Company No: 07500513 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	12,702		14,208
Tangible assets	4	735		1,203
		13,437		15,411
Current assets
Stocks		105,183		102,415
Debtors	5	9,951		11,479
Cash at bank and in hand		33,384		31,132
		148,518		145,026
Creditors: amounts falling due within one year	6	( 56,821)		( 40,024)
Net current assets		91,697		105,002
Total assets less current liabilities		105,134		120,413
Provision for liabilities		( 1,301)		0
Net assets		103,833		120,413
Capital and reserves
Called-up share capital	7	100		100
Revaluation reserve		3,900		12,785
Profit and loss account		99,833		107,528
Total shareholders' funds		103,833		120,413

For the financial year ending 30 November 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of B B Wear Ltd (registered number: 07500513) were approved and authorised for issue by the Board of Directors on 11 May 2026. They were signed on its behalf by:

B A Bright Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

B B Wear Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is First Floor Blackbrook Gate 1, Blackbrook Business Park, Taunton, TA1 2PX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

In light of the current economic situation, both in the UK and globally, impacted by rising energy costs, inflation and general cost of living increases, the directors have given consideration to the impact of these issues on the operations and financial position of the company, as well as upon customers and suppliers. The directors are satisfied that, having considered no less than 12 months from the date of approval of the financial statements, that the issues identified do not present a significant risk to the going concern basis of the company and, therefore, that the going concern basis of preparation remains appropriate.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

10 years straight line

Other intangible assets

Digital assets held by the company are measured at cost less amortisation. As an active market exists for the digital assets held by the company and a reliable valuation can be made, the digital assets are revalued at the balance sheet date.

The useful economic life of Digital Assets cannot be reasonably estimated so the directors have adopted the standard ten-year straight line policy for amortisation. Given the active market for the Digital Assets held by the company and the reliable valuation that can be ascertained at any point in time, the directors have chosen to revalue Digital Assets at the balance sheet date to that of the realisable market value.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery	5 years straight line
Vehicles	5 years straight line
Fixtures and fittings	5 years straight line
Office equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Key judgements and sources of estimation uncertainty

In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key estimates that have a significant effect on the amounts recognised in the financial statements are described below:

Digital assets
Digital Assets are a relatively new technology with different asset types comprising of different characteristics. As a result it is difficult to ascertain what the estimated useful life of a digital asset may be; any such estimate would require an understating of the future adoption and perseverance of the underlying technology. The directors have chosen to amortise digital assets over a period of ten years as their best estimation of useful life, and to revalue at the year end date based on active market data. The directors are aware that digital asset markets are prone to volatility and are satisfied with the risks and uncertainty in considering the future value of these assets. The carrying value at the year end is £12,702 (2024: £14,208).

Aside from the above, the directors do not consider that significant estimates or judgements have been made during the preparation of the financial statements impacting the results and position reported.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	10		11

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost/Valuation
At 01 December 2024	20,285		20,285
Revaluations	( 756)		( 756)
At 30 November 2025	19,529		19,529
Accumulated amortisation
At 01 December 2024	6,077		6,077
Charge for the financial year	750		750
At 30 November 2025	6,827		6,827
Net book value
At 30 November 2025	12,702		12,702
At 30 November 2024	14,208		14,208

4. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£
Cost
At 01 December 2024	17,404		12,850		989		6,589		37,832
Additions	0		0		0		105		105
Disposals	( 1,033)		0		0		( 374)		( 1,407)
At 30 November 2025	16,371		12,850		989		6,320		36,530
Accumulated depreciation
At 01 December 2024	17,211		12,850		656		5,912		36,629
Charge for the financial year	57		0		198		318		573
Disposals	( 1,033)		0		0		( 374)		( 1,407)
At 30 November 2025	16,235		12,850		854		5,856		35,795
Net book value
At 30 November 2025	136		0		135		464		735
At 30 November 2024	193		0		333		677		1,203

5. Debtors

	2025		2024
	£		£
Trade debtors	7,455		9,968
Amounts owed by directors	0		380
Prepayments	1,086		1,031
VAT recoverable	1,310		0
Other debtors	100		100
	9,951		11,479

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	15,432		2,570
Amounts owed to directors	774		4,173
Accruals	4,711		5,857
Corporation tax	21,555		17,699
Other taxation and social security	0		3,369
Other creditors	14,349		6,356
	56,821		40,024

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

8. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Director	0		380

An advance of £380 for a Director was brought forward at 1 December 2024. £380 was repaid during the year. The balance owed at 30 November 2025 is £nil.