Continental Clothing Company Limited

Registered number

03595452

Report and Financial Statements for the Year Ended

31 December 2024

Continental Clothing Company Limited
Report and accounts
Contents




Page

Company information	1
Directors' report	2
Strategic report	4
Independent auditor's report	6
Statement of comprehensive income	9
Statement of financial position	10
Statement of changes in equity	11
Statement of cash flows	12
Notes to the financial statements	13

Continental Clothing Company Limited

Company Information

Directors

Mr P Gamett

Mr P Hughes

Secretary

Mr P Gamett

Auditors

Compass Accountants Ltd

Venture House, The Tanneries

East street

Titchfield

Hampshire

PO14 4AR

Registered office

Unit 3 Vista Place, Coy Pond Business Park

Ingowrth Road

Poole

BH12 1JY

Registered number

03595452

Continental Clothing Company Limited
Registered number:		03595452
Directors' Report

The directors present their report and financial statements for the year ended 31 December 2024.

Directors
The following persons served as directors during the year:

	Mr P Gamett
	Mr P Hughes

Principal activities
The company's principal activity during the year continued to be that of clothing merchandisers.


Results and dividends
The results for the year are set out on page 12.


Research and development
By virtue of its continuing development of organic cotton lines, low carbon apparel to address climate change and with the new green manufacturing bases in Asia, the company continues to be regarded as an ethical apparel company. The company strives to promote good practices across the industry presenting itself as a role model within the cotton based apparel industry.


Employee involvement
Details of the numbers of employees are given in the financial statements. The company aims to keep employees informed of all relevant matters through regular staff meetings, both formal and informal, and through written communications and any staff issues are dealt with efficiently and fairly. The company feels it has a transparent and appropriate policy for employee remuneration. The company has begun a programme to engage employees specifically regarding environmental and social issues relevant to cotton and clothing manufacture, but also relevant to general business practices.

Future developments
Maintaining the expansion of its established brands along with the continued growth of the eco-friendly range will be a focus in the coming period that will help strengthen the company's susitainability of its wholesale business. The directors expect the general level of trade to continue in the forthcoming year.

Auditors
Compass Accountants Ltd have expressed their willingness to continue in office.


Directors' responsibilities
The directors are responsible for preparing the report and 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 United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 and applicable law). 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 of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
●	select suitable accounting policies and then apply them consistently;
●	make judgements and estimates that are reasonable and prudent;
●	state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

●	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company 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 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 hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditors
Each person who was a director at the time this report was approved confirms that:
●	so far as he is aware, there is no relevant audit information of which the company's auditor is unaware; and
●	he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditor is aware of that information.


The report was approved by the board on 23 December 2025 and signed on its behalf.

P Gamett
Director

Continental Clothing Company Limited

Strategic Report

The Directors are pleased to present the Strategic Report for Continental Clothing Company Limited for the year ended 31 December 2024. This report outlines the Company’s business strategy, ethical and sustainable business model, and long-term prospects as we continue to lead the development of ethical, sustainable, and low-carbon clothing within the imprintable retail fashion industry.

Principal Activities and Review of the Business

The principal commercial activity of the Company during the year remained the manufacture and B2B wholesale of ethically made and environmentally sustainable blank apparel and athleisurewear.

Over the last 25 years Continental Clothing Company has established a reputation for pioneering sustainable clothing manufacture and responsible business practices.

Business Strategy

Our business strategy is built on a foundation of product quality, customer-centricity, and continual innovation. The key pillars of our strategy are as follows:

Product Excellence

Since our inception in 1998, we have committed to delivering clothing products that epitomise quality, design, and longevity. Our sourcing of high-grade materials, combined with rigorous quality controls, ensures that our products stand apart visually and by hand-feel, and are valued by their wearers. Quality remains a non-negotiable core principle across every product line.

Customer-Centric Approach

From the outset, our purpose has been to help B2B customers look good to their end users. We have consistently invested in high-quality photographic marketing to reflect the quality of our products and have developed consumer-facing brands that offer a genuine competitive advantage through ethical and environmentally sustainable positioning.

