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Registered number: 11966406 MY FABULOSA LTD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
MY FABULOSA LTD COMPANY INFORMATION
Directors | Michael Sharpe
| James Sharpe
| Adam Burnett
| Ricky Lee
| Mike Pritchard (resigned 23 September 2025)
| Thomas Mitten
Registered number | 11966406
Registered office | Airfield House
| Unit 8
| Airfield Road
| Wardle
| Cheshire
| CW5 6LQ
Independent auditors | WR Partners
| Chartered Accountants & Statutory Auditors
| Drake House
| Gadbrook Park
| Rudheath
| Northwich
| Cheshire
| CW9 7RA
MY FABULOSA LTD CONTENTS
| Page
Group strategic report | 1 - 2
Directors' report | 3 - 4
Independent auditors' report | 5 - 8
Consolidated statement of comprehensive income | 9
Consolidated balance sheet | 10
Company balance sheet | 11 - 12
Consolidated statement of changes in equity | 13
Company statement of changes in equity | 14
Consolidated statement of cash flows | 15 - 16
Consolidated analysis of net debt | 17
Notes to the financial statements | 18 - 37
MY FABULOSA LTD GROUP STRATEGIC REPORT FOR THE YEAR ENDED 31 AUGUST 2025
Introduction
The directors present their strategic report for the year ended 31 August 2025.
Business review
The key financial and other performance indicators during the year were as follows:
| 2025 | 2024
| £'000 | £'000
Turnover | 44,273 | 34,569
Profit before tax | 6,290 | 4,759
Investment in plant and machinery | 3,316 | 2,327
Increase in hire purchase commitments | 83 | 257
The business has continued its strong performance over the last 12 months. Overseas sales have strengthened combined with a solid performance in the UK market. In addition to this, we have achieved significant growth in online sales during the year through various platforms helping to further grow the Fabulosa brand. Gross profit percentage for the year was 34% (2024: 36%) driven by an increase in labour and transport costs due to delays in new plant and machinery installation. The balance sheet position remains robust with net assets of £16.5m (2024: £11.4m). This gives the Company security, stability and confidence in its ability to meet financial liabilities as they fall due. The Company continues to focus on working practices and reviews processes as a matter of course.
Principal risks and uncertainties
The Group's directors take an active approach to risk management and have identified a number of risks which are managed and monitored on an ongoing basis. These are reviewed formally at the monthly board meetings.
Key performance indicators
In order to monitor the performance of the Group against its objectives the directors consider the following KPI's: - Profitability - Turnover - Sales pipeline - Cash balances These KPIs are reported on a monthly basis and form part of the monthly management accounts pack.
Future developments
As we move into 2026, we are focused on increasing brand exposure through sales in existing and new territories as well as via new sales platforms. We continue to invest in new product development to further drive sales, whilst ensuring our production process remains as efficient as possible. Page 1
MY FABULOSA LTD GROUP STRATEGIC REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 This report was approved by the board on 11 November 2025 and signed on its behalf.
Thomas Mitten Director
Page 2
MY FABULOSA LTD DIRECTORS' REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The directors present their report and the financial statements for the year ended 31 August 2025.
Directors' responsibilities statement
The directors are responsible for preparing the Group strategic report, the Directors' report and the consolidated 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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 Group and of the profit or loss of the Group for that period. In preparing these financial statements, the directors are required to: ∙select suitable accounting policies for the Group's financial statements 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 Group 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 the Group and to 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 the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Principal activity
The principal activity of the business continued to be that of the manufacture and sale of fragranced household products.
Results and dividends
The profit for the year, after taxation, amounted to £7,340,626 (2024 - £3,605,307). The total distribution of dividends for the year ended 31 August 2025 was £2,252,574 (2024 - £1,833,449).
Directors
The directors who served during the year were:
Michael Sharpe
James Sharpe
Adam Burnett
Ricky Lee
Mike Pritchard (resigned 23 September 2025)
Thomas Mitten
Page 3
MY FABULOSA LTD DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025
Financial instruments
The business' principal financial instruments comprise bank balances, bank loans, other loans, trade debtors and trade creditors. The main purpose of these instruments is to finance the business' operations. In respect of bank balances, the liquidity risk is managed by maintaining a balance between the continuity of funding and flexibility through the use of bank loans and factoring agreement. Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to customers and regular monitoring of amounts outstanding for both time and credit limits. The amounts presented in the balance sheet are net of allowances for doubtful debtors. Trade creditors' liquidity risk is managed by ensuring sufficient funds are available to meet amounts due. The company is lessee in respect of operating leased assets. The liquidity risk in respect of these assets is managed by ensuring there are sufficient funds to meet the payments.
