Aster Textile London Limited 31/12/2025 iXBRL

Company registration number: 08329975

Aster Textile London Limited

Financial statements

31 December 2025

Aster Textile London Limited

Contents

Directors and other information

Strategic report

Directors report

Independent auditor's report to the members

Income statement

Statement of financial position

Statement of changes in equity

Statement of cash flows

Notes to the financial statements

Aster Textile London Limited

Directors and other information


	Directors	Mr Levon Agulian
		Mr Ali Kocali
		Mrs Esin Kocali


	Company number	08329975


	Registered office	14 Dufferin Street
		London
		EC1Y 8PD


	Auditor	Hamilton Coopers
		66 Earl Street
		Maidstone
		Kent
		ME14 1PS


	Accountants	Leon Haig & Co
		112 Princes Gardens
		London
		W3 0LJ

Aster Textile London Limited

Strategic report

Year ended 31 December 2025

Principal activities

Aster Textile London Limited is engaged in the development, sourcing and manufacture of high-quality apparel, including sportswear, activewear, casualwear and fashion collections for men and women.

The Company operates an integrated service model covering design, product development, sourcing coordination, production oversight and delivery. This structure provides strong operational control, consistent quality management and effective supply chain visibility.Sustainability remains embedded within the Company's long-term strategy. Responsible sourcing, ethical manufacturing standards, energy efficiency and waste reduction initiatives continue to form part of operational decision-making and investment planning.

Financial indicators

The main financial indicators during the year were as follows:

- Turnover £34,361,642 (2024 : £28,649,214)

- Margin 7.2% (2024 : 6.2%)

- Profit after tax £481,967 (2024 : £401,319)

Turnover has increased during the year, reflecting strengthened client relationships, increased order volumes and expanded commercial activity.

The compnay has maintianed its gross profit margin due to management maintaining disciplined cost control throughout the year.

The Directors continue to monitor working capital, cash flow forecasting and cost management processes closely. The Company remains financially stable and appropriately resourced to support its operational requirements.

Business review

The textile and apparel industry continues to evolve in response to changing consumer expectations, supply chain developments and increasing sustainability standards.

Aster Textile London Limited maintains a measured and controlled growth strategy, supported by:

- Operational efficiency initiatives

- Digital product development systems

- Strengthened supplier oversight

- Responsible sourcing practices

- Ongoing cost discipline

Investment in automation and digitisation during the year has enhanced production planning accuracy, reduced waste and improved operational visibility.The Company continues to balance commercial performance with responsible business practices, ensuring long-term resilience.

Regulatory Environment and Compliance

The European textile sector is subject to continued regulatory development under sustainability and circular economy initiatives.

Key regulatory frameworks relevant to the industry include:

- EU Strategy for Sustainable and Circular Textiles

- Ecodesign for Sustainable Products Regulation (ESPR)

- Digital Product Passport (DPP) initiatives

- Extended Producer Responsibility (EPR) schemes

- Corporate Sustainability Reporting Directive (CSRD)

- REACH chemical compliance regulations

The Directors actively monitor regulatory developments and assess potential impacts on operations and reporting requirements.

Current preparedness measures include:

- Strengthened supply chain traceability processes

- Ongoing compliance with REACH standards

- Enhanced sustainability data monitoring

- Investment in digital systems supporting product transparency

The Directors are satisfied that the Company is well positioned to respond effectively to evolving regulatory requirements.

Principal Risks and Uncertainties

The Company operates within a global environment subject to:

- Raw material price volatility

- Energy cost fluctuations

- Currency movements

- Supply chain disruption

- Regulatory changes

The Directors manage these risks through:

- Diversified supplier relationships

- Structured cost review procedures

- Ongoing financial forecasting

- Active regulatory monitoring

After reviewing financial forecasts and operational plans, the Directors are satisfied that the Company has adequate resources to continue in operational existence for the foreseeable future.

This report was approved by the board of directors on 6 March 2026 and signed on behalf of the board by:

Mr Levon Agulian

Director

Aster Textile London Limited

Directors report

Year ended 31 December 2025

The directors present their report and the financial statements of the company for the year ended 31 December 2025.

Directors

The directors who served the company during the year were as follows:

Mr Levon Agulian

Mr Ali Kocali

Mrs Esin Kocali

Dividends

The directors do not recommend the payment of a dividend.

