Company registration number 13752273 (England and Wales)
ROBERT BUNNEY COUNTRYWEAR LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
ROBERT BUNNEY COUNTRYWEAR LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
ROBERT BUNNEY COUNTRYWEAR LTD
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
34,728
39,857
Tangible assets
4
22,849
29,427
57,577
69,284
Current assets
Stocks
225,977
223,899
Debtors
5
198,155
2,905
Cash at bank and in hand
25,084
10,199
449,216
237,003
Creditors: amounts falling due within one year
6
(379,548)
(251,031)
Net current assets/(liabilities)
69,668
(14,028)
Total assets less current liabilities
127,245
55,256
Creditors: amounts falling due after more than one year
7
(52,928)
-
Provisions for liabilities
(4,341)
(5,591)
Net assets
69,976
49,665
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
69,876
49,565
Total equity
69,976
49,665
ROBERT BUNNEY COUNTRYWEAR LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The 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 directors acknowledge their 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 directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 7 June 2025 and are signed on its behalf by:
Mr N L Pickles
Director
Company registration number 13752273 (England and Wales)
ROBERT BUNNEY COUNTRYWEAR LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Robert Bunney Countrywear Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 17-19 Main Street, Grassington, Skipton, North Yorkshire, BD23 5AD.

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 amounts 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
Going concern

The company is reliant upon the financial support of its directors and external finance providers. The directors are not aware of any reason why this support will not be maintained for the foreseeable future. As a result, the directors have continued to adopt the going concern basis in preparing the financial statements.true

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.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

 

1.5
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 and fittings
20% 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.

1.6
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.

 

ROBERT BUNNEY COUNTRYWEAR LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

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.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

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:

2025
2024
Number
Number
Total
7
5
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
51,287
Amortisation and impairment
At 1 April 2024
11,430
Amortisation charged for the year
5,129
At 31 March 2025
16,559
Carrying amount
At 31 March 2025
34,728
At 31 March 2024
39,857
ROBERT BUNNEY COUNTRYWEAR LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
41,102
Additions
1,370
At 31 March 2025
42,472
Depreciation and impairment
At 1 April 2024
11,675
Depreciation charged in the year
7,948
At 31 March 2025
19,623
Carrying amount
At 31 March 2025
22,849
At 31 March 2024
29,427
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
198,155
2,905

Other debtors comprises prepayments £198,137 (2024 £2,905). Within prepayments is £197,950 which relates to a deposit and fees paid in advance for a commercial property that was acquired shortly after the year end.

6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
48,572
-
0
Trade creditors
-
0
107
Taxation and social security
12,809
9,471
Other creditors
318,167
241,453
379,548
251,031

Other creditors includes a loan from a connected party £159,500 (2024: £205,250) and amounts owed to the director £126,025 (2024: £34,000).

ROBERT BUNNEY COUNTRYWEAR LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
52,928
-
0

The bank loan is secured by a guarantee from the directors.

8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
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