Registration number:
Bamboo Clothing Ltd
for the Year Ended 31 January 2026
Registration number:
Bamboo Clothing Ltd
for the Year Ended 31 January 2026
Bamboo Clothing Ltd
Contents
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Company Information |
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Strategic Report |
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Directors' Report |
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Statement of Directors' Responsibilities |
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Independent Auditor's Report |
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Statement of Comprehensive Income |
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Statement of Financial Position |
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Statement of Changes in Equity |
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Statement of Cash Flows |
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Notes to the Financial Statements |
Bamboo Clothing Ltd
Company Information
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Directors |
David Gordon Nicole Helene Ball James Richard Hubbard |
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Registered office |
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Company number |
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Auditors |
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Bamboo Clothing Ltd
Strategic Report for the Year Ended 31 January 2026
The directors present their strategic report for the year ended 31 January 2026.
Fair review of the business
Following the significant strategic changes introduced since October 2023, 2025/26, was a year of embedding, refining and learning. The primary aim remained to strengthen BAM as a consumer brand and create the foundations for sustainable future profitable growth.
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Move BAM from a catalogue-led business to a distinctive consumer brand. |
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Continue to focus on Power Age women (GenX/40+) as our core market. |
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Maintain a curated menswear offering centered on the strongest categories and basics. |
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Strengthening BAM's position in activewear and adjacent everyday categories. |
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Increase brand awareness within our core market. |
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Continue to combine performance marketing expertise with carefully targeted brand investment. |
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Improve customer retention and the conversion of gross demand into profitable net sales. |
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Open product and commercial opportunities through a broader choice of sustainable and natural fibers and fabrics. |
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Continue to prioritise BAM's core direct-to-consumer UK market, whilst selectively developing international and other distribution opportunities where investment and risk can be tightly controlled. |
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Continuing to innovate so BAM remains a sustainable, lower-impact business and a force for good. |
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Build on B Corp certification and further develop product and supply-chain transparency. |
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Continue to develop the 73-Zero circular product proposition. |
The UK retail and clothing markets remained difficult, highly competitive and promotional throughout the year. Against that backdrop, the underlying level of customer demand showed resilience. Online retail sales increased by 2.3% to £14.6m, and international sales increased by 16.8% to £325k.
Gross margin remained strong at 58.7%, although modestly below the prior year. Distribution costs have been reduced despite continued investment in online marketing. This reflects a more focused allocation of spending, with greater emphasis on measurable digital activity and tighter control of offline marketing and fulfilment costs.
The business continued to invest in the people, capability and operating structure needed to deliver the strategy. Together with the lower gross profit, increased employment and property costs, and continued investment in the business, this resulted in an operating loss of £727k compared with £588k in the prior year.
This was not the financial outcome we set out to achieve. It has, however, provided greater clarity around the actions that will have the biggest impact: improving stock productivity, maintaining marketing efficiency and further strengthening repeat customer value.
The balance sheet remained positive at the year end. Whilst cash and working-capital headroom are constrained and remain a key management focus, the business retains a meaningful customer base, a clear brand proposition and several practical opportunities to improve performance.
Bamboo Clothing Ltd
Strategic Report for the Year Ended 31 January 2026 (continued)
Principal risks and uncertainties
The most immediate risk for BAM is liquidity and working capital as the business experienced an operating cash outflow during the year. The directors have prepared forecasts and cash-flow projections and are implementing cost reductions, operational efficiencies and actions to increase revenue and profitability. Successful delivery of these plans is central to improving cash generation and supporting the company's ongoing development.
Consumer confidence and discretionary spending remain important external risks. BAM operates in a market that is highly competitive and frequently promotional, and a further weakening in the UK economy could affect both demand and the cost of acquiring customers. The business will continue to trade flexibly, manage promotional activity carefully and focus investment on the products, customers and channels that offer the clearest route to profitable growth.
Wider global instability, foreign-exchange movements and supply-chain disruption also remain ongoing risks. BAM will continue to manage these through supplier relationships, disciplined buying, appropriate stock planning and a flexible approach to product and sourcing decisions.
The end of the year and moving into 2026/27 crystallized a reduction in costs, building from a lower cost base, whilst also adapting our strategy to allow profitability in almost any economic climate. Profitability first, growth second.
