REGISTERED NUMBER: 08908227 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28th February 2025

for

FW Style Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G C Thompson

M A Wilkinson

S A Kempson

A J Parker

REGISTERED OFFICE:

Black Bull House

353-355 Station Road

Bamber Bridge

Preston

Lancashire

PR5 6EE

REGISTERED NUMBER:

08908227 (England and Wales)

ACCOUNTANTS:

Robin Oatridge & Co Limited

Chartered Certified Accountants

Black Bull House

353-355 Station Road

Bamber Bridge

Preston

Lancashire

PR5 6EE

FIXED ASSETS

Tangible assets

4

431,644

284,525

CURRENT ASSETS

Stocks

1,065,648

519,119

Debtors

5

517,773

1,204,398

Cash at bank

145,616

338,349

1,729,037

2,061,866

CREDITORS

Amounts falling due within one year

6

939,443

1,200,667

NET CURRENT ASSETS

789,594

861,199

TOTAL ASSETS LESS CURRENT LIABILITIES

1,221,238

1,145,724

CREDITORS

Amounts falling due after more than one year

7

(96,677

)

(78,729

)

PROVISIONS FOR LIABILITIES

(109,416

)

(71,131

)

NET ASSETS

1,015,145

995,864

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

1,014,845

995,564

SHAREHOLDERS' FUNDS

1,015,145

995,864

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th September 2025 and were signed on its behalf by:

G C Thompson - Director

1.	STATUTORY INFORMATION

FW Style 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.

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 etc

-

25% on reducing balance, 20% on reducing balance and Straight line over 5 years

Stocks

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

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 20 (2024 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st March 2024

384,333

Additions

256,521

Disposals

(58,914

)

At 28th February 2025

581,940

DEPRECIATION

At 1st March 2024

99,808

Charge for year

85,521

Eliminated on disposal

(35,033

)

At 28th February 2025

150,296

NET BOOK VALUE

At 28th February 2025

431,644

At 29th February 2024

284,525

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

402,716

460,534

Other debtors

115,057

743,864

517,773

1,204,398

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,376

10,120

Hire purchase contracts (see note 8)

46,569

20,887

Trade creditors

196,753

299,797

Taxation and social security

297,814

319,781

Other creditors

387,931

550,082

939,443

1,200,667

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

2,634

13,023

Hire purchase contracts (see note 8)

94,043

65,706

96,677

78,729

No security was required for the bank loan.

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

46,569

20,887

Between one and five years

94,043

65,706

140,612

86,593

Non-cancellable

operating leases

2025

2024

£

£

Within one year

340,885

93,199

Between one and five years

968,884

23,518

1,309,769

116,717

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

140,612

-

Hire purchase agreements are secured against specific fixed assets.

10.	RELATED PARTY DISCLOSURES

FWS Developments Limited is a company related by common control. At the balance sheet date, there is a loan outstanding of £75,000 (2024: £422,000 - debtor) from FWS Developments Limited. This loan is repayable on demand and is included in other creditors.

IQ GB (UK) Limited is a company related by common control. At the balance sheet date, there is a loan outstanding of £220,000 (2024: £100,000) to IQ GB (UK) Limited. This loan is repayable on demand and is included in other creditors.

11.	ULTIMATE CONTROLLING PARTY

The company is under the control of the directors.