Disclosure of information to auditors
Each of the persons who are directors at the time when this Directors' report is approved has confirmed that: ∙so far as the director is aware, there is no relevant audit information of which the Company and the Group's auditors are unaware, and ∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company and the Group's auditors are aware of that information.
Auditors
The auditors, WR Partners, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006. This report was approved by the board on 11 November 2025 and signed on its behalf.
Thomas Mitten Director
Page 4
MY FABULOSA LTD INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MY FABULOSA LTD
Opinion
We have audited the financial statements of My Fabulosa Ltd (the 'Parent Company') and its subsidiaries (the 'Group') for the year ended 31 August 2025, which comprise the Consolidated statement of comprehensive income, the Consolidated analysis of net debt, the Consolidated Balance Sheet, the Company Balance Sheet, the Consolidated Statement of Cash Flows, the Consolidated Statement of Changes in Equity, the Company Statement of Changes in Equity 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 Financial Reporting Standard 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 Group's and of the Parent Company's affairs as at 31 August 2025 and of the Group's profit for the year then ended; ∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and ∙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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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 Group's or the Parent 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. Page 5
MY FABULOSA LTD INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MY FABULOSA LTD (CONTINUED)
Other information
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. 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. 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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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.
Opinion 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 Group 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 Group 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 Group and the Parent Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group 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 by the Parent Company, or returns adequate for our audit have not been received from branches not visited by us; or ∙the Parent Company 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. Page 6
MY FABULOSA LTD INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MY FABULOSA LTD (CONTINUED)
Responsibilities of directors
As explained more fully in the Directors' responsibilities statement set out on page 3, 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 Group's and the Parent 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 Group or the Parent Company or to cease operations, or have no realistic alternative but to do so.
Auditors' 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 Auditors' 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 Group 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: The audit team obtained an understanding of the legal and regulatory frameworks that are applicable to the Company and determined that the most significant are those that relate to the reporting framework (FRS 102 and the Companies Act 2006), the relevant tax compliance regulations, employment law, health and safety regulations, UK General Data Protection Regulation and Food Standards Act. We understood how the Company is complying with these frameworks by making enquiries of management and those responsible for legal and compliance procedures. We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur by meeting with key management to gain their understanding. Based on our understanding, our procedures involved enquiries of management, manual journal testing, cash book reviews for large and unusual transactions and challenging management on key accounting estimates and judgements. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report. Page 7
MY FABULOSA LTD INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MY FABULOSA LTD (CONTINUED)
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 Auditors' 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. Chris Speakman (Senior statutory auditor) for and on behalf of WR Partners Chartered Accountants Statutory Auditors Drake House Gadbrook Park Rudheath Northwich Cheshire CW9 7RA 13 November 2025 Page 8
MY FABULOSA LTD CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 AUGUST 2025
| 2025 | 2024
Note | £ | £
Turnover | 5 | 44,273,323 | 34,568,556
Cost of sales |  | (29,348,355) | (22,086,632)
Gross profit |  | 14,924,968 | 12,481,924
Administrative expenses |  | (7,666,264) | (6,605,603)
Operating profit | 8 | 7,258,704 | 5,876,321
Interest receivable and similar income |  | 5,512 | -
Interest payable and similar expenses | 10 | (974,241) | (1,117,460)
Profit before tax |  | 6,289,975 | 4,758,861
Tax on profit | 11 | 1,050,651 | (1,153,554)
Profit for the financial year |  | 7,340,626 | 3,605,307
Other comprehensive income for the year |  |  |
Total comprehensive income for the year |  | 7,340,626 | 3,605,307
Profit for the year attributable to: |  |  |
Owners of the parent company |  | 7,340,626 | 3,605,307
|  | 7,340,626 | 3,605,307
Total comprehensive income attributable to: |
The notes on pages 18 to 37 form part of these financial statements.
