REGISTERED NUMBER: 03002749 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

SELECTION CORPORATE CLOTHING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M D Joseph

Mrs R Joseph

D Sakhuja

SECRETARY:

Mrs R M Joseph

REGISTERED OFFICE:

10 London Mews

London

LONDON

W2 1HY

REGISTERED NUMBER:

03002749 (England and Wales)

ACCOUNTANTS:

Stein Richards

Chartered Accountants

10 London Mews

London

W21HY

FIXED ASSETS

Intangible assets

4

20,973

26,216

Tangible assets

5

89,539

102,835

110,512

129,051

CURRENT ASSETS

Stocks

6

1,473,366

1,218,992

Debtors

7

1,810,747

1,668,884

Cash at bank

242,180

321,140

3,526,293

3,209,016

CREDITORS

Amounts falling due within one year

8

1,853,319

1,861,562

NET CURRENT ASSETS

1,672,974

1,347,454

TOTAL ASSETS LESS CURRENT LIABILITIES

1,783,486

1,476,505

CREDITORS

Amounts falling due after more than one year

9

63,488

75,424

NET ASSETS

1,719,998

1,401,081

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

1,719,898

1,400,981

SHAREHOLDERS' FUNDS

1,719,998

1,401,081

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

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

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 30 June 2026 and were signed on its behalf by:

Mr M D Joseph - Director

1.	STATUTORY INFORMATION

Selection Corporate Clothing 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.

Going concern

After reviewing the company's forecasts and projections, the directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Turnover

Turnover represents net invoiced sale of goods and services, excluding value added tax.

Rendering of services

Sales are recognised once the customer has agreed to purchase the goods and the order is processed.

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 is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

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

Improvements to property

-

20% straight line

Plant and machinery

-

25% reducing balance

Fixtures and fittings

-

25% reducing balance

Depreciation is not provided in respect of long leasehold commercial property. This policy represents a departure from statutory accounting principles, which require depreciation to be provided on all fixed assets. The director considers that this policy is necessary in order that the accounts may give a true and fair view because the current value and changes in the current value are of prime importance rather than the calculation of systematic annual depreciation. Depreciation is only one of many factors reflected in the valuation.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans to related parties.

The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. An impairment review is undertaken annually at 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.

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 21 (2024 - 22 ) .

4.	INTANGIBLE FIXED ASSETS

Website

development

£

COST

At 1 November 2024

and 31 October 2025

32,770

AMORTISATION

At 1 November 2024

6,554

Amortisation for year

5,243

At 31 October 2025

11,797

NET BOOK VALUE

At 31 October 2025

20,973

At 31 October 2024

26,216

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Long

to

Plant and

and

leasehold

property

machinery

fittings

Totals

£

£

£

£

£

COST

At 1 November 2024

43,822

15,614

30,499

157,996

247,931

Additions

-

-

-

1,666

1,666

At 31 October 2025

43,822

15,614

30,499

159,662

249,597

DEPRECIATION

At 1 November 2024

-

15,613

15,857

113,626

145,096

Charge for year

-

-

3,661

11,301

14,962

At 31 October 2025

-

15,613

19,518

124,927

160,058

NET BOOK VALUE

At 31 October 2025

43,822

1

10,981

34,735

89,539

At 31 October 2024

43,822

1

14,642

44,370

102,835

6.

STOCKS

31.10.25

31.10.24

£

£

Stocks

1,473,366

1,218,992

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

1,441,581

1,298,106

Other debtors

369,166

370,778

1,810,747

1,668,884

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts

385,018

306,239

Hire purchase contracts

3,983

3,983

Trade creditors

718,596

832,649

Taxation and social security

165,617

134,594

Other creditors

580,105

584,097

1,853,319

1,861,562

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans

-

7,953

Hire purchase contracts

2,988

6,971

Other creditors

60,500

60,500

63,488

75,424

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.25

31.10.24

£

£

Bank loans

385,018

314,192

HSBC holds a fixed and floating charge over the assets of the company.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.25

31.10.24

value:

£

£

100

Ordinary

£1

100

100