We continue to anticipate consumer needs by analysing global trends and translating them into commercially viable, value-driven products. For the past 18 years our focus has centred on environmental sustainability, particularly global warming—which became climate change, then the climate crisis, and now the climate emergency.

Our EarthPositive® apparel range enables B2B customers to build a brand and a commercial narrative around meaningful climate communications. These products are not simply garments but highly visible cultural items, used by Millennials, Generation Z, and the emerging Generation Alpha to express identity, values, and environmental urgency.

Stock and Investment

For more than a decade the Company underperformed due to insufficient investment in inventory. While competitors adopted ambitious growth strategies and built substantial stockholding capabilities, we remained conservative. This resulted in loss of market share and led long-standing customers to look elsewhere for readily available stock.
In 2024, the Directors began to address this issue through significant investment in inventory, utilising the Company’s strong cash reserves that had previously been dormant. Rebuilding optimal stock levels remains a strategic priority for 2025 and beyond.

Financial strategy

Turnover decreased in 2024, in large part due to a decrease of £811,007 in sales to CCC GmbH compared to 2023. Despite this, Gross Profit increased by £808,502 compared to 2023, as a consequence of an effective financial strategy. Administrative expenses increased by £522,659 as a consequence of investment in IT and HR to update critical IT and operational infrastructure.

Ethical and Sustainable Business Model

Ethical and sustainable practices are fundamental to our long-term success. We recognise our responsibility to the environment, society, and all stakeholders connected with our operations.

Vision and Mission

Our Mission:

To build ethical apparel brands with values and authenticity, driving sustainable business growth for the benefit of people and planet.

Key Elements of Our Responsible Business Model

Sustainable Sourcing:
We prioritise responsible sourcing of materials, promoting low-impact and renewable inputs, and continuously reducing environmental impacts across our supply chain.

Fair Labour Practices:
We are committed to raising labour standards across all operations by ensuring safe working conditions, equitable wages, and continual improvements within our supply chain. We pursue independent certification and audit frameworks to verify performance.

Transparency:
We believe in open communication with stakeholders. Our customers can trace the journey of our products, knowing they are produced with integrity and social responsibility. Transparency supports trust, accountability, and long-term partnerships.

Circular Economy:
We embrace circular economy principles by designing quality products for longevity, minimising waste, and implementing environmentally progressive manufacturing practices such as Detox to Zero and other low-impact process innovations.

Long-Term Prospects

Looking forward, our strategic priorities remain focused on sustainable growth, ethical leadership, and long-term value creation.

Innovation Leadership:
We will continue to invest in innovation in design, materials, digital product passports, and sustainable manufacturing techniques, with a view to leading the industry in low-carbon textile development.

Partnerships and Collaboration:
We aim to form strategic partnerships with like-minded companies, NGOs, trade bodies, and sustainability initiatives to address global challenges collectively and advocate for systemic, industry-wide change.

Continuous Improvement:
We will regularly review and enhance our ethical and sustainable policies, seeking to exceed minimum compliance, set new standards, and reinforce our position as a responsible business.

Conclusion

This Strategic Report reflects our continuing commitment to building a profitable wholesale clothing business grounded in the principles of sustainability, transparency, and ethical conduct. By demonstrating to our B2B customers how sustainability can be used as a genuine competitive advantage—particularly through low-carbon product ranges—we are confident that Continental Clothing Company Limited is well placed for a resilient and responsible future as the climate crisis intensifies.

This report was approved by the board on 23 December 2025 and signed on its behalf.

P Gamett

Director

Continental Clothing Company Limited
Independent auditor's report
to the members of Continental Clothing Company Limited

Opinion

We have audited the financial statements of Continental Clothing Company Limited (the ‘company’) for the year ended 31st December 2024 which comprise the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity, the Cash Flow Statement and Notes to the Cash Flow Statement, and Notes to the Financial Statements, including 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 company's affairs as at 31st December 2024 and of its 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 Auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’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 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.

Other information
The other information comprises the information included in the annual report, other than the financial statements, and our auditor’s 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.


Opinions 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 Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
●	the Strategic Report and the Report of the Directors 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 company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
●	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
●	the 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.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, 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 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 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 company or to cease operations, or have no realistic alternative but to do so.

