Natasha Schoolwear Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 10425568 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2022

FOR

NATASHA SCHOOLWEAR LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs M Rasool

REGISTERED OFFICE:

1-3 Buxton Way

Huddersfield

HD1 2UL

REGISTERED NUMBER:

10425568 (England and Wales)

ACCOUNTANTS:

DBF Associates

Chartered Accountants

South Cheetham B C

10 Park Place

Manchester

Lancashire

M4 4EY

FIXED ASSETS

Tangible assets

4

1,190

1,586

CURRENT ASSETS

Stocks

84,560

79,526

Debtors

5

6,746

9,642

Cash at bank and in hand

70,028

36,175

161,334

125,343

CREDITORS

Amounts falling due within one year

6

44,633

46,607

NET CURRENT ASSETS

116,701

78,736

TOTAL ASSETS LESS CURRENT LIABILITIES

117,891

80,322

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

117,791

80,222

SHAREHOLDERS' FUNDS

117,891

80,322

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27th March 2023 and were signed by:

Mrs M Rasool - Director

1.	STATUTORY INFORMATION

Natasha Schoolwear Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st November 2021

and 31st October 2022

2,115

DEPRECIATION

At 1st November 2021

529

Charge for year

396

At 31st October 2022

925

NET BOOK VALUE

At 31st October 2022

1,190

At 31st October 2021

1,586

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

-

9,632

Other debtors

6,746

10

6,746

9,642

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

(1

)

19,762

Taxation and social security

4,634

26,845

Other creditors

40,000

-

44,633

46,607

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

300

Ordinary Share Capital

1

100

100

8.

RESERVES

Retained

earnings

£

At 1st November 2021

80,222

Profit for the year

43,569

Dividends

(6,000

)

At 31st October 2022

117,791