MCANDREW (TEXTILES) LIMITED Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03377701

MCANDREW (TEXTILES) LIMITED

Filleted Unaudited Financial Statements

28 February 2026

MCANDREW (TEXTILES) LIMITED

Financial Statements

Year ended 28 February 2026

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

MCANDREW (TEXTILES) LIMITED

Officers and Professional Advisers

The board of directors	Howard Roy Whitham
	Jayne Louise Whitham

Registered office	Lewis Street Mill
	Lewis Street
	Halifax
	HX1 5DJ

Accountants	HCF Accountants Ltd
	Chartered Certified Accountants
	Hinde Clough Farm
	Overtown Lane
	Red Lumb
	Norden
	Rochdale
	England
	OL12 7TU

Bankers	Vigin Money
	7 Waterhouse Street
	Halifax
	HX1 1XZ

MCANDREW (TEXTILES) LIMITED

Statement of Financial Position

28 February 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	5		3,682	4,643

Current assets

Stocks		155,350	68,881
Debtors	6	152,898	167,448
Cash at bank and in hand		156,868	192,288
		---------	---------
		465,116	428,617

Creditors: amounts falling due within one year	7	182,606		157,922
		---------		---------
Net current assets			282,510	270,695
			---------	---------
Total assets less current liabilities			286,192	275,338

Provisions

Taxation including deferred tax	700	882
	---------	---------
Net assets	285,492	274,456
	---------	---------

MCANDREW (TEXTILES) LIMITED

Statement of Financial Position (continued)

28 February 2026

	2026		2025
Note	£	£	£

Capital and reserves

Called up share capital	20,000	20,000
Profit and loss account	265,492	254,456
	---------	---------
Shareholder funds	285,492	274,456
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 28 February 2026 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 13 July 2026 , and are signed on behalf of the board by:

Howard Roy Whitham	Jayne Louise Whitham
Director	Director

Company registration number: 03377701

MCANDREW (TEXTILES) LIMITED

Notes to the Financial Statements

Year ended 28 February 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lewis Street Mill, Lewis Street, Halifax, HX1 5DJ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

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.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.

Tangible assets

Tangible assets are initially recorded at cost, and 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 equity, 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

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:

Plant & Machinery (inc. Fork Lifts)	-	10% reducing balance
Office Equipment	-	10% reducing balance
Motor Vehicles & Trailers	-	30% reducing balance
Computer Equipment	-	30% reducing balance

Impairment of fixed assets

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. For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2025: 5 ).

5. Tangible assets

	Plant & Machinery (inc. Fork Lifts)	Office Equipment	Motor Vehicles & Trailers	Computer Equipment	Total
	£	£	£	£	£
Cost
At 1 March 2025 and 28 February 2026	16,400	5,975	15,074	10,282	47,731
	--------	-------	--------	--------	--------
Depreciation
At 1 March 2025	15,168	5,044	12,667	10,209	43,088
Charge for the year	124	93	722	22	961
	--------	-------	--------	--------	--------
At 28 February 2026	15,292	5,137	13,389	10,231	44,049
	--------	-------	--------	--------	--------
Carrying amount
At 28 February 2026	1,108	838	1,685	51	3,682
	--------	-------	--------	--------	--------
At 28 February 2025	1,232	931	2,407	73	4,643
	--------	-------	--------	--------	--------

6. Debtors

	2026	2025
	£	£
Trade debtors	142,885	157,314
Other debtors	10,013	10,134
	---------	---------
	152,898	167,448
	---------	---------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	79,836	71,349
Amounts owed to group undertakings and undertakings in which the company has a participating interest	7,924	21,999
Corporation tax	2,639	1,087
Social security and other taxes	5,298	2,177
Other creditors	86,909	61,310
	---------	---------
	182,606	157,922
	---------	---------

Included in Other creditors is a loan from a director Mr Howard Roy Whitham of £25,000 (2025 - £NIL) this loan is unsecured, interest free and repayable on demand. The amount due to group undertakings is all due to the ultimate holding company McAndrew Textiles Holdings Ltd. The amount due to McAndrew Textiles Holdings Ltd is unsecured, interest free and repayable on demand.

8. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2026	2025
	£	£
Not later than 1 year	34,000	11,332
Later than 1 year and not later than 5 years	51,605	–
	--------	--------
	85,605	11,332
	--------	--------

9. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2026
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Howard Roy Whitham	–	( 25,000)	( 25,000)
	----	--------	--------

	2025
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Howard Roy Whitham	–	–	–
	----	----	----

10. Related party transactions

Mr Howard Roy Whitham was appointed a director of McAndrew (Textiles) Limited and McAndrew Textiles Holdings Limited on 25th May 2021. Mrs Jayne Louise Whitham was appointed a director of McAndrew (Textiles) Limited and McAndrew Textiles Holdings Limited on 6th August 2021. Mr Howard Roy Whitham and Mrs Jayne Louise Whitham are the only directors and shareholders in the ultimate holding company McAndrew Textiles Holdings Limited. Included in Other creditors is a loan from a director Mr Howard Roy Whitham of £25,000 (2025 - £NIL) this loan is unsecured, interest free and repayable on demand. During the period under review the company paid rent of £27,786 (2025 - £22,000) to a pension scheme in respect of which Mr Howard Roy Whitham and Mrs Jayne Louise Whitham are beneficiaries. The rent paid relating to a lease in respect of the property from which the company trades from, this lease was renewed with effect from 6th September 2025 for 3 years on a rental term of £34,000 per annum payable quarterly in advance with the tenant being responsible for all repairs, insurance and services. At the close of the year under review £7,924 (2025 - £21,999) was due by McAndrew (Textiles) Limited to McAndrew Textiles Holdings Limited.

11. Controlling party

On 1 May 2018 McAndrew (Textiles) Limited became a wholly owned subsidiary of McAndrew Textiles Holdings Limited, registered in England and Wales. Howard Roy Whitham and Jayne Louise Whitham are the only directors and shareholders of McAndrew Textiles Holdings Limited.