Page 9
MY FABULOSA LTD REGISTERED NUMBER: 11966406 CONSOLIDATED BALANCE SHEET AS AT 31 AUGUST 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 12 |  | 209,205 |  | 233,024
Tangible assets | 13 |  | 17,810,780 |  | 13,163,175
|  |  | 18,019,985 |  | 13,396,199
Current assets |  |  |  |  |
Stocks | 15 | 17,532,569 |  | 16,133,272 |
Debtors: amounts falling due within one year | 16 | 8,390,670 |  | 8,566,741 |
Cash at bank and in hand | 17 | 4,775,289 |  | 2,251,878 |
|  | 30,698,528 |  | 26,951,891 |
Creditors: amounts falling due within one year | 18 | (25,320,127) |  | (22,780,178) |
Net current assets |  |  | 5,378,401 |  | 4,171,713
Total assets less current liabilities |  |  | 23,398,386 |  | 17,567,912
Creditors: amounts falling due after more than one year | 19 |  | (4,412,798) |  | (3,488,596)
Provisions for liabilities |  |  |  |  |
Deferred tax | 22 | (2,454,783) |  | (2,636,563) |
|  |  | (2,454,783) |  | (2,636,563)
Net assets |  |  | 16,530,805 |  | 11,442,753
Capital and reserves |  |  |  |  |
Called up share capital | 23 |  | 100 |  | 100
Profit and loss account | 24 |  | 16,530,705 |  | 11,442,653
|  |  | 16,530,805 |  | 11,442,753
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 November 2025.
Thomas Mitten
Director
The notes on pages 18 to 37 form part of these financial statements. Page 10
MY FABULOSA LTD REGISTERED NUMBER: 11966406 COMPANY BALANCE SHEET AS AT 31 AUGUST 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 12 |  | 209,205 |  | 233,024
Tangible assets | 13 |  | 17,810,780 |  | 13,163,175
Investments | 14 |  | 84 |  | 84
|  |  | 18,020,069 |  | 13,396,283
Current assets |  |  |  |  |
Stocks | 15 | 3,976,278 |  | 3,466,223 |
Debtors: amounts falling due within one year | 16 | 21,944,916 |  | 21,233,790 |
Cash at bank and in hand | 17 | 4,775,289 |  | 2,251,878 |
|  | 30,696,483 |  | 26,951,891 |
Creditors: amounts falling due within one year | 18 | (25,320,211) |  | (22,780,262) |
Net current assets |  |  | 5,376,272 |  | 4,171,629
Total assets less current liabilities |  |  | 23,396,341 |  | 17,567,912
Creditors: amounts falling due after more than one year | 19 |  | (4,412,798) |  | (3,488,596)
Provisions for liabilities |  |  |  |  |
Deferred taxation | 22 | (2,454,783) |  | (2,636,563) |
|  |  | (2,454,783) |  | (2,636,563)
Net assets |  |  | 16,528,760 |  | 11,442,753
Page 11
MY FABULOSA LTD REGISTERED NUMBER: 11966406 COMPANY BALANCE SHEET (CONTINUED) AS AT 31 AUGUST 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Capital and reserves |  |  |  |  |
Called up share capital | 23 |  | 100 |  | 100
Profit and loss account brought forward |  | 11,442,653 |  | 9,670,795 |
Profit for the year |  | 7,338,581 |  | 3,605,307 |
Distributions to shareholders |  | (2,252,574) |  | (1,833,449) |
Profit and loss account carried forward |  |  | 16,528,660 |  | 11,442,653
|  |  | 16,528,760 |  | 11,442,753
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 November 2025.
Thomas Mitten
Director
The notes on pages 18 to 37 form part of these financial statements. Page 12
MY FABULOSA LTD CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 AUGUST 2025
| Called up share capital | Profit and loss account | Equity attributable to owners of Parent Company | Total equity
| £ | £ | £ | £
At 1 September 2023 | 100 | 9,670,795 | 9,670,895 | 9,670,895
Comprehensive income for the year |  |  |  |
Profit for the year | - | 3,605,307 | 3,605,307 | 3,605,307
Total comprehensive income for the year | - | 3,605,307 | 3,605,307 | 3,605,307
Contributions by and distributions to owners |  |  |  |
Dividends: Equity capital | - | (1,833,449) | (1,833,449) | (1,833,449)
Total transactions with owners | - | (1,833,449) | (1,833,449) | (1,833,449)
At 1 September 2024 | 100 | 11,442,653 | 11,442,753 | 11,442,753
Comprehensive income for the year |  |  |  |
Profit for the year | - | 7,340,626 | 7,340,626 | 7,340,626
Total comprehensive income for the year | - | 7,340,626 | 7,340,626 | 7,340,626
Contributions by and distributions to owners |  |  |  |
Dividends: Equity capital | - | (2,252,574) | (2,252,574) | (2,252,574)
Total transactions with owners | - | (2,252,574) | (2,252,574) | (2,252,574)
At 31 August 2025 | 100 | 16,530,705 | 16,530,805 | 16,530,805
| The notes on pages 18 to 37 form part of these financial statements.
Page 13
MY FABULOSA LTD COMPANY STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 AUGUST 2025
| Called up share capital | Profit and loss account | Total equity
| £ | £ | £
At 1 September 2023 | 100 | 9,670,795 | 9,670,895
Comprehensive income for the year |  |  |
Profit for the year | - | 3,605,307 | 3,605,307
Total comprehensive income for the year | - | 3,605,307 | 3,605,307
Contributions by and distributions to owners |  |  |
Dividends: Equity capital | - | (1,833,449) | (1,833,449)
Total transactions with owners | - | (1,833,449) | (1,833,449)
At 1 September 2024 | 100 | 11,442,653 | 11,442,753
Comprehensive income for the year |  |  |
Profit for the year | - | 7,338,581 | 7,338,581
Total comprehensive income for the year | - | 7,338,581 | 7,338,581
Contributions by and distributions to owners |  |  |
Dividends: Equity capital | - | (2,252,574) | (2,252,574)
Total transactions with owners | - | (2,252,574) | (2,252,574)
At 31 August 2025 | 100 | 16,528,660 | 16,528,760
| The notes on pages 18 to 37 form part of these financial statements.
Page 14
MY FABULOSA LTD CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025
|  |  | 2025 | 2024
|  |  | £ | £
Cash flows from operating activities |  |
Profit for the financial year | 7,340,626 | 3,605,307
Adjustments for: |  |
Amortisation of intangible assets | 23,819 | 23,802
Depreciation of tangible assets | 1,893,992 | 1,147,666
Loss on disposal of tangible assets | (21,922) | (131,258)
Interest paid | 974,241 | 1,117,460
Interest received | (5,512) | -
Taxation charge | (1,050,651) | 1,153,554
(Increase) in stocks | (1,399,297) | (5,951,264)
Decrease/(increase) in debtors | 176,071 | (2,071,789)
Increase in creditors | 2,256,250 | 3,882,448
Increase/(decrease)) in amounts owed to participating ints | - | (56,976)
Net cash generated from operating activities | 10,187,617 | 2,718,950
Cash flows from investing activities |  |
Purchase of intangible fixed assets | - | (921)
Purchase of tangible fixed assets | (6,900,372) | (2,325,925)
Sale of tangible fixed assets | 380,697 | 478,569
Interest received | 5,512 | -
HP interest paid | (564,800) | (684,190)
Net cash from investing activities | (7,078,963) | (2,532,467)
Cash flows from financing activities |  |
New secured loans | - | 2,441,124
Repayment of loans | (2,534,874) | -
Repayment of other loans | (104,331) | (171,944)
Repayment of/new finance leases | 82,561 | 257,042
Movements on invoice discounting | 4,633,416 | 1,245,659
Dividends paid | (2,252,574) | (1,833,449)
Interest paid | (409,441) | (433,270)
Net cash used in financing activities | (585,243) | 1,505,162
Net increase in cash and cash equivalents | 2,523,411 | 1,691,645
Cash and cash equivalents at beginning of year | 2,251,878 | 560,233
Cash and cash equivalents at the end of year | 4,775,289 | 2,251,878
Page 15
MY FABULOSA LTD CONSOLIDATED STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025
|  | 2025 | 2024
|  | £ | £
Cash and cash equivalents at the end of year comprise: |  |
Cash at bank and in hand | 4,775,289 | 2,251,878
| 4,775,289 | 2,251,878
The notes on pages 18 to 37 form part of these financial statements.
Page 16
MY FABULOSA LTD CONSOLIDATED ANALYSIS OF NET DEBT FOR THE YEAR ENDED 31 AUGUST 2025
| At 1 September 2024 | Cash flows | New finance leases | At 31 August 2025
| £ | £ | £ | £
Cash at bank and in hand | 2,251,877 | 2,523,412 | - | 4,775,289
Debt due within 1 year | (2,639,205) | 639,605 | - | (1,999,600)
Finance leases | (2,541,451) | 1,681,751 | (1,764,312) | (2,624,012)
| (2,928,779) | 4,844,768 | (1,764,312) | 151,677
The notes on pages 18 to 37 form part of these financial statements.
Page 17
MY FABULOSA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
1. | General information
My Fabulosa 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 consolidated financial statements include the results of MPL Manufacturing Ltd, a company that has been treated as a subsidiary as a result of My Fabulosa Ltd's dominant influence and it being managed on a unified basis.
