Tailored Image Ltd 31/12/2025 iXBRL

Company registration number: NI034580

Tailored Image Ltd

Financial statements

31 December 2025

Tailored Image Ltd

Contents

Directors and other information

Strategic report

Directors report

Independent auditor's report to the members

Statement of income and retained earnings

Statement of financial position

Statement of cash flows

Notes to the financial statements

Tailored Image Ltd

Directors and other information


	Directors	Cecilia Birt
		Brendan Birt
		Bernard Birt
		Peter Donnelly


	Secretary	Bernard Birt


	Company number	NI034580


	Registered office	Unit 3 Granville Industrial Estate
		Dungannon
		Co. Tyrone
		BT70 1NJ


	Auditor	Hill Vellacott
		22 Great Victoria Street
		Belfast
		BT2 7BA




	Bankers	Barclays
		Milennium Court, 2 William Street
		Portadown
		BT62 3NX

		Danske Bank
		South Business Centre, 45-48 High Street
		Portadown
		BT62 1LB


	Solicitors	Simmons, Meglaughlin & Orr
		27 Northland Row
		Dungannon
		Co. Tyrone
		BT71 6BC

Tailored Image Ltd

Strategic report

Year ended 31 December 2025

Business review and position

The directors are pleased with the company's performance during the year. The company operates in a highly competitive marketplace, and the directors continue to take appropriate steps to maintain and strengthen its competitive position.

2025 was a record year for the business, with revenue increasing by 24% compared with 2024. Net profit before tax also increased by a similar percentage year on year, reflecting continued growth, effective cost management and the strength of the company's customer proposition.

The directors monitor the performance of the business using a range of key performance indicators, with a primary focus on financial metrics including sales, gross profit and EBITDA. These measures are considered appropriate in assessing the company's trading performance, profitability and overall financial position.

Financial risk management objectives and policies

The company has exposures to three main areas of risk - foreign exchange currency exposure, liquidity risk and customer credit exposure. To a lesser extent the company is exposed to interest rate risk.The company recognizes that there is an exposure to currency risk as the company both sells and purchases in foreign currencies. The directors manage the risk through the matching of payments and receipts in the foreign currency and transferring monies from one currency to another when they consider it is prudent and to take advantage of any perceived value in the foreign exchange rates.The objective of the company in managing liquidity risk is to ensure that it can meet its financial obligations as and when they fall due. The company expects to meet its financial obligations through operating cash flows. In the event that the operating cash flows would not cover all the financial obligations the company will seek additional credit facilities. The company may offer credit terms to its customers which allow payment of the debt after delivery of the goods or services. The company is at risk to the extent that a customer may be unable to pay the debt on the specified due date. This risk is managed by the strong on-going customer relationships and by robust onboarding credit control procedures.The company borrows from its bankers using either working capital facilities or term loans whose tenure depends on the nature of the asset and management's view of the future direction of interest rate.Supply chain and raw material costs are another key exposure to the business. The company seeks to mitigate this by constantly reviewing its sourcing strategies, cost and quality benchmarking exercises and ensuring a geographical spread of key suppliers. This allows for greater flexibility in its supply chain and helps minimize this exposure, allowing security of supply.

Environment

Carbon Neutral Britain was engaged by Tailored Image Ltd in order to measure and calculate the organisation's total carbon footprint for 2022, with the purpose of offsetting their total organisation emissions - to become Carbon Neutral.

As an organisation that designs, manufactures and supplies corporate clothing and staff uniforms, it was identified that the main emissions were to occur from staff commuting within the reporting period. Due to hybrid working, staff worked from home, of which the energy usage from home was also calculated.

In March 2026, Tailored Image Ltd offset their carbon footprint to become certified as a Carbon Neutral Business by Carbon Neutral Britain.

As certification was awarded by an external organisation, it provides assurance that the carbon neutral claim is robust and credible, following calculation using the ISO 14064 and GHG Protocol Emissions Standard principles of relevance, completeness, consistency, transparency and accuracy.

