REGISTERED NUMBER: 10832698 (England and Wales)

Nu Textiles London Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 May 2025

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

Mr H Tellioglu

REGISTERED OFFICE:

15 New Cavendish Street

Marylebone

London

W1G 9UB

REGISTERED NUMBER:

10832698 (England and Wales)

ACCOUNTANTS:

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Nu Textiles London Limited for the year ended 31 May 2025 which comprise the Abridged Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Nu Textiles London Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Nu Textiles London Limited and state those matters that we have agreed to state to the director of Nu Textiles London Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nu Textiles London Limited and its director for our work or for this report.

It is your duty to ensure that Nu Textiles London Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Nu Textiles London Limited. You consider that Nu Textiles London Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Nu Textiles London Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

20 October 2025

FIXED ASSETS

Intangible assets

4

1,700

2,550

Property, plant and equipment

5

95,914

153,089

97,614

155,639

CURRENT ASSETS

Inventories

6

175,230

313,844

Debtors

7

583,183

608,145

Cash at bank and in hand

19,459

79,970

777,872

1,001,959

CREDITORS

Amounts falling due within one year

8

1,246,389

1,275,955

NET CURRENT LIABILITIES

(468,517

)

(273,996

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(370,903

)

(118,357

)

CREDITORS

Amounts falling due after more than one year

9

-

(38,000

)

PROVISIONS FOR LIABILITIES

12

(3,463

)

(4,160

)

NET LIABILITIES

(374,366

)

(160,517

)

CAPITAL AND RESERVES

Called up share capital

13

100

100

Retained earnings

14

(374,466

)

(160,617

)

SHAREHOLDERS' FUNDS

(374,366

)

(160,517

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement for the year ended 31 May 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 October 2025 and were signed by:

Mr H Tellioglu - Director

1.	STATUTORY INFORMATION

Nu Textiles London Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is derived from the ordinary activities of the business and is recognised when the customer takes delivery of the goods.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

straight line over the life of the lease

Improvements to property

-

10% on cost

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

20% on cost

Stocks

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The financial statements have been prepared on the going concern basis on the grounds that the directors will continue to provide sufficient finance to meet the liabilities as they fall due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 June 2024

and 31 May 2025

8,500

AMORTISATION

At 1 June 2024

5,950

Charge for year

850

At 31 May 2025

6,800

NET BOOK VALUE

At 31 May 2025

1,700

At 31 May 2024

2,550

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 June 2024

42,001

369,361

411,362

Additions

-

2,408

2,408

At 31 May 2025

42,001

371,769

413,770

DEPRECIATION

At 1 June 2024

17,045

241,228

258,273

Charge for year

22,934

36,649

59,583

At 31 May 2025

39,979

277,877

317,856

NET BOOK VALUE

At 31 May 2025

2,022

93,892

95,914

At 31 May 2024

24,956

128,133

153,089

6.	INVENTORIES

2025

2024

£

£

Stocks

175,230

313,844

7.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

507,262

363,653

Other debtors

33,421

152,933

540,683

516,586

Amounts falling due after more than one year:

Other debtors

42,500

91,559

Aggregate amounts

583,183

608,145

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 10)

43,682

38,000

Trade creditors

759,854

728,374

Taxation and social security

40,622

75,408

Other creditors

402,231

434,173

1,246,389

1,275,955

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 10)

-

38,000

10.

LOANS

The Coronavirus Business Interruption Scheme loan.

11.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

85,000

284,911

Between one and five years

134,583

223,510

219,583

508,421

12.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

3,463

4,160

Deferred

tax

£

Balance at 1 June 2024

4,160

Credit to Income Statement during year

(697

)

Balance at 31 May 2025

3,463

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

14.

RESERVES

Retained

earnings

£

At 1 June 2024

(160,617

)

Deficit for the year

(213,849

)

At 31 May 2025

(374,466

)

15.	RELATED PARTY DISCLOSURES

Transactions with key management personnel:

At balance sheet date company owe £390,849 (2024: £428,298) to related party.

Interest free loan payable on demand and is presented within creditors' note.