Hygiene Supplies Direct Limited Company accounts

COMPANY REGISTRATION NUMBER: 04350856

Hygiene Supplies Direct Limited

Financial Statements

31 January 2025

Hygiene Supplies Direct Limited

Financial Statements

Year Ended 31 January 2025

Contents	Pages

Strategic report	1 to 2

Directors' report	3 to 4

Independent auditor's report to the members	5 to 8

Statement of income and retained earnings	9

Statement of financial position	10 to 11

Statement of cash flows	12

Notes to the financial statements	13 to 19

Hygiene Supplies Direct Limited

Strategic Report

Year Ended 31 January 2025

The directors presents their strategic report for the year ended 31st January 2025. Review of the business The principal activity of the company continued to be the supply and distribution of washroom & cleaning products, heating, cooling and other small household appliances through a range of online retail platforms, serving both consumer and B2B markets. The year ended 31st January 2025 has been challenging, with the ongoing effects of the cost of living crisis continuing to place increasing pressure on household incomes. Consumers have become more cautious in their spending habits, prioritising essential and value driven purchases. Despite this, the company's focus on energy-efficient and practical household products has remained a key strength, aligning well with evolving market demands and providing resilience in a difficult trading environment. The company has also continued to work closely with its suppliers to ensure the provision of high quality products at the most competitive prices. Throughout the year, the company has maintained profitable trading despite increasing price pressures from suppliers and has carefully managed its operations to preserve strong cash reserves. This prudent financial management ensures that the business remains well positioned to meet all its obligations and to respond effectively to both opportunities and challenges in the year ahead. Looking forward, the company remains committed to sustainable growth, continued investment in its online channels, and the delivery of excellent value and service to customers across all markets.

Principal risks and uncertainties

The directors consider the risks to the business both during the monthly management meetings and also during informal regular meetings where various different aspects of the business are discussed. The principal risks and uncertainties are considered to be as follows:-

Competitive risk

We are constantly monitoring our product ranges to ensure we are providing the best quality and technologically up-to date products to our consumers at the best possible price. The company is actively working product development on a constant basis. We are working on adding to our current outlets for sales to ensure the long-term growth of the business. We are currently selling mainly within the UK but are actively exploring the possibility of building sales relationships outside of the UK.

Credit risk

In order to manage our risk in this area, credit checks are done on all potential credit customers and existing companies are monitored for any changes.

Liquidity risk

The Directors manage and control the company's cashflows on a monthly basis to ensure all obligations are met and payments are made on time. The company does not currently require any outside finance and has self-funded its growth over the years.

Currency risk

A significant proportion of our products are imported from abroad so the company has to deal with foreign exchange fluctuations. This is managed by working with Foreign Exchange Brokers to facilitate payments and the limited use of forward contracts.

Key performance indicators

Turnover decreased 20.69% to £11,257,302 (2024 £14,193,935). Gross profit amounted to £3,801,560 (2024 £4,990,353) at a gross profit margin of 33.8% (2024 35.2%). Operating profit amounted to £625,338 (2024 £1,387,979). Net assets at 31st January 2025 were £2,178,876 (2024 £1,8600,449).

Future developments

As we move into 2026, the company's focus will remain on strengthening operational efficiency and expanding and enhancing product ranges. The company also plans to further develop and explore new markets to broaden distribution channels and reach new customer segments. Continued attention will be given to sustainability initiatives, including the sourcing of environmentally friendly products and the reduction of packaging waste. While economic conditions are expected to remain uncertain, the company's solid financial foundation, diversified product portfolio, and experienced management team provide confidence in its ability to deliver consistent performance and long term growth.

This report was approved by the board of directors on 31 October 2025 and signed on behalf of the board by:

G A Newton

Director

Registered office:

Ground Floor

Tayson House

Methley Road

Castleford

West Yorkshire

WF10 1PA

Hygiene Supplies Direct Limited

Directors' Report

Year Ended 31 January 2025

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

Directors

The directors who served the company during the year were as follows:

G A Newton
S A Day
M Tempest
A Catton
O Catton
S Newton
A Garnett

Dividends

Particulars of recommended dividends are detailed in note 11 to the financial statements.

Directors' responsibilities statement

The directors are responsible for preparing the strategic report, directors' report 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 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 judgments 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. Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.

