REGISTERED NUMBER: 07659812 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Slate Clothing Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Aspey

Mrs G M Aspey

E G Aspey

REGISTERED OFFICE:

The Old Bake House

Kennel Lane

Broadway

Worcestershire

WR12 7DJ

REGISTERED NUMBER:

07659812 (England and Wales)

ACCOUNTANTS:

Attwoods

Chartered Certified Accountants

90-92 High Street

Evesham

Worcestershire

WR11 4EU

FIXED ASSETS

Intangible assets

4

1,314

1,343

Tangible assets

5

20,343

35,537

21,657

36,880

CURRENT ASSETS

Stocks

178,255

279,931

Debtors

33,925

46,391

Cash at bank and in hand

513,068

556,393

725,248

882,715

CREDITORS

Amounts falling due within one year

130,390

198,502

NET CURRENT ASSETS

594,858

684,213

TOTAL ASSETS LESS CURRENT LIABILITIES

616,515

721,093

PROVISIONS FOR LIABILITIES

5,086

8,884

NET ASSETS

611,429

712,209

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

610,429

711,209

SHAREHOLDERS' FUNDS

611,429

712,209

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 May 2026 and were signed on its behalf by:

J Aspey - Director

Mrs G M Aspey - Director

E G Aspey - Director

1.	STATUTORY INFORMATION

Slate Clothing 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.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

Intangible assets

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 Development are being amortised evenly over their estimated useful life of fifty years.

Tangible fixed assets

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

Land and buildings

-

10% on cost

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 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 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 20 (2024 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2025

45,960

Disposals

(25,000

)

At 31 December 2025

20,960

AMORTISATION

At 1 January 2025

44,617

Amortisation for year

29

Eliminated on disposal

(25,000

)

At 31 December 2025

19,646

NET BOOK VALUE

At 31 December 2025

1,314

At 31 December 2024

1,343

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2025

164,046

Additions

1,247

Disposals

(37,001

)

At 31 December 2025

128,292

DEPRECIATION

At 1 January 2025

128,509

Charge for year

6,209

Eliminated on disposal

(26,769

)

At 31 December 2025

107,949

NET BOOK VALUE

At 31 December 2025

20,343

At 31 December 2024

35,537

6.	OPERATING LEASE COMMITMENTS

Within the next twelve months the company has rental commitments of £139,086 (2024: £158,820).