IRIS Accounts Production v26.1.0.640 00517599 Board of Directors 1.9.24 31.8.25 31.8.25 17.3.2026 true false true false false true false Auditors Opinion Fair value model iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 00517599 2024-08-31 00517599 2025-08-31 00517599 2024-09-01 2025-08-31 00517599 2023-08-31 00517599 2023-09-01 2024-08-31 00517599 2024-08-31 00517599 ns15:EnglandWales 2024-09-01 2025-08-31 00517599 ns14:PoundSterling 2024-09-01 2025-08-31 00517599 ns10:Director1 2024-09-01 2025-08-31 00517599 ns10:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 00517599 ns10:SmallEntities 2024-09-01 2025-08-31 00517599 ns10:Audited 2024-09-01 2025-08-31 00517599 ns10:SmallCompaniesRegimeForDirectorsReport 2024-09-01 2025-08-31 00517599 ns10:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 00517599 ns10:FullAccounts 2024-09-01 2025-08-31 00517599 ns10:Director2 2024-09-01 2025-08-31 00517599 ns10:Director3 2024-09-01 2025-08-31 00517599 ns10:Director4 2024-09-01 2025-08-31 00517599 ns10:CompanySecretary1 2024-09-01 2025-08-31 00517599 ns10:RegisteredOffice 2024-09-01 2025-08-31 00517599 ns5:CurrentFinancialInstruments 2025-08-31 00517599 ns5:CurrentFinancialInstruments 2024-08-31 00517599 ns5:ShareCapital 2025-08-31 00517599 ns5:ShareCapital 2024-08-31 00517599 ns5:RevaluationReserve 2025-08-31 00517599 ns5:RevaluationReserve 2024-08-31 00517599 ns5:RetainedEarningsAccumulatedLosses 2025-08-31 00517599 ns5:RetainedEarningsAccumulatedLosses 2024-08-31 00517599 1 2024-09-01 2025-08-31 00517599 ns5:OwnedOrFreeholdAssets ns5:LandBuildings 2024-09-01 2025-08-31 00517599 ns5:PlantMachinery 2024-09-01 2025-08-31 00517599 ns5:FurnitureFittings 2024-09-01 2025-08-31 00517599 ns5:MotorVehicles 2024-09-01 2025-08-31 00517599 ns5:ComputerEquipment 2024-09-01 2025-08-31 00517599 ns5:LandBuildings 2024-08-31 00517599 ns5:PlantMachinery 2024-08-31 00517599 ns5:FurnitureFittings 2024-08-31 00517599 ns5:LandBuildings 2024-09-01 2025-08-31 00517599 ns5:LandBuildings 2025-08-31 00517599 ns5:PlantMachinery 2025-08-31 00517599 ns5:FurnitureFittings 2025-08-31 00517599 ns5:LandBuildings 2024-08-31 00517599 ns5:PlantMachinery 2024-08-31 00517599 ns5:FurnitureFittings 2024-08-31 00517599 ns5:MotorVehicles 2024-08-31 00517599 ns5:ComputerEquipment 2024-08-31 00517599 ns5:MotorVehicles 2025-08-31 00517599 ns5:ComputerEquipment 2025-08-31 00517599 ns5:MotorVehicles 2024-08-31 00517599 ns5:ComputerEquipment 2024-08-31 00517599 ns5:CostValuation 2024-08-31 00517599 ns5:AdditionsToInvestments 2025-08-31 00517599 ns5:DisposalsRepaymentsInvestments 2025-08-31 00517599 ns5:RevaluationsIncreaseDecreaseInInvestments 2025-08-31 00517599 ns5:CostValuation 2025-08-31 00517599 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-08-31 00517599 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-08-31 00517599 ns5:WithinOneYear 2025-08-31 00517599 ns5:WithinOneYear 2024-08-31 00517599 ns5:RevaluationReserve 2024-08-31 00517599 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-08-31 00517599 ns5:FurtherSpecificReserve3ComponentTotalEquity 2025-08-31

REGISTERED NUMBER: 00517599 (England and Wales)

| Financial Statements |

| for the Year Ended 31 August 2025 |

| for |

| Simplex Knitting Company Limited |

| Simplex Knitting Company Limited (Registered number: 00517599) |

Contents of the Financial Statements

for the year ended 31 August 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Simplex Knitting Company Limited |

