APPLIED WOOL TRADING CO. LIMITED 12371631 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is that of international trade in textiles such as wool and cashmere. Digita Accounts Production Advanced 6.30.9574.0 true 12371631 2024-01-01 2024-12-31 12371631 2024-12-31 12371631 bus:OrdinaryShareClass1 bus:OtherShareType 2024-12-31 12371631 core:RetainedEarningsAccumulatedLosses 2024-12-31 12371631 core:ShareCapital 2024-12-31 12371631 core:CurrentFinancialInstruments 2024-12-31 12371631 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 12371631 bus:SmallEntities 2024-01-01 2024-12-31 12371631 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 12371631 bus:FullAccounts 2024-01-01 2024-12-31 12371631 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 12371631 bus:RegisteredOffice 2024-01-01 2024-12-31 12371631 bus:CompanySecretary1 2024-01-01 2024-12-31 12371631 bus:Director2 2024-01-01 2024-12-31 12371631 bus:Director3 2024-01-01 2024-12-31 12371631 bus:OrdinaryShareClass1 bus:OtherShareType 2024-01-01 2024-12-31 12371631 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12371631 bus:Agent1 2024-01-01 2024-12-31 12371631 core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 12371631 core:ShareCapital 2024-01-01 2024-12-31 12371631 countries:England 2024-01-01 2024-12-31 12371631 2023-12-31 12371631 core:RetainedEarningsAccumulatedLosses 2023-12-31 12371631 core:ShareCapital 2023-12-31 12371631 2023-01-01 2023-12-31 12371631 2023-12-31 12371631 bus:OrdinaryShareClass1 bus:OtherShareType 2023-12-31 12371631 core:CurrentFinancialInstruments 2023-12-31 12371631 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 12371631 core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 12371631 core:ShareCapital 2023-01-01 2023-12-31 12371631 2022-12-31 12371631 core:RetainedEarningsAccumulatedLosses 2022-12-31 12371631 core:ShareCapital 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12371631

APPLIED WOOL TRADING CO. LIMITED
Annual Report and Unaudited Financial Statements
for the Year Ended 31 December 2024

APPLIED WOOL TRADING CO. LIMITED

Contents

Company Information | 1
Directors' Report | 2
Profit and Loss Account | 3
Statement of Comprehensive Income | 4
Balance Sheet | 5
Statement of Changes in Equity | 6
Notes to the Unaudited Financial Statements | 7 to 9

APPLIED WOOL TRADING CO. LIMITED

Company Information

Directors | Woodford Directors Limited Ms Andreea Ecaterina Mocanu

Company secretary | Woodford Services Limited

Registered office | 3 The Shrubberies George Lane London E18 1BD

Accountants | ACCOUNTING 2 TREND LTD 3 The Shrubberies George Lane London E18 1BD

APPLIED WOOL TRADING CO. LIMITED

Directors' Report for the Year Ended 31 December 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

Directors of the company

The directors who held office during the year were as follows:

Woodford Directors Limited

Ms Andreea Ecaterina Mocanu

Principal activity

The principal activity of the company is that of international trade in textiles such as wool and cashmere.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 3 November 2025 and signed on its behalf by:

......................................... Ms Andreea Ecaterina Mocanu Director

APPLIED WOOL TRADING CO. LIMITED

Profit and Loss Account for the Year Ended 31 December 2024

| Note | 2024 £ | 2023 £
Turnover |  | 6,491,523 | 1,438,671
Cost of sales |  | (6,233,557) | (1,228,021)
Gross profit |  | 257,966 | 210,650
Administrative expenses |  | (43,746) | (41,488)
Other operating income |  | - | 335
Operating profit |  | 214,220 | 169,497
Profit before tax |  | 214,220 | 169,497
Tax on profit |  | (53,555) | (46,902)
Profit for the financial year |  | 160,665 | 122,595

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

APPLIED WOOL TRADING CO. LIMITED

Statement of Comprehensive Income for the Year Ended 31 December 2024

| 2024 £ | 2023 £
Profit for the year | 160,665 | 122,595
Total comprehensive income for the year | 160,665 | 122,595

APPLIED WOOL TRADING CO. LIMITED

(Registration number: 12371631)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Current assets |  |  |
Stocks | 4 | 468,831 | -
Debtors | 5 | 2,487,159 | 869,558
Cash at bank and in hand |  | 243,188 | 502,558
|  | 3,199,178 | 1,372,116
Creditors: Amounts falling due within one year | 6 | (2,447,540) | (781,143)
Net assets |  | 751,638 | 590,973
Capital and reserves |  |  |
Called up share capital | 7 | 100 | 100
Retained earnings |  | 751,538 | 590,873
Shareholders' funds |  | 751,638 | 590,973

For the financial year ending 31 December 2024 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 3 November 2025 and signed on its behalf by:

......................................... Ms Andreea Ecaterina Mocanu Director

APPLIED WOOL TRADING CO. LIMITED

Statement of Changes in Equity for the Year Ended 31 December 2024

| Share capital £ | Retained earnings £ | Total £
At 1 January 2024 | 100 | 590,873 | 590,973
Profit for the year | - | 160,665 | 160,665
At 31 December 2024 | 100 | 751,538 | 751,638

| Share capital £ | Retained earnings £ | Total £
At 1 January 2023 | 100 | 468,278 | 468,378
Profit for the year | - | 122,595 | 122,595
At 31 December 2023 | 100 | 590,873 | 590,973

APPLIED WOOL TRADING CO. LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
3 The Shrubberies
George Lane
London
E18 1BD
United Kingdom

These financial statements were authorised for issue by the Board on 3 November 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

APPLIED WOOL TRADING CO. LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

4 | Stocks

| 2024 £ | 2023 £
Other inventories | 468,831 | -

5 | Debtors

APPLIED WOOL TRADING CO. LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Current | 2024 £ | 2023 £
Trade debtors | 2,199,886 | 579,963
Prepayments | 286,222 | 286,927
Other debtors | 1,051 | 2,668
| 2,487,159 | 869,558

6 | Creditors

Creditors: amounts falling due within one year

| 2024 £ | 2023 £
Due within one year |  |
Trade creditors | 1,898,185 | 743,280
Taxation and social security | 88,315 | 33,171
Accruals and deferred income | 461,040 | -
Other creditors | - | 4,692
| 2,447,540 | 781,143

7 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100