REGISTERED NUMBER: |
Strategic Report, Report of the Director and |
Financial Statements |
for the Period 28 October 2021 to 31 October 2022 |
for |
Tiger Lily Garments Ltd |
REGISTERED NUMBER: |
Strategic Report, Report of the Director and |
Financial Statements |
for the Period 28 October 2021 to 31 October 2022 |
for |
Tiger Lily Garments Ltd |
Tiger Lily Garments Ltd (Registered number: 07619081) |
Contents of the Financial Statements |
for the Period 28 October 2021 to 31 October 2022 |
Page |
Company Information | 1 |
Strategic Report | 2 |
Report of the Director | 3 |
Report of the Independent Auditors | 4 |
Income Statement | 7 |
Other Comprehensive Income | 8 |
Statement of Financial Position | 9 |
Statement of Changes in Equity | 10 |
Statement of Cash Flows | 11 |
Notes to the Statement of Cash Flows | 12 |
Notes to the Financial Statements | 13 |
Tiger Lily Garments Ltd |
Company Information |
for the Period 28 October 2021 to 31 October 2022 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Statutory Auditor |
28 Prescott Street |
Halifax |
West Yorkshire |
HX1 2LG |
Tiger Lily Garments Ltd (Registered number: 07619081) |
Strategic Report |
for the Period 28 October 2021 to 31 October 2022 |
The director presents his strategic report for the period 28 October 2021 to 31 October 2022. |
REVIEW OF BUSINESS |
The trading results for the year and the Company's financial position at the period-end are shown in the attached financial statements. |
PRINCIPAL RISKS AND UNCERTAINTIES |
Management continually monitor and assess the risks of the business and aim to eliminate these risks whenever viable to do so. The principle risks and uncertainties facing the business are as follows: |
Economic Downturn |
The company operates with relatively low fixed costs and maintains cash reserves to protect itself from any difficult period. |
Reliance on Key Customers |
The company places heavy reliance on a small customer base which in the context of falling high-street profits could lead to significant loss in revenue. Relationships with company and its customers are deep rooted and remain mutually beneficial throughout changing market conditions. |
Movements in Foreign Exchange |
Several suppliers to the Company are based oversees which generates a foreign exchange risk, they are typically paid in Euros or US Dollars. |
ON BEHALF OF THE BOARD: |
Tiger Lily Garments Ltd (Registered number: 07619081) |
Report of the Director |
for the Period 28 October 2021 to 31 October 2022 |
The director presents his report with the financial statements of the company for the period 28 October 2021 to 31 October 2022. |
PRINCIPAL ACTIVITY |
The principal activity of the company in the period under review was that of Fashion Retail. |
DIVIDENDS |
A final dividend of £5,998,911.00 was issued to the holding company, New Black Holding Limited, in the year ending to 31 October 2022. |
FUTURE DEVELOPMENTS |
The directors are not expecting to make any significant changes to the nature of the business in the near future. |
DIRECTORS |
Other changes in directors holding office are as follows: |
STATEMENT OF DIRECTOR'S RESPONSIBILITIES |
The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations. |
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to: |
- | select suitable accounting policies and then apply them consistently; |
- | make judgements and accounting estimates that are reasonable and prudent; |
- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS |
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information. |
AUDITORS |
The auditors, Lindley Adams Limited Chartered Accountants, will be proposed for re-appointment at the forthcoming Annual General Meeting. |
ON BEHALF OF THE BOARD: |
Report of the Independent Auditors to the Members of |
Tiger Lily Garments Ltd |
Qualified Opinion |
We have audited the financial statements of Tiger Lily Garments Ltd (the 'company') for the period ended 31 October 2022 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). |
In our opinion, except for the matters described in the basis for qualified opinion section the financial statements: |
- Give a true and fair view of the company's affairs as at 31 October 2022 and of its profit for the period then ended; |
- Have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
- Have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for Qualified Opinion |
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. We were unable to satisfy ourselves that debtors and creditors for periods up to the 31 October 2021 were correctly stated or that stock had been fully accounted for at any time prior to the 31 October 2022. We were unable to determine whether any further adjustments are needed in these contexts. |
Conclusions Relating to Going Concern |
