REGISTERED NUMBER: 03048924 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Wearable Print Group Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr Adam Miller

Ms Julia Miller

REGISTERED OFFICE:

Network House

West 26

Cleckheaton

West Yorkshire

BD19 4TT

REGISTERED NUMBER:

03048924 (England and Wales)

ACCOUNTANTS:

KJA Kilner Johnson Ltd

Network House

Stubs Beck Lane

Cleckheaton

BD19 4TT

FIXED ASSETS

Tangible assets

4

748

997

CURRENT ASSETS

Stocks

20,200

63,500

Debtors

5

281,797

346,691

Cash at bank

99,610

83,466

401,607

493,657

CREDITORS

Amounts falling due within one year

6

373,887

489,818

NET CURRENT ASSETS

27,720

3,839

TOTAL ASSETS LESS CURRENT LIABILITIES

28,468

4,836

CREDITORS

Amounts falling due after more than one year

7

-

(48,373

)

PROVISIONS FOR LIABILITIES

(142

)

-

NET ASSETS/(LIABILITIES)

28,326

(43,537

)

CAPITAL AND RESERVES

Called up share capital

4,000

4,000

Retained earnings

24,326

(47,537

)

28,326

(43,537

)

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 11 September 2025 and were signed on its behalf by:

Ms Julia Miller - Director

1.	STATUTORY INFORMATION

Wearable Print Group Ltd 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

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

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

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

Plant and machinery

-

25% reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year 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 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2024

and 31 December 2024

13,528

DEPRECIATION

At 1 January 2024

12,531

Charge for year

249

At 31 December 2024

12,780

NET BOOK VALUE

At 31 December 2024

748

At 31 December 2023

997

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

276,361

325,646

Other debtors

5,436

21,045

281,797

346,691

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

48,663

61,886

Trade creditors

67,982

130,944

Taxation and social security

24,171

37,912

Other creditors

233,071

259,076

373,887

489,818

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

-

48,373

8.	SECURED DEBTS

The factoring facility is secured by a floating charge on all the assets of the company.