2. | Statement of compliance
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" and the Companies Act 2006. 3.Accounting policies
| 3.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires Group management to exercise judgment in applying the Group's accounting policies (see note 4). The directors have elected to early adopt FRS 102 (Revised September 2024). There has been no impact to the recognition of revenue as a result of this. The operating lease commitments have been capitalised in line with the revised standard resulting in £3,583,578 of leasehold property included in additions in the year and the same value recognised as a liability within other creditors. The Company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of comprehensive income in these financial statements. The following principal accounting policies have been applied:
| 3.2 | Basis of consolidation
The consolidated financial statements present the results of the Company and its own subsidiaries ("the Group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full. The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at their fair values at the acquisition date. The results of acquired operations are included in the Consolidated statement of comprehensive income from the date on which control is obtained. They are deconsolidated from the date control ceases. Page 18
MY FABULOSA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 3.Accounting policies (continued)
| 3.3 | Going concern
The financial statements have been prepared on a going concern basis. The directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. These have been prepared on the assumption that the lenders will continue to support the company. Based on these assessments and current resources available, the directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.
| 3.4 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.
| 3.5 | Revenue
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised when goods have been dispatched to customers such that the risks and rewards of ownership have been transferred. Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Group has transferred the significant risks and rewards of ownership to the buyer; ∙the Group retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Group will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. Page 19
MY FABULOSA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 3.Accounting policies (continued)
| 3.6 | Operating leases: the Group as lessee
During the prior year, rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset. During the current year following the early adoption of FRS 102 (revised September 2024), the Group recognises a right-of-use asset and a corresponding lease liability at the commencement date of each lease, representing its right to use an underlying asset and its obligation to make lease payments. The lease liability is measured at the present value of future lease payments, discounted using the interest rate implicit in the lease or, if that cannot be readily determined, the Group's incremental borrowing rate. The right-of-use asset is initially measured at cost (compromising the amount of the lease liability, any initial direct costs, and estimated restoration costs, less any lease incentives received) and is subsequently depreciated on a straight-line basis over the shorter of the lease term and the useful life of the underlying asset. The lease liability is subsequently measured at amortised cost, with interest recognised in finance costs.
| 3.7 | Research and development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years. If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.
| 3.8 | Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. At each reporting date the Group assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. Page 20
MY FABULOSA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 3.Accounting policies (continued)
| 3.8 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Improvements to property | - | 15% |
|  |  |  | Short-term leasehold property | - |  | Straight line over the remaining lease term
|  |  |  | Plant and machinery | - | 5% |
|  |  |  | Motor vehicles | - | 20% |
|  |  |  | Fixtures and fittings | - | 20% |
| 3.9 | Valuation of investments
Investments in subsidiary undertakings are recognised at cost. Investments in unlisted Group shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Consolidated statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
| 3.10 | Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Page 21
MY FABULOSA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 3.Accounting policies (continued)
| 3.11 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company and the Group operate and generate income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met; and ∙Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the Group can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 3.12 | Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
| 3.13 | Operating lease
The costs of operating lease rentals are charged to the profit and loss account in the period in which they relate.
| 3.14 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 3.15 | Pensions
Defined contribution pension plan 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. Page 22
MY FABULOSA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 3.Accounting policies (continued)
| 3.16 | Financial instruments
The Group has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
| 3.17 | Cash and cash equivalents
Bank and cash are basic financial instruments.
| 3.18 | Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
| 3.19 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 3.20 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 3.21 | Dividends
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds. Page 23
MY FABULOSA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
4. | Judgments in applying accounting policies and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. In the opinion of the directors, the accounting estimates and judgements made in the course of preparing these financial statements are not difficult, subjective or complex to a degree which would warrant their description as critical. Dilapidations The directors have assessed the property improvements carried out against what they expect will be required to "put right" based on discussions with the property owner and past experience. Capitalised operating leases In applying FRS 102 (revised September 2024), the directors have made key judgements and estimates in determining the appropriate discount rate used to calculate the present value of future lease payments for the capitalisation of operating leases. This rate reflects management’s assessment of the entity’s incremental borrowing rate, taking into account prevailing market conditions, the lease term, and the nature of the leased asset. These estimates are reviewed periodically and updated where necessary to ensure continued relevance and reliability in financial reporting.
