Company Registration No. 01600902 (England and Wales)
STRAITS TRADING CO. LIMITED (THE)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2025
31 December 2025
PAGES FOR FILING WITH REGISTRAR
PM+M Solutions for Business LLP
Chartered Accountants
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
STRAITS TRADING CO. LIMITED (THE)
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 8
STRAITS TRADING CO. LIMITED (THE)
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
60,877
56,436
Current assets
Stocks
1,744,164
1,566,142
Debtors
5
1,632,974
1,370,288
Cash at bank and in hand
61,592
69,933
3,438,730
3,006,363
Creditors: amounts falling due within one year
6
(1,806,686)
(1,671,234)
Net current assets
1,632,044
1,335,129
Total assets less current liabilities
1,692,921
1,391,565
Provisions for liabilities
(8,539)
(4,966)
Net assets
1,684,382
1,386,599
Capital and reserves
Called up share capital
10,000
10,000
Hedging reserve
7
(69,243)
62,865
Profit and loss reserves
1,743,625
1,313,734
Total equity
1,684,382
1,386,599

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 12 March 2026 and are signed on its behalf by:
P Aspin
Director
Company registration number 01600902 (England and Wales)
STRAITS TRADING CO. LIMITED (THE)
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
Share capital
Hedging reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 January 2024
10,000
(60,600)
1,371,989
1,321,389
Year ended 31 December 2024:
Profit
-
-
16,745
16,745
Other comprehensive income:
Cash flow hedge gain
-
123,465
-
123,465
Total comprehensive income
-
123,465
16,745
140,210
Dividends
-
-
(75,000)
(75,000)
Balance at 31 December 2024
10,000
62,865
1,313,734
1,386,599
Year ended 31 December 2025:
Profit
-
-
479,891
479,891
Other comprehensive income:
Cash flow hedge loss
-
(132,108)
-
(132,108)
Total comprehensive income
-
(132,108)
479,891
347,783
Dividends
-
-
(50,000)
(50,000)
Balance at 31 December 2025
10,000
(69,243)
1,743,625
1,684,382
STRAITS TRADING CO. LIMITED (THE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

Straits Trading Co. Limited (The) is a members limited liability company, incorporated in England and Wales. The registered office is East Wing Offices, Junction 7 Business Park, Clayton-le-Moors, Accrington, Lancashire, BB5 5JW.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Plant and equipment
10-33% 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 profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks 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.

1.5
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.

STRAITS TRADING CO. LIMITED (THE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.6
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 balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net 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 debtors and cash and bank balances, 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.

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 creditors, bank loans and loans from fellow group, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts 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 creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

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

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

STRAITS TRADING CO. LIMITED (THE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss 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 s asset are consumed.

1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

1.12

Hedge accounting

The Company uses foreign currency forward contracts to hedge its exposure to variability in cashflow and fair values on stock purchases in foreign currencies. These purchases are either firm commitments or highly probable forecast transactions in the currency of the forward contract. These derivatives are measured at fair value at each balance sheet date.

Fair value gains or losses on the derivatives at the balance sheet date are recognised as an asset or liability with a corresponding gain or loss in other comprehensive income and are recorded in a specific cashflow hedging reserve. On completion of the hedged stock purchase transaction; the cumulative hedging gain is recognised in the initial cost of the stock.

STRAITS TRADING CO. LIMITED (THE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates 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 historical 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. The main area of judgement relates to provisions against the value of stock.

Stock provisions are determined based on the time since the last purchase date, with higher provisions applied to older stock. In addition, specific provisions are made for slow-moving inventory items.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
26
27
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2025
632,636
Additions
27,727
At 31 December 2025
660,363
Depreciation and impairment
At 1 January 2025
576,200
Depreciation charged in the year
23,286
At 31 December 2025
599,486
Carrying amount
At 31 December 2025
60,877
At 31 December 2024
56,436
STRAITS TRADING CO. LIMITED (THE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
322,688
453,590
Amounts owed by group undertakings
283,908
283,908
Other debtors
748,249
369,734
Prepayments and accrued income
278,129
263,056
1,632,974
1,370,288

The amounts owed by group undertakings are not subject to any formal agreement.

6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
562,876
304,122
Trade creditors
167,868
270,194
Corporation tax
160,089
2,023
Other taxation and social security
143,775
191,853
Other creditors
94,782
164,236
Accruals and deferred income
677,296
738,806
1,806,686
1,671,234

Bank liabilities included above are secured by way of a debenture comprising a fixed and floating charge over all the assets and undertakings of the company.

An unlimited composite guarantee is in place with Aslo Holding Company Limited and Aromatize Limited.

A trade import facility has been arranged and is renewed annually. Any loans are subject to interest of 2.3% above base rate and are repayable within 6 months of their start date.

7
Hedging reserve

Included within the hedging reserve is a foreign currency adjustment amounting to a debit of £69,243 (2024 - credit £62,865). This amount relates to foreign currency derivative contract loss arising at the year end on the revaluation of the contracts at the forward contract rate. The contracts exist in order for the company to hedge the risk associated with future foreign currency purchases in connection with the acquisition of stock.

8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

STRAITS TRADING CO. LIMITED (THE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
8
Audit report information
(Continued)
- 8 -
Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2025 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.

Senior Statutory Auditor:
Daniel Bowles BFP ACA FCCA
Statutory Auditor:
PM+M Solutions for Business LLP
Date of audit report:
12 March 2026
9
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total
2,099,741
843,271
2025-12-31 2025-01-01 false false false 12 March 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity P Aspin M Lomax P Aspin 01600902 2025-01-01 2025-12-31 01600902 2025-12-31 01600902 2024-12-31 01600902 core:OtherPropertyPlantEquipment 2025-12-31 01600902 core:OtherPropertyPlantEquipment 2024-12-31 01600902 core:CurrentFinancialInstruments 2025-12-31 01600902 core:CurrentFinancialInstruments 2024-12-31 01600902 core:ShareCapital 2025-12-31 01600902 core:ShareCapital 2024-12-31 01600902 core:HedgingReserve 2025-12-31 01600902 core:HedgingReserve 2024-12-31 01600902 core:RetainedEarningsAccumulatedLosses 2025-12-31 01600902 core:RetainedEarningsAccumulatedLosses 2024-12-31 01600902 core:ShareCapital 2023-12-31 01600902 core:HedgingReserve 2023-12-31 01600902 core:RetainedEarningsAccumulatedLosses 2023-12-31 01600902 bus:CompanySecretaryDirector1 2025-01-01 2025-12-31 01600902 core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 01600902 2024-01-01 2024-12-31 01600902 core:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 01600902 core:HedgingReserve 2024-01-01 2024-12-31 01600902 core:ComputerEquipment 2025-01-01 2025-12-31 01600902 core:OtherPropertyPlantEquipment 2024-12-31 01600902 core:OtherPropertyPlantEquipment 2025-01-01 2025-12-31 01600902 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 01600902 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 01600902 bus:FRS102 2025-01-01 2025-12-31 01600902 bus:Audited 2025-01-01 2025-12-31 01600902 bus:Director1 2025-01-01 2025-12-31 01600902 bus:Director2 2025-01-01 2025-12-31 01600902 bus:CompanySecretary1 2025-01-01 2025-12-31 01600902 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP