Company registration number 08026784 (England and Wales)
BIG STYLE FASHIONS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
BIG STYLE FASHIONS LIMITED
COMPANY INFORMATION
Directors
Mr D J Freeman
Mr W C Currie
Company number
08026784
Registered office
8 Helix Business Park
New Bridge Road
Ellesmere Port
Cheshire
CH65 4LR
Auditor
Mitchell Charlesworth (Audit) Limited
24 Nicholas Street
Chester
CH1 2AU
BIG STYLE FASHIONS LIMITED
CONTENTS
Page
Strategic report
1
Directors' report
2 - 3
Independent auditor's report
4 - 7
Profit and loss account
8
Group statement of comprehensive income
9
Group balance sheet
10
Company balance sheet
11 - 12
Group statement of changes in equity
13
Company statement of changes in equity
14
Group statement of cash flows
15
Company statement of cash flows
16
Notes to the financial statements
17 - 31
BIG STYLE FASHIONS LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 30 APRIL 2025
- 1 -

The directors present the strategic report for the year ended 30 April 2025.

Review of the business

The group consists of Big Style Fashions Ltd and its wholly owned US subsidiary Big Style Fashions Inc. The group continued its principal activity throughout the current year, selling clothing and footwear for big and tall people.

The director is pleased with the performance of the group for the year with turnover increasing by 13.9% from £1 5.5 m to £1 7.6 m. Gross profit increased from £7.5 m to £8.8 m and this represented a slight increase in gross margin from 4 8.4% to 49.8%. Administrative expenses increased by £1.4 m from £5 m to £6.4 m which resulted in an overall operating profit of £2.3 m compared to £2.5 m in the prior year.

The group balance sheet shows cash at bank of £2.6 m at the year end and a £1.5 m increase in net assets from £6.8 m to £8.2 m.

Principal risks and uncertainties

The principal risks and uncertainties of the group arise from foreign exchange risk. The group is exposed to currency risk on overseas purchases which are mainly denominated in US dollars and overseas sales which are predominately denominated in Euros and US dollars.

Key performance indicators

We consider that our key financial performance indicators are those that show the overall performance and strength of the group as a whole; t he most appropriate measures being turnover, gross margin and cash flow.

On behalf of the board

Mr D J Freeman
Director
22 September 2025
BIG STYLE FASHIONS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 APRIL 2025
- 2 -

The directors present their annual report and financial statements for the year ended 30 April 2025.

Principal activities

The principal activity of the company and group continued to be that of the sale of clothing and footwear for big and tall people.

Results and dividends

The results for the year are set out on page 8.

Ordinary dividends were paid amounting to £500,000. The directors do not recommend payment of a further dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr D J Freeman
Mr W C Currie
Auditor

Mitchell Charlesworth were appointed as auditor to the group and in accordance with section 485 of the Companies Act 2006, a resolution proposing that they be re-appointed will be put at a General Meeting.

Statement of directors' responsibilities

The directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and company, and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group and company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

BIG STYLE FASHIONS LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 3 -
Medium-sized companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the medium-sized companies exemption.

On behalf of the board
Mr D J Freeman
Director
22 September 2025
BIG STYLE FASHIONS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF BIG STYLE FASHIONS LIMITED
- 4 -
Opinion

We have audited the financial statements of Big Style Fashions Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 April 2025 which comprise the group profit and loss account, the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows, the company statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the group's and the parent company's affairs as at 30 April 2025 and of the group's profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- T he information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- The strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

BIG STYLE FASHIONS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF BIG STYLE FASHIONS LIMITED
- 5 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and their environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- the parent company financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the parent company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

BIG STYLE FASHIONS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF BIG STYLE FASHIONS LIMITED
- 6 -
Extent to which the audit was considered capable of detecting irregularities, including fraud

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

- the nature of the industry and sector, control environment and business performance;

- the company’s own assessment of the risks that irregularities may occur either as a result of fraud or error;

- the results of our enquiries of management and directors of their own identification and assessment of the risks of irregularities;

- any matters we identified having obtained and reviewed the company’s documentation of their policies and procedures relating to:

- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; and

- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; and

- the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the following areas:

(i) The presentation of the group's Statement of Comprehensive Income and (ii) the group's accounting policy for revenue recognition. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory framework that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act, and GDPR legislation.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty. This includes regulations concerning Data Protection regulations.

BIG STYLE FASHIONS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF BIG STYLE FASHIONS LIMITED
- 7 -
Audit response to risks identified

As a result of performing the above, we identified revenue recognition and stock existence and valuation as the key audit matters related to the potential risk of fraud.

Our procedures to respond to risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with relevant laws and regulations described above as having a direct effect on the financial statements;

- enquiring of management and directors concerning actual and potential litigation and claims;

- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Robert Hall (Senior Statutory Auditor)
For and on behalf of Mitchell Charlesworth (Audit) Limited, Statutory Auditor
Accountants
24 Nicholas Street
Chester
CH1 2AU
22 September 2025
BIG STYLE FASHIONS LIMITED
GROUP PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 APRIL 2025
- 8 -
2025
2024
Notes
£
£
Turnover
3
17,624,074
15,464,196
Cost of sales
(8,849,349)
(7,974,889)
Gross profit
8,774,725
7,489,307
Administrative expenses
(6,443,808)
(4,952,998)
Operating profit
4
2,330,917
2,536,309
Interest receivable and similar income
7
61,758
20,504
Interest payable and similar expenses
8
-
0
(204)
Profit before taxation
2,392,675
2,556,609
Tax on profit
9
(531,592)
(671,094)
Profit for the financial year
1,861,083
1,885,515
Profit for the financial year is all attributable to the owners of the parent company.
BIG STYLE FASHIONS LIMITED
GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 APRIL 2025
- 9 -
2025
2024
£
£
Profit for the year
1,861,083
1,885,515
Other comprehensive income
Currency translation gain arising in the year
3,524
-
0
Cash flow hedges gain arising in the year
-
0
-
0
Total comprehensive income for the year
1,864,607
1,885,515
Total comprehensive income for the year is all attributable to the owners of the parent company.
BIG STYLE FASHIONS LIMITED
GROUP BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 10 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
-
0
-
0
Tangible assets
11
205,892
60,803
205,892
60,803
Current assets
Stocks
14
5,807,328
3,449,529
Debtors
15
782,964
810,641
Cash at bank and in hand
2,575,264
4,317,509
9,165,556
8,577,679
Creditors: amounts falling due within one year
16
(1,162,117)
(1,803,836)
Net current assets
8,003,439
6,773,843
Total assets less current liabilities
8,209,331
6,834,646
Creditors: amounts falling due after more than one year
17
-
(11,369)
Provisions for liabilities
Deferred tax liability
19
34,944
13,497
(34,944)
(13,497)
Net assets
8,174,387
6,809,780
Capital and reserves
Called up share capital
21
333
333
Share premium account
99,900
99,900
Other reserves
3,524
-
0
Profit and loss reserves
8,070,630
6,709,547
Total equity
8,174,387
6,809,780

These financial statements have been prepared in accordance with the provisions relating to medium-sized groups.

The financial statements were approved by the board of directors and authorised for issue on 22 September 2025 and are signed on its behalf by:
22 September 2025
Mr D J Freeman
Director
Company registration number 08026784 (England and Wales)
BIG STYLE FASHIONS LIMITED
COMPANY BALANCE SHEET
AS AT 30 APRIL 2025
30 April 2025
- 11 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
11
201,178
55,201
201,178
55,201
Current assets
Stocks
14
4,857,003
3,449,529
Debtors
15
1,637,198
1,002,233
Cash at bank and in hand
2,456,898
4,203,234
8,951,099
8,654,996
Creditors: amounts falling due within one year
16
(1,146,612)
(1,792,394)
Net current assets
7,804,487
6,862,602
Total assets less current liabilities
8,005,665
6,917,803
Creditors: amounts falling due after more than one year
17
-
(11,369)
Provisions for liabilities
Deferred tax liability
19
34,944
13,497
(34,944)
(13,497)
Net assets
7,970,721
6,892,937
Capital and reserves
Called up share capital
21
333
333
Share premium account
99,900
99,900
Profit and loss reserves
7,870,488
6,792,704
Total equity
7,970,721
6,892,937
BIG STYLE FASHIONS LIMITED
COMPANY BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2025
30 April 2025
- 12 -

As permitted by s408 Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes. The c ompany’s profit for the year was £1,577,784 (2024 - £1,961,437 profit).