Development and performance
The strategic direction established over the previous two years remains relevant. Gross online demand continued to grow, international sales progressed and the business has demonstrated that it can reduce distribution costs while maintaining investment in digital marketing. These are encouraging signs that the brand and customer proposition have traction, even though the financial benefits were not fully realised in the year.
The focus for 2026/27 is therefore less about another major change of direction and more about converting the platform already created into sustainable profit and cash generation. A key priority will be to reduce the returns rate through a combination of product, fit, quality, sizing, customer information and operational improvements. Even a measured improvement would have a meaningful positive effect on turnover, margin, stock availability and cash.
Marketing activity will continue to be managed with a strong focus on contribution, payback and repeat customer value. The business has developed valuable expertise in recruiting and retaining customers, and the opportunity is to apply that experience with increasing precision, balancing new customer growth with the development of a larger and more valuable active customer base.
Product and merchandising decisions will be increasingly driven by customer insight, category performance and stock productivity. BAM will continue to focus on the strongest opportunities in women's activewear and everyday clothing, maintain a disciplined menswear offer and use the breadth of sustainable and natural fabrics to create relevant newness without unnecessary complexity.
International sales grew by 16.8% in the year and, while still a relatively small part of the business, this provides encouraging evidence of the wider potential for BAM. International, wholesale and other channels will be developed selectively, using controlled tests and clear commercial hurdles so that growth does not distract from improving the profitability of the core UK direct-to-consumer business.
Bamboo Clothing Ltd
Strategic Report for the Year Ended 31 January 2026 (continued)
Cost reduction and operational efficiency will be pursued carefully and decisively. The objective is not simply to reduce expenditure, but to simplify the business, improve accountability and ensure that every area of investment supports the customer proposition and the route back to profitability.
BAM continues to have a distinctive position: a recognised brand, a loyal customer base, strong sustainability credentials and a product proposition that is relevant to a large and attractive market. The year highlighted the scale of the work still required, but it also made the route forward clearer. The directors remain confident that the actions now being taken can improve financial performance and enable BAM to build a stronger, more resilient and sustainably profitable business.
Approved and authorised by the
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Bamboo Clothing Ltd
Directors' Report for the Year Ended 31 January 2026
The directors present their report and the financial statements for the year ended 31 January 2026.
Directors of the company
The directors who held office during the year were as follows:
David Gordon
Nicole Helene Ball
James Richard Hubbard
Disclosure of information to the auditors
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.
Reappointment of auditors
The auditors Westcotts (SW) LLP are deemed to be reappointed under section 487(2) of the Companies Act 2006.
Approved and authorised by the
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Bamboo Clothing Ltd
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the Annual 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 of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
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select suitable accounting policies and apply them consistently; |
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make judgements and accounting estimates that are reasonable and prudent; |
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state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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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.
Bamboo Clothing Ltd
Independent Auditor's Report to the Members of Bamboo Clothing Ltd
Opinion
We have audited the financial statements of Bamboo Clothing Ltd (the 'company') for the year ended 31 January 2026, which comprise the Statement of Comprehensive Income, 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 Financial Reporting Standard 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 January 2026 and of its loss 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 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 director's 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 original financial statements were 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.
We draw attention to Note 2 in the financial statements, which indicates that the Company has incurred losses and reported unsatisfactory trading results during the current and preceding financial years.
As stated in Note 2, the Company's ability to continue as a going concern is dependent upon the successful implementation of management's plans to improve financial performance and achieve forecast trading results.
These events or conditions, along with the other matters set out in Note 2, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern.
Our opinion is not modified in respect of this matter.
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.
Bamboo Clothing Ltd
Independent Auditor's Report to the Members of Bamboo Clothing Ltd (continued)
Other information
The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. 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.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our 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 and 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 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 Statement of Directors' Responsibilities, 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 Responsibilities for the audit of the financial statements
Bamboo Clothing Ltd
Independent Auditor's Report to the Members of Bamboo Clothing Ltd (continued)
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:
We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience and through discussion with the directors and other management. We communicated identified laws and regulations throughout our team, and remained alert to any indications of non-compliance throughout the audit.
The company is subject to laws and regulations that govern the preparation of the financial statements, including financial reporting legislation, and other companies legislation. The company is also subject to other laws and regulations where the consequences of non-compliance could have a material impact on the amounts or disclosures within the financial statements, including employment, anti-bribery, anti-money laundering and certain aspects of companies legislation.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. In any audit, there remains a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.