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. |
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. |
Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report. |
Other Information |
The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon. |
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. |
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. |
Opinions on Other Matters Prescribed by the Companies Act 2006 |
In our opinion, based on the work undertaken in the course of the audit: |
- | the information given in the Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
- | the Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements. |
Report of the Independent Auditors to the Members of |
Tiger Lily Garments Ltd |
Matters on which we are required to report by exception |
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Director. |
Except for matters referred to in the basis for our qualified opinion, we have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: |
- adequate accounting records have not been kept; or |
- adequate returns for our audit have not been received from branches not visited by us; or |
- the financial statements are not in agreement with the accounting records and returns; or |
- certain disclosures of director's remuneration specified by law are not made; or |
- we have not received all the information and explanations we require for our audit; or |
- the director was not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Director. |
Responsibilities of director |
As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. |
In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so. |
Report of the Independent Auditors to the Members of |
Tiger Lily Garments Ltd |
Auditors' responsibilities for the audit of the financial statements |
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. |
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: |
As part of our audit, we determined a level for materiality and assessed the risk of material misstatement in the financial statements. Based on our understanding of the company and discussions with the management, we gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates. We identified the laws and regulations which we considered to have a direct effect on the financial statements and considered that the most significant are the Companies Act 2006, Financial Reporting Standards and UK tax legislation. |
The engagement partner assessed that the engagement team had the appropriate competence and capabilities to identify or recognise non-compliance with the laws and regulations. |
We enquired with management and those charged with governance as to any known instances of non-compliance or suspected non-compliance with laws and regulations including fraud. We also designed specific appropriate audit procedures including: |
- Agreeing financial statement disclosures to supporting documentation. |
- Analytical procedures to identify any unusual or unexpected relationships. |
- Testing appropriateness of journal entries. |
- Review of accounting estimates for potential bias. |
- Enquire with management as to actual and potential litigation and claims. |
- Review of correspondence. |
We are not aware of any actual or suspected non-compliance with laws and regulations, and we are not responsible for preventing or detecting non-compliance with all laws and regulations. The primary responsibility for the prevention and detection of fraud rests with management and those charged with governance. |
There are inherent limitations in audit procedures and there is an unavoidable risk that we may not have detected material misstatements within the financial statements, even though the audit is properly planned and performed in accordance with ISA's UK. The further removed non-compliance with laws and regulations are from the events and transactions reflected in the financial statements, the less likely we are to become aware of it. The risk of not detecting a material misstatement due to fraud is higher than the risk due to error as fraud may involve a deliberate concealment or collusion. |
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors. |
Use of our report |
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed. |
for and on behalf of |
Statutory Auditor |
28 Prescott Street |
Halifax |
West Yorkshire |
HX1 2LG |
Tiger Lily Garments Ltd (Registered number: 07619081) |
Income Statement |
for the Period 28 October 2021 to 31 October 2022 |
Period | Period |
28.10.21 | 1.11.20 |
to | to |
31.10.22 | 27.10.21 |
as restated |
Notes | £ | £ |
TURNOVER |
Cost of sales | ( | ) | ( | ) |
GROSS PROFIT |
Administrative expenses | ( | ) | ( | ) |
(132,147 | ) | 512,049 |
Other operating income |
OPERATING (LOSS)/PROFIT and |
