
70,000
Amortisation and impairment
At 31 March 2025 and 30 March 2026
70,000
Carrying amount
At 30 March 2026
-
0
At 30 March 2025
-
0
TARA CLOTHING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 MARCH 2026
- 4 -
4
Tangible fixed assets
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
Cost
At 31 March 2025 and 30 March 2026
102,045
13,437
115,482
Depreciation and impairment
At 31 March 2025
102,044
9,185
111,229
Depreciation charged in the year
-
0
1,063
1,063
At 30 March 2026
102,044
10,248
112,292
Carrying amount
At 30 March 2026
1
3,189
3,190
At 30 March 2025
1
4,252
4,253
5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Other debtors
22,908
29,523
Prepayments and accrued income
960
191
23,868
29,714
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
4,754
-
0
Trade creditors
12,304
7,458
Corporation tax
-
0
504
Other taxation and social security
3,164
5,189
Accruals and deferred income
2,925
2,925
23,147
16,076
7
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
TARA CLOTHING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 MARCH 2026
- 5 -
8
Directors' transactions

Dividends totalling £11,000 (2025 - £11,000) were paid in the year in respect of shares held by the company's directors.

Advances or credits have been granted by the company to its directors as follows:

The advance to the director was repaid in full within 9 months of the year end.

Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Interest free loan
-
29,523
22,908
(29,523)
22,908
29,523
22,908
(29,523)
22,908
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