United Clothing Limited - Accounts to registrar

REGISTERED NUMBER: 05433336 (England and Wales)

United Clothing Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2016

Page

Company Information

1

Chartered Accountants' Report

2

Abridged Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

Mr A M Duru

SECRETARY:

Mr F Ferhangil

REGISTERED OFFICE:

2nd Floor

10 Hills Place

London

W1F 7SD

REGISTERED NUMBER:

05433336 (England and Wales)

ACCOUNTANTS:

Alton & Co

Chartered Accountants

237 Kennington Lane

London

SE11 5QU

The following reproduces the text of the report prepared for the director and members in respect of

the company's annual unaudited financial statements. In accordance with the Companies Act 2006,

the company is only required to file a Statement of Financial Position. Readers are cautioned that the

Abridged Income Statement and certain other primary statements and the Report of the Director are

not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of United Clothing Limited for the year ended 31 March 2016 which

comprise the Abridged Income Statement, Other Comprehensive Income, Abridged Statement of Financial

Position, and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of United Clothing Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of United Clothing Limited and state those matters that we have agreed to state to the director of United Clothing Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than United Clothing Limited director for our work or for this report.

It is your duty to ensure that United Clothing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of United Clothing Limited. You consider that United Clothing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of United Clothing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Alton & Co

Chartered Accountants

237 Kennington Lane

London

SE11 5QU

30 December 2016

FIXED ASSETS

Tangible assets

4

14,714

3,363

CURRENT ASSETS

Debtors

584,021

554,239

Cash at bank and in hand

70,110

142,340

654,131

696,579

CREDITORS

Amounts falling due within one year

426,403

434,727

NET CURRENT ASSETS

227,728

261,852

TOTAL ASSETS LESS CURRENT
LIABILITIES

242,442

265,215

PROVISIONS FOR LIABILITIES

5

1,890

-

NET ASSETS

240,552

265,215

CAPITAL AND RESERVES

Called up share capital

6

100

Retained earnings

7

240,452

265,115

SHAREHOLDERS' FUNDS

240,552

265,215

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 March 2016 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 30 December 2016 and were signed by:

Mr A M Duru - Director

1.	STATUTORY INFORMATION

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

Preparation of consolidated financial statements

The financial statements contain information about United Clothing Limited as an individual

company and do not contain consolidated financial information as the parent of a group. The company

has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated

financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when the customer takes delivery of the goods and in the case of services

when the company obtains the right to consideration. It is derived from the ordinary activities of the

business.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the statement of financial position date. Transactions in foreign currencies are translated into sterling

at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account

in arriving at the operating result.

Going concern

In the director's assessment of the company's ability to continue as a going concern, there are no

material uncertainties that may cast significant doubt about the company's ability to continue as a

going concern.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2015

111,600

Additions

17,395

At 31 March 2016

128,995

DEPRECIATION

At 1 April 2015

108,237

Charge for year

6,044

At 31 March 2016

114,281

NET BOOK VALUE

At 31 March 2016

14,714

At 31 March 2015

3,363

5.	PROVISIONS FOR LIABILITIES

2016

£

Deferred tax

1,890

Deferred

tax

£

Balance at 1 April 2015

(612

)

Charge to Abridged Income Statement during year

2,502

Balance at 31 March 2016

1,890

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100

7.

RESERVES

Retained

earnings

£

At 1 April 2015

265,115

Profit for the year

5,337

Dividends

(30,000

)

At 31 March 2016

240,452

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £30,000 were paid to the director .

Mr A M Duru

Director and shareholder

An amount of £1,050 (2015- £1,416) is due to him at Balance Sheet date.

United Retail & Sourcing Limited

The company is is control by United Clothing Limited. An amount of £298,334 (2015- £135,653) is

due from the company.

9.	CONTROLLING PARTY

The controlling party is Mr A Duru and his family.

United Clothing Limited - Accounts to registrar - small 16.3d

United Clothing Limited - Accounts to registrar - small 16.3d