REGISTERED NUMBER: 06922118 (England and Wales)

Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31 January 2025

for

80s Casual Classics Ltd

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Income Statement

8

Other Comprehensive Income

9

Statement of Financial Position

10

Statement of Changes in Equity

11

Statement of Cash Flows

12

Notes to the Statement of Cash Flows

13

Notes to the Financial Statements

14

DIRECTORS:

N Primett

J Hunt

J Primett

Miss C Elliott

I Wells

REGISTERED OFFICE:

Unit 16 Triumph Way

Woburn Road Industrial Estate

Kempston

Bedford

Bedfordshire

MK42 7QB

REGISTERED NUMBER:

06922118 (England and Wales)

AUDITORS:

GREGORY WILDMAN

Statutory Auditors

Chartered Accountants

The Granary

Crowhill Farm

Ravensden Road

Wilden, Bedford

MK44 2QS

The directors present their strategic report for the year ended 31 January 2025.

REVIEW OF BUSINESS

As shown in the company's profit and loss account, there has been an increase in turnover over the prior 12 month period which has resulted in a gross profit of £8,253,033 (2024 - £6,592,360) and a profit on ordinary activities before tax of £4,613,665 (2024 - £3,475,145).

This year has proven to be another year with the company expanding greater on its customer loyalty with further exclusivity across styles and brands unique to 80s Casual Classics being the only online shopping destination. This along with increased engagement through social media has ensured the continued profitability of the business and avoid price sensitive competition.

PRINCIPAL RISKS AND UNCERTAINTIES

Any business undertaking will involve some risk with many factors common to any business regardless of what sector it operates in. However, the Directors consider that certain risks and uncertainties are more specific to the Company and the fashion retail sector in which it operates. These risks and uncertainties include the following:

Market risk

The company regularly reviews market and industry events, monitors publications and social media to ensure adequate provision is made to mitigate any potential exposure to risk, together with monitoring seasonal weather variations.

In addition, the location and influence of competitors both in physical retail and online digital platforms are monitored closely.

Supply risk

The ability to access, and the dependance on, key brands together with potential delays in product delivery due to product sourcing and timing of deliveries. To manage this risk, the company maintains a close relationship with suppliers and key brands.

Liquidity risk

Liquidity risk is the risk that an entity will encounter difficulty in meeting obligations associated with financial liabilities. The company ensures that there are adequate funds available to meet its operational requirements.

The Directors continue to endeavour to manage these risks and uncertainties to the extent possible within the business.

ON BEHALF OF THE BOARD:

N Primett - Director

1 October 2025

The directors present their report with the financial statements of the company for the year ended 31 January 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of online and store retailer of retro and original clothing.

DIVIDENDS

No dividends will be distributed for the year ended 31 January 2025.

FUTURE DEVELOPMENTS

The Company's focus this year is on some landmark events including major film releases, music revivals and anniversaries all relating to the enthusiasm of the 80s Casual Classics consumer. We will be expanding to more strategic retail stores building even greater customer experience and social media drive around the UK. We will expand further on the best-selling exclusive ranges where 80s casual classics remains the leading destination and further build stronger relationships with suppliers.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 February 2024 to the date of this report.

N Primett

J Hunt

J Primett

Miss C Elliott

Other changes in directors holding office are as follows:

I Wells was appointed as a director after 31 January 2025 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors 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 company and of the profit or loss of the company 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;

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

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the 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 company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, GREGORY WILDMAN, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

N Primett - Director

1 October 2025

Opinion

We have audited the financial statements of 80s Casual Classics Ltd (the 'company') for the year ended 31 January 2025 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, Notes to the Financial Statements, including a summary of 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 company's affairs as at 31 January 2025 and of its 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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the 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 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 directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

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.

In connection with our audit of the financial statements, 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 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 the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

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

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

-	the 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 Statement of Directors' Responsibilities set out on page three, 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 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 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 company or to cease operations, or have no realistic alternative but to do so.

Auditors' 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 a Report of the Auditors 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.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks within which the company operates focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations in this context were the Companies Act 2006. We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statements.

We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements and the financial report (including the risk of override of controls) and determined that the principal risks were related to posting inappropriate entries including journals to overstate revenue or understate expenditure and management bias in accounting estimates.