This report was approved by the board of directors on 31 October 2025 and signed on behalf of the board by:

G A Newton

Director

Registered office:

Ground Floor

Tayson House

Methley Road

Castleford

West Yorkshire

WF10 1PA

Hygiene Supplies Direct Limited

Independent Auditor's Report to the Members of Hygiene Supplies Direct Limited

Year Ended 31 January 2025

Opinion

We have audited the financial statements of Hygiene Supplies Direct Limited (the 'company') for the year ended 31 January 2025 which comprise the statement of income and retained earnings, statement of financial position, statement of cash flows and the related notes, 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 FRS 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; - 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 auditor's 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 other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The director is responsible for the other information. 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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 directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report 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 directors' report. We have nothing to report in respect of the following matters in relation to which 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 directors' responsibilities statement, 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 is 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.

Auditor's 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 an auditor’s report 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 identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following: - The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; - We identified the laws and regulations applicable to the company through discussions with management; - We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including UK Companies legislation, tax legislation, employment legislation, environmental and health and safety legislation; - We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and - Identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur by; - Making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; - Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations; and - The matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. To address the risk of fraud through management bias and override of controls, we: - Performed analytical procedures to identify unusual or unexpected relationships; - Tested journal entries and other adjustments to identify unusual transactions; - Assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; - Investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: - Reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations; - Reading minutes of meetings of those charged with governance; - Enquiring of management as to actual or potential litigation claims; - Reviewing correspondence with HMRC, and the company's legal advisors. There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we become aware of it. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. 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 an auditor's report 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.

Michael Flanagan

(Senior Statutory Auditor)

For and on behalf of

Holmes Beaumont & Holroyd Limited

Chartered Accountants & statutory auditor

15 Ropergate End

Pontefract

West Yorkshire

WF8 1JT

31 October 2025

Hygiene Supplies Direct Limited

Statement of Income and Retained Earnings

Year Ended 31 January 2025

		2025	2024
Note		£	£
Turnover	4	11,257,302	14,193,935

Cost of sales	( 7,455,742)	( 9,203,582)
	-------------	-------------
Gross profit	3,801,560	4,990,353

Administrative expenses		( 3,190,563)	( 3,610,762)
		------------	------------
Operating profit	5	610,997	1,379,591

Other interest receivable and similar income	9	14,341	8,388
		------------	------------
Profit before taxation		625,338	1,387,979

Tax on profit	10	( 156,911)	( 337,857)
		---------	------------
Profit for the financial year and total comprehensive income		468,427	1,050,122
		---------	------------

Dividends paid and payable	11	( 150,000)	( 725,000)

Retained earnings at the start of the year	1,860,349	1,535,227
	------------	------------
Retained earnings at the end of the year	2,178,776	1,860,349
	------------	------------

All the activities of the company are from continuing operations.

Hygiene Supplies Direct Limited

Statement of Financial Position

31 January 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	12	13,003	16,465
Tangible assets	13	56,685	61,128
		--------	--------
		69,688	77,593

Current assets

Stocks	14	3,651,382	3,857,720
Debtors	15	717,103	1,018,663
Cash at bank and in hand		269,900	240,149
		------------	------------
		4,638,385	5,116,532

Creditors: amounts falling due within one year	16	( 2,515,056)		( 3,318,394)
		------------		------------
Net current assets			2,123,329	1,798,138
			------------	------------
Total assets less current liabilities			2,193,017	1,875,731

Provisions

Taxation including deferred tax	17	( 14,141)	( 15,282)
		------------	------------
Net assets		2,178,876	1,860,449
		------------	------------

Hygiene Supplies Direct Limited

Statement of Financial Position (continued)

31 January 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	20	100	100
Profit and loss account	21	2,178,776	1,860,349
		------------	------------
Shareholders funds		2,178,876	1,860,449
		------------	------------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the medium companies regime.