As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:
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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. |
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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 company’s internal control. |
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Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. |
Bamboo Clothing Ltd
Independent Auditor's Report to the Members of Bamboo Clothing Ltd (continued)
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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. |
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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 auditor’s 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.
......................................
For and on behalf of,
3 Longbridge Road
Plymouth
Marsh Mills
Devon
PL6 8LT
Bamboo Clothing Ltd
Statement of Comprehensive Income for the Year Ended 31 January 2026
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Note |
2026 |
2025 |
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Turnover |
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Cost of sales |
( |
( |
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Gross profit |
|
|
|
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Distribution costs |
( |
( |
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Administrative expenses |
( |
( |
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Operating loss |
(727,434) |
(588,329) |
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Other interest receivable and similar income |
|
|
|
|
Interest payable |
( |
- |
|
|
(7,087) |
4,124 |
||
|
Loss before tax |
( |
( |
|
|
Tax on loss |
( |
|
|
|
Loss for the financial year |
( |
( |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Bamboo Clothing Ltd
(Registration number: 05016435)
Statement of Financial Position as at 31 January 2026
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Note |
2026 |
2025 |
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Fixed assets |
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Tangible assets |
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Current assets |
|||
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Stocks |
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Debtors |
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Cash at bank and in hand |
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|
|
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||
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
|
|
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Net assets |
|
|
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Capital and reserves |
|||
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Called up share capital |
200 |
200 |
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|
Profit and loss account |
1,829,613 |
2,644,699 |
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Shareholders' funds |
1,829,813 |
2,644,899 |
Approved and authorised by the
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Bamboo Clothing Ltd
Statement of Changes in Equity for the Year Ended 31 January 2026
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Share capital |
Profit and loss account |
Total |
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At 1 February 2024 |
|
|
|
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Loss for the year |
- |
( |
( |
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At 31 January 2025 |
200 |
2,644,699 |
2,644,899 |
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Share capital |
Profit and loss account |
Total |
|
|
At 1 February 2025 |
|
|
|
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Loss for the year |
- |
( |
( |
|
At 31 January 2026 |
|
|
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Bamboo Clothing Ltd
Statement of Cash Flows for the Year Ended 31 January 2026
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Note |
2026 |
2025 |
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Cash flows from operating activities |
|||
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Loss for the year |
(815,086) |
(394,410) |
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Adjustments to cash flows from non-cash items |
|||
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Depreciation and amortisation |
|
40,524 |
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Profit on disposal of tangible assets |
- |
(23) |
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Finance income |
( |
(4,124) |
|
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Finance costs |
|
- |
|
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Income tax expense |
|
(189,795) |
|
|
( |
(547,828) |
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Working capital adjustments |
|||
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(Increase)/decrease in stocks |
( |
62,493 |
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(Increase)/decrease in trade debtors |
( |
10,890 |
|
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Increase/(decrease) in trade creditors |
|
(79,768) |
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Cash generated from operations |
( |
(554,213) |
|
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Income taxes received |
- |
38,892 |
|
|
Net cash flow from operating activities |
( |
(515,321) |
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Cash flows from investing activities |
|||
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Interest received |
|
4,124 |
|
|
Acquisitions of tangible assets |
( |
(31,429) |
|
|
Proceeds from sale of tangible assets |
- |
542 |
|
|
Net cash flows from investing activities |
( |
(26,763) |
|
|
Cash flows from financing activities |
|||
|
Interest paid |
( |
- |
|
|
Proceeds from other borrowing draw downs |
|
- |
|
|
Repayment of other borrowing |
( |
- |
|
|
Net cash flows from financing activities |
|
- |
|
|
Net decrease in cash and cash equivalents |
( |
(542,084) |
|
|
Cash and cash equivalents at 1 February |
|
839,110 |
|
|
Cash and cash equivalents at 31 January |
(24,992) |
297,026 |
|
Bamboo Clothing Ltd
Notes to the Financial Statements for the Year Ended 31 January 2026
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
Principal activity
The principal activity of the company is the trade of the retail sale of clothing online.
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
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, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are prepared in sterling which is the functional currency of the entity.