Company Information

for the year ended 31 August 2025

| DIRECTORS: | A A Stiegler

| Miss A M Stiegler

| C J Young

| D Wilson

| SECRETARY: | N Redshaw

| REGISTERED OFFICE: | Bye Pass Road

| Chilwell

| Nottingham

| Nottinghamshire

| NG9 5HN

| REGISTERED NUMBER: | 00517599 (England and Wales)

| AUDITORS: | Clayton & Brewill

| Statutory Auditors and

| Chartered Accountants

| Cawley House

| 149-155 Canal Street

| Nottingham

| Nottinghamshire

| NG1 7HR

| BANKERS: | National Westminster Bank plc

| 51 Market Place

| Long Eaton

| Nottingham

| NG10 3FB

| Simplex Knitting Company Limited (Registered number: 00517599) |

Balance Sheet

31 August 2025

| 2025 | 2024 |

| as restated |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Property, plant and equipment | 4 | 1,262,809 |  | 1,235,656 |  |

Investments | 5 | 681,671 |  | 783,715 |  |

Investment property | 6 | 641,000 |  | 641,000 |  |

2,585,480 |  | 2,660,371 |  |

CURRENT ASSETS

Inventories | 966,014 |  | 898,325 |  |

Debtors | 7 | 401,512 |  | 935,130 |  |

Cash at bank and in hand | 2,100,722 |  | 1,530,579 |  |

3,468,248 |  | 3,364,034 |  |

CREDITORS

Amounts falling due within one year | 8 | 248,391 |  | 232,129 |  |

NET CURRENT ASSETS | 3,219,857 |  | 3,131,905 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 5,805,337 |  | 5,792,276 |  |

CAPITAL AND RESERVES

Called up share capital | 40,000 |  | 40,000 |  |

Revaluation reserve | 11 | 347,012 |  | 350,825 |  |

Fair value reserve | 11 | 217,880 |  | 217,880 |  |

Retained earnings | 5,200,445 |  | 5,183,571 |  |

SHAREHOLDERS' FUNDS | 5,805,337 |  | 5,792,276 |  |

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 Board of Directors and authorised for issue on 13 March 2026 and were signed on its behalf by:

A A Stiegler - Director

| Simplex Knitting Company Limited (Registered number: 00517599) |

Notes to the Financial Statements

for the year ended 31 August 2025

1. | STATUTORY INFORMATION

| Simplex Knitting Company 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 as modified by the revaluation of certain assets.

| Critical accounting judgements and key sources of estimation uncertainty

| The critical judgements that the directors have made in the process of applying the entity's entity accounting policies and have the most significant effect on the amounts recognised in the statutory financial statements are discussed below

| 1. Assessing indicators of Impairment

| In assessing whether there have been any indicators of impairments of assets, the directors have considered both external and internal sources of information such as market conditions, counterparty credit ratings and experience of recoverability and, where applicable, the ability of the asset to be operated as planned. There have been no indicators of impairment identified during the current financial year.

| The key assumptions concerning the future, and other key sources of estimation uncertainty, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below

| 2. Recoverability of trade and other debtors

| The entity establishes a provision for trade and other debtors that are estimated not to be recoverable. When assessing recoverability, the directors have considered factors such as the ageing of the debtors, past experiences of recoverability, financial position of the other party and the credit profile of individual or groups of customers

| 3. Stock Provisioning

| The entity reviews stock for non-moving and obsolete items, and determines whether a provision would be appropriate. The directors consider factors such as the age of the stock, the ability for sale, faults with items and any other indicators which may suggest that stock needs to be provided for.

| Turnover

| Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| It is recognised when the risks and rewards of ownership are transferred by way of delivery.

| Simplex Knitting Company Limited (Registered number: 00517599) |

Notes to the Financial Statements - continued

for the year ended 31 August 2025

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property | - | in accordance with the property

| Plant and machinery | - | 20% on reducing balance

| Fixtures and fittings | - | 15% on reducing balance

| Motor vehicles | - | Straight line over 4 years

| Computer equipment | - | 20% on reducing balance

| The freehold property is held at valuation, the fair value of the asset is considered at each period end.

