Five Retail Limited 31/08/2025 iXBRL

Company registration number: 06661667

Five Retail Limited

Unaudited filleted financial statements

31 August 2025

Five Retail Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Five Retail Limited

Directors and other information


	Directors	Mr Robert Kennedy-Bruyneels
		Mr Andrew Shuttleworth
		Mrs Jemma Kennedy-Bruyneels
		Mrs Clare Nelson


	Secretary	Mr Robert Kennedy-Bruyneels


	Company number	06661667


	Registered office	13 Cambridge Road
		Harrogate
		HG1 1PB


	Accountants	The Barker Partnership
		22 Victoria Avenue
		Harrogate
		North Yorkshire
		HG1 5PR




	Bankers	Lloyds TSB
		8-11 Cambridge Crescent
		Harrogate
		North Yorkshire
		HG1 1PQ

Five Retail Limited

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Five Retail Limited

Year ended 31 August 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Five Retail Limited for the year ended 31 August 2025 which comprise the statement of financial position and 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 at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of Five Retail Limited, as a body, in accordance with the terms of our engagement letter dated 13 May 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Five Retail Limited and state those matters that we have agreed to state to the board of directors of Five Retail Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Five Retail Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Five Retail 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 profit of Five Retail Limited. You consider that Five Retail 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 Five Retail 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.

The Barker Partnership

Chartered Accountants

22 Victoria Avenue

Harrogate

North Yorkshire

HG1 5PR

24 October 2025

Five Retail Limited

Statement of financial position

31 August 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	5	4		4
Tangible assets	6	65,307		34,554
		_______		_______
			65,311		34,558

Current assets
Stocks		289,610		280,525
Debtors	7	82,507		19,080
Cash at bank and in hand		317,755		352,512
		_______		_______
		689,872		652,117
Creditors: amounts falling due
within one year	8	( 367,565)		( 382,941)
		_______		_______
Net current assets			322,307		269,176
			_______		_______
Total assets less current liabilities			387,618		303,734

Creditors: amounts falling due
after more than one year	9		( 51,457)		( 18,803)

Provisions for liabilities			( 15,953)		( 8,091)

			_______		_______
Net assets			320,208		276,840
			_______		_______

Capital and reserves
Called up share capital			220		220
Profit and loss account			319,988		276,620
			_______		_______
Shareholders funds			320,208		276,840
			_______		_______

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 24 October 2025 , and are signed on behalf of the board by:

Mr Robert Kennedy-Bruyneels

Director

Company registration number: 06661667

Five Retail Limited

Notes to the financial statements

Year ended 31 August 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 13 Cambridge Road, Harrogate, HG1 1PB.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

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

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.Current tax is recognised on taxable profit for the current and past periods.Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred tax is recognised in respect of all timing differences at the reporting date.Unrelieved tax losses and other 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.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Short leasehold property	-	Straight line over the life of the lease
Fittings fixtures and equipment	-	25 %	reducing balance
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates .

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

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. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangementconstitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost .

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 25 (2024: 24 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 September 2024 and 31 August 2025	4	4
	_______	_______
Amortisation
At 1 September 2024 and 31 August 2025	-	-
	_______	_______
Carrying amount
At 31 August 2025	4	4
	_______	_______
At 31 August 2024	4	4
	_______	_______

6. Tangible assets

	Short leasehold property	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 September 2024	11,074	56,138	31,749	98,961
Additions	-	874	52,437	53,311
	_______	_______	_______	_______
At 31 August 2025	11,074	57,012	84,186	152,272
	_______	_______	_______	_______
Depreciation
At 1 September 2024	9,075	40,632	14,700	64,407
Charge for the year	1,092	4,095	17,371	22,558
	_______	_______	_______	_______
At 31 August 2025	10,167	44,727	32,071	86,965
	_______	_______	_______	_______
Carrying amount
At 31 August 2025	907	12,285	52,115	65,307
	_______	_______	_______	_______
At 31 August 2024	1,999	15,506	17,049	34,554
	_______	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	-	522
Other debtors	82,507	18,558
	_______	_______
	82,507	19,080
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	234,913	244,161
Corporation tax	50,285	56,711
Social security and other taxes	55,742	57,620
Other creditors	26,625	24,449
	_______	_______
	367,565	382,941
	_______	_______

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

	2025	2024
	£	£
Other creditors	51,457	18,803
	_______	_______

Included within other creditors are hire purchase loans which are secured against the assets to which they relate.

10. Directors advances, credits and guarantees

Included in other creditors is an amount of £7,123 (2024: £7,573) due to the directors Mr R Kennedy- Bruyneels & Mrs J Kennedy-Bruyneels. There is an amount of £nil (2024: £3,949) due to the director Mr A Shuttleworth. These loans are interest free and repayable on demand.

11. Controlling party

The company is controlled by the directors who own 100% of the called up share capital.