Auditor’s 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 auditor’s 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 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:

●	We gained an understanding of the legal and regulatory framework applicable to the company and the sector in which it operates through discussions with management, sector research, and the application of relevant audit knowledge and experience
●	We made enquiries of management around actual and potential litigation and claims
●	We made enquiries of management and relevant staff, and designed our audit procedures, including reviewing financial statement disclosures and testing of supporting documentation, to assess compliance with applicable laws and regulations. We focussed on laws and regulations which could give rise to material misstatement in the financial statements including, but not limited to, the Companies Act 2006 and the Financial Reporting Standard 102
●	We identified the risk of material misstatement of the financial statements due to fraud and designed audit procedures to respond to the risk. We performed audit procedures designed to address the risk of fraud arising from management override of controls, including, but not limited to, testing of journal entries and other adjustments, reviewing accounting estimates for evidence of bias, and evaluating the business rationale of significant transactions outside the normal course of business
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 is available on the FRC’s website at: https://www.frc.org.uk/auditors/audit-assurance/auditor-s-responsibilities-for-the-audit-of-the-fi/description-of-the-auditor%E2%80%99s-responsibilities-for. This description forms part of our auditor’s report.

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 auditor’s 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.

Kerry Lawrance FCA (Senior Statutory Auditor)		Venture House
for and on behalf of Compass Accountants Limited		The Tanneries
Chartered Accountants and Statutory Auditors		East Street
		Titchfield
		Hampshire
Date: 23 December 2025		PO14 4AR

Continental Clothing Company Limited
Statement of Comprehensive Income
for the year ended 31 December 2024


Notes		2024		2023
£			£

Turnover	3	11,798,781		12,258,541

Cost of sales		(8,411,865)		(9,680,145)

Gross profit		3,386,916		2,578,396

Administrative expenses		(1,765,340)		(1,242,681)

Operating profit	4	1,621,576		1,335,715

Interest receivable		434,834		438,779
Interest payable	7	(5,511)		(26)

Profit on ordinary activities before taxation		2,050,899		1,774,468

Tax on profit on ordinary activities	8	(512,855)		(418,219)

Profit for the financial year		1,538,044		1,356,249

The income statement has been prepared on the basis that all operations are continuing
operations.

Continental Clothing Company Limited
Registered number:			03595452
Statement of Financial Position
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	9		48,841			21,864

Current assets
Stocks	10	9,973,082			2,635,202
Debtors	11	3,780,284			1,104,421
Cash at bank and in hand		1,536,866			11,205,267
		15,290,232			14,944,890

Creditors: amounts falling due within one year	12	(9,882,707)			(8,055,611)

Net current assets			5,407,525			6,889,279

Total assets less current liabilities			5,456,366			6,911,143


Provisions for liabilities
Deferred taxation	13		(10,679)			(3,598)

Net assets			5,445,687			6,907,545

Capital and reserves
Called up share capital	14		100			2
Profit and loss account	15		5,445,587			6,907,543

Total equity			5,445,687			6,907,545




P Gamett
Director
Approved by the board on 23 December 2025

Continental Clothing Company Limited
Statement of Changes in Equity
for the year ended 31 December 2024

Share		Share		Other		Profit		Total
capital		premium		reserves		and loss
account
£		£		£		£		£

At 1 January 2023	2		-		-		6,551,295		6,551,297

Profit for the financial year							1,356,249		1,356,249

Dividends							(1,000,000)		(1,000,000)

At 31 December 2023	2		-		-		6,907,544		6,907,546



At 1 January 2024	2		-		-		6,907,543		6,907,545

Profit for the financial year							1,538,044		1,538,044

Dividends							(3,000,000)		(3,000,000)
Shares issued	98		-						98

At 31 December 2024	100		-		-		5,445,587		5,445,687

Continental Clothing Company Limited
Statement of Cash Flows
for the year ended 31 December 2024

Notes	2024		2023
£		£
Operating activities
Profit for the financial year	1,538,044		1,356,249

