Uniform Schoolwear Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Uniform Schoolwear Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05058705 . The registered office is Wesley House, Carr Crofts Drive, Leeds, LS12 3AL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised on delivery. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Computer software is being amortised evenly over its estimated useful life of five years

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% straight line
Fixtures & Fittings	25% straight line
Computer Equipment	25% straight line

2.5. Leasing and Hire Purchase Contracts

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. 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.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit and loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

The following assets and liabilities are classified as basic financial instruments - trade debtors, other debtors, cash and bank balances, trade creditors, other creditors and bank loans are measured at the amortised cost equivalent to the undiscounted amount of cash or other consideration expected to be paid or received.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest and subsequently measured at amortised cost using the effective interest method.

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Uniform Schoolwear Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

2.8. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.9. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.10. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 25 (2024: 28)

4. Intangible Assets

	Development Costs
	£
Cost
As at 1 October 2024	181,211

As at 30 September 2025	181,211

Amortisation
As at 1 October 2024	181,211

As at 30 September 2025	181,211

Net Book Value
As at 30 September 2025	-

As at 1 October 2024	-

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Uniform Schoolwear Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

5. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 October 2024	31,796	394,997	214,473	641,266
Additions	-	218	5,173	5,391

As at 30 September 2025	31,796	395,215	219,646	646,657

Depreciation
As at 1 October 2024	30,281	304,716	176,364	511,361
Provided during the period	555	58,534	14,534	73,623

As at 30 September 2025	30,836	363,250	190,898	584,984

Net Book Value
As at 30 September 2025	960	31,965	28,748	61,673

As at 1 October 2024	1,515	90,281	38,109	129,905

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	184,446	278,174
Other debtors	911,117	577,458

	1,095,563	855,632

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1,045,759	788,067
Bank loans and overdrafts	69,770	174,572
Other creditors	171,935	156,125
Taxation and social security	84,685	135,133

	1,372,149	1,253,897

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	22,309	67,357

9. Secured Creditors

Of the creditors the following amounts are secured.

The bank overdraft and loans are secured by a fixed and floating charge over the assets of the company.

	2025		2024
	£		£
Bank loans and overdrafts	92,079		241,929

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Uniform Schoolwear Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2025

10. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
2 Ordinary A shares of £ 1.00 each	2	2
83,959 Ordinary B shares of £ 1.00 each	83,959	83,959

	83,961	83,961

11. Other Commitments

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

	2025	2024
	£	£
Not later than one year	102,280	126,040
Later than one year and not later than five years	10,183	102,593

	112,463	228,633

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		61,673		129,905

			61,673		129,905
CURRENT ASSETS
Stocks		2,319,861		2,340,891
Debtors	6	1,095,563		855,632

		3,415,424		3,196,523
Creditors: Amounts Falling Due Within One Year	7	(1,372,149 )		(1,253,897 )

NET CURRENT ASSETS (LIABILITIES)			2,043,275		1,942,626

TOTAL ASSETS LESS CURRENT LIABILITIES			2,104,948		2,072,531

Creditors: Amounts Falling Due After More Than One Year	8		(22,309 )		(67,357 )

NET ASSETS			2,082,639		2,005,174

CAPITAL AND RESERVES
Called up share capital	10		83,961		83,961
Profit and Loss Account			1,998,678		1,921,213

SHAREHOLDERS' FUNDS			2,082,639		2,005,174