REGISTERED NUMBER: 03550033 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Tweedmill Textiles Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

R J C W Beswick

W Ryan-Beswick

B Ryan-Beswick

Secretary:

R J C W Beswick

Registered office:

Unit 22

Castle Park Industrial Estate

Flint

Flintshire

CH6 5XA

Registered number:

03550033 (England and Wales)

Accountants:

Ellis & Co

Chartered Accountants

114-120 Northgate Street

Chester

CH1 2HT

Fixed assets

Tangible assets

4

131,121

285,420

Investments

5

11,633

-

142,754

285,420

Current assets

Stocks

1,215,031

1,168,291

Debtors

6

700,377

719,684

Cash at bank and in hand

386,879

230,676

2,302,287

2,118,651

Creditors

Amounts falling due within one year

7

2,044,188

1,745,457

Net current assets

258,099

373,194

Total assets less current liabilities

400,853

658,614

Creditors

Amounts falling due after more than one year

8

(53,267

)

(100,248

)

Provisions for liabilities

10

(16,904

)

(65,729

)

Net assets

330,682

492,637

Capital and reserves

Called up share capital

1,000

1,000

Retained earnings

329,682

491,637

330,682

492,637

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

B Ryan-Beswick - Director

1.	Statutory information

Tweedmill Textiles 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.

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.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets

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

Improvements to property

-

Straight line over 5 years

Plant and machinery

-

straight line over 3 years

Fixtures, fittings and equipment

-

Straight line over 3 years

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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.

Assets held under hire purchase agreements are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum hire purchase payments which is determined at the inception of the hire purchase agreement term. Any initial direct costs of the hire purchase are added to the amount recognised as an asset.

Hire purchase payments are apportioned between the the finance charges and reduction of the outstanding hire purchase liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less

any accumulated impairment losses.

3.	Employees and directors

The average number of employees during the year was 40 (2024 - 59 ) .

4.	Tangible fixed assets

Fixtures,

Improvements

fittings

to

Plant and

and

Motor

property

machinery

equipment

vehicles

Totals

£

£

£

£

£

Cost

At 1 May 2024

164,841

343,889

360,220

104,049

972,999

Disposals

-

(66,300

)

(4,250

)

(23,460

)

(94,010

)

At 30 April 2025

164,841

277,589

355,970

80,589

878,989

Depreciation

At 1 May 2024

142,334

187,896

301,951

55,398

687,579

Charge for year

6,987

44,886

34,259

13,578

99,710

Eliminated on disposal

-

(11,711

)

(4,250

)

(23,460

)

(39,421

)

At 30 April 2025

149,321

221,071

331,960

45,516

747,868

Net book value

At 30 April 2025

15,520

56,518

24,010

35,073

131,121

At 30 April 2024

22,507

155,993

58,269

48,651

285,420

5.	Fixed asset investments

Other

investments

£

Cost

Additions

11,633

At 30 April 2025

11,633

Net book value

At 30 April 2025

11,633

6.

Debtors: amounts falling due within one year

30/4/25

30/4/24

£

£

Trade debtors

475,114

371,160

Other debtors

225,263

348,524

700,377

719,684

7.

Creditors: amounts falling due within one year

30/4/25

30/4/24

£

£

Bank loan

40,000

40,000

Hire purchase contracts

6,981

6,577

Trade creditors

860,808

696,327

Amounts owed to group undertakings

379,283

314,627

Taxation and social security

168,087

226,915

Other creditors

589,029

461,011

2,044,188

1,745,457

8.

Creditors: amounts falling due after more than one year

30/4/25

30/4/24

£

£

Bank loan

10,000

50,000

Hire purchase contracts

43,267

50,248

53,267

100,248

9.	Secured debts

The following secured debts are included within creditors:

30/4/25

30/4/24

£

£

Bank loan

50,000

90,000

Hire purchase contracts

50,248

56,825

100,248

146,825

The bank loan is secured by a fixed and floating charge over the Company's assets. Liabilities under hire purchase contracts are secured on the underlying assets.

10.	Provisions for liabilities

30/4/25

30/4/24

£

£

Deferred tax

Accelerated capital allowances

16,904

65,729

Deferred

tax

£

Balance at 1 May 2024

65,729

Credit to Statement of Income and Retained Earnings during year

(48,825

)

Balance at 30 April 2025

16,904

11.	Other financial commitments

At 30 April 2025 the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £302,400 (2024 - £403,200) of which £100,800 was due within one year (2024 - £100,800).

12.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 30 April 2025 and 30 April 2024:

30/4/25

30/4/24

£

£

B Ryan-Beswick

Balance outstanding at start of year

60,910

108,135

Amounts advanced

68,667

336,646

Amounts repaid

(88,439

)

(383,871

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

41,138

60,910

R J C W Beswick

Balance outstanding at start of year

36,000

27,500

Amounts advanced

44,000

50,373

Amounts repaid

(42,000

)

(41,873

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

38,000

36,000

W Ryan-Beswick

Balance outstanding at start of year

33,500

98,009

Amounts advanced

53,345

36,532

Amounts repaid

(44,800

)

(101,041

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

42,045

33,500

Loans to directors are unsecured, interest free and repayable on demand. The maximum

balance outstanding in the period for B Ryan-Beswick was £93,032, for R J C W Beswick £65,000 and for W Ryan-Beswick £84,345.

Amounts advanced to B Ryan-Beswick include £14,000 on 20 November 2024 and £7,500 on 27 January 2025. Amounts repaid by B Ryan-Beswick include £46,200 on 31 December 2024.

Amounts advanced to R J C W Beswick include £7,000 on 1 May 2024, £6,000 on 3 June 2024, £7,000 on 1 October 2024, £6,500 on 13 February 2025, and £5,500 on 7 March 2025. Amounts repaid by R J C W Beswick include £42,000 on 31 December 2024.

Amounts advanced to W Ryan-Beswick include £6,000 on 18 June 2024, £12,000 on 11 June 2024, £7,000 on 1 July 2024, £6,500 on 2 September 2024 and £14,345 on 22 November 2024. Amounts repaid by W Ryan-Beswick include £44,800 on 31 December 2024.

13.	Related party disclosures

Tweedmill Textiles Limited has received loans from its parent company. At 30 April 2025 the balance of these loans was £303,683 (2024 - £264,227). These loans are interest free, unsecured and repayable on demand.

A group company has provided a guarantee in respect of the bank borrowings of Tweedmill Textiles Limited. The bank has also taken a charge over the group company's freehold property to secure these borrowings.