REGISTERED NUMBER: 07587631 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Texapparel Limited

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

DIRECTORS:

Mrs K S Clark

J E Clark

REGISTERED OFFICE:

C/O Dwilkinson&Company

Bank House

27 King Street

Leeds

West Yorkshire

LS1 2HL

REGISTERED NUMBER:

07587631 (England and Wales)

ACCOUNTANTS:

DWilkinson&Company

Bank House

27 King Street

Leeds

West Yorkshire

LS1 2HL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

123,977

69,220

Investments

6

7,500

7,500

131,477

76,720

CURRENT ASSETS

Debtors

7

1,761

1,391

Cash at bank and in hand

540,908

551,708

542,669

553,099

CREDITORS

Amounts falling due within one year

8

250,762

215,751

NET CURRENT ASSETS

291,907

337,348

TOTAL ASSETS LESS CURRENT LIABILITIES

423,384

414,068

PROVISIONS FOR LIABILITIES

9

10,251

13,152

NET ASSETS

413,133

400,916

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

413,033

400,816

SHAREHOLDERS' FUNDS

413,133

400,916

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 17 December 2025 and were signed on its behalf by:

J E Clark - Director

1.	STATUTORY INFORMATION

Texapparel 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

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.

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 reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year 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 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

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 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

20,000

AMORTISATION

At 1 April 2024

and 31 March 2025

20,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

78,432

2,948

6,248

10,644

98,272

Additions

-

-

85,401

-

85,401

At 31 March 2025

78,432

2,948

91,649

10,644

183,673

DEPRECIATION

At 1 April 2024

13,505

2,135

3,614

9,798

29,052

Charge for year

7,843

122

22,009

670

30,644

At 31 March 2025

21,348

2,257

25,623

10,468

59,696

NET BOOK VALUE

At 31 March 2025

57,084

691

66,026

176

123,977

At 31 March 2024

64,927

813

2,634

846

69,220

6.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.3.25

31.3.24

£

£

Investment

7,500

7,500

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

VAT

1,761

1,391

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,527

15,219

Tax

26,616

4,437

Social security and other taxes

147

-

Other creditors

139,598

193,405

Directors' current accounts

71,974

865

Accrued expenses

1,900

1,825

250,762

215,751

Loans from directors are interest free and repayable on demand.

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

10,251

13,152

Deferred

tax

£

Balance at 1 April 2024

13,152

Accelerated capital allowances

(2,901

)

Balance at 31 March 2025

10,251

The entire provision for deferred taxation is in respect of accelerated capital allowances.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary shares

£1.00

100

100

11.	ULTIMATE CONTROLLING PARTY

Mr and Mrs Clark are the ultimate controlling party by virtue of holding 100% of issued share capital of the parent company Skyfall Holdings Limited.