Future developments

The Company will continue to focus on:

- Controlled revenue growth

- Margin improvement initiatives

- Operational efficiency

- Digital integration

- Strengthening regulatory readiness

- Sustainable product development

The Directors remain confident in the Company's strategic direction, operational controls and ability to respond effectively to market and regulatory developments.

Directors responsibilities statement

The directors are responsible for preparing the strategic report, directors report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgments and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.

The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.

This report was approved by the board of directors on 06 March 2026 and signed on behalf of the board by:

Mr Levon Agulian

Director

Aster Textile London Limited

Independent auditor's report to the members of

Aster Textile London Limited

Year ended 31 December 2025

Opinion

We have audited the financial statements of Aster Textile London Limited (the 'company') for the year ended 31 December 2025 which comprise the income statement, statement of financial position, statement of changes in equity, statement of cash flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: - give a true and fair view of the state of the company's affairs as at 31 December 2025 and of its profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors' report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and the returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Capability of the audit in detecting irregularities, including fraud.The objectives of our audit are to identify and assess the risks of material misstatement of the financial statements due to fraud or error; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud or error; and to respond appropriately to those risks.Based on our understanding of the company and industry, and through discussion with the management (as required by auditing standards), we identified that the principal risks of non-compliance with laws and regulations related to Companies Act, FRS102, taxation legislations, employment and health and safety legislations.. We considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and taxation. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to posting inappropriate journal entries to increase revenue or reduce expenditure and management bias in accounting estimates and judgmental areas of the financial statements such as accrued income.Audit procedures performed by the engagement team included: - Discussions with management and assessment of known or suspected instances of non-compliance with laws and regulations and fraud; and- Assessment of identified fraud risk factors; and- Challenging assumptions and judgements made by management in its significant accounting estimates; and- Performing analytical procedures to identify any unusual or unexpected relationships, including related party transactions, that may indicate risks of material misstatement due to fraud; and- Confirmation of related parties with management, and review of transactions throughout the period to identify any previously undisclosed transactions with related parties outside the normal course of business; and- Reading minutes of meetings of those charged with governance; and- Review of significant and unusual transactions and evaluation of the underlying financial rationalesupporting the transactions; and- Identifying and testing journal entries, in particular any manual entries made at the year end for financial statement preparation.There are inherent limitations in the audit procedures described above and the further removed non compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. we also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditors report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Asim Malik FCA DChA (Senior Statutory Auditor)

For and on behalf of

Hamilton Coopers

Chartered Accountants

66 Earl Street

Maidstone

Kent

ME14 1PS

06 March 2026

Aster Textile London Limited

Income statement

Year ended 31 December 2025

		2025	2024
	Note	£	£


Turnover	4	34,361,642	28,649,214
Cost of sales		( 31,876,964)	( 26,881,332)
		_______	_______
Gross profit		2,484,678	1,767,882

Administrative expenses		( 1,758,983)	( 1,130,161)
		_______	_______
Operating profit	5	725,695	637,721

Other interest receivable and similar income	8	171	23,789
Interest payable and similar expenses	9	( 63,563)	( 107,990)
Profit before taxation		662,303	553,520

Tax on profit	10	( 180,336)	( 152,201)
		_______	_______
Profit for the financial year		481,967	401,319
		_______	_______

All the activities of the company are from continuing operations.

The company has no other recognised items of income and expenses other than the results for the year as set out above.

Aster Textile London Limited

Statement of financial position

31 December 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	11	2,897,009		2,936,970
		_______		_______
			2,897,009		2,936,970

Current assets
Debtors	12	3,882,723		6,242,261
Cash at bank and in hand		1,501,564		383,810
		_______		_______
		5,384,287		6,626,071
Creditors: amounts falling due
within one year	14	( 6,566,973)		( 7,884,739)
		_______		_______
Net current liabilities			( 1,182,686)		( 1,258,668)
			_______		_______
Total assets less current liabilities			1,714,323		1,678,302

Creditors: amounts falling due
after more than one year	15		-		( 445,946)
			_______		_______
Net assets			1,714,323		1,232,356
			_______		_______

Capital and reserves
Called up share capital	18		50,000		50,000
Profit and loss account			1,664,323		1,182,356
			_______		_______
Shareholders funds			1,714,323		1,232,356
			_______		_______

These financial statements were approved by the board of directors and authorised for issue on 06 March 2026 , and are signed on behalf of the board by:

