ALAN PAINE KNITWEAR LIMITED


Directors	HEALY, Mark
	HINTON, James Donald
	SAHOTA, Kamaljit Singh
	SEVERN, Ashley


Company Secretary	CLOUSTON, John Alan


Registered Address	Unit 4a Hamilton Way
	Oakham Business Park
	Mansfield
	NG18 5BU


Registered Number	05455870 (England and Wales)

Balance Sheet as at
30 June 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		217,547		262,506
			217,547		262,506
Current assets
Stocks	5	1,293,550		1,602,477
Debtors		407,044		196,595
Cash at bank and on hand		658,698		797,726
		2,359,292		2,596,798
Creditors amounts falling due within one year	6	(1,015,271)		(994,672)
Net current assets (liabilities)			1,344,021		1,602,126
Total assets less current liabilities			1,561,568		1,864,632
Creditors amounts falling due after one year	7		(91,541)		(40,283)
Provisions for liabilities	9		(41,334)		(49,876)
Net assets			1,428,693		1,774,473
Capital and reserves
Called up share capital			11,530		11,530
Share premium			30,000		30,000
Profit and loss account			1,387,163		1,732,943
Shareholders' funds			1,428,693		1,774,473

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

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

HINTON, James Donald
Director
Registered Company No. 05455870

ALAN PAINE KNITWEAR LIMITED

Notes to the Financial Statements
for the year ended 30 June 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets constitute goodwill arising on purchased businesses which has been fulling amortised over its useful life.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Fixtures and fittings	3
	Vehicles	5
	Office Equipment	3

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	27		25

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 July 24	483,109	483,109
At 30 June 25	483,109	483,109
Amortisation and impairment
At 01 July 24	483,109	483,109
At 30 June 25	483,109	483,109
Net book value
At 30 June 25	-	-
At 30 June 24	-	-

4.	Tangible fixed assets

	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 July 24	166,667	96,036	394,631	657,334
Additions	133,308	2,311	6,517	142,136
Disposals	(119,219)	-	-	(119,219)
At 30 June 25	180,756	98,347	401,148	680,251
Depreciation and impairment
At 01 July 24	63,809	91,346	239,673	394,828
Charge for year	35,190	2,703	81,644	119,537
On disposals	(51,661)	-	-	(51,661)
At 30 June 25	47,338	94,049	321,317	462,704
Net book value
At 30 June 25	133,418	4,298	79,831	217,547
At 30 June 24	102,858	4,690	154,958	262,506

5.	Stocks

	2025	2024
	£	£
Finished goods	1,293,550	1,602,477
Total	1,293,550	1,602,477

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	559,047	376,318
Taxation and social security	186,771	243,489
Finance lease and HP contracts	12,291	43,443
Other creditors	141,090	152,654
Accrued liabilities and deferred income	116,072	178,768
Total	1,015,271	994,672


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	91,541	40,283
Total	91,541	40,283

8.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	103,832		83,726

9.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	41,334	49,876
Total	41,334	49,876

10.	Capital commitments
	Capital commitments are due on hire purchase contracts as follows: within one year £12,291, between 1 and 2 years £15,766 and between 2 and 3 years £75,776 (30 June 2024: within one year £43,443, between1 and 2 years £10,402 and between 2 and 3 years £29,880)

11.	Other commitments
	Other financial commitments total £107,486 on the rental of the company premises over the next 3 years (30 June 2024 £175,372).