Our audit procedures to respond to these risks, performed by the engagement team, included:

- Enquiries of management, and the Directors about their own identification and assessment of the risks of the irregularities, reviewing accounting estimates for biases and reviewing regulatory correspondence;

- Performing audit work over the risk of management override of controls, including test of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias;

- Reviewing financial statement disclosures and testing to supporting documentation to access compliance with applicable laws and regulations;

- We have confirmed the income recognition basis is appropriate, tested a sample of income transactions to confirm completeness, tested a sample of journals to confirm they were appropriate and reviewed areas of judgment for indicators of management bias to address these risks.

Owing to the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation, even though we have properly planned and performed our audit in accordance with auditing standards. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

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 a Report of the Auditors 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.

Nicola Worbey FCA (Senior Statutory Auditor)

for and on behalf of GREGORY WILDMAN

Statutory Auditors

Chartered Accountants

The Granary

Crowhill Farm

Ravensden Road

Wilden, Bedford

MK44 2QS

1 October 2025

TURNOVER

3

17,410,591

14,713,110

Cost of sales

9,157,558

8,120,750

GROSS PROFIT

8,253,033

6,592,360

Administrative expenses

3,823,294

3,179,160

OPERATING PROFIT

5

4,429,739

3,413,200

Interest receivable and similar income

7

188,978

61,945

4,618,717

3,475,145

Interest payable and similar expenses

8

5,052

-

PROFIT BEFORE TAXATION

4,613,665

3,475,145

Tax on profit

9

1,167,833

831,095

PROFIT FOR THE FINANCIAL YEAR

3,445,832

2,644,050

PROFIT FOR THE YEAR

3,445,832

2,644,050

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

3,445,832

2,644,050

FIXED ASSETS

Tangible assets

11

266,361

122,291

Investments

12

145,001

100,001

411,362

222,292

CURRENT ASSETS

Stocks

13

3,447,980

2,352,346

Debtors

14

1,497,414

192,108

Cash at bank and in hand

7,766,216

5,734,602

12,711,610

8,279,056

CREDITORS

Amounts falling due within one year

15

2,549,767

1,433,499

NET CURRENT ASSETS

10,161,843

6,845,557

TOTAL ASSETS LESS CURRENT LIABILITIES

10,573,205

7,067,849

PROVISIONS FOR LIABILITIES

17

173,440

113,916

NET ASSETS

10,399,765

6,953,933

CAPITAL AND RESERVES

Called up share capital

18

22

22

Retained earnings

19

10,399,743

6,953,911

SHAREHOLDERS' FUNDS

10,399,765

6,953,933

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2025 and were signed on its behalf by:

N Primett - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 February 2023

22

14,319,591

14,319,613

Changes in equity

Dividends

-

(10,009,730

)

(10,009,730

)

Total comprehensive income

-

2,644,050

2,644,050

Balance at 31 January 2024

22

6,953,911

6,953,933

Changes in equity

Total comprehensive income

-

3,445,832

3,445,832

Balance at 31 January 2025

22

10,399,743

10,399,765

Cash flows from operating activities

Cash generated from operations

1

4,293,115

4,146,841

Interest paid

(5,052

)

-

Lease dilapidation

(1,430

)

-

Tax paid

(767,844

)

(715,593

)

Net cash from operating activities

3,518,789

3,431,248

Cash flows from investing activities

Purchase of tangible fixed assets

(198,231

)

(37,072

)

Purchase of fixed asset investments

(45,000

)

(100,000

)

Sale of tangible fixed assets

7,394

-

Interest received

188,978

61,945

Net cash from investing activities

(46,859

)

(75,127

)

Cash flows from financing activities

Amount owed by associates

(1,440,316

)

-

Equity dividends paid

-

(10,009,730

)

Net cash from financing activities

(1,440,316

)

(10,009,730

)

Increase/(decrease) in cash and cash equivalents

2,031,614

(6,653,609

)

Cash and cash equivalents at beginning of year

2

5,734,602

12,388,211

Cash and cash equivalents at end of year

2

7,766,216

5,734,602

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31.1.25

31.1.24

£

£

Profit before taxation

4,613,665

3,475,145

Depreciation charges

79,608

45,602

Loss on disposal of fixed assets

157

-

Finance costs

5,052

-

Finance income

(188,978

)

(61,945

)

4,509,504

3,458,802

(Increase)/decrease in stocks

(1,095,634

)

648,876

Decrease/(increase) in trade and other debtors

135,013

(140,340

)

Increase in trade and other creditors

744,232

179,503

Cash generated from operations

4,293,115

4,146,841

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 31 January 2025

31.1.25

1.2.24

£

£

Cash and cash equivalents

7,766,216

5,734,602

Year ended 31 January 2024

31.1.24

1.2.23

£

£

Cash and cash equivalents

5,734,602

12,388,211

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.2.24

Cash flow

At 31.1.25

£

£

£

Net cash

Cash at bank and in hand

5,734,602

2,031,614

7,766,216

5,734,602

2,031,614

7,766,216

Total

5,734,602

2,031,614

7,766,216

1.	STATUTORY INFORMATION

80s Casual Classics 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" 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. The following criteria must also be met before revenue is recognised:

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. The following criteria must be met before revenue is recognised:

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 receipt of 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 measure reliably.