| The directors consider that this accounting policy results in the accounts giving a true and fair view. Depreciation or amortisation is only one of many factors affected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

| Investment property

| The investment property is valued at each balance sheet date using its fair value.

| Stocks

| Inventories and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

| Simplex Knitting Company Limited (Registered number: 00517599) |

Notes to the Financial Statements - continued

for the year ended 31 August 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| initial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument

| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price, including transaction costs. Financial assets classified as debtors within one year are not amortised and are therefore measured at transaction price plus transaction costs. Assets receivable after more than one year are subsequently carried at amortised cost using the effective interest rate method unless the arrangement constitutes a financing transaction. In this latter case, the transaction is measured at the present value of future receipts discounted at a market rate of interest.

| We derecongise financial assets are in three scenarios. Firstly, when the contractual rights to the cash flows from the assets expire or are settled. Secondly, when all the risks and rewards of the ownership of the asset substantially transfer to another party. Thirdly, when control of the asset transfers to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

| Basic financial liabilities, including trade and other payables, bank loans and intercompany loans, are initially recognised at transaction price. If the arrangement constitutes a financing transaction, the debt instrument is measured at the present value of future receipts discounted at a market rate of interest.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Fees paid on the establishment of loan facilities are recognised as transaction costs of the loan to the extent that it is probably that some or all of the facility will be drawn down. In this case, the fees is deferred until the draw-down occurs. To the extent that there is no evidence that it is probably that some or all of the facility will be drawn down, th fee is capitalised as a prepayment for liquidity services and amortised over the period of the facility to which it relates.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. We classify trade creditors are 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.

| The company does not apply hedge accounting for interest rate and foreign exchange derivatives.

| Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or has expired.

| Financial assets and liabilities are offset and 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.

| 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.

| Simplex Knitting Company Limited (Registered number: 00517599) |

Notes to the Financial Statements - continued

for the year ended 31 August 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Foreign currencies

| 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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| 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.

| Fixed asset investments

| Listed fixed asset investments are valued at the balance sheet date at market value. All changes in fair value are recognised through the profit and loss account during the year.

| Unlisted fixed asset investments are valued at the lower of cost and net realisable value.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 29 (2024 - 29 ) .

4. | PROPERTY, PLANT AND EQUIPMENT

| Fixtures

| Freehold |  | Plant and |  | and

| property |  | machinery |  | fittings

£ | £ | £ |

| COST OR VALUATION

| At 1 September 2024 | 820,000 |  | 4,381,722 |  | 118,961 |  |

| Additions | - |  | 160,238 |  | - |  |

| At 31 August 2025 | 820,000 |  | 4,541,960 |  | 118,961 |  |

| DEPRECIATION

| At 1 September 2024 | 65,600 |  | 3,945,727 |  | 98,970 |  |

| Charge for year | 8,200 |  | 114,371 |  | 5,199 |  |

| At 31 August 2025 | 73,800 |  | 4,060,098 |  | 104,169 |  |

| NET BOOK VALUE

| At 31 August 2025 | 746,200 |  | 481,862 |  | 14,792 |  |

| At 31 August 2024 | 754,400 |  | 435,995 |  | 19,991 |  |

| Simplex Knitting Company Limited (Registered number: 00517599) |

Notes to the Financial Statements - continued

for the year ended 31 August 2025

4. | PROPERTY, PLANT AND EQUIPMENT - continued

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1 September 2024 | 27,870 |  | 76,072 |  | 5,424,625 |  |

| Additions | - |  | 1,309 |  | 161,547 |  |

| At 31 August 2025 | 27,870 |  | 77,381 |  | 5,586,172 |  |

| DEPRECIATION

| At 1 September 2024 | 27,870 |  | 50,802 |  | 4,188,969 |  |

| Charge for year | - |  | 6,624 |  | 134,394 |  |

| At 31 August 2025 | 27,870 |  | 57,426 |  | 4,323,363 |  |

| NET BOOK VALUE

| At 31 August 2025 | - |  | 19,955 |  | 1,262,809 |  |

| At 31 August 2024 | - |  | 25,270 |  | 1,235,656 |  |

| Cost or valuation at 31 August 2025 is represented by:

| Fixtures

| Freehold |  | Plant and |  | and

| property |  | machinery |  | fittings

£ | £ | £ |

| Valuation in 2006 | 792,642 |  | - |  | - |  |

| Valuation in 2016 | (411,313 | ) | - |  | - |  |

| Cost | 438,671 |  | 4,541,960 |  | 118,961 |  |

820,000 |  | 4,541,960 |  | 118,961 |  |

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| Valuation in 2006 | - |  | - |  | 792,642 |  |

| Valuation in 2016 | - |  | - |  | (411,313 | ) |

| Cost | 27,870 |  | 77,381 |  | 5,204,843 |  |

27,870 |  | 77,381 |  | 5,586,172 |  |

| If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2025 | 2024 |

| as | restated |

£ | £ |

| Cost | 438,671 |  | 438,671 |  |

| Aggregate depreciation | 50,682 |  | 50,682 |  |

| The properties were valued on an open market basis on 31 August 2025 by the directors. .

| Simplex Knitting Company Limited (Registered number: 00517599) |

Notes to the Financial Statements - continued

for the year ended 31 August 2025

5. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST OR VALUATION

| At 1 September 2024 | 783,715 |  |

| Additions | 195,389 |  |

| Disposals | (323,388 | ) |

| Revaluations | 25,955 |  |

| At 31 August 2025 | 681,671 |  |

| NET BOOK VALUE

| At 31 August 2025 | 681,671 |  |

| At 31 August 2024 | 783,715 |  |

| Cost or valuation at 31 August 2025 is represented by:

| Other

| investments

£ |

| Valuation in 2025 | 681,671 |  |

| If the listed investments had not been revalued they would have been included at the following historical cost:

2025 | 2024 |

| as | restated |

£ | £ |

| Cost | 652,170 |  | 738,026 |  |

| The listed investments were valued on an open market basis on 31 August 2025 by Rathbones Investment Management .

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 September 2024

| and 31 August 2025 | 641,000 |  |

| NET BOOK VALUE

| At 31 August 2025 | 641,000 |  |

| At 31 August 2024 | 641,000 |  |

| Investment property was valued on an open market basis on 31 August 2025 by the directors. The fair value was determined by reviewing estimations provided from reputable property listing websites.

| Simplex Knitting Company Limited (Registered number: 00517599) |

Notes to the Financial Statements - continued

for the year ended 31 August 2025

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

| as | restated |

£ | £ |

| Trade debtors | 308,099 |  | 264,167 |  |

| Other debtors | 93,413 |  | 670,963 |  |

401,512 |  | 935,130 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

| as | restated |

£ | £ |

| Trade creditors | 89,015 |  | 83,003 |  |

| Amounts owed to group undertakings | 61,388 |  | 60,467 |  |

| Taxation and social security | 29,765 |  | 35,463 |  |

| Other creditors | 68,223 |  | 53,196 |  |

248,391 |  | 232,129 |  |

9. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

| as | restated |

£ | £ |

| Within one year | - |  | 7,631 |  |

10. | SECURED DEBTS

| The NatWest Bank acts as guarantor for Simplex Knitting Company Limited's VAT and duty deferment account. Any monies owed by Simplex Knitting Company Limited to NatWest Bank under the terms of this guarantee are secured by:

| A legal charge dated 11 September 1997 over freehold property known as 29 Kirk Close, Chilwell, Nottingham, NG9 5EY.

11. | RESERVES

| Fair |

| Revaluation |  | value |

| reserve |  | reserve |  | Totals

£ | £ | £ |

| At 1 September 2024 | 350,825 |  | 217,880 |  | 568,705 |  |

| Transfer to profit and loss | (3,813 | ) | - |  | (3,813 | ) |

| At 31 August 2025 | 347,012 |  | 217,880 |  | 564,892 |  |

12. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Douglas Perry FCA (Senior Statutory Auditor)

| for and on behalf of Clayton & Brewill

| Simplex Knitting Company Limited (Registered number: 00517599) |

Notes to the Financial Statements - continued

for the year ended 31 August 2025

13. | ULTIMATE CONTROLLING PARTY

| There is no ultimate controlling party.