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved by the board of directors and authorised for issue on 22 September 2025 and are signed on its behalf by:
22 September 2025
Mr D J Freeman
Director
Company registration number 08026784 (England and Wales)
BIG STYLE FASHIONS LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2025
- 13 -
Share capital
Share premium account
Currency translation reserve
Profit and loss reserves
Total
Notes
£
£
£
£
£
Balance at 1 May 2023
333
99,900
-
0
4,971,550
5,071,783
Year ended 30 April 2024:
Profit and total comprehensive income
-
-
-
1,885,515
1,885,515
Dividends
10
-
-
-
(147,518)
(147,518)
Balance at 30 April 2024
333
99,900
-
0
6,709,547
6,809,780
Year ended 30 April 2025:
Profit for the year
-
-
-
1,861,083
1,861,083
Other comprehensive income:
Currency translation differences
-
-
3,524
-
0
3,524
Total comprehensive income
-
-
3,524
1,861,083
1,864,607
Dividends
10
-
-
-
(500,000)
(500,000)
Reduction of shares
21
(150)
-
-
-
(150)
Other movements
150
-
-
-
150
Balance at 30 April 2025
333
99,900
3,524
8,070,630
8,174,387
BIG STYLE FASHIONS LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2025
- 14 -
Share capital
Share premium account
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 May 2023
333
99,900
4,978,785
5,079,018
Year ended 30 April 2024:
Profit and total comprehensive income for the year
-
-
1,961,437
1,961,437
Dividends
10
-
-
(147,518)
(147,518)
Balance at 30 April 2024
333
99,900
6,792,704
6,892,937
Year ended 30 April 2025:
Profit and total comprehensive income
-
-
1,577,784
1,577,784
Dividends
10
-
-
(500,000)
(500,000)
Reduction of shares
21
(150)
-
-
(150)
Other movements
150
-
-
150
Balance at 30 April 2025
333
99,900
7,870,488
7,970,721
BIG STYLE FASHIONS LIMITED
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 APRIL 2025
- 15 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash (absorbed by)/generated from operations
25
(35,315)
1,990,579
Interest paid
-
0
(204)
Income taxes paid
(971,283)
(487,080)
Net cash (outflow)/inflow from operating activities
(1,006,598)
1,503,295
Investing activities
Purchase of tangible fixed assets
(208,880)
(56,111)
Repayment of loans
(187)
-
Interest received
61,758
20,504
Net cash used in investing activities
(147,309)
(35,607)
Financing activities
Repayment of bank loans
(10,225)
(9,974)
Dividends paid to equity shareholders
(500,000)
(147,518)
Net cash used in financing activities
(510,225)
(157,492)
Net (decrease)/increase in cash and cash equivalents
(1,664,132)
1,310,196
Cash and cash equivalents at beginning of year
4,235,872
2,925,676
Effect of foreign exchange rates
3,524
-
0
Cash and cash equivalents at end of year
2,575,264
4,235,872
Relating to:
Cash at bank and in hand
2,575,264
4,317,509
Bank overdrafts included in creditors payable within one year
-
(81,637)
BIG STYLE FASHIONS LIMITED
COMPANY STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 APRIL 2025
- 16 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash (absorbed by)/generated from operations
26
(36,710)
2,014,737
Interest paid
-
0
(204)
Income taxes paid
(971,283)
(487,080)
Net cash (outflow)/inflow from operating activities
(1,007,993)
1,527,453
Investing activities
Purchase of tangible fixed assets
(208,239)
(49,108)
Interest received
61,758
20,504
Net cash used in investing activities
(146,481)
(28,604)
Financing activities
Repayment of bank loans
(10,225)
(9,974)
Dividends paid to equity shareholders
(500,000)
(147,518)
Net cash used in financing activities
(510,225)
(157,492)
Net (decrease)/increase in cash and cash equivalents
(1,664,699)
1,341,357
Cash and cash equivalents at beginning of year
4,121,597
2,780,240
Cash and cash equivalents at end of year
2,456,898
4,121,597
Relating to:
Cash at bank and in hand
2,456,898
4,203,234
Bank overdrafts included in creditors payable within one year
-
(81,637)
BIG STYLE FASHIONS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 17 -
1
Accounting policies
Company information

Big Style Fashions Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is .

