REGISTERED NUMBER: 08385462 (England and Wales)

Financial Statements

for the Year Ended 31 January 2025

for

WOLFEYEWEAR LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T B Wolfenden

Mrs J M Wolfenden

Mr I M Wolfenden

REGISTERED OFFICE:

Unit 2 Oakwood Enterprise Park

Rowden Lane

Ledburn

Bedfordshire

LU7 0GR

REGISTERED NUMBER:

08385462 (England and Wales)

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

35,614

53,832

35,614

53,832

CURRENT ASSETS

Stocks

560,897

474,824

Debtors

6

1,130,543

1,289,078

Cash at bank and in hand

150,406

192,956

1,841,846

1,956,858

CREDITORS

Amounts falling due within one year

7

917,421

882,174

NET CURRENT ASSETS

924,425

1,074,684

TOTAL ASSETS LESS CURRENT LIABILITIES

960,039

1,128,516

CREDITORS

Amounts falling due after more than one year

8

-

(2,562

)

PROVISIONS FOR LIABILITIES

9

(7,693

)

(18,055

)

NET ASSETS

952,346

1,107,899

CAPITAL AND RESERVES

Called up share capital

10

101

101

Retained earnings

952,245

1,107,798

SHAREHOLDERS' FUNDS

952,346

1,107,899

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

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

The directors acknowledge their 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2025 and were signed on its behalf by:

Mr T B Wolfenden - Director

1.	STATUTORY INFORMATION

Wolfeyewear Ltd 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

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

Tangible fixed assets

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

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 February 2024

and 31 January 2025

15,100

AMORTISATION

At 1 February 2024

and 31 January 2025

15,100

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machiner

etc

£

COST

At 1 February 2024

157,018

Additions

6,489

At 31 January 2025

163,507

DEPRECIATION

At 1 February 2024

103,186

Charge for year

24,707

At 31 January 2025

127,893

NET BOOK VALUE

At 31 January 2025

35,614

At 31 January 2024

53,832

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

372,250

830,402

Amounts owed by group undertakings

22,302

-

Other debtors

735,991

458,676

1,130,543

1,289,078

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

-

482,452

Hire purchase contracts

2,562

10,250

Trade creditors

93,626

159,224

Amounts owed to group undertakings

656,160

-

Taxation and social security

98,378

79,069

Other creditors

66,695

151,179

917,421

882,174

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Hire purchase contracts

-

2,562

9.	PROVISIONS FOR LIABILITIES

31.1.25

31.1.24

£

£

Deferred tax

7,693

18,055

Deferred

tax

£

Balance at 1 February 2024

18,055

Provided during year

(10,362

)

Balance at 31 January 2025

7,693

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

47

A Ordinary

50p

24

24

47

B Ordinary

50p

24

24

50

C Ordinary

50p

25

25

50

D Ordinary

50p

25

25

2

E Ordinary

50p

1

1

2

F Ordinary

50p

1

1

2

G Ordinary

50p

1

1

101

101

11.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £22,302 (2024: £Nil) by White Optics Limited and £533,311 (2024: £329,240) owed by Wolf Eyewear Canada Inc. The company owed £656,160 (2024: £Nil) to Wolf Eyewear Group Limited. The companies are related by virtue of the fact that they are under common control.