Carbon Neutral Status has been awarded to the organisation for a period of 12 months.

Through the Carbon Neutral Britain Climate Fund™, Tailored Image Ltd has offset its total carbon emissions through internationally certified carbon offsetting projects.

Certified via the Verra - Verified Carbon Standard (VCS), the Gold Standard - Voluntary Emission Reductions (VER) or the United Nations - Certified Emission Reductions (CER) programmes, the projects have also been selected based on their direct and indirect impact around the world - not just in offsetting, but also in supporting education, employment and clean water, as well as having net positive impact on the local wildlife and ecology.

As the three largest, and most regulated voluntary offsetting standards used by organisations and even countries in their emissions reductions - all measurements and tonnes of CO2e offset are accurate, and verified.

Tailored Image has a firm commitment to developing our wider ESG strategy and are actively engaged with sustainability professionals to develop best in market solutions. The company also carries out benchmarking exercises to stay ahead of current industry standards.

This report was approved by the board of directors on 21 May 2026 and signed on behalf of the board by:

Brendan Birt

Director

Bernard Birt

Director

Tailored Image Ltd

Directors report

Year ended 31 December 2025

The directors present their report and the financial statements of the company for the year ended 31 December 2025.

Directors

The directors who served the company during the year were as follows:

Cecilia Birt

Brendan Birt

Bernard Birt

Peter Donnelly

Dividends

Particulars of recommended dividends are detailed in note 12 to the financial statements.

Future developments

The directors recognise the competitive environment in which the company operates. The company's strategy is to continue delivering sustainable growth by identifying opportunities aligned with the key sectors in which it operates.

The company will continue to promote and utilise the advantages available under the Windsor Framework. This unique position is expected to support the company in attracting new customers and expanding into new markets.

The directors intend to continue strengthening the company's market presence by remaining focused on design-led solutions, quality, customer service and long-term customer relationships. The company will also continue to promote and embed its core values of "Commit, Care, Own and Respect" throughout the business.

Financial instruments

The directors seek to minimise the financial risks to which the company is exposed and have implemented policies to manage these risks. The principal financial risks faced by the company are interest rate risk and foreign exchange risk.

The company has both Euro-denominated receipts and payments and, where possible, seeks to match these inflows and outflows in order to reduce exposure to currency fluctuations. The company also uses foreign exchange forward contracts, where appropriate, to manage foreign currency risk.

Research and development

The company remains committed to investment in research and development to support future performance, profitability and operational efficiency.

As a full-service provider, from design through to delivery, the company dedicates significant human and financial resources to the development of value-added and innovative solutions. These initiatives are focused on improving product quality, enhancing process efficiency and delivering benefits across the supply chain.

The company's ongoing relationships with its fabric and manufacturing partners also support continued innovation and help maintain its position as a design-led provider of corporate clothing solutions within a competitive marketplace.

Directors responsibilities statement

The directors are responsible for preparing the strategic report, directors report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgments and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.

The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.

This report was approved by the board of directors on 21 May 2026 and signed on behalf of the board by:

Brendan Birt Bernard Birt

Director Director

Tailored Image Ltd

Independent auditor's report to the members of

Tailored Image Ltd

Year ended 31 December 2025

Opinion

We have audited the financial statements of Tailored Image Ltd (the 'company') for the year ended 31 December 2025 which comprise the statement of income and retained earnings, statement of financial position, statement of cash flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: - give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and the returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Our approach was as follows: We obtained an understanding of the legal and regulatory frameworks that are applicable to the entity and determined that the most significant are those that relate to the Companies Act 2006 and compliance with FRS102 and laws; and we assessed the risks of material misstatement in respect of fraud with the consideration of the company's own assessment of the risks that irregularities may occur either because of fraud or error; the results of our enquiries of management about their own identification and assessment of the risks of irregularities; any matters we identified having obtained and reviewed the company's documentation of their policies and procedures relating to identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance; detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations; and the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. Based on the results of our risk assessment we designed our audit procedures to identify non-compliance with such laws and regulations identified above, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in the areas in which management is required to exercise significant judgment, such as disclosure of adjusting items. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override; we also obtained an understanding of the legal and regulatory framework that the company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included UK Companies Act and tax legislation; and in addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty. These included data protection, employment and health and safety regulations. Audit procedures designed to respond to the risks of fraud: We considered the risk of fraud through management override and, in response, we incorporated testing of manual journal entries into our audit approach. We considered the risk of fraud through transactions outside the normal course of transactions by noting anything that was unusual in nature or size and enquired about such transaction to gain an understanding of their nature; based on the results of our risk assessment we designed our audit procedures to identify and to address material misstatements in relation to fraud and other irregularities; extent of audit procedures; and we evaluated the selection and application of accounting policies by the company, particularly those related to subjective measurements and complex transactions, that may be indicative of fraudulent financial reporting. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditors report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Conor McCaffrey (Senior Statutory Auditor)

For and on behalf of

Hill Vellacott

Chartered Accountants and Registered Auditor

22 Great Victoria Street

Belfast

BT2 7BA

21 May 2026

Tailored Image Ltd

Statement of income and retained earnings

Year ended 31 December 2025

		2025	2024
	Note	£	£


Turnover	4	20,796,629	16,706,561
Cost of sales		( 16,212,872)	( 13,310,203)
		_______	_______
Gross profit		4,583,757	3,396,358

Administrative expenses		( 3,229,334)	( 2,207,453)
Other operating income	5	56,250	-
		_______	_______
Operating profit	6	1,410,673	1,188,905

Other interest receivable and similar income	9	14,783	366
Interest payable and similar expenses	10	( 81,860)	( 69,846)
		_______	_______
Profit before taxation		1,343,596	1,119,425

Tax on profit	11	( 305,318)	( 434,745)
		_______	_______
Profit for the financial year and total comprehensive income		1,038,278	684,680
		_______	_______

Dividends declared and paid or payable during the year	12	( 371,226)	( 267,244)

Retained earnings at the start of the year		4,312,164	3,894,728
		_______	_______
Retained earnings at the end of the year		4,979,216	4,312,164
		_______	_______

All the activities of the company are from continuing operations.

Tailored Image Ltd

Statement of financial position

31 December 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	13	30,265		225,938
Tangible assets	14	529,397		408,779
Investments	15	84		84
		_______		_______
			559,746		634,801

Current assets
Stocks	16	5,826,021		4,159,465
Debtors	17	6,465,561		4,763,694
Cash at bank and in hand		3,077,170		1,458,593
		_______		_______
		15,368,752		10,381,752
Creditors: amounts falling due
within one year	18	( 8,396,993)		( 6,524,173)
		_______		_______
Net current assets			6,971,759		3,857,579
			_______		_______
Total assets less current liabilities			7,531,505		4,492,380

Creditors: amounts falling due
after more than one year	19		( 2,478,470)		-

Provisions for liabilities	21		( 67,843)		( 174,240)

			_______		_______
Net assets			4,985,192		4,318,140
			_______		_______

Capital and reserves
Called up share capital	25		300		300
Share premium account	26		5,676		5,676
Profit and loss account	26		4,979,216		4,312,164
			_______		_______
Shareholders funds			4,985,192		4,318,140
			_______		_______

These financial statements were approved by the board of directors and authorised for issue on 21 May 2026 , and are signed on behalf of the board by:

Brendan Birt Bernard Birt

Director Director

Company registration number: NI034580

Tailored Image Ltd

Statement of cash flows

Year ended 31 December 2025

	2025	2024
	£	£

Cash flows from operating activities
Profit for the financial year	1,038,278	684,680

Adjustments for:
Depreciation of tangible assets	122,259	159,527
Amortisation of intangible assets	8,699	11,199
Impairment (reversal of) intangible assets	186,974	-
Government grant income	( 56,250)	-
Other interest receivable and similar income	( 14,783)	( 366)
Interest payable and similar expenses	81,860	69,846
Tax on profit	305,318	434,745
Accrued expenses/(income)	293,324	38,979

