REGISTERED NUMBER: 01660050 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

ALDER SPORTSWEAR LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N Colwill

J Colwill

S A Hodgetts

R J Westlake

G D Williams

E R Williams

SECRETARY:

S L Trewin

REGISTERED OFFICE:

Alder Farm

Lewdown

Nr Okehampton

Devon

EX20 4PJ

REGISTERED NUMBER:

01660050 (England and Wales)

ACCOUNTANTS:

Gravita Western Limited

Keble House

Southernhay Gardens

Exeter

Devon

EX1 1NT

FIXED ASSETS

Tangible assets

4

22,817

32,439

Investments

5

119

119

22,936

32,558

CURRENT ASSETS

Stocks

1,387,074

2,325,968

Debtors

6

431,068

491,873

Cash at bank and in hand

409,435

25,854

2,227,577

2,843,695

CREDITORS

Amounts falling due within one year

7

(161,939

)

(232,157

)

NET CURRENT ASSETS

2,065,638

2,611,538

TOTAL ASSETS LESS CURRENT LIABILITIES

2,088,574

2,644,096

CREDITORS

Amounts falling due after more than one year

8

(102,078

)

(158,610

)

PROVISIONS FOR LIABILITIES

(2,510

)

(3,851

)

NET ASSETS

1,983,986

2,481,635

CAPITAL AND RESERVES

Called up share capital

85,450

85,450

Share premium

16,356

16,356

Retained earnings

1,882,180

2,379,829

1,983,986

2,481,635

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

G D Williams - Director

1.	COMPANY INFORMATION

Alder Sportswear 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in 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 represents amounts chargeable in respect of the sale of goods to customers falling within the company's ordinary activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

Tangible fixed assets

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

Short leasehold

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

33% on reducing balance

Stocks

Stocks are stated at the lower of cost and net realisable value. 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.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

Cash and cash equivalents

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Foreign currencies

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 transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme for staff and 4 directors. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Short

Plant and

Motor

leasehold

machinery

vehicles

Totals

£

£

£

£

COST

At 1 January 2024

159,415

208,695

71,727

439,837

Disposals

-

-

(9,500

)

(9,500

)

At 31 December 2024

159,415

208,695

62,227

430,337

DEPRECIATION

At 1 January 2024

142,379

204,208

60,811

407,398

Charge for year

4,259

1,122

3,588

8,969

Eliminated on disposal

-

-

(8,847

)

(8,847

)

At 31 December 2024

146,638

205,330

55,552

407,520

NET BOOK VALUE

At 31 December 2024

12,777

3,365

6,675

22,817

At 31 December 2023

17,036

4,487

10,916

32,439

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

119

NET BOOK VALUE

At 31 December 2024

119

At 31 December 2023

119

6.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

195,930

273,181

Amounts owed by group undertakings

50,000

50,000

Other debtors

8,881

8,851

Tax

-

11,158

Prepayments

145,576

118,002

400,387

461,192

Amounts falling due after more than one year:

Amounts owed by group undertakings

30,681

30,681

Aggregate amounts

431,068

491,873

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

80,022

164,752

Trade creditors

51,771

24,816

Social security and other taxes

10,393

13,541

VAT

15,388

23,882

Accrued expenses

4,365

5,166

161,939

232,157

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

26,667

80,000

Bank loans - 2-5 years

-

26,667

Amounts owed to group undertakings

75,411

51,943

102,078

158,610

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

20,000

20,000

Between one and five years

45,000

65,000

65,000

85,000

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank overdrafts

22

84,752

There is a fixed and floating charge with both National Westminster Bank and Royal Bank of Scotland dated 23 February 2006 and 15 February 2006 respectively over all the property and undertakings of the company.

11.	RELATED PARTY DISCLOSURES

A company in which it owns 50% of the 'A' share capital and 70% of the 'B' share capital.

During the period under review the company sold goods to the related party amounting to £60,850 (2023 - £88,468). At the balance sheet date the outstanding amount due from the related party and included within trade debtors due within one year amounted to £2,829 (2023 - £2,544).

Included within debtors, amounts falling due after more than one year, is a loan in favour of the company. The loan outstanding at the balance sheet date amounted to £30,681 (2023 - £30,681).

The loan is interest free and repayable on one year's notice being given by the company or sooner at the related party's discretion.

The company received a dividend during the period under review amounting to £2,000 (2023 - £2,000).

12.	ULTIMATE CONTROLLING PARTY

The company is controlled by Alder Sportswear (Holdings) Limited, a company registered in England and Wales. The registered office and principal place of business is:

Alder Farm

Lewdown

Okehampton

Devon

EX20 4PJ

Group accounts are not prepared by Alder Sportswear (Holdings) Limited.