Mr Levon Agulian

Director

Company registration number: 08329975

Aster Textile London Limited

Statement of changes in equity

Year ended 31 December 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 January 2024	50,000	781,037	831,037

Profit for the year		401,319	401,319
	_______	_______	_______
Total comprehensive income for the year	-	401,319	401,319

	_______	_______	_______
At 31 December 2024 and 1 January 2025	50,000	1,182,356	1,232,356

Profit for the year		481,967	481,967
	_______	_______	_______
Total comprehensive income for the year	-	481,967	481,967

	_______	_______	_______
At 31 December 2025	50,000	1,664,323	1,714,323
	_______	_______	_______

Aster Textile London Limited

Statement of cash flows

Year ended 31 December 2025

		2025	2024
	Note	£	£

Cash flows from operating activities
Profit for the financial year		481,967	401,319

Adjustments for:
Depreciation of tangible assets		64,512	62,031
Other interest receivable and similar income		( 171)	( 23,789)
Interest payable and similar expenses		63,563	107,990
Tax on profit		180,336	152,201
Accrued expenses/(income)		( 15,609)	10,209

Changes in:
Trade and other debtors		2,359,538	( 3,080,923)
Trade and other creditors		375,526	177,025
		_______	_______
Cash generated from operations		3,509,662	( 2,193,937)

Interest paid		( 63,563)	( 107,990)
Interest received		171	23,789
Tax paid		( 152,201)	( 20,128)
		_______	_______
Net cash from/(used in) operating activities		3,294,069	( 2,298,266)
		_______	_______

Cash flows from investing activities
Purchase of tangible assets		( 24,551)	( 162,778)
		_______	_______
Net cash used in investing activities		( 24,551)	( 162,778)
		_______	_______

Cash flows from financing activities
Proceeds from borrowings		( 493,243)	( 486,487)
Proceeds from loans from group undertakings		( 1,658,337)	1,430,318
		_______	_______
Net cash (used in)/from financing activities		( 2,151,580)	943,831
		_______	_______

Net increase/(decrease) in cash and cash equivalents		1,117,938	( 1,517,213)
Cash and cash equivalents at beginning of year	13	383,364	1,900,577
		_______	_______
Cash and cash equivalents at end of year	13	1,501,302	383,364
		_______	_______

Aster Textile London Limited

Notes to the financial statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 14 Dufferin Street, London, EC1Y 8PD.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to profit or loss.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

The company has changed the way deprecation is calculated from 20% reducing balance in previous years to align with the group policy. Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Freehold property	-	50 years straight line
Fittings fixtures and equipment	-	33.33% & 20% Straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Turnover

Turnover arises from:

	2025	2024
	£	£
Sale of goods	32,300,866	26,803,790
Commissions	2,060,776	1,843,874
Other Income	-	1,550
	_______	_______
	34,361,642	28,649,214
	_______	_______

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.

5. Operating profit

Operating profit is stated after charging/(crediting):

	2025	2024
	£	£
Depreciation of tangible assets	64,512	62,031
Impairment of trade debtors	313,323	2,531
Foreign exchange differences	24,421	35,879
Fees payable for the audit of the financial statements	19,500	18,700
	_______	_______

6. Staff costs

The average number of persons employed by the company during the year, including the directors, amounted to:

	2025	2024
Production staff	9	7
Administrative staff	2	2
	_______	_______
	11	9
	_______	_______

The aggregate payroll costs incurred during the year were:

	2025	2024
	£	£
Wages and salaries	725,563	577,637
Social security costs	84,952	50,436
Other pension costs	6,667	4,312
	_______	_______
	817,182	632,385
	_______	_______

7. Directors remuneration

The directors aggregate remuneration in respect of qualifying services was:

	2025	2024
	£	£
Remuneration	225,000	201,746
	_______	_______

Remuneration of the highest paid directors in respect of qualifying services:

	2025	2024
	£	£
Aggregate remuneration	125,000	106,000
Company contributions to pension plans in respect of qualifying services	-	-
	_______	_______
	125,000	106,000
	_______	_______

8. Other interest receivable and similar income

	2025	2024
	£	£
Bank deposits	-	23,789
Other interest receivable and similar income	171	-
	_______	_______
	171	23,789
	_______	_______

9. Interest payable and similar expenses

	2025	2024
	£	£
Bank loans and overdrafts	63,563	107,990
	_______	_______

10. Tax on profit

Major components of tax expense

	2025	2024
	£	£
Current tax:
UK current tax expense	180,336	152,201
	_______	_______
Tax on profit	180,336	152,201
	_______	_______

Reconciliation of tax expense

The tax assessed on the profit for the year is higher than (2024: higher than) the standard rate of corporation tax in the UK of 25.00 % (2024: 25.00%).