Bamboo Clothing Ltd
Notes to the Financial Statements for the Year Ended 31 January 2026 (continued)
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2 |
Accounting policies (continued) |
Going concern
The financial statements have been prepared on a going concern basis. The directors have prepared forecasts and cash flow projections covering a period of at least 12 months from the date of approval of these financial statements. These forecasts incorporate a number of measures that management is implementing to improve the financial performance of the Company, including cost reduction initiatives, operational efficiencies and actions to increase revenue and profitability.
The Company has experienced challenging trading conditions and has reported unsatisfactory financial results during the current and preceding financial years. The directors have therefore carefully considered the Company's ability to continue as a going concern.
The directors have reviewed the assumptions underlying the forecasts and believe that the planned improvement measures are achievable and will enable the Company to meet its liabilities as they fall due. Accordingly, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and have therefore adopted the going concern basis in preparing these financial statements.
Whilst the directors acknowledge that the Company's recent trading history gives rise to a degree of uncertainty, they remain confident that the actions being taken will improve financial performance and support the Company's ongoing viability.
Judgements
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. |
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. |
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods 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 at the point of sale.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tax
The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Bamboo Clothing Ltd
Notes to the Financial Statements for the Year Ended 31 January 2026 (continued)
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2 |
Accounting policies (continued) |
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.
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, fittings and equipment |
25% reducing balance |
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Fixture, fittings and equipment - conveyor |
10% straight line |
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.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Bamboo Clothing Ltd
Notes to the Financial Statements for the Year Ended 31 January 2026 (continued)
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2 |
Accounting policies (continued) |
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 statement of comprehensive income 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.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
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.
Financial instruments
Recognition and measurement
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.
|
Turnover |
The analysis of the company's turnover for the year from continuing operations is as follows:
Bamboo Clothing Ltd
Notes to the Financial Statements for the Year Ended 31 January 2026 (continued)
|
3 |
Turnover (continued) |
|
2026 |
2025 |
|
|
Online retail sales |
14,614,761 |
14,290,872 |
|
Online wholesale sales |
25,149 |
2,868 |
|
Offline wholesale & exhibition sales |
120,277 |
161,069 |
|
International sales – Europe |
233,801 |
200,170 |
|
Sales refunds |
(2,947,681) |
(2,425,669) |
|
International sales – rest of the world |
90,923 |
77,844 |
|
|
|
The analysis of the company's turnover for the year by market is as follows:
|
2026 |
2025 |
|
|
UK |
|
|
|
Europe |
|
|
|
Rest of world |
|
|
|
|
|
|
Operating loss |
Arrived at after charging/(crediting)
|
2026 |
2025 |
|
|
Depreciation expense |
|
|
|
Foreign exchange losses |
|
|
|
Operating lease expense - property |
|
|
|
Operating lease expense - other |
|
|
|
Profit on disposal |
- |
( |
|
Other interest receivable and similar income |
|
2026 |
2025 |
|
|
Interest income on bank deposits |
|
|
Bamboo Clothing Ltd
Notes to the Financial Statements for the Year Ended 31 January 2026 (continued)
|
Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
|
2026 |
2025 |
|
|
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Pension costs, defined contribution scheme |
|
|
|
|
|
The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:
|
2026 |
2025 |
|
|
Production |
|
|
|
Administration and directors |
|
|
