REGISTERED NUMBER: 10151490 (England and Wales)

COMFORT SHOE WAREHOUSE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C J Metti

REGISTERED OFFICE:

402-403 Stourport Road

Kidderminster

Worcestershire

DY11 7BG

REGISTERED NUMBER:

10151490 (England and Wales)

FIXED ASSETS

Intangible assets

4

372,395

403,645

Tangible assets

5

505,060

507,242

877,455

910,887

CURRENT ASSETS

Stocks

819,824

866,414

Debtors

6

1,187,057

1,148,371

Cash at bank and in hand

495,822

559,081

2,502,703

2,573,866

CREDITORS

Amounts falling due within one year

7

1,082,881

736,510

NET CURRENT ASSETS

1,419,822

1,837,356

TOTAL ASSETS LESS CURRENT LIABILITIES

2,297,277

2,748,243

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

2,297,276

2,748,242

SHAREHOLDERS' FUNDS

2,297,277

2,748,243

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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 12th January 2026 and were signed by:

C J Metti - Director

1.	STATUTORY INFORMATION

Comfort Shoe Warehouse 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 2018, is being amortised evenly over its estimated useful life of twenty 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

-

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

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.

Government grants

Government grants are recognised at the point that they are receivable and there is reasonable assurance that the company will comply with the conditions attached to them. They are valued at the consideration received or to be received.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st May 2024

and 30th April 2025

625,000

AMORTISATION

At 1st May 2024

221,355

Amortisation for year

31,250

At 30th April 2025

252,605

NET BOOK VALUE

At 30th April 2025

372,395

At 30th April 2024

403,645

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

At 1st May 2024

and 30th April 2025

503,638

7,038

510,676

DEPRECIATION

At 1st May 2024

-

3,434

3,434

Charge for year

-

2,182

2,182

At 30th April 2025

-

5,616

5,616

NET BOOK VALUE

At 30th April 2025

503,638

1,422

505,060

At 30th April 2024

503,638

3,604

507,242

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

711,427

851,145

Amounts owed by group undertakings

414,765

265,084

Other debtors

12,856

2,156

Prepayments and accrued income

48,009

29,986

1,187,057

1,148,371

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

49,874

-

Trade creditors

576,660

275,121

Tax

139,253

179,119

Social security and other taxes

3,229

17,708

VAT

23,555

78,106

Directors' current accounts

83,753

400

Accruals and deferred income

206,557

186,056

1,082,881

736,510

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Share capital 1

£1

1

1

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Interest has been charged on the overdrawn loan account. The outstanding amounts were cleared in full in May 2022.