The group consists of Big Style Fashions Limited and all of its subsidiaries.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Business combinations

In the parent company financial statements, t he cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. I nvestments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

1.3
Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company Big Style Fashions Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.

All financial statements are made up to 30 April 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the g roup.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

BIG STYLE FASHIONS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 18 -

Entities in which the group holds an interest and which are jointly controlled by the group and one or more other venturers under a contractual arrangement are treated as joint ventures. Entities other than subsidiary undertakings or joint ventures, in which the group has a participating interest and over whose operating and financial policies the group exercises a significant influence, are treated as associates.

Investments in joint ventures and associates are carried in the group balance sheet at cost plus post-acquisition changes in the group’s share of the net assets of the entity, less any impairment in value. The carrying values of investments in joint ventures and associates include acquired goodwill.

If the group’s share of losses in a joint venture or associate equals or exceeds its investment in the joint venture or associate, the group does not recognise further losses unless it has incurred obligations to do so or has made payments on behalf of the joint venture or associate.

Unrealised gains arising from transactions with joint ventures and associates are eliminated to the extent of the group’s interest in the entity.

1.4
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the group 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.

1.5
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.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

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

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
20% straight line
Leasehold improvements
20% - 25% straight line
Plant and equipment
20% - 25% straight line
Fixtures and fittings
20% - 33% straight line
Motor vehicles
20% straight line

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 recognised in the profit and loss account.

BIG STYLE FASHIONS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 19 -
1.7
Fixed asset investments

Equity in vest ments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

I n the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The group considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Investments in associates are initially recognised at the transaction price (including transaction costs) and are subsequently adjusted to reflect the g roup’s share of the profit or loss, other comprehensive income and equity of the associate using the equity method. Any difference between the cost of acquisition and the share of the fair value of the net identifiable assets of the associate on acquisition is recognised as goodwill. Any unamortised balance of goodwill is included in the carrying value of the investment in associates.

Losses in excess of the carrying amount of an investment in an associate are recorded as a provision only when the company has incurred legal or constructive obligations or has made payments on behalf of the associate.

In the parent c ompany financial statements, investments in associates are accounted for at cost less impairment.

Entities in which the group has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.8
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

BIG STYLE FASHIONS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 20 -

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.9
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. 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.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

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.

1.10
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.11
Financial instruments

The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest m ethod unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

BIG STYLE FASHIONS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 21 -
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

BIG STYLE FASHIONS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 22 -
1.12
Equity instruments

Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.

1.13
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.14
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.15
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.16
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

1.17
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

BIG STYLE FASHIONS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 23 -
2
Judgements and key sources of estimation uncertainty

In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Turnover and other revenue
2025
2024
£
£
Turnover analysed by geographical market
UK sales
12,611,591
10,673,920
Europe sales
2,774,150
2,124,057
Rest of world sales
2,238,333
2,666,219
17,624,074
15,464,196
2025
2024
£
£
Other revenue
Interest income
61,758
20,504
4
Operating profit
2025
2024
£
£
Operating profit for the year is stated after charging:
Exchange losses
69,135
72,871
Fees payable to the group's auditor for the audit of the group's financial statements
16,500
16,000
Depreciation of owned tangible fixed assets
63,791
47,153
Operating lease charges
619,327
350,782
5
Employees

The average monthly number of persons (including directors) employed by the group and company during the year was:

Group
Company
2025
2024
2025
2024
Number
Number
Number
Number
Warehouse and administration
48
42
46
40
BIG STYLE FASHIONS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
5
Employees
(Continued)
- 24 -

Their aggregate remuneration comprised:

