London Cloth Company Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07799149

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		69,771		55,970

			69,771		55,970
CURRENT ASSETS
Stocks	5	43,099		36,866
Debtors	6	16,044		9,951
Cash at bank and in hand		5,486		157

		64,629		46,974
Creditors: Amounts Falling Due Within One Year	7	(135,991 )		(117,176 )

NET CURRENT ASSETS (LIABILITIES)			(71,362 )		(70,202 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(1,591 )		(14,232 )

Creditors: Amounts Falling Due After More Than One Year	8		(13,123 )		(14,720 )

NET LIABILITIES			(14,714 )		(28,952 )

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			(14,715 )		(28,953 )

SHAREHOLDERS' FUNDS			(14,714)		(28,952)

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London Cloth Company Limited

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Christopher Harris

Director

02/06/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

London Cloth Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07799149 . The registered office is 29 The Green, Winchmore Hill, London, N21 1HS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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:

Leasehold	5% on reducing balance
Plant & Machinery	10% on reducing balance
Computer Equipment	25% on reducing balance

2.5. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

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London Cloth Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 November 2024	38,591	39,726	886	79,203
Additions	8,881	9,948	-	18,829
Disposals	-	(100 )	-	(100 )

As at 31 October 2025	47,472	49,574	886	97,932

Depreciation
As at 1 November 2024	1,915	20,692	626	23,233
Provided during the period	2,199	2,687	142	5,028
Disposals	-	(100 )	-	(100 )

As at 31 October 2025	4,114	23,279	768	28,161

Net Book Value
As at 31 October 2025	43,358	26,295	118	69,771

As at 1 November 2024	36,676	19,034	260	55,970

5. Stocks

	2025	2024
	£	£
Stock	43,099	36,866

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	14,147	9,951
Net wages	1,897	-

	16,044	9,951

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	2,810	2,419
Other taxes and social security	4,400	747
VAT	4,335	-
Net wages	-	1,673
Pension payable	128	128
Director's loan account	124,318	112,209

	135,991	117,176

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London Cloth Company Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

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

	2025	2024
	£	£
Bank loans	3,123	4,720
Other creditors	10,000	10,000

	13,123	14,720

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

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