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Registered number: 01471387
ANDERSON & SHEPPARD LIMITED
ANNUAL REPORT
FOR THE YEAR ENDED 31 JANUARY 2026
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ANDERSON & SHEPPARD LIMITED
Company Information
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Chartered Accountants & Statutory Auditor
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ANDERSON & SHEPPARD LIMITED
Registered number: 01471387
Balance sheet
As at 31 January 2026
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 June 2026.
The notes on pages 2 to 11 form part of these financial statements.
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ANDERSON & SHEPPARD LIMITED
Notes to the financial statements
For the Year Ended 31 January 2026
Anderson & Sheppard Limited is a private company limited by share capital, incorporated in England and Wales, registration number 01471387. The address of the registered office is 32 Old Burlington Street, London, W1S 3AT.
The principal activity for the company during the year was that of bespoke tailoring and selling ready to wear trousers, knitwear and accessories.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
The following principal accounting policies have been applied:
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ANDERSON & SHEPPARD LIMITED
Notes to the financial statements
For the Year Ended 31 January 2026
2.Accounting policies (continued)
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:
Sale of goods
Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
∙the Company has transferred the significant risks and rewards of ownership to the buyer;
∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
∙the amount of turnover can be measured reliably;
∙it is probable that the Company will receive the consideration due under the transaction; and
∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Rendering of services
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
∙the amount of turnover can be measured reliably;
∙it is probable that the Company will receive the consideration due under the contract;
∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and
∙the costs incurred and the costs to complete the contract can be measured reliably.
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
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ANDERSON & SHEPPARD LIMITED
Notes to the financial statements
For the Year Ended 31 January 2026
2.Accounting policies (continued)
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Tangible fixed assets (continued)
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Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
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over the life of the lease
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33% straight line per annum
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The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
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ANDERSON & SHEPPARD LIMITED
Notes to the financial statements
For the Year Ended 31 January 2026
2.Accounting policies (continued)
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.
Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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ANDERSON & SHEPPARD LIMITED
Notes to the financial statements
For the Year Ended 31 January 2026
2.Accounting policies (continued)
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Foreign currency translation
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Functional and presentation currency
The Company's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Profit and loss account.
Finance costs are charged to the Profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.
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Operating leases: the Company as lessee
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Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.
A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.
Interest income is recognised in the profit and loss account using the effective interest method.
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ANDERSON & SHEPPARD LIMITED
Notes to the financial statements
For the Year Ended 31 January 2026
2.Accounting policies (continued)
All borrowing costd are recognised in profit or loss in the year in which they are incurred.
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The average monthly number of employees, including directors, during the year was 34 (2025 - 36).
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Website development and software
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Charge for the year on owned assets
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ANDERSON & SHEPPARD LIMITED
Notes to the financial statements
For the Year Ended 31 January 2026
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Charge for the year on owned assets
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ANDERSON & SHEPPARD LIMITED
Notes to the financial statements
For the Year Ended 31 January 2026
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Raw materials and consumables
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Finished goods and goods for resale
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Prepayments and accrued income
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Cash and cash equivalents
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ANDERSON & SHEPPARD LIMITED
Notes to the financial statements
For the Year Ended 31 January 2026
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Creditors: Amounts falling due within one year
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Loan from group undertaking
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Other taxation and social security
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Accruals and deferred income
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Creditors: Amounts falling due after more than one year
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Loan from group undertaking
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Allotted, called up and fully paid
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200 (2025 - 200) Ordinary shares of £1.00 each
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Commitments under operating leases
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At 31 January 2026 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
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Later than 1 year and not later than 5 years
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ANDERSON & SHEPPARD LIMITED
Notes to the financial statements
For the Year Ended 31 January 2026
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Related party transactions
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Amounts owed to group undertaking (see note 11) represents a loan from Anderson & Sheppard Holdings Limited (UK) (2025: a loan from Anderson & Sheppard Holdings Limited (IoM)), the ultimate controlling party. The loan is subject to interest at 2.5% per annum of which £2,616 was paid to Anderson & Sheppard Holdings Limited (UK) and £15,065 was paid to Anderson & Sheppard Holdings Limited (IoM) (2025: £18,832 paid to Anderson & Sheppard Limited (IoM). The loan is repayable by 30 September 2026.
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The ultimate parent company is considered to be Anderson & Sheppard Holdings Limted, a company incorporated in England.
The auditor's report on the financial statements for the year ended 31 January 2026 was unqualified.
The audit report was signed on 15 June 2026 by Andrew Burch (Senior statutory auditor) on behalf of Sayers Butterworth LLP.
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