Adjustments for:
Interest receivable	(434,834)		(438,779)
Interest payable	5,511		26
Tax on profit on ordinary activities	512,855		418,219
Depreciation	15,813		7,011
(Increase)/decrease in stocks	(7,337,880)		113,831
Increase in debtors	(2,675,863)		(395,045)
Increase/(decrease) in creditors	1,735,941		(93,622)
	(6,640,413)		967,890

Interest paid	(5,511)		(26)
Corporation tax paid	(414,621)		(86,215)

Cash (used in)/generated by operating activities	(7,060,545)		881,649

Investing activities
Payments to acquire tangible fixed assets	(42,790)		(16,444)
Proceeds from sale of tangible fixed assets	-		-
Interest received	434,834		438,779

Cash generated by investing activities	392,044		422,335

Financing activities
Equity dividends paid	(3,000,000)		(1,000,000)
Proceeds from the issue of shares	98		-

Cash used in financing activities	(2,999,902)		(1,000,000)

Net cash (used)/generated
Cash (used in)/generated by operating activities	(7,060,545)		881,649
Cash generated by investing activities	392,044		422,335
Cash used in financing activities	(2,999,902)		(1,000,000)

Net cash (used)/generated	(9,668,403)		303,984

Cash and cash equivalents at 1 January	11,205,269		10,901,283
Cash and cash equivalents at 31 December	1,536,866		11,205,267

Cash and cash equivalents comprise:
Cash at bank	1,536,866		11,205,267

Continental Clothing Company Limited
Notes to the Accounts
for the year ended 31 December 2024

1	Summary of significant accounting policies

	Basis of preparation
	The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland and the requirements of the Companies Act 2006.

	Going concern
	At the time of approving the financial statements, the directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

	Revenue
	Turnover from the provision of goods is recognised when the risks and rewards of ownership of goods have been transferred to the customer. The risks and rewards of ownership of goods are deemed to have been transferred when the goods are shipped to the customer. Turnover represents the sales amounts net of sales discount and Value Added Tax.

	Tangible fixed assets

	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold improvements			over the shorter of the leasehold period

remaining and useful economic life

Computer equipment

33% straight line

	Warehouse equipment			20% straight line
	Office equipment			20% straight line

	Motor vehicles			20% straight line

	The gain or loss arising on the disposal of an asset is determined as the difference between
	the sale proceeds and the carrying value of the asset, and is credited or charged to the profit
	or loss.

	Impairment of non-current assets
	At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impariment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease. Recognised impairment lossess are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised esimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

	Cash and cash equivalents
	Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

	Inventories
	Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of inventories sold is recognised as an expense in the period in which the related revenue is recognised. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of inventories 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.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial Instruments
	The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument. FInancial assets and liabilities are offset, with the new amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

	Basic financial assets
	Basic financial assets, which include trade and other receivables, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

	Other financial assets
	Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

	Impairment of financial assets
	Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the profit or loss. If there is a decrease in the impairment loss arising from an event ocurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

	Derecognition of financial assets
	Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entitiy, or if some significant risks and rewards of ownership are reatined but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

	Classification of financial liabilities
	Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

	Basic financial liabilities
	Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

	Other financial liabilities
	Other financial liabilities, including debt instruments that do not meet the definition of a basic financial instrument, are measured at fair value through profit or loss. Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs of finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge. Debt instruments may be designated as being measured at fair value through profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

	Derecognition of financial liabilities
	Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

	Equity instruments
	Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Employee benefits
	The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or non-current assets. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are recieved. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

	Leases
	Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.

	Government grants
	Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period. All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

2	Critical accounting estimates and judgements and key sources of estimation uncertainty

	In the application of the company's accounting policies, the directors are required to make judgements, estimated 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 histroical 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. Areas of judgement and estimation include the depreciation of fixed assets, bad debt provision and the slow moving stock provision.