5. | Turnover
Analysis of turnover by country of destination:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| United Kingdom | 20,348,365 | 21,796,747
| Overseas | 23,924,958 | 12,771,809
|  | 44,273,323 | 34,568,556
Page 24
MY FABULOSA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
6. | Employees
| Staff costs, including directors' remuneration, were as follows:
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Wages and salaries | 3,808,066 | 4,120,351 | 3,808,066 | 4,120,351
| Social security costs | 459,452 | 382,819 | 459,452 | 382,819
| Cost of defined contribution scheme | 85,350 | 75,000 | 85,350 | 75,000
|  | 4,352,868 | 4,578,170 | 4,352,868 | 4,578,170
| The average monthly number of employees, including the directors, during the year was as follows:
|  |  | 2025 | 2024
|  |  | No. | No.
|  | Production | 102 | 100
|  | Management and administration | 34 | 42
|  |  | 136 | 142
7. | Directors' remuneration
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Directors' emoluments | 51,227 | 73,275
|  | 51,227 | 73,275
Page 25
MY FABULOSA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
8. | Operating profit
| The operating profit is stated after charging:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Auditors remuneration | 16,700 | 14,750
| Other operating lease rentals | 2,384 | 386,219
| Hire of Plant and machinery | 53,875 | 40,902
| Depreciation- owned assets | 1,351,388 | 816,684
| Depreciation - leased assets | 542,604 | 330,982
| (Profit) on disposal on fixed assets | (21,922) | (131,258)
| Amortisation | 23,819 | 23,802
9. | Interest receivable
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other interest receivable | 5,512 | -
|  | 5,512 | -
10. | Interest payable and similar expenses
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank interest payable | 82 | 136
| Hire purchase | 564,800 | 684,190
| Factoring interest | 409,359 | 433,134
|  | 974,241 | 1,117,460
| Included within hire purchase interest is £20,401 (2024 - £0) for the unwinding of interest in relation to a capitalised short term leasehold property under the early adopted provisions of FRS 102 (September 2024) in relation to leases.
Page 26
MY FABULOSA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
11. | Taxation
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Current tax on profits for the year | - | 868,871
| Adjustments in respect of previous periods | (868,871) | -
|  | (868,871) | 868,871
| Total current tax | (868,871) | 868,871
| Deferred tax |  |
| Deferred taxation | (20,916) | 145,800
| Deferred taxation on unused losses | (160,864) | 138,883
| Total deferred tax | (181,780) | 284,683
| Tax on profit | (1,050,651) | 1,153,554
| Factors affecting tax charge for the year
| The tax assessed for the year is lower than (2024 - lower than) the standard rate of corporation tax in the UK of 25% (2024 - 25%). The differences are explained below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Profit on ordinary activities before tax | 6,289,975 | 4,758,861
| Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%) | 1,185,210 | 1,189,715
| Effects of: |  |
| Capital allowances for year in excess of depreciation | - | (36,161)
| Adjustments to tax charge in respect of prior periods | (868,871) | -
| Non-tax deductible depreciation on capitalised leases | 114,948 | -
| Adjustment in research and development tax credit leading to an increase (decrease) in the tax charge | (725,000) | -
| Deferred taxation on unused losses | (843,212) | -
| Other differences leading to an increase (decrease) in the tax charge | 86,274 | -
| Total tax charge for the year | (1,050,651) | 1,153,554
Page 27
MY FABULOSA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 11.Taxation (continued)
| Factors that may affect future tax charges
The company intends to make a further Research & Development Tax Credit claim for the years ended 31 August 2025 which is expected to benefit the tax postiion in future years.
12. | Intangible assets
| Group and Company
|  | Development expenditure
|  | £
| Cost |
| At 1 September 2024 | 317,585
| At 31 August 2025 | 317,585
| Amortisation |
| At 1 September 2024 | 84,561
| Charge for the year on owned assets | 23,819
| At 31 August 2025 | 108,380
| Net book value |
| At 31 August 2025 | 209,205
| At 31 August 2024 | 233,024
Page 28
MY FABULOSA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
13. | Tangible fixed assets
| Group and Company
|  | Short-term leasehold property | Plant and machinery | Motor vehicles | Fixtures and fittings | Improvements to property | Total
|  | £ | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |  |
| At 1 September 2024 | - | 12,836,635 | 1,568,921 | 131,464 | 1,759,033 | 16,296,053
| Additions | 3,583,578 | 2,172,846 | 1,103,666 | 16,275 | 24,007 | 6,900,372
| Disposals | - | - | (570,927) | - | - | (570,927)
| At 31 August 2025 | 3,583,578 | 15,009,481 | 2,101,660 | 147,739 | 1,783,040 | 22,625,498
| Depreciation |  |  |  |  |  |
| At 1 September 2024 | - | 2,025,677 | 275,620 | 76,741 | 754,840 | 3,132,878
| Charge for the year on owned assets | 459,792 | 790,408 | 353,554 | 24,588 | 265,650 | 1,893,992
| Disposals | - | - | (212,152) | - | - | (212,152)
| At 31 August 2025 | 459,792 | 2,816,085 | 417,022 | 101,329 | 1,020,490 | 4,814,718
| Net book value |  |  |  |  |  |
| At 31 August 2025 | 3,123,786 | 12,193,396 | 1,684,638 | 46,410 | 762,550 | 17,810,780
| At 31 August 2024 | - | 10,810,958 | 1,293,301 | 54,723 | 1,004,193 | 13,163,175
| The net book value of land and buildings may be further analysed as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Short leasehold | 3,123,786 | -
|  | 3,123,786 | -
Page 29
MY FABULOSA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 13.Tangible fixed assets (continued)
| The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Plant and machinery | 3,934,434 | 3,584,020
| Motor vehicles | 1,669,144 | 1,281,779
|  | 5,603,578 | 4,865,799
Page 30
MY FABULOSA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
14. | Fixed asset investments
| Company
|  | Investments in subsidiary companies
|  | £
| Cost or valuation |
| At 1 September 2024 | 84
| At 31 August 2025 | 84
| Net book value |
| At 31 August 2025 | 84
| At 31 August 2024 | 84
| MPL Manufacturing Ltd, a company registered in England and Wales (company number 15067076), has been treated as a 100% subsidiary of My Fabulosa Ltd as a result of the dominant influence and it being managed on a unified basis.
