REGISTERED NUMBER: 08399497 (England and Wales)

Unaudited Financial Statements

FOR THE YEAR ENDED

30th September 2025

for

VELOCITY WORKWEAR LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Gilmore

REGISTERED OFFICE:

124 City Road

London

EC1V 2NX

REGISTERED NUMBER:

08399497 (England and Wales)

ACCOUNTANTS:

M.B.McGrady & Co

Chartered Accountants

27 Frances Street

Newtownards

County Down

BT23 7DW

FIXED ASSETS

Tangible assets

4

138,707

118,722

CURRENT ASSETS

Stocks

1,048,041

993,493

Debtors

5

603,624

860,737

Cash at bank

73,077

29,339

1,724,742

1,883,569

CREDITORS

Amounts falling due within one year

6

747,273

828,187

NET CURRENT ASSETS

977,469

1,055,382

TOTAL ASSETS LESS CURRENT LIABILITIES

1,116,176

1,174,104

CREDITORS

Amounts falling due after more than one year

7

640,336

360,669

NET ASSETS

475,840

813,435

CAPITAL AND RESERVES

Called up share capital

9

10

10

Retained earnings

475,830

813,425

SHAREHOLDERS' FUNDS

475,840

813,435

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8th June 2026 and were signed by:

A Gilmore - Director

1.	STATUTORY INFORMATION

Velocity Workwear Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 stated net of trade discounts, rebates, value added tax and other similar taxes and derives from the provision of goods and services falling within the company's ordinary activities. Turnover on the sale of goods is recognised when the company has transferred the significant risks and rewards of ownership in the goods, which usually takes place when the goods are physically delivered to the buyer.

Tangible fixed assets

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

Freehold property

-

10% on cost

Plant and machinery

-

10% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

All tangible fixed assets are initially recorded at historic cost. This includes legal fees, stamp duty and other non-refundable purchase taxes, and also any costs 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, which includes the cost of site preparation, initial delivery and handling, installation and assembly, and testing of functionality.

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 Income Statement, 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.

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.

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 3 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st October 2024

34,572

120,136

154,708

Additions

-

68,826

68,826

At 30th September 2025

34,572

188,962

223,534

DEPRECIATION

At 1st October 2024

11,033

24,953

35,986

Charge for year

5,754

43,087

48,841

At 30th September 2025

16,787

68,040

84,827

NET BOOK VALUE

At 30th September 2025

17,785

120,922

138,707

At 30th September 2024

23,539

95,183

118,722

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

443,427

84,182

Amounts owed by group undertakings

157,850

770,811

Other debtors

2,347

5,744

603,624

860,737

The amounts owed by group undertaking relate to an interest free loan of £157,850 (2024: £770,811), made to the holding company BAM Investire Limited.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

216,428

175,644

Trade creditors

352,737

241,114

Taxation and social security

149,701

327,577

Other creditors

28,407

83,852

747,273

828,187

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

625,893

344,012

Other creditors

14,443

16,657

640,336

360,669

Amounts falling due in more than five years:

Repayable by instalments

Bank Loan - due after 5 years

60,175

-

8.	SECURED DEBTS

Danske Bank hold a fixed and floating charge over the Company's assets and undertakings as security against the bank loans and overdraft.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary shares

0.10

10

10

10.	ULTIMATE CONTROLLING PARTY

Velocity Workwear Limited is a wholly owned subsidiary of BAM Investire Limited.

The ultimate controlling party is Tool Monster Ltd.