REGISTERED NUMBER: 15594419 (England and Wales)

Holy Island Clothing Co. Limited

Unaudited Financial Statements

for the period

26th March 2024 to 31st March 2025

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

to

5

Director:

Miss H J Dando

Registered office:

1 Tudor Flats

Holy Island

Berwick upon Tweed

Northumberland

TD15 2SD

Registered number:

15594419 (England and Wales)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Intangible assets

4

834

Tangible assets

5

1,500

2,334

Current assets

Stocks

3,709

Debtors

6

934

Cash at bank

135

4,778

Creditors

Amounts falling due within one year

7

9,764

Net current liabilities

(4,986

)

Total assets less current liabilities

(2,652

)

Capital and reserves

Called up share capital

1

Retained earnings

(2,653

)

(2,652

)

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

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

The director acknowledges her 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13th October 2025 and were signed by:

Miss H J Dando - Director

1.	Statutory information

Holy Island Clothing Co. 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 represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademarks are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Office equipment

-

25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks

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

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals and directors' loans.

Trade debtors, trade creditors, accruals and directors' loans (being repayable on demand) are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Going concern

The director has identified some economic factors which have impacted the business' performance and profitability in the year. The director is aware of the risk of these factors and is actively reviewing operations to implement change to ensure the long term profitability and viability of the company is not compromised.

3.	Employees and directors

The average number of employees during the period was NIL.

4.	Intangible fixed assets

Trademarks

£

Cost

Additions

927

At 31st March 2025

927

Amortisation

Amortisation for period

93

At 31st March 2025

93

Net book value

At 31st March 2025

834

5.	Tangible fixed assets

Plant and

Office

machinery

equipment

Totals

£

£

£

Cost

Additions

777

830

1,607

At 31st March 2025

777

830

1,607

Depreciation

Charge for period

13

94

107

At 31st March 2025

13

94

107

Net book value

At 31st March 2025

764

736

1,500

6.

Debtors: amounts falling due within one year

£

Trade debtors

213

Other debtors

721

934

7.

Creditors: amounts falling due within one year

£

Trade creditors

172

Other creditors

9,592

9,764