|
Customer service |
|
|
|
Marketing |
|
|
|
Warehouse and returns |
|
|
|
Creative and design |
|
|
|
|
|
|
Directors' remuneration |
The directors' remuneration for the year was as follows:
|
2026 |
2025 |
|
|
Remuneration |
|
|
|
Auditors' remuneration |
|
2026 |
2025 |
|
|
Audit of the financial statements |
|
|
Bamboo Clothing Ltd
Notes to the Financial Statements for the Year Ended 31 January 2026 (continued)
|
Taxation |
Tax charged/(credited) in the statement of comprehensive income
|
2026 |
2025 |
|
|
Current taxation |
||
|
UK corporation tax adjustment to prior periods |
- |
( |
|
Deferred taxation |
||
|
Arising from origination and reversal of timing differences |
|
( |
|
Tax expense/(receipt) in the income statement |
|
( |
The tax on profit before tax for the year is higher than the standard rate of corporation tax in the UK (2025 - the same as the standard rate of corporation tax in the UK) of
The differences are reconciled below:
|
2026 |
2025 |
|
|
Loss before tax |
( |
( |
|
Corporation tax at standard rate |
( |
( |
|
Decrease in tax from adjustment for prior periods |
- |
( |
|
Decrease from effect of different UK tax rates applicable during the year |
- |
( |
|
Effect of expense not deductible in determining taxable profit (tax loss) |
- |
|
|
Effect of tax losses |
- |
|
|
Tax increase from effect of unrelieved tax losses carried forward |
|
- |
|
Deferred tax expense from unrecognised tax loss or credit |
|
- |
|
Total tax charge/(credit) |
|
( |
Bamboo Clothing Ltd
Notes to the Financial Statements for the Year Ended 31 January 2026 (continued)
|
Tangible assets |
|
Fixtures, fittings and equipment |
Total |
|
|
Cost or valuation |
||
|
At 1 February 2025 |
|
|
|
Additions |
|
|
|
At 31 January 2026 |
|
|
|
Depreciation |
||
|
At 1 February 2025 |
|
|
|
Charge for the year |
|
|
|
At 31 January 2026 |
|
|
|
Carrying amount |
||
|
At 31 January 2026 |
|
|
|
At 31 January 2025 |
|
|
|
Stocks |
|
2026 |
2025 |
|
|
Raw materials and consumables |
364,885 |
445,305 |
|
Finished goods and goods for resale |
2,667,061 |
2,424,262 |
|
3,031,946 |
2,869,567 |
|
Debtors |
|
Note |
2026 |
2025 |
|
|
Trade debtors |
|
|
|
|
Other debtors |
|
|
|
|
Prepayments |
|
|
|
|
Deferred tax assets |
- |
|
|
|
Income tax asset |
|
|
|
|
|
|
Bamboo Clothing Ltd
Notes to the Financial Statements for the Year Ended 31 January 2026 (continued)
|
Cash and cash equivalents |
|
2026 |
2025 |
|
|
Cash on hand |
|
- |
|
Cash at bank |
|
|
|
Short-term deposits |
|
|
|
|
|
|
|
Bank overdrafts |
( |
- |
|
Cash and cash equivalents in statement of cash flows |
(24,992) |
297,026 |
|
Creditors |
|
Note |
2026 |
2025 |
|
|
Due within one year |
|||
|
Loans and borrowings |
|
- |
|
|
Trade creditors |
|
923,692 |
|
|
Amounts due to related parties |
|
9,963 |
|
|
Social security and other taxes |
|
207,537 |
|
|
Other payables |
|
13,806 |
|
|
Accruals |
|
95,571 |
|
|
2,250,079 |
1,250,569 |
Bamboo Clothing Ltd
Notes to the Financial Statements for the Year Ended 31 January 2026 (continued)
|
Pension and other schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £
|
Share capital |
Allotted, called up and fully paid shares
|
2026 |
2025 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
200 |
|
200 |
|
Reserves |
Profit and loss account
This reserve records retained earnings and accumulated losses.
Bamboo Clothing Ltd
Notes to the Financial Statements for the Year Ended 31 January 2026 (continued)
|
Loans and borrowings |
Current loans and borrowings
|
2026 |
2025 |
|
|
Bank overdrafts |
|
- |
|
Other borrowings |
|
- |
|
|
- |
|
|
Obligations under leases and hire purchase contracts |
Operating leases
The total of future minimum lease payments is as follows:
|
2026 |
2025 |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
- |
|
|
|
|
|
Related party transactions |
The company has historically paid Mr D Gordon (director) fees for licences owned personally. No amount was paid in the year ended 31 January 2026 (while payments for 31 January 2025 amounted to £24,859). All such amounts have been credited to his director's loan account.
The company paid £5,114 for storage, running costs, and room for festival hire to Divine Wight Limited (2025: £0). Nicole Ball is a director of both Bamboo Clothing Ltd and Divine Wight Ltd.
|
Transactions with directors |
|
2026 |
At 1 February 2025 |
At 31 January 2026 |
|
Director |
( |
( |
|
2025 |
At 1 February 2024 |
Advances to director |
Repayments by director |
At 31 January 2025 |
|
David Gordon |
||||
|
Director |
( |
|
( |
( |