(LOSS)/PROFIT BEFORE TAXATION | ( | ) |
Tax on (loss)/profit | 5 | ( | ) |
(LOSS)/PROFIT FOR THE FINANCIAL PERIOD | ( | ) |
Tiger Lily Garments Ltd (Registered number: 07619081) |
Other Comprehensive Income |
for the Period 28 October 2021 to 31 October 2022 |
Period | Period |
28.10.21 | 1.11.20 |
to | to |
31.10.22 | 27.10.21 |
as restated |
Notes | £ | £ |
(LOSS)/PROFIT FOR THE PERIOD | (109,288 | ) | 645,371 |
OTHER COMPREHENSIVE INCOME | - | - |
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD | ( | ) |
Note |
Prior year adjustment | 7 | (108,621 | ) | 1,268,638 |
TOTAL COMPREHENSIVE INCOME SINCE LAST ANNUAL REPORT | (217,909 | ) | 1,914,009 |
Tiger Lily Garments Ltd (Registered number: 07619081) |
Statement of Financial Position |
31 October 2022 |
31.10.22 | 27.10.21 |
as restated |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 9 |
CURRENT ASSETS |
Stocks | 10 |
Debtors | 11 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 12 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 13 |
NET ASSETS | 1,795,750 | 7,903,949 |
CAPITAL AND RESERVES |
Called up share capital | 14 | 1 | 1 |
Retained earnings | 15 | 1,795,749 | 7,903,948 |
SHAREHOLDERS' FUNDS | 1,795,750 | 7,903,949 |
The financial statements were approved by the director and authorised for issue on |
Tiger Lily Garments Ltd (Registered number: 07619081) |
Statement of Changes in Equity |
for the Period 28 October 2021 to 31 October 2022 |
Called up |
share | Retained | Total |
capital | earnings | equity |
£ | £ | £ |
Balance at 1 November 2020 | 1 | 5,989,939 | 5,989,940 |
Prior year adjustment | - | 1,268,638 | 1,268,638 |
As restated | 1 | 7,258,577 | 7,258,578 |
Changes in equity |
Total comprehensive income | - | 753,992 | 753,992 |
Balance at 27 October 2021 | 1 | 8,012,569 | 8,012,570 |
Prior year adjustment | - | (108,621 | ) | (108,621 | ) |
As restated | 1 | 7,903,948 | 7,903,949 |
Changes in equity |
Dividends | - | ( | ) | ( | ) |
Total comprehensive income | - | (109,288 | ) | (109,288 | ) |
Balance at 31 October 2022 | 1 | 1,795,749 | 1,795,750 |
Tiger Lily Garments Ltd (Registered number: 07619081) |
Statement of Cash Flows |
for the Period 28 October 2021 to 31 October 2022 |
Period | Period |
28.10.21 | 1.11.20 |
to | to |
31.10.22 | 27.10.21 |
as restated |
Notes | £ | £ |
Cash flows from operating activities |
Cash generated from operations | 1 | ( | ) | ( | ) |
Tax paid | ( | ) | ( | ) |
Net cash from operating activities | ( | ) | ( | ) |
Cash flows from financing activities |
Amount introduced by directors | 172,857 | - |
Amount withdrawn by directors | (50,000 | ) | - |
Equity dividends paid | ( | ) |
Net cash from financing activities | ( | ) |
Decrease in cash and cash equivalents | ( | ) | ( | ) |
Cash and cash equivalents at beginning of period | 2 | 8,692,022 |
Cash and cash equivalents at end of period | 2 | 814,906 | 7,812,604 |
Tiger Lily Garments Ltd (Registered number: 07619081) |
Notes to the Statement of Cash Flows |
for the Period 28 October 2021 to 31 October 2022 |
1. | RECONCILIATION OF (LOSS)/PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS |
Period | Period |
28.10.21 | 1.11.20 |
to | to |
31.10.22 | 27.10.21 |
as restated |
£ | £ |
(Loss)/profit before taxation | ( | ) |
Depreciation charges |
(Decrease)/increase in other cash items | (86,815 | ) | 1,224,320 |
prior year adjustment | 108,621 | - |
(104,456 | ) | 2,052,937 |
Increase in stocks | ( | ) | ( | ) |
Increase in trade and other debtors | ( | ) | ( | ) |
Increase/(decrease) in trade and other creditors | ( | ) |
Cash generated from operations | ( | ) | ( | ) |
2. | CASH AND CASH EQUIVALENTS |
The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts: |
Period ended 31 October 2022 |
31.10.22 | 28.10.21 |
£ | £ |
Cash and cash equivalents | 814,906 | 7,812,604 |
Period ended 27 October 2021 |
27.10.21 | 1.11.20 |
as restated |
£ | £ |
Cash and cash equivalents | 7,812,604 | 8,692,022 |
3. | ANALYSIS OF CHANGES IN NET FUNDS |
At 28.10.21 | Cash flow | At 31.10.22 |
£ | £ | £ |
Net cash |
Cash at bank and in hand | 7,812,604 | (6,997,698 | ) | 814,906 |
7,812,604 | ( | ) | 814,906 |
Total | 7,812,604 | (6,997,698 | ) | 814,906 |
Tiger Lily Garments Ltd (Registered number: 07619081) |
Notes to the Financial Statements |
for the Period 28 October 2021 to 31 October 2022 |
1. | STATUTORY INFORMATION |
Tiger Lily Garments Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
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 |
Fixtures and equipment | - |
Computer equipment | - |
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 period 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 statement of financial position date. |
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. |
