Company registration number 04463180 (England and Wales)
The Hip Haberdasher Limited
Unaudited Financial Statements
For the year ended 31 January 2026
The Hip Haberdasher Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7
The Hip Haberdasher Limited
Statement Of Financial Position
As at 31 January 2026
31 January 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Intangible assets
3
7,467
12,147
Tangible assets
4
5,195
3,236
12,662
15,383
Current assets
Stocks
367,333
310,024
Debtors
5
54,489
45,263
Cash at bank and in hand
28,623
37,441
450,445
392,728
Creditors: amounts falling due within one year
6
(182,993)
(222,435)
Net current assets
267,452
170,293
Total assets less current liabilities
280,114
185,676
Creditors: amounts falling due after more than one year
7
(27,000)
(33,333)
Net assets
253,114
152,343
Capital and reserves
Called up share capital
277,000
277,000
Profit and loss reserves
(23,886)
(124,657)
Total equity
253,114
152,343
The Hip Haberdasher Limited
Statement Of Financial Position (continued)
As at 31 January 2026
31 January 2026
- 2 -

For the financial year ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 29 May 2026 and are signed on its behalf by:
Mrs A Lewis
Mr R T Lewis
Director
Director
Company registration number 04463180 (England and Wales)
The Hip Haberdasher Limited
Notes to the financial statements
For the year ended 31 January 2026
- 3 -
1
Accounting policies
Company information

The Hip Haberdasher Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Glades Festival Way, Festival Park, Stoke-On-Trent, Staffordshire, ST1 5SQ.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

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.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

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

1.3
Intangible fixed assets - goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, has been amortised evenly over its estimated useful life of five years.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Trademarks
fully amortised and 3 years
Development costs
4 years
The Hip Haberdasher Limited
Notes to the financial statements (continued)
For the year ended 31 January 2026
1
Accounting policies
(Continued)
- 4 -
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% on reducing balance

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.

1.6
Stocks

Stocks are stated at the lower of cost and net realisable value (estimated selling price less costs to complete and sell). Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

The Hip Haberdasher Limited
Notes to the financial statements (continued)
For the year ended 31 January 2026
1
Accounting policies
(Continued)
- 5 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
15
17
The Hip Haberdasher Limited
Notes to the financial statements (continued)
For the year ended 31 January 2026
- 6 -
3
Intangible fixed assets
Goodwill
Trademarks
Development costs
Total
£
£
£
£
Cost
At 1 February 2025
33,000
30,985
25,270
89,255
Additions - internally developed
-
0
2,676
-
0
2,676
At 31 January 2026
33,000
33,661
25,270
91,931
Amortisation and impairment
At 1 February 2025
33,000
29,613
14,495
77,108
Amortisation charged for the year
-
0
971
6,385
7,356
At 31 January 2026
33,000
30,584
20,880
84,464
Carrying amount
At 31 January 2026
-
0
3,077
4,390
7,467
At 31 January 2025
-
0
1,372
10,775
12,147
4
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 February 2025
9,344
Additions
3,507
Disposals
(4,697)
At 31 January 2026
8,154
Depreciation and impairment
At 1 February 2025
6,108
Depreciation charged in the year
860
Eliminated in respect of disposals
(4,009)
At 31 January 2026
2,959
Carrying amount
At 31 January 2026
5,195
At 31 January 2025
3,236
The Hip Haberdasher Limited
Notes to the financial statements (continued)
For the year ended 31 January 2026
- 7 -
5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
24,524
15,455
Other debtors
29,965
29,808
54,489
45,263
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans
6,334
19,000
Trade creditors
81,356
117,950
Corporation tax
5,301
-
0
Other taxation and social security
81,110
76,894
Other creditors
8,892
8,591
182,993
222,435
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
-
0
6,333
Other creditors
27,000
27,000
27,000
33,333
8
Loans and overdrafts
2026
2025
£
£
Bank loans
6,334
25,333
Payable within one year
6,334
19,000
Payable after one year
-
0
6,333

The company has given security by way of a fixed and floating charge, with a negative pledge over all of its assets to HSBC UK Bank Plc. This charge was created on 25 July 2018.

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