These financial statements were approved by the board of directors and authorised for issue on 31 October 2025 , and are signed on behalf of the board by:

G A Newton

Director

Company registration number: 04350856

Hygiene Supplies Direct Limited

Statement of Cash Flows

Year Ended 31 January 2025

	2025	2024
	£	£

Cash flows from operating activities

Profit for the financial year	468,427	1,050,122

Adjustments for:
Depreciation of tangible assets	11,222	11,999
Amortisation of intangible assets	4,657	4,537
Other interest receivable and similar income	( 14,341)	( 8,388)
Loss on disposal of tangible assets	1,876	1,940
Tax on profit	156,911	337,857
Accrued (income)/expenses	( 135,996)	95,532

Changes in:
Stocks	206,338	( 615,797)
Trade and other debtors	301,560	86,965
Trade and other creditors	( 269,331)	( 314,998)
	---------	------------
Cash generated from operations	731,323	649,769

Interest received	14,341	8,388
Tax paid	( 212,300)	( 414,143)
	---------	---------
Net cash from operating activities	533,364	244,014
	---------	---------

Cash flows from investing activities

Purchase of tangible assets	( 8,655)	( 5,231)
Purchase of intangible assets	( 1,195)	( 795)
	---------	---------
Net cash used in investing activities	( 9,850)	( 6,026)
	---------	---------

Cash flows from financing activities

Proceeds from borrowings	4,280	( 4,189)
Proceeds from loans from group undertakings	( 348,043)	1,023
Dividends paid	( 150,000)	( 725,000)
	---------	---------
Net cash used in financing activities	( 493,763)	( 728,166)
	---------	---------

Net increase/(decrease) in cash and cash equivalents	29,751	( 490,178)
Cash and cash equivalents at beginning of year	240,149	730,327
	---------	---------
Cash and cash equivalents at end of year	269,900	240,149
	---------	---------

Hygiene Supplies Direct Limited

Notes to the Financial Statements

Year Ended 31 January 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 Ground Floor, Tayson House, Methley Road, Castleford, West Yorkshire, WF10 1PA.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Revenue in respect of turnover is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Income tax

Taxation represents the sum of tax currently payable and deferred tax. 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 all 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 and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. 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 is realised.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Intangible assets

Patents, trademarks and licences are stated at cost.

Amortisation

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

	Patents, trademarks and licences	-	10% straight line

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 subsequently stated at cost less any accumulated depreciation and impairment losses.

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:

Fixtures and fittings	-	15% reducing balance
Computer equipment	-	20% reducing balance

Impairment of fixed assets

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.

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 stock to its present location and condition.

Financial instruments

Basic financial instruments are recognised at amortised cost. The company holds the following financial assets and liabilities: Cash Short-term trade and other debtors and creditors Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

Defined contribution plans

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the income statement when due.

4. Turnover

Turnover arises from:

	2025	2024
	£	£
Sale of goods	11,257,302	14,193,935
	-------------	-------------

The turnover is attributable to the one principal activity of the company. An analysis of turnover by the geographical markets that substantially differ from each other is given below:

	2025	2024
	£	£
United Kingdom	11,195,582	14,152,842
Overseas sales	61,720	41,093
	-------------	-------------
	11,257,302	14,193,935
	-------------	-------------

5. Operating profit

Operating profit or loss is stated after charging/crediting:

	2025	2024
	£	£
Amortisation of intangible assets	4,657	4,537
Depreciation of tangible assets	11,222	11,999
Loss on disposal of tangible assets	1,876	1,940
Impairment of trade debtors	865	27,916
Foreign exchange differences	471	( 6,667)
	--------	--------

6. Auditor's remuneration

	2025	2024
	£	£
Fees payable for the audit of the financial statements	12,000	12,000
	--------	--------

7. Staff costs

The average number of persons employed by the company during the year, including the directors, amounted to:

	2025	2024
	No.	No.
Distribution staff	14	12
Administrative staff	20	20
Management staff	8	8
	--------	--------
	42	40
	--------	--------

The aggregate payroll costs incurred during the year, relating to the above, were:

	2025	2024
	£	£
Wages and salaries	857,840	935,491
Social security costs	82,867	90,821
Other pension costs	25,047	26,023
	---------	------------
	965,754	1,052,335
	---------	------------

8. Directors' remuneration

The directors' aggregate remuneration in respect of qualifying services was:

	2025	2024
	£	£
Remuneration	473,000	468,000
	---------	---------

Remuneration of the highest paid director in respect of qualifying services:

	2025	2024
	£	£
Aggregate remuneration	80,000	80,000
	--------	--------

9. Other interest receivable and similar income

	2025	2024
	£	£
Other interest receivable and similar income	14,341	8,388
	--------	--------

10. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	158,052	335,694
Adjustments in respect of prior periods	–	150
	---------	---------
Total current tax	158,052	335,844
	---------	---------

Deferred tax:

Origination and reversal of timing differences	( 1,141)	2,013
	---------	---------
Tax on profit	156,911	337,857
	---------	---------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is higher than (2024: higher than) the standard rate of corporation tax in the UK of 25 % (2024: 24.03 %).

