Company No: 04428521 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

Richard Peter Stagg

REGISTERED OFFICE	Treviot House
	186-192 High Road
	Ilford
	IG1 1LR
	United Kingdom

COMPANY NUMBER

04428521 (England and Wales)

ACCOUNTANT	Gravita Essex Limited
	Treviot House
	186-192 High Road
	Ilford
	Essex
	IG1 1LR
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	66,606		59,942
		66,606		59,942
Current assets
Stocks	4	460,346		607,735
Debtors	5	2,008,219		1,574,196
Cash at bank and in hand		315,865		100,030
		2,784,430		2,281,961
Creditors: amounts falling due within one year	6	( 1,987,820)		( 1,956,194)
Net current assets		796,610		325,767
Total assets less current liabilities		863,216		385,709
Net assets		863,216		385,709
Capital and reserves
Called-up share capital		100,010		100,010
Profit and loss account		763,206		285,699
Total shareholder's funds		863,216		385,709

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

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Volume Clothing Limited (registered number: 04428521) were approved and authorised for issue by the Director on 04 November 2025. They were signed on its behalf by:

Richard Peter Stagg Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Volume Clothing Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Treviot House, 186-192 High Road, Ilford, IG1 1LR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	15 % reducing balance
Fixtures and fittings	15 % reducing balance
Computer equipment	15 % reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	28		22

3. Tangible assets

	Plant and machinery		Fixtures and fittings		Computer equipment		Total
	£		£		£		£
Cost
At 01 April 2024	9,774		68,550		40,395		118,719
Additions	850		4,035		12,710		17,595
At 31 March 2025	10,624		72,585		53,105		136,314
Accumulated depreciation
At 01 April 2024	7,462		46,268		5,047		58,777
Charge for the financial year	453		3,779		6,699		10,931
At 31 March 2025	7,915		50,047		11,746		69,708
Net book value
At 31 March 2025	2,709		22,538		41,359		66,606
At 31 March 2024	2,312		22,282		35,348		59,942

4. Stocks

	2025		2024
	£		£
Stocks	460,346		607,735

5. Debtors

	2025		2024
	£		£
Trade debtors	1,638,699		1,338,186
Other debtors	369,520		236,010
	2,008,219		1,574,196

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	1,551,752		1,766,658
Taxation and social security	258,829		59,414
Other creditors	177,239		130,122
	1,987,820		1,956,194

7. Secured Debts

At the year end, the invoice discounting facility which are included in Other creditors due within one year were secured by way of a fixed and floating charge over all of the assets of the company.