Registration number: 15001842

Shot Clothing Limited

Contents

Company Information	1
Statement of Financial Position	2
Notes to the Unaudited Financial Statements	3 to 7

Shot Clothing Limited

Company Information

Directors

E Tufekcioglu I Hassan S D Jones Mitchell P Hamilton S Hassan A B Coulston

Registered office

Symes Mews 15A-37 Camden High Street London NW1 7JE

Accountants

Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Shot Clothing Limited

Statement of Financial Position as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	13,760	10,418
Current assets
Stocks	5	191,283	388,258
Debtors	6	452,097	739,781
Cash at bank and in hand		472,221	20,063
		1,115,601	1,148,102
Creditors: Amounts falling due within one year	7	(2,267,290)	(1,444,371)
Net current liabilities		(1,151,689)	(296,269)
Net liabilities		(1,137,929)	(285,851)
Capital and reserves
Called up share capital		90,000	90,000
Retained earnings		(1,227,929)	(375,851)
Shareholders' deficit		(1,137,929)	(285,851)

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of Shot Clothing Limited have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Approved and authorised by the Board on 27 June 2026 and signed on its behalf by:
 

.........................................

A B Coulston

Director

Company registration number: 15001842

Shot Clothing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Symes Mews
15A-37 Camden High Street
London
NW1 7JE

The principal activity of the company is garment design and wholesale.

2	Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Disclosure of long or short period

The figures presented relate to the 12 months ended 31 July 2025. The comparative figures relate to the period from 12 July 2023 to 31 July 2024.

Going concern

The company made a loss for the year and had a deficit of net assets of £1,137,929, but had cash at bank of £472,221.

The company is funded by loans from directors and trade creditors. The loans from directors total £914,212, and the directors have confirmed that this
will not be called for repayment until the company has sufficient working capital. In addition, subsequent to 31 July 2025, the shareholders have provided significant further working capital loans. In addition, the directors have produced forecasts which show that they expect to trade profitably for the foreseeable future. As a result, the directors believe the company has sufficient working capital to continue trading for the foreseeable future.

On the basis of the above and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Shot Clothing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of garments in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue from the sale of garments on despatch.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	20% straight line
Office equipment	25% straight line
Plant and machinery	20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Shot Clothing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company during the year, was 17 (2024 - 15).

Shot Clothing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

4	Tangible assets

	Fixtures and fittings  £	Office equipment  £	Plant and machinery £	Total £
Cost or valuation
At 1 August 2024	4,885	2,988	5,150	13,023
Additions	-	2,832	4,500	7,332
At 31 July 2025	4,885	5,820	9,650	20,355
Depreciation
At 1 August 2024	976	599	1,030	2,605
Charge for the year	974	1,086	1,930	3,990
At 31 July 2025	1,950	1,685	2,960	6,595
Carrying amount
At 31 July 2025	2,935	4,135	6,690	13,760
At 31 July 2024	3,909	2,389	4,120	10,418

5

Stocks

	2025 £	2024 £
Stock	191,283	388,258

6

Debtors

	2025 £	2024 £
Trade debtors	332,875	591,204
Other debtors	119,222	148,577
	452,097	739,781

Shot Clothing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Loans and borrowings	8	750,000	500,000
Trade creditors		1,188,831	907,116
Taxation and social security		24,608	18,484
Accruals and deferred income		129,831	10,167
Other creditors		174,020	8,604
		2,267,290	1,444,371