Company registration number SC042402 (Scotland)
A. ELLIOT (FINE FABRICS) LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
PAGES FOR FILING WITH REGISTRAR
A. ELLIOT (FINE FABRICS) LIMITED
COMPANY INFORMATION
Directors
Ms R McClarty
Mr R W V Elliot
Company number
SC042402
Registered office
Forest Mill
Dunsdale Road
Selkirk
TD7 5EA
Accountants
JRW Hogg & Thorburn LLP
19 Buccleuch Street
Hawick
Roxburghshire
TD9 0HL
A. ELLIOT (FINE FABRICS) LIMITED
CONTENTS
Page
Directors' report
1
Accountants' report
2
Balance sheet
3
Notes to the financial statements
4 - 6
A. ELLIOT (FINE FABRICS) LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 OCTOBER 2025
- 1 -

The directors present their annual report and financial statements for the year ended 31 October 2025.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Ms R McClarty
Mr R W V Elliot
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
..............................................
Mr R W V Elliot
Director
8 April 2026
A. ELLIOT (FINE FABRICS) LIMITED
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF A. ELLIOT (FINE FABRICS) LIMITED
- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A. Elliot (Fine Fabrics) Limited for the year ended 31 October 2025 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the ICAS we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the b oard of d irectors of A. Elliot (Fine Fabrics) Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A. Elliot (Fine Fabrics) Limited and state those matters that we have agreed to state to the b oard of d irectors of A. Elliot (Fine Fabrics) Limited, as a body, in this report in accordance with the requirements of the ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A. Elliot (Fine Fabrics) Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that A. Elliot (Fine Fabrics) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of A. Elliot (Fine Fabrics) Limited. You consider that A. Elliot (Fine Fabrics) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A. Elliot (Fine Fabrics) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

JRW Hogg & Thorburn LLP
Chartered Accountants
19 Buccleuch Street
Hawick
Roxburghshire
TD9 0HL
8 April 2026
A. ELLIOT (FINE FABRICS) LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2025
31 October 2025
- 3 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
75,375
75,417
Current assets
Stocks
62,752
60,083
Debtors
4
3,438
12,251
Cash at bank and in hand
3,266
6,378
69,456
78,712
Creditors: amounts falling due within one year
5
(117,856)
(121,246)
Net current liabilities
(48,400)
(42,534)
Net assets
26,975
32,883
Capital and reserves
Called up share capital
1,000
1,000
Revaluation reserve
6
72,480
72,480
Profit and loss reserves
(46,505)
(40,597)
Total equity
26,975
32,883

For the financial year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 8 April 2026 and are signed on its behalf by:
..............................................
..............................................
Ms R McClarty
Mr R W V Elliot
Director
Director
Company registration number SC042402 (Scotland)
A. ELLIOT (FINE FABRICS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
- 4 -
1
Accounting policies
Company information

A. Elliot (Fine Fabrics) Limited is a private company limited by shares incorporated in Scotland. The registered office is Forest Mill, Dunsdale Road, Selkirk, TD7 5EA.

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.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

1.4
Tangible fixed assets

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

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

Freehold land and buildings
not provided
Plant and equipment
10% on reducing balance

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.

1.5
Stocks

Stocks and Work in Progress are stated at the lower of cost and net realisable value. The cost of Work in Progress includes attributable overheads.

1.6
Financial instruments
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.

A. ELLIOT (FINE FABRICS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 5 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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.

2
Employees

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

2025
2024
Number
Number
Total
4
4
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 November 2024 and 31 October 2025
75,000
8,595
83,595
Depreciation and impairment
At 1 November 2024
-
0
8,178
8,178
Depreciation charged in the year
-
0
42
42
At 31 October 2025
-
0
8,220
8,220
Carrying amount
At 31 October 2025
75,000
375
75,375
At 31 October 2024
75,000
417
75,417
A. ELLIOT (FINE FABRICS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 6 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
3,438
12,251
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
2,081
13,577
Taxation and social security
1,422
3,466
Other creditors
114,353
104,203
117,856
121,246
6
Revaluation reserve
2025
2024
£
£
At the beginning and end of the year
72,480
72,480
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