Group
Company
2025
2024
2025
2024
£
£
£
£
Wages and salaries
1,195,288
797,552
1,098,561
784,817
Social security costs
89,411
61,938
82,487
60,188
Pension costs
93,855
39,120
91,116
38,915
1,378,554
898,610
1,272,164
883,920
6
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
100,000
9,731
Company pension contributions to defined contribution schemes
58,208
-
158,208
9,731
7
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
61,758
20,504
2025
2024
Investment income includes the following:
£
£
Interest on financial assets not measured at fair value through profit or loss
61,758
20,504
8
Interest payable and similar expenses
2025
2024
£
£
Interest on financial liabilities measured at amortised cost:
Interest on bank overdrafts and loans
-
204
9
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
510,145
657,597
BIG STYLE FASHIONS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
9
Taxation
2025
2024
£
£
(Continued)
- 25 -
Deferred tax
Origination and reversal of timing differences
21,447
13,497
Total tax charge
531,592
671,094

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
2,392,675
2,556,609
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
598,169
639,152
Tax effect of expenses that are not deductible in determining taxable profit
-
0
1,371
Depreciation on assets not qualifying for tax allowances
910
-
0
Other permanent differences
-
0
3,801
Deferred tax adjustments in respect of prior years
-
0
12,961
-
0
13,809
Profit on foreign subsidiaries yet to be taxed
(70,825)
-
0
Under/(over) provided in current year
3,338
-
0
Taxation charge
531,592
671,094
10
Dividends
2025
2024
Recognised as distributions to equity holders:
£
£
Interim paid
500,000
147,518
BIG STYLE FASHIONS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 26 -
11
Tangible fixed assets
Group
Leasehold land and buildings
Leasehold improvements
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 May 2024
-
0
-
0
-
0
244,404
-
0
244,404
Additions
29,170
41,529
14,690
94,496
28,995
208,880
Transfers
4,851
-
0
19,449
(24,300)
-
0
-
0
At 30 April 2025
34,021
41,529
34,139
314,600
28,995
453,284
Depreciation and impairment
At 1 May 2024
-
0
-
0
-
0
183,601
-
0
183,601
Depreciation charged in the year
7,047
8,458
5,405
37,082
5,799
63,791
Transfers
3,638
-
0
16,399
(20,037)
-
0
-
0
At 30 April 2025
10,685
8,458
21,804
200,646
5,799
247,392
Carrying amount
At 30 April 2025
23,336
33,071
12,335
113,954
23,196
205,892
At 30 April 2024
-
0
-
0
-
0
60,803
-
0
60,803
Company
Leasehold land and buildings
Leasehold improvements
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 May 2024
-
0
-
0
-
0
237,401
-
0
237,401
Additions
29,170
41,529
14,690
93,855
28,995
208,239
Transfers
4,851
-
0
19,449
(24,300)
-
0
-
0
At 30 April 2025
34,021
41,529
34,139
306,956
28,995
445,640
Depreciation and impairment
At 1 May 2024
-
0
-
0
-
0
182,200
-
0
182,200
Depreciation charged in the year
7,047
8,458
5,405
35,553
5,799
62,262
Transfers
3,638
-
0
16,399
(20,037)
-
0
-
0
At 30 April 2025
10,685
8,458
21,804
197,716
5,799
244,462
Carrying amount
At 30 April 2025
23,336
33,071
12,335
109,240
23,196
201,178
At 30 April 2024
-
0
-
0
-
0
55,201
-
0
55,201
BIG STYLE FASHIONS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 27 -
12
Subsidiaries

Details of the company's subsidiaries at 30 April 2025 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Big Style Fashions Inc
United states
Ordinary shres
100.00
13
Financial instruments
14
Stocks
Group
Company
2025
2024
2025
2024
£
£
£
£
Finished goods and goods for resale
5,807,328
3,449,529
4,857,003
3,449,529
15
Debtors
Group
Company
2025
2024
2025
2024
Amounts falling due within one year:
£
£
£
£
Amounts owed by group undertakings
-
-
1,223,159
257,258
Other debtors
187
-
-
0
-
0
Prepayments and accrued income
782,777
810,641
414,039
744,975
782,964
810,641
1,637,198
1,002,233
16
Creditors: amounts falling due within one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans and overdrafts
18
11,368
91,861
11,368
91,861
Trade creditors
175,194
369,211
175,194
369,211
Corporation tax payable
173,982
635,120
173,982
635,120
Other taxation and social security
584,087
538,277
568,676
527,245
Other creditors
61,284
410
61,190
-
0
Accruals and deferred income
156,202
168,957
156,202
168,957
1,162,117
1,803,836
1,146,612
1,792,394
BIG STYLE FASHIONS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 28 -
17
Creditors: amounts falling due after more than one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans and overdrafts
18
-
0
11,369
-
0
11,369
18
Loans and overdrafts
Group
Company
2025
2024
2025
2024
£
£
£
£
Bank loans
11,368
21,593
11,368
21,593
Bank overdrafts
-
0
81,637
-
0
81,637
11,368
103,230
11,368
103,230
Payable within one year
11,368
91,861
11,368
91,861
Payable after one year
-
0
11,369
-
0
11,369
19
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:

Liabilities
Liabilities
2025
2024
Group
£
£
Accelerated capital allowances
34,944
13,497
Liabilities
Liabilities
2025
2024
Company
£
£
Accelerated capital allowances
34,944
13,497
BIG STYLE FASHIONS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
19
Deferred taxation
(Continued)
- 29 -
Group
Company
2025
2025
Movements in the year:
£
£
Liability at 1 May 2024
13,497
13,497
Charge to profit or loss
21,447
21,447
Liability at 30 April 2025
34,944
34,944

T he deferred tax liability set out above relates to accelerated capital allowances.

20
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
93,855
39,120

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

21
Share capital
Group and company
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of 0.01p each
1,831,533
3,330,000
183
333
Ordinary A of 0.01p each
900,000
-
90
-
Ordinary B of 0.01p each
431,967
-
43
-
Ordinary C of 0.01p each
166,500
-
17
-
3,330,000
3,330,000
333
333
BIG STYLE FASHIONS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 30 -
22
Operating lease commitments
Lessee

At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Group
Company
2025
2024
2025
2024
£
£
£
£
Within one year
417,333
54,537
270,008
54,537
Between two and five years
1,593,130
-
1,323,970
-
2,010,463
54,537
1,593,978
54,537
23
Related party transactions
Transactions with related parties

Other related parties connected to the director were paid £55,020 and £29,096 for services related to web development and social media marketing respectively. The transactions were made under normal market conditions. No amounts were outstanding at the year end.

24
Directors' transactions

Dividends totalling £400,000 were paid in the year in respect of shares held by the company's directors.

25
Cash (absorbed by)/generated from group operations
2025
2024
£
£
Profit after taxation
1,861,083
1,885,515
Adjustments for:
Taxation charged
531,592
671,094
Finance costs
-
0
204
Investment income
(61,758)
(20,504)
Depreciation and impairment of tangible fixed assets
63,791
47,153
Movements in working capital:
Increase in stocks
(2,357,799)
(406,770)
Decrease/(increase) in debtors
27,864
(504,900)
(Decrease)/increase in creditors
(100,088)
318,787
Cash (absorbed by)/generated from operations
(35,315)
1,990,579
BIG STYLE FASHIONS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 31 -
26
Cash (absorbed by)/generated from operations - company
2025
2024
£
£
Profit after taxation
1,577,784
1,961,437
Adjustments for:
Taxation charged
531,592
671,094
Finance costs
-
0
204
Investment income
(61,758)
(20,504)
Depreciation and impairment of tangible fixed assets
62,262
45,752
Movements in working capital:
Increase in stocks
(1,407,474)
(406,770)
Increase in debtors
(634,965)
(548,532)
(Decrease)/increase in creditors
(104,151)
312,056
Cash (absorbed by)/generated from operations
(36,710)
2,014,737
27
Analysis of changes in net funds - group
1 May 2024
Cash flows
Exchange rate movements
30 April 2025
£
£
£
£
Cash at bank and in hand
4,317,509
(1,745,769)
3,524
2,575,264
Bank overdrafts
(81,637)
81,637
-
-
0
4,235,872
(1,664,132)
3,524
2,575,264
Borrowings excluding overdrafts
(21,593)
10,225
-
(11,368)
4,214,279
(1,653,907)
3,524
2,563,896
28
Analysis of changes in net funds - company
1 May 2024
Cash flows
30 April 2025
£
£
£
Cash at bank and in hand
4,203,234
(1,746,336)
2,456,898
Bank overdrafts
(81,637)
81,637
-
0
4,121,597
(1,664,699)
2,456,898
Borrowings excluding overdrafts
(21,593)
10,225
(11,368)
4,100,004
(1,654,474)
2,445,530
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