Tangible fixed assets

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all property, plant and equipment, ar rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Capitalised dilapidations - straight line over the life of the lease

Improvements to property - straight line over the life of the lease

Plant & machinery - 20% reducing balance

Fixtures & fittings - 20% reducing balance

Computer equipment - 25% reducing balance

The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Investments in subsidiaries

Investments in subsidiaries are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Other Investments

Other investments are recorded at fair value through profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Net realisable value is based on the estimated selling price less any further costs expected to be incurred to completion and disposal.

Cost is determined using the first-in, first-out (FIFO) method.

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 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.

Pension costs and other post-retirement benefits

The company operated a defined contribution pension scheme for the benefits of its employees. The pension cost charged for the period represents contributions payable by the company to the scheme and amounts to £21,549 (2024 - £77,812).

At the balance sheet date the company had unpaid pension liabilities of £4,876 (2024 - £4,278).

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less. For the purpose of the cash flow, cash and cash equivalents consist of cash and cash equivalents as defined above, net of outstanding bank overdrafts.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from the impairment are recognised in the income statement in other operating expenses.rest method.

Judgements and estimation uncertainty

Management estimation is required to determine the amount of stock provision based upon the average percentages of early settlement discounts to ensure that stock is correctly valued at the lower of cost and net realisable value.

Management estimation is require to determine the amount of deferred tax assets that can be recognised, based upon likely timing and level of future taxable profits together with an assessment of the effect of future tax planning strategies. Further details are contained in note 18.

3.

TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by geographical market is given below:

31.1.25

31.1.24

£

£

United Kingdom

16,271,900

13,533,895

Europe

547,960

588,991

Other

590,731

590,224

17,410,591

14,713,110

4.	EMPLOYEES AND DIRECTORS

31.1.25

31.1.24

£

£

Wages and salaries

1,536,911

1,338,188

Social security costs

121,866

114,679

Other pension costs

21,549

77,812

1,680,326

1,530,679

The average number of employees during the year was as follows:

31.1.25

31.1.24

Warehouse staff

16

20

Office staff

11

10

Management staff

8

8

Store staff

10

10

45

48

31.1.25

31.1.24

£

£

Directors' remuneration

303,226

224,545

Directors' pension contributions to money purchase schemes

1,321

61,171

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

1

2

Information regarding the highest paid director is as follows:

31.1.25

31.1.24

£

£

Emoluments etc

130,000

130,001

Pension contributions to money purchase schemes

-

60,000

5.	OPERATING PROFIT

The operating profit is stated after charging:

31.1.25

31.1.24

£

£

Other operating leases

203,543

140,902

Depreciation - owned assets

79,610

45,601

Loss on disposal of fixed assets

157

-

6.	AUDITORS' REMUNERATION

31.1.25

31.1.24

£

£

Fees payable to the company's auditors for the audit of the company's financial statements

26,350

31,833

Auditors' remuneration for non audit work

10,541

9,875

7.

INTEREST RECEIVABLE AND SIMILAR INCOME

31.1.25

31.1.24

£

£

Deposit account interest

188,978

61,945

8.

INTEREST PAYABLE AND SIMILAR EXPENSES

31.1.25

31.1.24

£

£

Corporation tax interest

5,052

-

9.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

31.1.25

31.1.24

£

£

Current tax:

UK corporation tax

1,139,880

827,436

Deferred tax

27,953

3,659

Tax on profit

1,167,833

831,095

Reconciliation of total tax charge included in profit and loss

The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

31.1.25

31.1.24

£

£

Profit before tax

4,613,665

3,475,145

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 24.030%)

1,153,416

835,077

Effects of:

Expenses not deductible for tax purposes

13,829

(9,335

)

Depreciation in excess of capital allowances

588

5,353

Total tax charge

1,167,833

831,095

10.

DIVIDENDS

31.1.25

31.1.24

£

£

Ordinary shares of £1 each

Interim

-

10,009,730