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 period 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. |
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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Tiger Lily Garments Ltd (Registered number: 07619081) |
Notes to the Financial Statements - continued |
for the Period 28 October 2021 to 31 October 2022 |
2. | ACCOUNTING POLICIES - continued |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
Loan interest |
Interest on loans are recognised at the time of receipt. |
3. | EMPLOYEES AND DIRECTORS |
Period | Period |
28.10.21 | 1.11.20 |
to | to |
31.10.22 | 27.10.21 |
as restated |
£ | £ |
Wages and salaries |
Social security costs |
Other pension costs |
The average number of employees during the period was as follows: |
Period | Period |
28.10.21 | 1.11.20 |
to | to |
31.10.22 | 27.10.21 |
as restated |
Period | Period |
28.10.21 | 1.11.20 |
to | to |
31.10.22 | 27.10.21 |
as restated |
£ | £ |
Directors' remuneration |
4. | OPERATING (LOSS)/PROFIT |
The operating loss (2021 - operating profit) is stated after charging: |
Period | Period |
28.10.21 | 1.11.20 |
to | to |
31.10.22 | 27.10.21 |
as restated |
£ | £ |
Other operating leases |
Depreciation - owned assets |
Auditors' remuneration |
The auditing of accounts of any associate of the company |
Foreign exchange differences |
Tiger Lily Garments Ltd (Registered number: 07619081) |
Notes to the Financial Statements - continued |
for the Period 28 October 2021 to 31 October 2022 |
5. | TAXATION |
Analysis of the tax (credit)/charge |
The tax (credit)/charge on the loss for the period was as follows: |
Period | Period |
28.10.21 | 1.11.20 |
to | to |
31.10.22 | 27.10.21 |
as restated |
£ | £ |
Current tax: |
UK corporation tax |
Deferred tax | ( | ) | ( | ) |
Tax on (loss)/profit | ( | ) |
6. | DIVIDENDS |
Period | Period |
28.10.21 | 1.11.20 |
to | to |
31.10.22 | 27.10.21 |
as restated |
£ | £ |
ORDINARY share of 1 |
Final |
7. | PRIOR YEAR ADJUSTMENT |
Adjustment has been made in respect of non-payable debtors and liabilities recognised before 31 October 2019. |
8. | PENSION COMMITMENTS |
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately to those of the Company to an independently administered fund. The pension cost during the year was £21,864 (2021 - £13,364) and represents contributions payable by the Company. Contributions totalling NIL (2021 - NIL) were outstanding at the year end. |
9. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
equipment | equipment | Totals |
£ | £ | £ |
COST |
At 28 October 2021 |
and 31 October 2022 |
DEPRECIATION |
At 28 October 2021 |
Charge for period |
At 31 October 2022 |
NET BOOK VALUE |
At 31 October 2022 |
At 27 October 2021 |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Tiger Lily Garments Ltd (Registered number: 07619081) |
Notes to the Financial Statements - continued |
for the Period 28 October 2021 to 31 October 2022 |
10. | STOCKS |
31.10.22 | 27.10.21 |
as restated |
£ | £ |
Stocks |
11. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.22 | 27.10.21 |
as restated |
£ | £ |
Trade debtors |
Loans Due | 584,470 | 284,500 |
New Black Investment | 500,500 | 750,000 |
New Black Holdings | 702,489 | - |
Directors' current accounts | 54,822 | 177,679 |
Prepayments |
12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.22 | 27.10.21 |
as restated |
£ | £ |
Trade creditors |
Tax |
Social security and other taxes |
VAT | 1,715,504 | 1,075,626 |
Other creditors |
Other Creditors Accruals | 315,630 | 357,026 |
13. | PROVISIONS FOR LIABILITIES |
31.10.22 | 27.10.21 |
as restated |
£ | £ |
Deferred tax | - | 1,053 |
Deferred |
tax |
£ |
Balance at 28 October 2021 |
Unused amounts reversed during period | ( | ) |
Balance at 31 October 2022 |
14. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.10.22 | 27.10.21 |
value: | as restated |
£ | £ |
ORDINARY | 1 | 1 | 1 |
Tiger Lily Garments Ltd (Registered number: 07619081) |
Notes to the Financial Statements - continued |
for the Period 28 October 2021 to 31 October 2022 |
15. | RESERVES |
Retained |
earnings |
£ |
At 28 October 2021 | 8,012,569 |
Prior year adjustment | (108,621 | ) |
7,903,948 |
Deficit for the period | (109,288 | ) |
Dividends | ( | ) |
At 31 October 2022 | 1,795,749 |
16. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the periods ended 31 October 2022 and 27 October 2021: |
31.10.22 | 27.10.21 |
as restated |
£ | £ |
Balance outstanding at start of period |
Amounts advanced |
Amounts repaid | ( | ) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period |
17. | ULTIMATE CONTROLLING PARTY |
The company which is a wholly owned subsidiary of New Black Holding Limited is ultimately controlled by Anjum Suhail as a result of his 100% ownership of the shareholding of New Black Holding Limited. |