	2025	2024
	£	£
Profit before taxation	662,303	553,520
	_______	_______

Profit multiplied by rate of tax	165,576	138,380
Effect of expenses not deductible for tax purposes	695	556
Effect of capital allowances and depreciation	14,065	13,265
	_______	_______
Tax on profit	180,336	152,201
	_______	_______

11. Tangible assets

	Freehold property	Fixtures, fittings and equipment	Total
	£	£	£
Cost
At 1 January 2025	3,006,539	83,163	3,089,702
Additions	16,300	8,251	24,551
	_______	_______	_______
At 31 December 2025	3,022,839	91,414	3,114,253
	_______	_______	_______
Depreciation
At 1 January 2025	78,828	73,904	152,732
Charge for the year	60,392	4,120	64,512
	_______	_______	_______
At 31 December 2025	139,220	78,024	217,244
	_______	_______	_______
Carrying amount
At 31 December 2025	2,883,619	13,390	2,897,009
	_______	_______	_______
At 31 December 2024	2,927,711	9,259	2,936,970
	_______	_______	_______

ISBank has a legal charge on the freehold property in order to secure company borrowing's.

12. Debtors

	2025	2024
	£	£
Trade debtors	3,857,097	6,223,003
Prepayments and accrued income	16,243	14,276
Other debtors	9,383	4,982
	_______	_______
	3,882,723	6,242,261
	_______	_______

Included in trade debtors are amounts in the sum of £1,659,858 (2024 : £ 3,067,904) in respect ofamount owed by group undertaking.

13. Cash and cash equivalents

	2025	2024
	£	£
Cash at bank and in hand	1,501,564	383,810
Bank overdrafts	( 262)	( 446)
	_______	_______
	1,501,302	383,364
	_______	_______

14. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	439,451	486,932
Trade creditors	3,757,477	3,389,581
Amounts owed to group undertakings	2,156,260	3,814,597
Accruals and deferred income	5,600	21,209
Corporation tax	180,336	152,201
Social security and other taxes	26,512	19,428
Other creditors	1,337	791
	_______	_______
	6,566,973	7,884,739
	_______	_______

Included in trade creditors are amounts in the sum of £3,416,690 (2024 : £3,218,383), in respect of amount owed to group undertaking.Included in bank loans and overdrafts are amounts in the sum of £262 (YE Dec 2024 : £446) in respect of bank overdraft. The balance of £439,189 (YE Dec 2024 :£ 486,486) is in respect of secured bank loans due within one year.

15. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	-	445,946
	_______	_______

ISBank has a legal charge on the freehold property in order to secure company borrowing's.

16. Employee benefits

The amount recognised in profit or loss in relation to defined contribution plans was £ 6,667 (2024: £ 4,312 ).

17. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	2025	2024
	£	£
Financial assets that are debt instruments measured at amortised cost
Trade debtors	3,857,097	6,223,003
Other debtors	9,383	4,982
Cash at bank and in hand	1,501,564	383,810
	_______	_______
	5,368,044	6,611,795
	_______	_______

Financial liabilities measured at amortised cost
Bank overdraft and other loans	439,451	486,932
Trade creditors	3,757,477	3,389,581
Other creditors	1,337	791
	_______	_______
	4,198,265	3,877,304
	_______	_______

18. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares shares of £ 1.00 each	50,000	50,000	50,000	50,000
	_______	_______	_______	_______

19. Analysis of changes in net debt

	At 1 January 2025	Cash flows	At 31 December 2025
	£	£	£
Cash and cash equivalents	383,810	1,117,754	1,501,564
Bank overdrafts	(446)	184	(262)
Debt due within one year	(4,301,083)	1,705,634	(2,595,449)
Debt due after one year	(445,946)	445,946	-
	_______	_______	_______
	( 4,363,665)	3,269,518	( 1,094,147)
	_______	_______	_______

20. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
Entities over which the company has control	31,485,260	28,346,547	( 3,913,091)	( 3,965,076)
	_______	_______	_______	_______

21. Controlling party

The parent company is Aster Tekstil San Ve Dis Tic AS, a company registered in Turkey. The ultimate controlling party are members of the Kocali family.