Mark Price Textiles Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08499709

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		13,675		16,535

			13,675		16,535
CURRENT ASSETS
Stocks	6	19,400		18,350
Debtors	7	46,378		71,748
Cash at bank and in hand		92,983		94,377

		158,761		184,475
Creditors: Amounts Falling Due Within One Year	8	(163,407 )		(163,739 )

NET CURRENT ASSETS (LIABILITIES)			(4,646 )		20,736

TOTAL ASSETS LESS CURRENT LIABILITIES			9,029		37,271

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,111 )		(1,392 )

NET ASSETS			7,918		35,879

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			7,818		35,779

SHAREHOLDERS' FUNDS			7,918		35,879

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Mark Price Textiles Limited

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 2025 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr M Price

Director

29 October 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Mark Price Textiles Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08499709 . The registered office is Two Hoots Melton Road, Hickling Pastures, Melton Mowbray, LE14 3QG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15% reducing balance
Motor Vehicles	25% reducing balance
Computer Equipment	15% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

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

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

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Mark Price Textiles Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 February 2024	28,000

As at 31 January 2025	28,000

Amortisation
As at 1 February 2024	28,000

As at 31 January 2025	28,000

Net Book Value
As at 31 January 2025	-

As at 1 February 2024	-

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 February 2024	20,516	12,000	2,026	34,542

As at 31 January 2025	20,516	12,000	2,026	34,542

Depreciation
As at 1 February 2024	8,498	8,203	1,306	18,007
Provided during the period	1,803	949	108	2,860

As at 31 January 2025	10,301	9,152	1,414	20,867

Net Book Value
As at 31 January 2025	10,215	2,848	612	13,675

As at 1 February 2024	12,018	3,797	720	16,535

6. Stocks

	2025	2024
	£	£
Stock	19,400	18,350

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	45,154	71,748
VAT	1,224	-

	46,378	71,748

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Mark Price Textiles Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	7,531	8,249
Corporation tax	-	435
VAT	-	10,943
Accruals and deferred income	3,197	3,197
Directors' loan accounts	152,679	140,915

	163,407	163,739

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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