REGISTERED NUMBER: 05222260 (England and Wales)

Financial Statements

for the Year Ended

30 September 2025

for

Wear UK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R J Barnie

SECRETARY:

Mrs D Renwick-Barnie

REGISTERED OFFICE:

46/48 Long Street

Middleton

Manchester

M24 6UQ

REGISTERED NUMBER:

05222260 (England and Wales)

ACCOUNTANTS:

Archwood Accountants

Archwood House

46-48 Long Street

Middleton

Manchester

M24 6UQ

FIXED ASSETS

Property, plant and equipment

4

412

361

CURRENT ASSETS

Inventories

5

134,500

137,000

Debtors

6

3,742

564

Cash at bank

1

145

138,243

137,709

CREDITORS

Amounts falling due within one year

7

133,633

110,395

NET CURRENT ASSETS

4,610

27,314

TOTAL ASSETS LESS CURRENT LIABILITIES

5,022

27,675

CREDITORS

Amounts falling due after more than one year

8

-

(9,692

)

PROVISIONS FOR LIABILITIES

(78

)

(69

)

NET ASSETS

4,944

17,914

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

4,940

17,910

4,944

17,914

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 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 22 June 2026 and were signed by:

R J Barnie - Director

1.	STATUTORY INFORMATION

Wear UK 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

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

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Stocks

Inventories 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.

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 2 (2024 - 4 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 October 2024

129

295

424

Additions

125

-

125

At 30 September 2025

254

295

549

DEPRECIATION

At 1 October 2024

19

44

63

Charge for year

36

38

74

At 30 September 2025

55

82

137

NET BOOK VALUE

At 30 September 2025

199

213

412

At 30 September 2024

110

251

361

5.	INVENTORIES

30.9.25

30.9.24

£

£

Stocks

134,500

137,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Other debtors

465

465

VAT

3,277

-

Prepayments and accrued income

-

99

3,742

564

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans and overdrafts

99,667

95,459

Trade creditors

956

872

Tax

658

6,986

Social security and other taxes

19,078

4,527

Other creditors

11,543

-

Directors' current accounts

81

961

Accrued expenses

1,650

1,590

133,633

110,395

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans - 1-2 years

-

9,692

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.25

30.9.24

£

£

Bank overdrafts

89,975

85,204

The overdraft is secured by way of a fixed and floating charge over the undertaking and all of its assets in favour of HSBC Bank plc.