REGISTERED NUMBER: 10987888 (England and Wales)

Unaudited Financial Statements

For The Year Ended 30 September 2025

for

The Wool Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H Mayman

S Mayman

SECRETARY:

H Mayman

REGISTERED OFFICE:

Higher Hill Farm

Cardinham

Bodmin

Cornwall

PL30 4EG

BUSINESS ADDRESS:

9B Callywith Gate Industrial Estate

Launceston Road

Bodmin

Cornwall

PL31 2RQ

REGISTERED NUMBER:

10987888 (England and Wales)

ACCOUNTANTS:

TC Bromhead Limited

Harscombe House

1 Darklake View

Plymouth

Devon

PL6 7TL

FIXED ASSETS

Intangible assets

4

21,660

32,014

Tangible assets

5

26,245

21,969

47,905

53,983

CURRENT ASSETS

Stocks

197,889

244,684

Debtors

6

83,087

62,353

Cash at bank

15,349

149

296,325

307,186

CREDITORS

Amounts falling due within one year

7

386,532

325,552

NET CURRENT LIABILITIES

(90,207

)

(18,366

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(42,302

)

35,617

CREDITORS

Amounts falling due after more than one year

8

(22,740

)

(28,588

)

PROVISIONS FOR LIABILITIES

-

(5,681

)

NET (LIABILITIES)/ASSETS

(65,042

)

1,348

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(66,042

)

348

(65,042

)

1,348

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 18 May 2026 and were signed on its behalf by:

H Mayman - Director

S Mayman - Director

1.	STATUTORY INFORMATION

The Wool Company 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Website costs

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.

Website costs 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 etc

-

15% 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.

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.

Hire purchase and leasing commitments

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 October 2024

and 30 September 2025

22,600

80,935

103,535

AMORTISATION

At 1 October 2024

15,632

55,889

71,521

Charge for year

2,260

8,094

10,354

At 30 September 2025

17,892

63,983

81,875

NET BOOK VALUE

At 30 September 2025

4,708

16,952

21,660

At 30 September 2024

6,968

25,046

32,014

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2024

47,441

Additions

8,081

At 30 September 2025

55,522

DEPRECIATION

At 1 October 2024

25,472

Charge for year

3,805

At 30 September 2025

29,277

NET BOOK VALUE

At 30 September 2025

26,245

At 30 September 2024

21,969

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Other debtors

83,087

62,353

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans and overdrafts

56,084

49,685

Trade creditors

120,552

141,033

Taxation and social security

31,432

32,342

Other creditors

178,464

102,492

386,532

325,552

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans

22,740

28,588

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

4,288

9.	LEASING AGREEMENTS

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

30.9.25

30.9.24

£

£

Within one year

3,664

-

Between one and five years

305

-

3,969

-

10.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.25

30.9.24

£

£

Bank overdrafts

50,235

43,981

The bank overdraft is secured by a debenture and fixed floating charge over the company's assets and over a property owned by the directors.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2025 and 30 September 2024:

30.9.25

30.9.24

£

£

H Mayman and S Mayman

Balance outstanding at start of year

7,709

-

Amounts advanced

59,388

44,582

Amounts repaid

(50,079

)

(36,873

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

17,018

7,709

The loan is interest free and repayable on demand.

12.	GOING CONCERN

Whilst the balance sheet is showing an overdrawn position the directors have made numerous changes to operations since the year end, which has resulted in the monthly management accounts showing the company has returned to a profit generating entity. Therefore the directors are confident that the company is a going concern.