Registration number: 04233101

City Look Imports Limited

Contents

Company Information	1
Statement of Financial Position	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

City Look Imports Limited

Company Information

Directors

Salim Tailor Noorjhan Tailor

Company secretary

Noorjhan Tailor

Registered office

Harrison Trading Estate Longworth Street Preston Lancashire PR1 5DL

Accountants

S.B.P. (Southport) Limited T/A SB Patel & Co Chartered Certified Accountants Tolsey House 1 Marshside Road Churchtown Southport Merseyside PR9 9TL

City Look Imports Limited

(Registration number: 04233101)
Statement of Financial Position as at 28 February 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	25,283	29,587
Tangible assets	5	1,458,981	1,468,354
		1,484,264	1,497,941
Current assets
Stocks	6	990,322	979,869
Debtors	7	1,128,701	557,483
Cash at bank and in hand		37,023	26,604
		2,156,046	1,563,956
Creditors: Amounts falling due within one year	8	(992,492)	(629,929)
Net current assets		1,163,554	934,027
Total assets less current liabilities		2,647,818	2,431,968
Creditors: Amounts falling due after more than one year	8	(385,624)	(116,001)
Net assets		2,262,194	2,315,967
Capital and reserves
Called up share capital		100	100
Revaluation reserve		892,277	892,277
Retained earnings		1,369,817	1,423,590
Shareholders' funds		2,262,194	2,315,967

For the financial year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

City Look Imports Limited

(Registration number: 04233101)
Statement of Financial Position as at 28 February 2026

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 12 May 2026 and signed on its behalf by:
 

......................................... Salim Tailor Director

City Look Imports Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Harrison Trading Estate
Longworth Street
Preston
Lancashire
PR1 5DL
England

These financial statements were authorised for issue by the Board on 12 May 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Revenue comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Revenue is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

City Look Imports Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

City Look Imports Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

City Look Imports Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 16 (2025 - 13).

City Look Imports Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

4	Intangible assets

	Trademarks, patents and licenses  £	Other intangible assets  £	Total £
Cost or valuation
At 1 March 2025	39,698	46,377	86,075
At 28 February 2026	39,698	46,377	86,075
Amortisation
At 1 March 2025	23,786	32,702	56,488
Amortisation charge	1,985	2,319	4,304
At 28 February 2026	25,771	35,021	60,792
Carrying amount
At 28 February 2026	13,927	11,356	25,283
At 28 February 2025	15,912	13,675	29,587

5	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Total £
Cost or valuation
At 1 March 2025	1,479,842	395,425	28,603	1,903,870
Additions	27,105	2,254	7,250	36,609
At 28 February 2026	1,506,947	397,679	35,853	1,940,479
Depreciation
At 1 March 2025	107,605	302,138	25,773	435,516
Charge for the year	30,139	14,331	1,512	45,982
At 28 February 2026	137,744	316,469	27,285	481,498
Carrying amount
At 28 February 2026	1,369,203	81,210	8,568	1,458,981
At 28 February 2025	1,372,237	93,287	2,830	1,468,354

City Look Imports Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

6

Stocks

	2026 £	2025 £
Other inventories	990,322	979,869

7

Debtors

Current	2026 £	2025 £
Trade debtors	699,157	247,974
Prepayments	421,664	309,509
Other debtors	7,880	-
	1,128,701	557,483

City Look Imports Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

8

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	9	93,462	40,381
Trade creditors		457,763	152,092
Taxation and social security		153,444	205,902
Accruals and deferred income		8,402	14,125
Other creditors		279,421	217,429
		992,492	629,929

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	9	385,624	116,001

9	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	385,624	116,001

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	93,462	40,381

10	Related party transactions

Transactions with directors

2026	At 1 March 2025 £	Repayments by director £	At 28 February 2026 £
Salim Tailor
Directors Loan	-	30,000	30,000