| Subsidiary undertaking
| The following was a subsidiary undertaking of the Company:
| Name | Registered office | Class of shares | Holding
| My Fabulosa (Ireland) Limited | 38 Main Street, Swords, Dublin, K67 EOA2, Ireland | Ordinary | 100%
15. | Stocks
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Raw materials and consumables | 14,295,083 | 12,676,478 | 738,792 | 1,577,921
| Work in progress (goods to be sold) | - | 1,568,492 | - | -
| Finished goods and goods for resale | 3,237,486 | 1,888,302 | 3,237,486 | 1,888,302
|  | 17,532,569 | 16,133,272 | 3,976,278 | 3,466,223
Page 31
MY FABULOSA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
16. | Debtors
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Trade debtors | 6,399,942 | 7,657,360 | 6,399,942 | 7,657,360
| Amounts owed by group undertakings | - | - | 13,562,082 | 12,667,049
| Other debtors | 1,654,644 | 641,164 | 1,646,808 | 641,164
| Prepayments and accrued income | 336,084 | 268,217 | 336,084 | 268,217
|  | 8,390,670 | 8,566,741 | 21,944,916 | 21,233,790
17. | Cash and cash equivalents
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Cash at bank and in hand | 4,775,289 | 2,251,878 | 4,775,289 | 2,251,878
|  | 4,775,289 | 2,251,878 | 4,775,289 | 2,251,878
Page 32
MY FABULOSA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
18. | Creditors: Amounts falling due within one year
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Bank loans | - | 733,333 | - | 733,333
| Other loans | - | 104,331 | - | 104,331
| Trade creditors | 7,939,740 | 7,868,132 | 7,939,740 | 7,868,132
| Amounts owed to group undertakings | - | - | 84 | 84
| Amounts owed to other participating interests | 705,685 | 705,685 | 705,685 | 705,685
| Corporation tax | - | 868,871 | - | 868,871
| Other taxation and social security | 141,244 | 112,497 | 141,244 | 112,497
| Obligations under finance lease and hire purchase contracts | 779,546 | 854,396 | 779,546 | 854,396
| Proceeds of factored debts | 11,583,497 | 6,950,081 | 11,583,497 | 6,950,081
| Other creditors | 3,340,436 | 2,409,428 | 3,340,436 | 2,409,428
| Accruals and deferred income | 829,979 | 2,173,424 | 829,979 | 2,173,424
|  | 25,320,127 | 22,780,178 | 25,320,211 | 22,780,262
| The factoring accounts are secured against the trade debtors and a fixed charge over the intellectual property of the company dated 5 February 2025 in favour of HSBC UK Bank Plc. The company has early adopted the provisions of FRS 102 (September 2024) in relation to the capitalisation of operating leases. Remaining lease payments have been discounted at a rate of 4%.