Changes in:
Stocks	( 1,666,556)	17,832
Trade and other debtors	( 1,701,867)	( 1,476,899)
Trade and other creditors	4,613,592	1,248,706
Provisions and employee benefits	( 86,816)	61,816
	_______	_______
Cash generated from operations	3,124,032	1,250,065

Interest paid	( 81,860)	( 69,846)
Interest received	14,783	366
Tax paid	( 271,865)	( 193,117)
	_______	_______
Net cash from operating activities	2,785,090	987,468
	_______	_______

Cash flows from investing activities
Purchase of tangible assets	( 242,877)	( 202,809)
Purchase of intangible assets	-	( 7,980)
	_______	_______
Net cash used in investing activities	( 242,877)	( 210,789)
	_______	_______

Cash flows from financing activities
Proceeds from borrowings	-	1,068,044
Repayments of borrowings	( 714,764)	( 1,173,025)
Proceeds from loans from group undertakings	91,704	8,251
Government grant income	56,250	-
Payment of finance lease liabilities	14,400	-
Equity dividends paid	( 371,226)	( 267,244)
	_______	_______
Net cash used in financing activities	( 923,636)	( 363,974)
	_______	_______



Net increase/(decrease) in cash and cash equivalents	1,618,577	412,705
Cash and cash equivalents at beginning of year	1,458,593	1,045,888
	_______	_______
Cash and cash equivalents at end of year	3,077,170	1,458,593
	_______	_______

Tailored Image Ltd

Notes to the financial statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Tailored Image Limited, Unit 3 Granville Industrial Estate, Dungannon, Co. Tyrone, BT70 1NJ. The principal activity of the company is the supplying of uniforms and promotional clothing.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, '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.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts recorded.These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.Significant judgementsThere are no significant judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies.Key sources of estimation uncertaintyAccounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual income. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next year are as follows:StockStock is stated at the lower of cost and net realisable value and management have to estimate the net realisable value of the stock to recognise any impairment. Stock is stated at £5,826,021 (2024: £4,054,049).

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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to profit or loss.

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.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

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:


Leasehold improvements	-	20 %	straight line
Plant and machinery	-	25 %	reducing balance
Fittings fixtures and equipment	-	25 %	reducing balance
Motor vehicles	-	25 %	reducing balance
Software and licenses	-	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.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

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.

Hire purchase and finance leases

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

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. Turnover

Turnover arises from:

	2025	2024
	£	£
Sale of goods	20,796,629	16,706,561
	_______	_______

The split of UK and ROI sales has not been provided as the directors feel this is commercially sensitive information and do not wish to disclose.

5. Other operating income

	2025	2024
	£	£
Government grant income	56,250	-
	_______	_______

6. Operating profit

Operating profit is stated after charging/(crediting):

		2025	2024
		£	£
Amortisation of intangible assets		8,699	11,199
Depreciation of tangible assets		122,259	159,527
Impairment of intangible assets recognised in:
	Administrative expenses	186,774	-
Impairment of trade debtors		(14,155)	16,449
Operating lease rentals		64,789	62,170
Foreign exchange differences		318,199	( 141,312)
Fees payable for the audit of the financial statements		8,900	8,800
		_______	_______

7. Staff costs

The average number of persons employed by the company during the year, including the directors, amounted to:

	2025	2024
Production staff	99	90
Administrative staff	15	15
	_______	_______
	114	105
	_______	_______

The aggregate payroll costs incurred during the year were:

	2025	2024
	£	£
Wages and salaries	3,253,805	2,723,910
Social security costs	377,604	253,395
Other pension costs	427,581	210,765
	_______	_______
	4,058,990	3,188,070
	_______	_______

8. Directors remuneration

The directors aggregate remuneration in respect of qualifying services was:

	2025	2024
	£	£
Remuneration	98,741	71,306
Company contributions to pension schemes in respect of qualifying services	326,365	124,500
	_______	_______
	425,106	195,806
	_______	_______

