REGISTERED NUMBER: 08607640 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

Graduation Attire Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M A Lewis

REGISTERED OFFICE:

119 Wendover Drive

Bedford

MK41 9SS

REGISTERED NUMBER:

08607640 (England and Wales)

ACCOUNTANTS:

Godfrey Laws & Co Limited

65 Knowl Piece

Wilbury Way

Hitchin

Hertfordshire

SG4 0TY

FIXED ASSETS

Intangible assets

4

93,727

93,003

Tangible assets

5

1,454,585

1,459,823

Investments

6

47,666

27,666

1,595,978

1,580,492

CURRENT ASSETS

Stocks

306,470

446,285

Debtors

7

455,643

370,694

Cash at bank and in hand

1,346,484

684,356

2,108,597

1,501,335

CREDITORS

Amounts falling due within one year

8

2,258,569

1,796,986

NET CURRENT LIABILITIES

(149,972

)

(295,651

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,446,006

1,284,841

CREDITORS

Amounts falling due after more than one year

9

(405,128

)

(636,427

)

PROVISIONS FOR LIABILITIES

(166,214

)

(101,535

)

NET ASSETS

874,664

546,879

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

874,564

546,779

SHAREHOLDERS' FUNDS

874,664

546,879

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

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

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 December 2025 and were signed by:

M A Lewis - Director

1.	STATUTORY INFORMATION

Graduation Attire 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.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

10% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 93 (2024 - 61 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 August 2024

181,612

Additions

36,293

At 31 July 2025

217,905

AMORTISATION

At 1 August 2024

88,609

Charge for year

35,569

At 31 July 2025

124,178

NET BOOK VALUE

At 31 July 2025

93,727

At 31 July 2024

93,003

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2024

2,085,429

Additions

298,303

At 31 July 2025

2,383,732

DEPRECIATION

At 1 August 2024

625,606

Charge for year

303,541

At 31 July 2025

929,147

NET BOOK VALUE

At 31 July 2025

1,454,585

At 31 July 2024

1,459,823

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Plant and

machinery

etc

£

COST

At 1 August 2024

and 31 July 2025

183,339

DEPRECIATION

At 1 August 2024

71,298

Charge for year

61,113

At 31 July 2025

132,411

NET BOOK VALUE

At 31 July 2025

50,928

At 31 July 2024

112,041

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 August 2024

27,666

Additions

20,000

At 31 July 2025

47,666

NET BOOK VALUE

At 31 July 2025

47,666

At 31 July 2024

27,666

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

97,513

62,632

Other debtors

358,130

308,062

455,643

370,694

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans and overdrafts

10,668

9,747

Hire purchase contracts and finance leases (see note 10)

229,309

289,442

Trade creditors

582,959

471,600

Taxation and social security

408,910

299,688

Other creditors

1,026,723

726,509

2,258,569

1,796,986

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans

30,700

41,368

Hire purchase contracts and finance leases (see note 10)

287,378

515,369

Other creditors

87,050

79,690

405,128

636,427

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

23,000

48,000

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

Finance leases

31.7.25

31.7.24

31.7.25

31.7.24

£

£

£

£

Net obligations repayable:

Within one year

50,279

136,204

179,030

153,238

Between one and five years

20,474

69,435

266,904

445,934

70,753

205,639

445,934

599,172

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.25

31.7.24

£

£

Bank loans

41,368

51,115

Hire purchase contracts and finance leases

516,687

804,811

558,055

855,926

Lloyds Bank PLC holds a fixed and floating charge to cover all property or undertaking of the company. The charge contains a negative pledge.

12.	OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £256,185 (2024: £436,603) and are in relation to commitments under operating leases.

13.	RELATED PARTY DISCLOSURES

The company is related to WQK Ltd by virtue of the director, Mr M A Lewis' interest in this company. Included in other debtors is a balance of £97,178 which is owed to the company.

The company is related to Evess Ltd by virtue of the director, Mr M A Lewis' interest in this company. Included in other debtors is a balance of £1,500 which is owed to the company.

14.	ULTIMATE CONTROLLING PARTY

The controlling party is M A Lewis.