19. | Creditors: Amounts falling due after more than one year
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Bank loans | - | 1,801,541 | - | 1,801,541
| Net obligations under finance leases and hire purchase contracts | 1,844,466 | 1,687,055 | 1,844,466 | 1,687,055
| Other creditors | 2,568,332 | - | 2,568,332 | -
|  | 4,412,798 | 3,488,596 | 4,412,798 | 3,488,596
The bank loans are secured against a fixed and floating charge over the assets of the company dated 5 February 2025 in favour of HSBC UK Bank Plc. The hire purchase agreements are secured against the assets they relate to. Page 33
MY FABULOSA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
20. | Loans
| Analysis of the maturity of loans is given below:
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Amounts falling due within one year |  |  |  |
| Bank loans | - | 733,333 | - | 733,333
| Other loans | - | 104,331 | - | 104,331
|  | - | 837,664 | - | 837,664
| Amounts falling due 1-2 years |  |  |  |
| Bank loans | - | 451,270 | - | 451,270
|  | - | 451,270 | - | 451,270
| Amounts falling due 2-5 years |  |  |  |
| Bank loans | - | 1,350,271 | - | 1,350,271
|  | - | 1,350,271 | - | 1,350,271
|  | - | 2,639,205 | - | 2,639,205
21. | Hire purchase and finance leases
| Minimum lease payments under hire purchase fall due as follows:
|  | Group | Group
|  | 2025 | 2024
|  | £ | £
| Within one year | 779,546 | 854,396
| Between 1-5 years | 1,844,466 | 1,687,055
|  | 2,624,012 | 2,541,451
Page 34
MY FABULOSA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
22. | Deferred taxation
| Group
|  | 2025
|  | £
| At beginning of year | (2,636,563)
| Charged to profit or loss | 181,780
| At end of year | (2,454,783)
| Company
|  | 2025
|  | £
| At beginning of year | (2,636,563)
| Charged to profit or loss | 181,780
| At end of year | (2,454,783)
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Accelerated capital allowances | (2,615,647) | (2,636,563) | (2,615,647) | (2,636,563)
| Tax losses carried forward | 160,864 | - | 160,864 | -
|  | (2,454,783) | (2,636,563) | (2,454,783) | (2,636,563)
| It is expected that £109,851 of the accelerated capital allowances and £160,864 of tax losses will reverse in the year ended 31 August 2026.
Page 35
MY FABULOSA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
23. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 7,995 (2024 - 7,995) A ordinary shares of £0.01 each | 79.95 | 79.95
|  | 2,000 (2024 - 2,000) B ordinary shares of £0.01 each | 20.00 | 20.00
|  | 1 (2024 - 1) C ordinary share of £0.01 | 0.01 | 0.01
|  | 1 (2024 - 1) D ordinary share of £0.01 | 0.01 | 0.01
|  | 1 (2024 - 1) E ordinary share of £0.01 | 0.01 | 0.01
|  | 1 (2024 - 1) F ordinary share of £0.01 | 0.01 | 0.01
|  | 1 (2024 - 1) G ordinary share of £0.01 | 0.01 | 0.01
|  |  | 100.00 | 100.00
| Each share is entitled to one vote in any circumstances. Each share is entitled pari passu to dividend payments or any other distributions within its class.
24. | Reserves
Profit and loss account Profit and loss account represents accumulated profits and losses less dividends paid.
25. | Capital commitments
| At 31 August 2025 the Group and Company had capital commitments as follows:
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Contracted for but not provided in these financial statements | 7,000,864 | - | 7,000,864 | -
|  | 7,000,864 | - | 7,000,864 | -
26. | Pension commitments
The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At 31 August 2025 the company owed £3,143 (2024: £5,082) to the pension scheme. Page 36
MY FABULOSA LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
27. | Commitments under operating leases
| At 31 August 2025 the Group and the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  | Group | Group | Company | Company
|  | 2025 | 2024 | 2025 | 2024
|  | £ | £ | £ | £
| Not later than 1 year | - | 546,458 | - | 546,458
| Later than 1 year and not later than 5 years | - | 1,051,031 | - | 1,051,031
|  | - | 1,597,489 | - | 1,597,489
| Following the adoption of FRS 102 September 2024, disclosure of operating lease commitments for capitalised leases is no longer required.
28. | Transactions with directors
At year end, the amount owed to directors was £1,999,600 (2024 - £1,919,571). During the year ended 31 August 2025, dividends totalling £2,142,110 (2024 - £1,833,450) were paid to directors.
29. | Related party transactions
| The related party transactions are as follows:
|  | 2025 | 2024
|  | £ | £
| Entities with control, joint control or significant influence |  |
| Amounts due to related parties | 705,685 | 705,685
| Other related parties |  |
| Purchases | 1,274,696 | 2,374,639
| Amounts due to related parties | 35,241 | 78,043
| Amounts due from related parties |  | 91,664
30. | Controlling party
There is no ultimate controlling party of the company.
Page 37