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Registration number: 05184655

Wisla Narrow Fabrics Limited
Unaudited Financial Statements
for the Year Ended 31 December 2024

Wisla Narrow Fabrics Limited

Contents

Statement of Financial Position | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 11

Wisla Narrow Fabrics Limited

(Registration number: 05184655)
Statement of Financial Position as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Intangible assets | 4 | 4,451 | 6,796
Tangible assets | 5 | 214,384 | 269,462
|  | 218,835 | 276,258
Current assets |  |  |
Stocks | 6 | 448,757 | 410,595
Debtors | 7 | 414,066 | 402,720
Cash at bank and in hand |  | 52,246 | 71,852
|  | 915,069 | 885,167
Creditors: Amounts falling due within one year | 8 | (223,401) | (251,874)
Net current assets |  | 691,668 | 633,293
Total assets less current liabilities |  | 910,503 | 909,551
Creditors: Amounts falling due after more than one year | 8 | (10,680) | (45,146)
Provisions for liabilities |  | (41,035) | (52,029)
Net assets |  | 858,788 | 812,376
Capital and reserves |  |  |
Called up share capital |  | 200 | 200
Revaluation reserve |  | 35,858 | 54,000
Retained earnings |  | 822,730 | 758,176
Shareholders' funds |  | 858,788 | 812,376

Wisla Narrow Fabrics Limited

(Registration number: 05184655)
Statement of Financial Position as at 31 December 2024

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 9 September 2025 and signed on its behalf by:

......................................... Edward P Kozaczek Director |  |

Wisla Narrow Fabrics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 1 Littlemoss Business Park
Littlemoss Road
Droylsden
Manchester
Lancashire
M43 7EF

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
The turnover in the opinion of the directors which is attributable to markets outside the UK is approximately 21.0% (2023 31.0%).

Government grants

Government grants in respect of capital expenditure are credited to a deferred income account and are released to the income statement over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Wisla Narrow Fabrics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Foreign currency transactions and balances

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold.
Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on the tax rates and laws enacted or substantively enacted at the balance sheet date.

Tangible assets

Tangible assets are stated in the statement of financial position on cost or valuation, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Property | 10% cost
Plant & Machinery | 10% cost
Fixtures & Fittings | 10% cost
Motor Vehicles | 33.3% cost

Wisla Narrow Fabrics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Computer Equipment | 33.3% cost

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.
Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Patent costs | 10% cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as
operating leases. Payments made under operating leases are charged to the income statement on a straight-line basis over the period of the lease.
Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the income statement over the period of the lease on a straight line basis. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract on a straight line basis.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Wisla Narrow Fabrics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 25 (2023 - 27).

Wisla Narrow Fabrics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4 | Intangible assets

| Trademarks, patents and licenses £ | Total £
Cost or valuation
At 1 January 2024 | 28,141 | 28,141
At 31 December 2024 | 28,141 | 28,141
Amortisation
At 1 January 2024 | 21,345 | 21,345
Amortisation charge | 2,345 | 2,345
At 31 December 2024 | 23,690 | 23,690
Carrying amount
At 31 December 2024 | 4,451 | 4,451
At 31 December 2023 | 6,796 | 6,796

Wisla Narrow Fabrics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Plant and Machinery £ | Total £
Cost or valuation
At 1 January 2024 | 63,453 | 80,522 | 69,354 | 396,352 | 609,681
Additions | - | 6,768 | - | 7,031 | 13,799
Disposals | - | - | - | (695) | (695)
At 31 December 2024 | 63,453 | 87,290 | 69,354 | 402,688 | 622,785
Depreciation
At 1 January 2024 | 57,589 | 36,289 | 11,396 | 234,945 | 340,219
Charge for the year | 914 | 8,012 | 23,115 | 36,628 | 68,669
Eliminated on disposal | - | - | - | (487) | (487)
At 31 December 2024 | 58,503 | 44,301 | 34,511 | 271,086 | 408,401
Carrying amount
At 31 December 2024 | 4,950 | 42,989 | 34,843 | 131,602 | 214,384
At 31 December 2023 | 5,864 | 44,233 | 57,958 | 161,407 | 269,462

6 | Stocks

| 2024 £ | 2023 £
Other inventories | 448,757 | 410,595

Wisla Narrow Fabrics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7 | Debtors

Current | 2024 £ | 2023 £
Trade debtors | 293,259 | 316,229
Prepayments | 51,547 | 40,821
Other debtors | 69,260 | 45,670
| 414,066 | 402,720

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Loans and borrowings |  | 34,466 | 35,654
Trade creditors |  | 62,453 | 47,809
Taxation and social security |  | 103,764 | 121,466
Accruals and deferred income |  | 15,676 | 23,552
Other creditors |  | 7,042 | 23,393
|  | 223,401 | 251,874

Creditors due within one year include hire purchase contracts which are secured on the underlying assets of £18,308 (2023 - £18,308).

Current loans and borrowings

| 2024 £ | 2023 £
HP and finance lease liabilities | 18,308 | 18,308
Other borrowings | 16,158 | 17,346
| 34,466 | 35,654

Creditors: amounts falling due after more than one year

| Note | 2024 £ | 2023 £
Due after one year |  |  |
Loans and borrowings |  | 10,680 | 45,146

Creditors due after one year include hire purchase contracts which are secured on the underlying assets of £10,680 (2023 - £28,988).

Wisla Narrow Fabrics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Non-current loans and borrowings

| 2024 £ | 2023 £
HP and finance lease liabilities | 10,680 | 28,988
Other borrowings | - | 16,158
| 10,680 | 45,146

9 | Related party transactions

Transactions with directors
At the year end Mr E Kozaczek owed the company £14,343 and Mrs I Kozaczek owed the company £17,595. Interest has been charged at 2.25% on the balance which is repayable on demand. These amounts are included within other debtors.

10 | Non adjusting events after the financial period

Following the year end, there has been a change in ownership of the company. The company is now under the control of Wisla Topco Limited, incorporated in England and Wales.

Wisla Narrow Fabrics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

11 | Financial commitments, guarantees and contingencies

The total amount of financial commitments not included in the balance sheet is £703,643 (2023 - £831,578). As at 31 December 2024 the company had annual rent commitments under non-cancellable operating leases. This is for a contractual period of 10 years beginning on the 8 June 2020 and finishing on the 7 June 2030. The rental expense per annum is £127,935.