9. Other interest receivable and similar income

	2025	2024
	£	£
Bank deposits	14,783	366
	_______	_______

10. Interest payable and similar expenses

		2025	2024
		£	£
Bank loans and overdrafts		61,677	17,642
Other loans made to the company:
	Finance leases and hire purchase contracts	246	-
	Factoring loans	19,937	38,836
Other interest payable and similar expenses		-	13,368
		_______	_______
		81,860	69,846
		_______	_______

11. Tax on profit

Major components of tax expense

	2025	2024
	£	£
Current tax:
UK current tax expense	421,487	272,258
Adjustments in respect of previous periods	( 96,588)	94,822
	_______	_______

Deferred tax:
Origination and reversal of timing differences	( 19,581)	67,665
	_______	_______
Tax on profit	305,318	434,745
	_______	_______

Reconciliation of tax expense

The tax assessed on the profit for the year is lower than (2024: higher than) the standard rate of corporation tax in the UK of 25.00 % (2024: 25.00%).

	2025	2024
	£	£
Profit before taxation	1,343,596	1,119,425
	_______	_______

Profit multiplied by rate of tax	335,899	279,856
Adjustments in respect of prior periods	( 96,588)	94,822
Effect of expenses not deductible for tax purposes	47,194	( 5,424)
Effect of capital allowances and depreciation	38,395	( 2,174)
Deferred tax	( 19,582)	67,665
	_______	_______
Tax on profit	305,318	434,745
	_______	_______

12. Dividends

Equity dividends

	2025	2024
	£	£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year)	371,226	267,244
	_______	_______

13. Intangible assets

	Software and licenses	Total
	£	£
Cost
At 1 January 2025 and 31 December 2025	307,677	307,677
	_______	_______
Amortisation
At 1 January 2025	81,739	81,739
Charge for the year	8,699	8,699
Impairment losses	186,974	186,974
	_______	_______
At 31 December 2025	277,412	277,412
	_______	_______
Carrying amount
At 31 December 2025	30,265	30,265
	_______	_______
At 31 December 2024	225,938	225,938
	_______	_______

14. Tangible assets

	Short leasehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 January 2025	233,302	343,956	391,528	78,220	1,047,006
Additions	117,056	82,321	22,000	21,500	242,877
Disposals	( 58,534)	-	-	-	( 58,534)
	_______	_______	_______	_______	_______
At 31 December 2025	291,824	426,277	413,528	99,720	1,231,349
	_______	_______	_______	_______	_______
Depreciation
At 1 January 2025	97,233	199,453	300,925	40,616	638,227
Charge for the year	49,283	39,026	23,407	10,543	122,259
Disposals	( 58,534)	-	-	-	( 58,534)
	_______	_______	_______	_______	_______
At 31 December 2025	87,982	238,479	324,332	51,159	701,952
	_______	_______	_______	_______	_______
Carrying amount
At 31 December 2025	203,842	187,798	89,196	48,561	529,397
	_______	_______	_______	_______	_______
At 31 December 2024	136,069	144,503	90,603	37,604	408,779
	_______	_______	_______	_______	_______

Obligations under finance leases

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:


		Motor vehicles
		£
	At 31 December 2025	19,352
		_______
	At 31 December 2024	-
		_______

15. Investments

	Shares in group undertakings	Total
	£	£
Cost
At 1 January 2025 and 31 December 2025	84	84
	_______	_______
Impairment
At 1 January 2025 and 31 December 2025	-	-
	_______	_______
Carrying amount
At 31 December 2025	84	84
	_______	_______
At 31 December 2024	84	84
	_______	_______

16. Stocks

	2025	2024
	£	£
Raw materials	96,163	105,416
Finished goods	5,729,858	4,054,049
	_______	_______
	5,826,021	4,159,465
	_______	_______

17. Debtors

	2025	2024
	£	£
Trade debtors	2,808,997	3,732,580
Prepayments and accrued income	565,538	453,923
Derivative financial assets	-	93,415
Other debtors	3,091,026	483,776
	_______	_______
	6,465,561	4,763,694
	_______	_______

18. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	156,250	871,014
Trade creditors	3,138,566	1,899,426
Amounts owed to group undertakings	210,739	119,035
Accruals and deferred income	475,908	182,584
Corporation tax	421,825	368,791
Social security and other taxes	242,025	396,425
Obligations under finance leases	6,139	-
Derivative financial liability	55,086	-
Other creditors	3,690,455	2,686,898
	_______	_______
	8,396,993	6,524,173
	_______	_______

The bank overdraft and loans are secured on the following: Fixed & floating charge where floating charge covers all the property or undertaking of the company.

19. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Obligations under finance leases	8,261	-
Other creditors	2,470,209	-
	_______	_______
	2,478,470	-
	_______	_______

20. Obligations under finance leases

Company lessee

The total future minimum lease payments under finance lease agreements are as follows:

	2025	2024
	£	£
Not later than 1 year	6,139	-
Later than 1 year and not later than 5 years	8,261	-
	_______	_______
	14,400	-
	_______	_______
Present value of minimum lease payments	14,400	-
	_______	_______

21. Provisions

	Dilapidations	Deferred tax (note 22)	Total
	£	£	£
At 1 January 2025	86,816	87,424	174,240
Additions	-	( 19,581)	( 19,581)
Charges against provisions	( 86,816)	-	( 86,816)
	_______	_______	_______
At 31 December 2025	-	67,843	67,843
	_______	_______	_______

22. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 21)	67,843	87,424
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	113,311	87,424
Pension plan obligations	( 45,468)	-
	_______	_______
	67,843	87,424
	_______	_______

23. Employee benefits

The amount recognised in profit or loss in relation to defined contribution plans was £ 427,581 (2024: £ 210,765 ).

24. Government grants

The amounts recognised in the financial statements for government grants are as follows:

	2025	2024
	£	£
Recognised in other operating income:
Government grants recognised directly in income	56,250	-
	_______	_______

25. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary A shares shares of £ 1.00 each	285	285	285	285
Ordinary B shares shares of £ 1.00 each	15	15	15	15
	_______	_______	_______	_______
	300	300	300	300
	_______	_______	_______	_______

26. Reserves

Share premium account:This reserve records the amount above the nominal value received for shares sold, less transaction costs.Capital redemption reserve:This reserve records the nominal value of shares repurchased by the company.Profit and loss account:This reserve records retained earnings and accumulated losses.

27. Analysis of changes in net debt

	At 1 January 2025	Cash flows	At 31 December 2025
	£	£	£
Cash and cash equivalents	1,458,593	1,618,577	3,077,170
Debt due within one year	(990,049)	616,921	(373,128)
Debt due after one year	-	(8,261)	(8,261)
	_______	_______	_______
	468,544	2,227,237	2,695,781
	_______	_______	_______

28. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	292,293	254,795
Later than 1 year and not later than 5 years	766,152	557,542
Later than 5 years	360,000	-
	_______	_______
	1,418,445	812,337
	_______	_______

29. Limitation of auditors liability

The company has entered into a liability limitation agreement with the company's auditor which was approved on 8 January 2026. The principal terms of the agreement are that the auditor's liability is limited to a multiple of the audit fee issued and paid for the year, but the multiple cannot be less than such amount as is fair and reasonable.

30. Related party transactions

Tailored Image Holdings Ltd owns 100% of the shares within Tailored Image Ltd . During the year the company paid dividends of £371,226 (2024: £267,244) to Tailored Image Holdings Ltd and repaid £279,552 (2024: £258,993). At the balance sheet date the company owed Tailored Image Holdings Ltd £210,739 (2024: £119,035). Tailored Image Ltd owns 100% of the shares within Tailored Image Ireland Ltd. At the balance sheet date the company owed Tailored Image Ireland Ltd £84 (2024: £84).

31. Controlling party

The ultimate controlling parent is Tailored Image Holdings Ltd.Registered office:Unit 3 Granville Industrial Estate, Dungannon, Northern Ireland, BT70 1NJ .