3	Analysis of turnover					2024		2023
£							£

	Sale of goods					11,798,781		12,258,541

	By geographical market:

	UK					9,931,878		10,111,522
	Germany					127,915		938,922
	Rest of world					1,738,988		1,208,097
						11,798,781		12,258,541


4	Operating profit					2024		2023
£							£
	This is stated after charging:

	Depreciation of owned fixed assets					15,813		7,011
	Operating lease rentals - land and buildings					32,182		28,161
	Auditors' remuneration for audit services					11,835		11,550
	Key management personnel compensation (including directors' emoluments)					240,000		463,031
	Carrying amount of stock sold					6,587,242		8,642,908


5	Directors' emoluments					2024		2023
£							£

	Emoluments					240,000		225,000
	Company contributions to defined contribution pension plans					-		11,321
						240,000		236,321


	Highest paid director:
	Emoluments					240,000		180,000
	Company contributions to defined contribution pension plans					-		9,967
						240,000		189,967


	Number of directors to whom retirement benefits accrued:					2024		2023
Number							Number

	Defined contribution plans					-		1


6	Staff costs					2024		2023
£							£

	Wages and salaries					889,161		600,735
	Social security costs					58,441		66,714
	Other pension costs					17,418		17,123
						965,020		684,572






	Average number of employees during the year					Number	Number

	Office and administration sales and marketing					12		9
	Warehousing					1		1
						13		10


7	Interest payable					2024		2023
£							£

	Bank loans and overdrafts					-		26
	Other loans					5,511		-
						5,511		26


8	Taxation					2024		2023
£							£
	Analysis of charge in period
	Current tax:
	UK corporation tax on profits of the period					505,774		414,621

	Deferred tax:
	Origination and reversal of timing differences					7,081		3,598


	Tax on profit on ordinary activities					512,855		418,219


	Factors affecting tax charge for period
	The differences between the tax assessed for the period and the standard rate of corporation tax are explained as follows:

						2024		2023
£							£
	Profit on ordinary activities before tax					2,050,899		1,774,468

	Standard rate of corporation tax in the UK					25.00%		23.52%

£							£
	Profit on ordinary activities multiplied by the standard rate of corporation tax					512,725		417,355

	Effects of:
	Expenses not deductible for tax purposes and other adjustments					131		-
	Capital allowances for period in excess of depreciation					(7,081)		(2,734)
	Deferred tax					-		-

	Taxation charge for period					505,775		414,621




9	Tangible fixed assets
				Warehouse Equipment		Office & Computer Equipment		Total
				At cost		At cost
£					£		£
	Cost or valuation
	At 1 January 2024			155,361		93,624		248,985
	Additions			16,750		26,040		42,790
	Disposals			-		(6,223)		(6,223)
	At 31 December 2024			172,111		113,441		285,552

	Depreciation
	At 1 January 2024			152,915		74,206		227,121
	Charge for the year			3,287		12,526		15,813
	On disposals			-		(6,223)		(6,223)
	At 31 December 2024			156,202		80,509		236,711

	Carrying amount
	At 31 December 2024			15,909		32,932		48,841
	At 31 December 2023			2,446		19,418		21,864



10	Inventories					2024		2023
£							£

	Finished goods and goods for resale					9,973,082		2,635,202


11	Debtors					2024		2023
£							£

	Trade debtors					3,430,192		1,009,480
	Other debtors					248,045		-
	Prepayments and accrued income					102,047		94,941
						3,780,284		1,104,421




12	Creditors: amounts falling due within one year					2024		2023
£							£

	Trade creditors					674,798		393,549
	Corporation tax					506,135		414,982
	Other taxes and social security costs					17,747		48,577
	Other creditors					8,633,928		7,147,679
	Accruals and deferred income					50,099		50,824
						9,882,707		8,055,611


	Included within trade creditors above are amounts due to related parties of £222,973 (2023: £226,167) (see note 18)

13	Deferred taxation					2024		2023
£							£

	Accelerated capital allowances					10,679		3,598


						2024		2023
£							£

	At 1 January					3,598		-
	Charged to the profit and loss account					7,081		3,598

	At 31 December					10,679		3,598



14	Share capital	Nominal		2024		2024		2023
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		2

	The holders of ordinary shares are entitled to receive dividends as declared from time to time and are entitled to one vote per share at meetings of the company. All ordinary shares rank equally with regard to the company's residual assets.





