REGISTERED NUMBER: 11707364 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MY CLOTHING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs N Jain

I M Jain

REGISTERED OFFICE:

Dixon House

Old Heath Road

Wolverhampton

WV1 2BF

REGISTERED NUMBER:

11707364 (England and Wales)

AUDITORS:

Luckmans Duckett Parker Limited

Chartered Accountants

Statutory Auditors

1110 Elliott Court

Herald Avenue

Coventry Business Park

Coventry

West Midlands

CV5 6UB

FIXED ASSETS

Intangible assets

4

33,819

40,795

Tangible assets

5

8,030

13,774

41,849

54,569

CURRENT ASSETS

Stocks

91,484

114,932

Debtors

6

3,162,091

1,908,800

Cash at bank

188,105

1,030,414

3,441,680

3,054,146

CREDITORS

Amounts falling due within one year

7

831,630

1,055,899

NET CURRENT ASSETS

2,610,050

1,998,247

TOTAL ASSETS LESS CURRENT LIABILITIES

2,651,899

2,052,816

PROVISIONS FOR LIABILITIES

8

2,007

3,443

NET ASSETS

2,649,892

2,049,373

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

2,648,892

2,048,373

2,649,892

2,049,373

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 3 November 2025 and were signed on its behalf by:

I M Jain - Director

1.	STATUTORY INFORMATION

My Clothing Limited 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.

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.

Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

Rendering of services

The company recognises revenue when (a) the significant risks and rewards of ownership have been transferred to the buyer, (b) the company retains no continuing involvement or control over the goods, (c) the amount of revenue can be measured reliably, (d) it is probable that future economic benefits will flow to the entity.

Intangible assets

Goodwill and other Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

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.

The estimated useful lives range as follows:

Goodwill - 10 years

Software - 5 years

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Stocks are recognised as an expense in the period in which the related revenue is recognised.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

Goodwill

software

Totals

£

£

£

COST

At 1 April 2024

28,000

57,486

85,486

Additions

-

5,048

5,048

At 31 March 2025

28,000

62,534

90,534

AMORTISATION

At 1 April 2024

10,267

34,424

44,691

Amortisation for year

2,800

9,224

12,024

At 31 March 2025

13,067

43,648

56,715

NET BOOK VALUE

At 31 March 2025

14,933

18,886

33,819

At 31 March 2024

17,733

23,062

40,795

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2024

20,702

Additions

1,641

At 31 March 2025

22,343

DEPRECIATION

At 1 April 2024

6,928

Charge for year

7,385

At 31 March 2025

14,313

NET BOOK VALUE

At 31 March 2025

8,030

At 31 March 2024

13,774

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

18,118

2,753

Amounts owed by group undertakings

3,102,263

1,858,119

Other debtors

30,910

37,128

Prepayments

10,800

10,800

3,162,091

1,908,800

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

101,556

29,775

Amounts owed to group undertakings

464,553

6,817

Tax

84,893

172,338

Other creditors

90,222

275,857

Accruals and deferred income

90,406

571,112

831,630

1,055,899

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

2,007

3,443

Deferred

tax

£

Balance at 1 April 2024

3,443

Provided during year

(1,436

)

Balance at 31 March 2025

2,007

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Spafford FCA FCCA (Senior Statutory Auditor)

for and on behalf of Luckmans Duckett Parker Limited

10.	ULTIMATE CONTROLLING PARTY

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Slick Stitch Holdings Ltd is regarded by the Directors as being the company's ultimate parent company. The registered office address is Dixon House, Old Heath Road, Wolverhampton, England, WV1 2BF. Copies of the group accounts can be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.