Company No: 04199556 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Directors	J C R Green
	L D McAllister
	J D Mills
	S Wan

Registered office	Unit 2a
	Panattoni Park
	York Crescent
	Borehamwood
	Herts
	WD6 1DN
	United Kingdom

Company number

04199556 (England and Wales)

Accountant	Kreston Reeves LLP
	Springfield House
	Springfield Road
	Horsham
	West Sussex
	RH12 2RG

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	263,734		227,154
		263,734		227,154
Current assets
Debtors	4	4,358,921		2,291,682
Cash at bank and in hand	5	757,107		2,226,172
		5,116,028		4,517,854
Creditors: amounts falling due within one year	6	( 636,834)		( 693,849)
Net current assets		4,479,194		3,824,005
Total assets less current liabilities		4,742,928		4,051,159
Provision for liabilities	7	( 50,620)		( 55,042)
Net assets		4,692,308		3,996,117
Capital and reserves
Called-up share capital		280		280
Profit and loss account		4,692,028		3,995,837
Total shareholder's funds		4,692,308		3,996,117

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Seasons Textiles Limited (registered number: 04199556) were approved and authorised for issue by the Board of Directors on 30 June 2026. They were signed on its behalf by:

S Wan Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Seasons Textiles Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The company's registered number is 04199556. The address of the Company's registered office is Unit 2a, Panattoni Park, York Crescent, Borehamwood, Herts, United Kingdom, WD6 1DN.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	depreciated over the life of the lease
Plant and machinery	20 years straight line
Vehicles	4 years straight line
Fixtures and fittings	10 years straight line
Office equipment	5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	19		19

3. Tangible assets

	Leasehold improve- ments		Plant and machinery		Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£		£
Cost
At 01 January 2025	284,995		508,904		20,000		72,191		56,771		942,861
Additions	0		1,063		0		64,745		139		65,947
Disposals	( 284,995)		0		0		0		0		( 284,995)
At 31 December 2025	0		509,967		20,000		136,936		56,910		723,813
Accumulated depreciation
At 01 January 2025	284,995		331,737		20,000		38,730		40,245		715,707
Charge for the financial year	0		16,022		0		8,012		5,333		29,367
Disposals	( 284,995)		0		0		0		0		( 284,995)
At 31 December 2025	0		347,759		20,000		46,742		45,578		460,079
Net book value
At 31 December 2025	0		162,208		0		90,194		11,332		263,734
At 31 December 2024	0		177,167		0		33,461		16,526		227,154

4. Debtors

	2025		2024
	£		£
Trade debtors	251,259		262,399
Amounts owed by Group undertakings	4,050,000		2,000,000
Prepayments	57,662		27,462
Other debtors	0		1,821
	4,358,921		2,291,682

5. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	757,107		2,226,172

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	252,862		184,837
Accruals	151,153		205,883
Corporation tax	171,357		219,341
Other taxation and social security	57,604		79,067
Other creditors	3,858		4,721
	636,834		693,849

7. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 55,042)		( 66,556)
Credited to the Profit and Loss Account	4,422		11,514
At the end of financial year	( 50,620)		( 55,042)

The deferred taxation balance is made up as follows:

	2025		2024
	£		£
Accelerated capital allowances	( 50,981)		( 55,042)
	361		0
	( 50,620)		( 55,042)

8. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

The pension cost charge represents contributions payable by the Company to the fund and amounted to £21,033 (2024 - £20,160). Contributions totalling £3,858 (2024 - £4,262) were payable to teh fund at the balance sheet date and are included in creditors.

9. Ultimate controlling party

Parent Company:

Classic Prop Hire Company Limited

The group, headed by Classic Prop Hire Company Limited, qualify as small as set out in section 383 of the Companies Act 2006 and is therefore eligible for exemption to prepare consolidated accounts.