	2025	2024
	£	£
Profit on ordinary activities before taxation	625,338	1,387,979
	---------	------------
Profit on ordinary activities by rate of tax	156,334	333,532
Adjustment to tax charge in respect of prior periods	–	150
Effect of expenses not deductible for tax purposes	607	69
Effect of capital allowances and depreciation	( 30)	4,106
	---------	------------
Tax on profit	156,911	337,857
	---------	------------

11. Dividends

	2025	2024
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )	150,000	725,000
	---------	---------

12. Intangible assets

	Patents, trademarks and licences
	£
Cost
At 1 February 2024	45,279
Additions	1,195
	--------
At 31 January 2025	46,474
	--------
Amortisation
At 1 February 2024	28,814
Charge for the year	4,657
	--------
At 31 January 2025	33,471
	--------
Carrying amount
At 31 January 2025	13,003
	--------
At 31 January 2024	16,465
	--------

13. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 February 2024	101,864	38,858	140,722
Additions	3,511	5,144	8,655
Disposals	( 1,600)	( 1,899)	( 3,499)
	---------	--------	---------
At 31 January 2025	103,775	42,103	145,878
	---------	--------	---------
Depreciation
At 1 February 2024	56,568	23,026	79,594
Charge for the year	7,211	4,011	11,222
Disposals	( 765)	( 858)	( 1,623)
	---------	--------	---------
At 31 January 2025	63,014	26,179	89,193
	---------	--------	---------
Carrying amount
At 31 January 2025	40,761	15,924	56,685
	---------	--------	---------
At 31 January 2024	45,296	15,832	61,128
	---------	--------	---------

14. Stocks

	2025	2024
	£	£
Finished goods and goods for resale	3,651,382	3,857,720
	------------	------------

15. Debtors

	2025	2024
	£	£
Trade debtors	525,870	774,353
Prepayments and accrued income	191,233	244,310
	---------	------------
	717,103	1,018,663
	---------	------------

16. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	901,254	1,135,856
Amounts owed to group undertakings	1,016,295	1,364,338
Accruals and deferred income	350,699	486,695
Corporation tax	57,528	111,776
Social security and other taxes	181,040	215,769
Director loan accounts	6,463	2,183
Other creditors	1,777	1,777
	------------	------------
	2,515,056	3,318,394
	------------	------------

17. Provisions

	Deferred tax (note 18)
	£
At 1 February 2024	15,282
Charge against provision	( 1,141)
	--------
At 31 January 2025	14,141
	--------

18. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 17)	14,141	15,282
	--------	--------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	14,141	15,282
	--------	--------

19. Employee benefits

Defined contribution plans

The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 25,047 (2024: £ 26,023 ).

20. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary A shares of £ 1 each	70	70	70	70
Ordinary B shares of £ 1 each	30	30	30	30
	--------	--------	--------	--------
	100	100	100	100
	--------	--------	--------	--------

21. Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses.

22. Analysis of changes in net debt

	At 1 Feb 2024	Cash flows	At 31 Jan 2025
	£	£	£
Cash at bank and in hand	240,149	29,751	269,900
Debt due within one year	(1,366,521)	343,763	(1,022,758)
	------------	---------	------------
	( 1,126,372)	373,514	( 752,858)
	------------	---------	------------

23. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	117,968	132,689
Later than 1 year and not later than 5 years	310,030	330,590
Later than 5 years	33,699	108,699
	---------	---------
	461,697	571,978
	---------	---------

24. Directors' advances, credits and guarantees

No advances were made to any director of the company during the year and no amounts in respect of advances to directors were outstanding at the year end. The company has not provided any guarantees on behalf of its directors during the year.

25. Controlling party

The company is a wholly owned subsidiary of Newton Holdings Yorkshire Limited.