15	Profit and loss account					2024		2023
£							£

	At 1 January					6,907,543		6,551,294
	Profit for the financial year					1,538,044		1,356,249
	Dividends					(3,000,000)		(1,000,000)

	At 31 December					5,445,587		6,907,543


16	Dividends					2024		2023
£							£

	Dividends on ordinary shares (note 15)					3,000,000		1,000,000



17	Other financial commitments

	Total future minimum lease payments under non-cancellable operating leases:

		Land and buildings		Land and buildings	Other		Other
		2024		2023		2024		2023
£			£		£		£
	Falling due:
	within one year	37,500		34,750		-		-
	within two to five years	26,500		101,250		-		-
		64,000		136,000		-		-


18	Related party transactions

	During the year, the company made purchases of £13,408 (2023: £227,003) from that company. Paul Hughes owns Continental Clothing GmbH. There were no balances owed by Continental Clothing Company Limited to Continental Clothing GmbH at the year end (2023: £13,408). During the year, the company made purchases of £1,239,818 (2023: £760,413) from The Distribution Centre Limited, a company which Philip Gamett owns. Philip Gamett is a director and shareholder in Continental Clothing Company Limited. The balance owed by Continental Clothing Company Limited to Distribution Centre Limited at the year end was £222,973 (2023: £212,758). No guarantees have been given or received.


19	Controlling party

	The company is controlled by Mr P Gamett and Mr P Hughes.


20	Presentation currency

	The financial statements are prepared in Sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.


21	Legal form of entity and country of incorporation

	Continental Clothing Company Limited is a private company limited by shares and incorporated in England.


22	Principal place of business

	The address of the company's principal place of business and registered office is:

	Unit 3 Vista Place, Coy Pond Business Park
	Ingowrth Road
	Poole
	BH12 1JY

Continental Clothing Company Limited
Detailed profit and loss account
for the year ended 31 December 2024
This schedule does not form part of the statutory accounts

	2024		2023
£		£

Sales	11,798,781		12,258,541

Cost of sales	(8,411,865)		(9,680,145)

Gross profit	3,386,916		2,578,396

Administrative expenses	(1,765,340)		(1,242,681)

Operating profit	1,621,576		1,335,715

Interest receivable	434,834		438,779
Interest payable	(5,511)		(26)

Profit before tax	2,050,899		1,774,468

Continental Clothing Company Limited
Detailed profit and loss account
for the year ended 31 December 2024
This schedule does not form part of the statutory accounts

		2024		2023
£			£
Sales
Sale of goods		11,798,781		12,258,541

Cost of sales
Purchases		13,925,122		8,676,149
Increase in stocks		(7,337,880)		(33,241)
Other direct costs		1,797,871		1,046,888
Exchange differences & charges		26,752		(9,651)
		8,411,865		9,680,145

Administrative expenses
Employee costs:
	Wages and salaries	649,161		317,704
	Directors' salaries	240,000		283,031
	Pensions	17,418		17,123
	Employer's NI	58,441		66,714
	Payroll Admin	2,853		2,344
	Staff training and welfare	983		924
	Computer running costs	286,467		146,632
	Travel and subsistence	44,638		7,496
	Motor expenses	146		1,928
		1,300,107		843,896
Premises costs:
	Rent and service charges	32,182		28,161
	Rates	306		291
	Service charges	19,355		9,718
	Light and heat	5,215		-
	Cleaning	10,918		11,348
		67,976		49,518
General administrative expenses:
	Telephone and fax	14,976		11,983
	Stationery and printing	2,442		267
	Subscriptions	27,723		20,731
	Bank charges	48,669		56,826
	Insurance	33,699		29,916
	Repairs and maintenance	4,382		2,014
	Depreciation	15,813		7,011
	Bad debts	2,841		4,042
	Sundry expenses	14,067		4,325
		164,612		137,115
Legal and professional costs:
	Audit fees	11,835		11,550
	Accountancy fees	5,469		4,863
	Consultancy fees	100,808		106,512
	Advertising and PR	89,103		43,146
	Other legal and professional	25,430		46,081
		232,645		212,152

		1,765,340		1,242,681