REGISTERED NUMBER: 02405440 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

SEQUEL GLITTER FABRICS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S C Hewitt

T W Hewitt

A S Johnson

SECRETARY:

S C Hewitt

REGISTERED OFFICE:

Unit A

Chartwell Buildings

Manor Road, Southbourne

Emsworth

Hampshire

PO10 8NX

REGISTERED NUMBER:

02405440 (England and Wales)

ACCOUNTANTS:

Lewis Brownlee (Chichester) Limited

Chartered Accountants

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

SOLICITORS:

Irwin Mitchell

Thomas Eggar House

Friary Lane

Chichester

West Sussex

PO19 1GE

FIXED ASSETS

Intangible assets

4

2,528

322

Tangible assets

5

31,446

39,308

33,974

39,630

CURRENT ASSETS

Stocks

316,233

332,102

Debtors

6

96,870

110,179

Prepayments and accrued income

14,144

5,503

Cash at bank and in hand

745,553

829,345

1,172,800

1,277,129

CREDITORS

Amounts falling due within one year

7

36,777

33,370

NET CURRENT ASSETS

1,136,023

1,243,759

TOTAL ASSETS LESS CURRENT LIABILITIES

1,169,997

1,283,389

ACCRUALS AND DEFERRED INCOME

8,320

6,822

NET ASSETS

1,161,677

1,276,567

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,161,577

1,276,467

SHAREHOLDERS' FUNDS

1,161,677

1,276,567

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2026 and were signed on its behalf by:

A S Johnson - Director

1.	STATUTORY INFORMATION

Sequel Glitter Fabrics Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The financial statements are presented in sterling (£), which is also the functional currency of the company.

The figures are rounded to the nearest pound.

Revenue

Revenue, described as turnover, is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:

-

the company has transferred to the buyer the significant risks and rewards of ownership of the goods;

-

the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

-

the amount of revenue can be measured reliably;

-

it is probable that the economic benefits associated with the transaction will flow to the company; and

-

the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when the goods are delivered, and legal title has passed.

Intangible assets

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.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial instruments are classified by the director as basic or advanced following the conditions in FRS102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method, unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Leasing commitments

Rentals paid under operating leases are charged to the profit and loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2025

740

Additions

2,809

Disposals

(740

)

At 31 December 2025

2,809

AMORTISATION

At 1 January 2025

418

Charge for year

281

Eliminated on disposal

(418

)

At 31 December 2025

281

NET BOOK VALUE

At 31 December 2025

2,528

At 31 December 2024

322

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

Totals

£

£

£

£

COST

At 1 January 2025

and 31 December 2025

1,758

184,594

9,615

195,967

DEPRECIATION

At 1 January 2025

1,758

147,144

7,757

156,659

Charge for year

-

7,490

372

7,862

At 31 December 2025

1,758

154,634

8,129

164,521

NET BOOK VALUE

At 31 December 2025

-

29,960

1,486

31,446

At 31 December 2024

-

37,450

1,858

39,308

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

73,306

85,165

Other debtors

23,564

25,014

96,870

110,179

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

25,469

23,257

Taxation and social security

11,308

10,113

36,777

33,370

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

-

45,000

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

2025

2024

£

£

A S Johnson

Balance outstanding at start of year

8,500

10,000

Amounts advanced

350

-

Amounts repaid

(1,800

)

(1,500

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

7,050

8,500

No interest has been charged on the above loan and there is no fixed term of repayment.