Company No: 04931651 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Mr Martin Barnard
	Mr Jamie Lee Warner

SECRETARY

Mr Jamie Lee Warner

REGISTERED OFFICE	Gascoyne House Moseleys Farm Business Centre
	Fornham All Saints
	Bury St Edmunds
	IP28 6JY
	United Kingdom

COMPANY NUMBER

04931651 (England and Wales)

CHARTERED ACCOUNTANTS	Gascoynes
	Gascoyne House
	Moseleys Farm Business Centre
	Fornham All Saints
	Bury St Edmunds
	Suffolk
	IP28 6JY

	Note	30.04.2025		31.10.2023
		£		£
Fixed assets
Intangible assets	4	16,973		0
Tangible assets	5	59,872		77,941
		76,845		77,941
Current assets
Stocks		11,798		10,319
Debtors	6	294,912		248,527
Cash at bank and in hand		819		21,336
		307,529		280,182
Creditors: amounts falling due within one year	7	( 369,849)		( 277,410)
Net current (liabilities)/assets		(62,320)		2,772
Total assets less current liabilities		14,525		80,713
Creditors: amounts falling due after more than one year	8	( 12,996)		( 69,952)
Net assets		1,529		10,761
Capital and reserves
Called-up share capital	9	400		400
Profit and loss account		1,129		10,361
Total shareholders' funds		1,529		10,761

For the financial period ending 30 April 2025 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 financial statements for the financial period in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of STC Teamwear Limited (registered number: 04931651) were approved and authorised for issue by the Board of Directors on 25 September 2025. They were signed on its behalf by:

Mr Jamie Lee Warner Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

STC Teamwear Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Gascoyne House Moseleys Farm Business Centre, Fornham All Saints, Bury St Edmunds, IP28 6JY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The
financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

Reporting period length

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

3 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles	25 % reducing balance
Fixtures and fittings	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

	Period from 01.11.2023 to 30.04.2025		Year ended 31.10.2023
	Number		Number
Monthly average number of persons employed by the Company during the period, including directors	11		10

4. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 November 2023	0		0
Additions	30,172		30,172
At 30 April 2025	30,172		30,172
Accumulated amortisation
At 01 November 2023	0		0
Charge for the financial period	13,199		13,199
At 30 April 2025	13,199		13,199
Net book value
At 30 April 2025	16,973		16,973
At 31 October 2023	0		0

5. Tangible assets

	Vehicles		Fixtures and fittings		Total
	£		£		£
Cost
At 01 November 2023	64,150		79,124		143,274
Additions	9,990		24,382		34,372
Disposals	( 59,000)		( 17,500)		( 76,500)
At 30 April 2025	15,140		86,006		101,146
Accumulated depreciation
At 01 November 2023	30,606		34,727		65,333
Charge for the financial period	3,567		19,570		23,137
Disposals	( 30,928)		( 16,268)		( 47,196)
At 30 April 2025	3,245		38,029		41,274
Net book value
At 30 April 2025	11,895		47,977		59,872
At 31 October 2023	33,544		44,397		77,941

6. Debtors

	30.04.2025		31.10.2023
	£		£
Trade debtors	71,960		110,826
Other debtors	222,952		137,701
	294,912		248,527

7. Creditors: amounts falling due within one year

	30.04.2025		31.10.2023
	£		£
Bank loans and overdrafts	92,551		64,499
Trade creditors	80,965		134,894
Taxation and social security	65,901		2,853
Obligations under finance leases and hire purchase contracts	13,845		19,681
Other creditors	116,587		55,483
	369,849		277,410

8. Creditors: amounts falling due after more than one year

	30.04.2025		31.10.2023
	£		£
Bank loans	12,776		17,814
Obligations under finance leases and hire purchase contracts	220		52,138
	12,996		69,952

There are 2 charges held over the company which includes 2 fixed and floating charges.
The hire purchase amounts are held over the assets financed.

9. Called-up share capital

	30.04.2025		31.10.2023
	£		£
Allotted, called-up and fully-paid
100 Ordinary A shares of £ 1.00 each	100		100
100 Ordinary B shares of £ 1.00 each	100		100
100 Ordinary C shares of £ 1.00 each	100		100
100 Ordinary D shares of £ 1.00 each	100		100
	400		400