Crispins Shoes Limited 31/07/2025 iXBRL

Company registration number: 04655236

Crispins Shoes Limited

Unaudited abridged financial statements

31 July 2025

Crispins Shoes Limited

Contents

Directors and other information

Director's report

Accountants report

Statement of income and retained earnings

Abridged statement of financial position

Notes to the financial statements

Crispins Shoes Limited

Directors and other information


	Director	Mr. Peiman Merikhy


	Company number	04655236


	Registered office	Suite 4, Stanmore Towers
		8-14 Church Road
		Stanmore
		HA7 4AW


	Business address	28-30 Chiltern Street
		London
		W1U 7QG


	Accountants	Michael King & CO
		Suite 4, Stanmore Towers
		8-14 Church Road
		Stanmore
		Middlesex
		HA7 4AW

Crispins Shoes Limited

Director's report

Year ended 31 July 2025

The director presents his report and the unaudited financial statements of the company for the year ended 31 July 2025.

Director

The director who served the company during the year was as follows:

Mr. Peiman Merikhy

Small company provisions

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

This report was approved by the board of directors on 30 April 2026 and signed on behalf of the board by:

Mr. Peiman Merikhy

Director

Crispins Shoes Limited

Chartered accountants report to the director on the preparation of the

unaudited statutory financial statements of Crispins Shoes Limited

Year ended 31 July 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Crispins Shoes Limited for the year ended 31 July 2025 which comprise the statement of income and retained earnings, abridged statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the director of Crispins Shoes Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Crispins Shoes Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Crispins Shoes Limited and its director as a body for our work or for this report.

It is your duty to ensure that Crispins Shoes 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 profit of Crispins Shoes Limited. You consider that Crispins Shoes 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 Crispins Shoes 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 financial statements.

Michael King & CO

Chartered Accountants

Suite 4, Stanmore Towers

8-14 Church Road

Stanmore

Middlesex

HA7 4AW

1 May 2026

Crispins Shoes Limited

Statement of income and retained earnings

Year ended 31 July 2025

		2025	2024
	Note	£	£


Turnover		1,058,489	1,095,278
Cost of sales		( 609,056)	( 644,554)
		_______	_______
Gross profit		449,433	450,724

Administrative expenses		( 332,997)	( 226,796)
		_______	_______
Operating profit		116,436	223,928

Other interest receivable and similar income		17,371	12,312
Interest payable and similar expenses		( 478)	-
Profit before taxation	5	133,329	236,240

Tax on profit		( 32,153)	( 59,040)
		_______	_______
Profit for the financial year and total comprehensive income		101,176	177,200
		_______	_______

Dividends declared and paid or payable during the year		( 232,768)	( 175,728)

Retained earnings at the start of the year		632,392	630,921
		_______	_______
Retained earnings at the end of the year		500,800	632,393
		_______	_______

All the activities of the company are from continuing operations.

Crispins Shoes Limited

Abridged statement of financial position

31 July 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	6	-		-
Tangible assets	7	4,115		5,487
		_______		_______
			4,115		5,487

Current assets
Stocks		261,573		252,710
Debtors		21,676		14,489
Cash at bank and in hand		558,853		717,809
		_______		_______
		842,102		985,008
Creditors: amounts falling due
within one year		( 115,417)		( 128,102)
		_______		_______
Net current assets			726,685		856,906
			_______		_______
Total assets less current liabilities			730,800		862,393

			_______		_______
Net assets			730,800		862,393
			_______		_______

Capital and reserves
Called up share capital			230,000		230,000
Profit and loss account			500,800		632,393
			_______		_______
Shareholder funds			730,800		862,393
			_______		_______

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

Director's responsibilities:

- The 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 director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

The member, Mr Peiman has agreed to preparation of abridged accounts under section 444 Companies Act 2006

These financial statements were approved by the board of directors and authorised for issue on 30 April 2026 , and are signed on behalf of the board by:

Mr. Peiman Merikhy

Director

Company registration number: 04655236

Crispins Shoes Limited

Notes to the financial statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in UK. The address of the registered office is Suite 4, Stanmore Towers, 8-14 Church Road, Stanmore, HA7 4AW.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

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

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 6 ).

5. Profit before taxation

Profit before taxation is stated after charging/(crediting):

	2025	2024
	£	£
Depreciation of tangible assets	1,372	1,829
	_______	_______

6. Intangible assets


		£
	Cost
	At 1 August 2024 and 31 July 2025	136,383
		_______
	Amortisation
	At 1 August 2024 and 31 July 2025	136,383
		_______
	Carrying amount
	At 31 July 2025	-
		_______
	At 31 July 2024	-
		_______

7. Tangible assets


		£
	Cost
	At 1 August 2024 and 31 July 2025	75,445
		_______
	Depreciation
	At 1 August 2024	69,958
	Charge for the year	1,372
		_______
	At 31 July 2025	71,330
		_______
	Carrying amount
	At 31 July 2025	4,115
		_______
	At 31 July 2024	5,487
		_______

8. Directors advances, credits and guarantees

	During the year the director entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the director	Balance o/standing
		£	£	£
	Mr. Peiman Merikhy	( 1,664)	-	( 1,664)
		_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the director	Balance o/standing
		£	£	£
	Mr. Peiman Merikhy	( 1,551)	( 113)	( 1,664)
		_______	_______	_______

9. Controlling party

Peiman Merikhy is the sole director and sole shareholder of the Company and thus has full control.