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Registered number: 11086791
Professional Clothing Industry Association Worldwide Ltd
Financial Statements
For The Year Ended 31 March 2025
Hippey Accountancy Services
FMAAT
13 Swanwick Walk
Broughton
Milton Keynes
MK10 9LJ
Professional Clothing Industry Association Worldwide Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Professional Clothing Industry Association Worldwide Ltd
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 11086791

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 51,651 |  | 60,828
Tangible Assets | 5 |  | 1,381 |  | 2,628
|  |  | 53,032 |  | 63,456
CURRENT ASSETS
Debtors | 6 | 183,846 |  | 12,867 |
Cash at bank and in hand |  | 1,447 |  | 84 |
|  | 185,293 |  | 12,951 |
Creditors: Amounts Falling Due Within One Year | 7 | (316,809 ) |  | (114,529 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (131,516 ) |  | (101,578 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | (78,484 ) |  | (38,122 )
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (59,766 ) |  | (63,219 )
NET LIABILITIES |  |  | (138,250 ) |  | (101,341 )
Income and Expenditure Account |  |  | (138,250 ) |  | (101,341 )
MEMBERS' FUNDS |  |  | (138,250) |  | (101,341)

Page 1
Page 2
Professional Clothing Industry Association Worldwide Ltd
Balance Sheet (continued)
As At 31 March 2025
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board

Mrs Yvette Ashby Director
31st December 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Professional Clothing Industry Association Worldwide Ltd
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Professional Clothing Industry Association Worldwide Ltd is a private company, limited by guarantee, incorporated in England & Wales, registered number 11086791 . The registered office is South House 3a, Suite 4 Bond Estates, Bond Avenue, Mount Farm, Milton Keynes, MK1 1SW.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis. As at 31 March 2025, the company had accumulated deficits and net liabilities of £138,250. The directors have prepared and reviewed cash flow forecasts and financial projections for the year ending 31 March 2026.
Taking account of post year end trading performance, the forecasts prepared, and ongoing cost control, the directors are satisfied that the company will be able to meet its liabilities as they fall due and that it is appropriate to prepare the financial statements on a going concern basis.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income and expenditure account over its estimated economic life of ten years.
2.5. Intangible Fixed Assets and Amortisation - Other Intangible
Other 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.
Website development is being amortised to income and expenditure account over its estimated economic life of five years.
2.6. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment | 25% Straight Line

2.7. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating surplus.
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Professional Clothing Industry Association Worldwide Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in surplus or deficit for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the Income and Expenditure Account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 6)
6 6
4. Intangible Assets

| Goodwill | Other | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 April 2024 | 85,569 | 9,340 | 94,909
As at 31 March 2025 | 85,569 | 9,340 | 94,909
Amortisation
As at 1 April 2024 | 25,671 | 8,410 | 34,081
Provided during the period | 8,557 | 620 | 9,177
As at 31 March 2025 | 34,228 | 9,030 | 43,258
Net Book Value
As at 31 March 2025 | 51,341 | 310 | 51,651
As at 1 April 2024 | 59,898 | 930 | 60,828

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Page 5
Professional Clothing Industry Association Worldwide Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
5. Tangible Assets

| Computer Equipment
--- | ---
| £
Cost
As at 1 April 2024 | 6,372
As at 31 March 2025 | 6,372
Depreciation
As at 1 April 2024 | 3,744
Provided during the period | 1,247
As at 31 March 2025 | 4,991
Net Book Value
As at 31 March 2025 | 1,381
As at 1 April 2024 | 2,628

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 64,559 |  | 10,801
Other debtors | 119,287 |  | 2,066
| 183,846 |  | 12,867

Included within other debtors are prepaid event-related expenditure of £108,340, a VAT repayment due of £9,247, and prepaid rent of £1,700. These balances primarily relate to the planning and delivery of trade events taking place after the year end. All balances are expected to be realised in the normal course of business and none are considered long outstanding.
7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 132,590 |  | 10,179
Other creditors | 124,899 |  | 74,003
Taxation and social security | 59,320 |  | 30,347
| 316,809 |  | 114,529

Trade creditors largely relate to event suppliers and venues in respect of costs incurred ahead of post year end trade events. The balance due for taxation and social security relates to PAYE liabilities. The directors are actively managing these balances.
8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other loans | 59,766 |  | 63,219

The balance falling due after more than one year relates to deferred consideration arising on the acquisition of goodwill from a related party. The amount is unsecured, interest free, and repayable in accordance with agreed terms. Repayment is not anticipated within the next twelve months.
9. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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