Somax Clothing Ltd - Filleted accounts

Registered number

09614042

Somax Clothing Ltd

Unaudited Filleted Accounts

30 November 2025

Somax Clothing Ltd
Registered number:		09614042
Balance Sheet
as at 30 November 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		-			10,000
Tangible assets	4		14,809			18,845
			14,809			28,845

Current assets
Stocks		-			21,112
Debtors	5	370			-
Cash at bank and in hand		8,152			22,409
		8,522			43,521

Creditors: amounts falling due within one year	6	(22,571)			(12,429)

Net current (liabilities)/assets			(14,049)			31,092

Total assets less current liabilities			760			59,937

Creditors: amounts falling due after more than one year	7		(70,000)			(140,997)


Net liabilities			(69,240)			(81,060)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(69,340)			(81,160)

Shareholders' funds			(69,240)			(81,060)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Laura Deambrogio
Director
Approved by the board on 9 April 2026

Somax Clothing Ltd
Notes to the Accounts
for the year ended 30 November 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment	25% on reducing balance
	Motor vehicles	25% on reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			1		2


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 December 2024					100,000
	At 30 November 2025					100,000

	Amortisation
	At 1 December 2024					90,000
	Provided during the year					10,000
	At 30 November 2025					100,000

	Net book value
	At 30 November 2025					-
	At 30 November 2024					10,000

	Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.


4	Tangible fixed assets
		Fixtures and fittings		Motor vehicles		Total
£			£		£
	Cost
	At 1 December 2024	3,230		24,397		27,627
	At 30 November 2025	3,230		24,397		27,627

	Depreciation
	At 1 December 2024	2,445		6,337		8,782
	Charge for the year	785		3,251		4,036
	At 30 November 2025	3,230		9,588		12,818

	Net book value
	At 30 November 2025	-		14,809		14,809
	At 30 November 2024	785		18,060		18,845


5	Debtors			2025		2024
£					£

	Other taxes and social security costs			370		-


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			5,284		1,508
	Obligations under finance lease and hire purchase contracts			13,498		3,669
	Trade creditors			3,789		3,199
	Other taxes and social security costs			-		4,053
				22,571		12,429


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			-		15,000
	Obligations under finance lease and hire purchase contracts			-		13,497
	Other creditors			70,000		112,500
				70,000		140,997

8	Other information

	Somax Clothing Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	38 Sandoits Road
	Croydon
	Surrey
	CR0 5HG