Foot Shop Limited - Period Ending 2026-02-28

Company Registration number: 01686089

Foot Shop Limited

Annual Report and Financial Statements

for the Year Ended 28 February 2026

Foot Shop Limited

Contents


Company Information	1

Strategic Report	2

Directors' Report	3 to 4

Statement of Directors' Responsibilities	5

Independent Auditor's Report	6 to 9

Profit and Loss Account	10

Statement of Comprehensive Income	11

Balance Sheet	12

Notes to the Financial Statements	13 to 24

Foot Shop Limited

Company Information

Directors

A C Peirce

J Bemmer

J W Lockyer

N Brine

Registered office

5 The Tanyard
Leigh Road
Street
Somerset
BA16 0HR

Auditors

Albert Goodman LLP Goodwood House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

Foot Shop Limited

Strategic Report for the Year Ended 28 February 2026

The directors present their strategic report for the year ended 28 February 2026.

Principal activity

The principal activity of the company is the marketing of "Cosyfeet" branded footwear and specialist products, including socks, hosiery, and related items. The business operates through both retail and wholesale channels, with a primary focus on extra-roomy footwear designed to deliver comfort and fit..

Fair review of the business

Trading conditions have remained challenging, with ongoing economic uncertainty continuing to constrain customer spending power. As a result, customers have adopted more cautious purchasing behaviours, favouring products with greater longevity, reducing purchase frequency, or opting for lower-priced alternatives.

Costs increased across all areas of the business during the year, necessitating disciplined budgeting and robust cost control measures. In addition, US tariffs adversely affected the competitiveness of our product offering in certain markets.

Customer preferences continued to evolve, with growing demand for more contemporary styling. However, expectations for the comfort and fit synonymous with the Cosyfeet brand remain unchanged. We have continued to adapt our product range accordingly.

The business has maintained a strong focus on marketing efficiency, utilising a balanced mix of traditional offline channels and digital platforms to optimise return on investment.

Given the straightforward nature of the company’s operations, the directors consider that a detailed analysis using key performance indicators is not essential for an understanding of the business.

Approved by the Board on 11 August 2026 and signed on its behalf by:

N Brine
Director

Future developments

The company remains mindful of ongoing economic pressures and has adopted a prudent approach to budgeting, with an emphasis on cost control and maximising marketing effectiveness, while continuing to invest in key opportunities for growth.

Marketing efforts will remain focused on customer acquisition, retention, and enhancing brand awareness. Reactivation initiatives will continue, with spend carefully managed in response to performance and return on investment.

We will also continue to work closely with manufacturing partners to enhance product development, improve operational efficiency, and reduce overhead costs.

Principal risks and uncertainties

Customer acquisition and retention remain key challenges for the business. Continued economic uncertainty and pressure on household finances are impacting consumer confidence and reducing discretionary spending capacity.

Foot Shop Limited

Directors' Report for the Year Ended 28 February 2026

The directors present their report and the financial statements for the year ended 28 February 2026.

Directors of the company

The directors who held office during the year were as follows:

A C Peirce

J Bemmer

J W Lockyer

N Brine

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 Albert Goodman LLP are deemed to be reappointed under section 487(2) of the Companies Act 2006.

Financial instruments

Objectives and policies

The company's principal financial instruments comprise bank balances, trade creditors and trade debtors. The main purpose of these instruments is to finance the company's operations. The company's approach to managing risks applicable to the financial instruments concerned is shown below.

Price risk, credit risk, liquidity risk and cash flow risk

In respect of bank balances, the liquidity risk is managed by maintaining a balance between ensuring the availability of sufficient liquid resources to settle obligations as they fall due for payment and the longer term investment of surplus funds.

Trade debtors are managed in respect of credit and cash flow by policies concerning the credit offered to customers and the regular monitoring of amounts outstanding for both time and credit limits.

Trade creditors liquidity risk is managed by ensuring sufficient funds are available to meet the amounts due.

The price risk relating to the purchases being made from abroad is managed by maintaining bank accounts in foreign currencies, by frequent review of the exchange rates and by entering into forward contracts.

Foot Shop Limited

Directors' Report for the Year Ended 28 February 2026

Future Developments

The future developments of the business are included within the strategic report.

Approved by the Board on 11 August 2026 and signed on its behalf by:

N Brine
Director

Foot Shop Limited

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:

•	select suitable accounting policies and apply them consistently;

•	make judgements and accounting estimates that are reasonable and prudent;

•	state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; 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.

Foot Shop Limited

Independent Auditor's Report to the Members of Foot Shop Limited

Opinion

We have audited the financial statements of Foot Shop Limited (the 'company') for the year ended 28 February 2026, which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, 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 28 February 2026 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 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.

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.

Foot Shop Limited

Independent Auditor's Report to the Members of Foot Shop Limited

Opinion on other matter 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 Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

•	the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

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.

Matters on which we are required to report by exception

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 set out on page 5, 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

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:

Foot Shop Limited

Independent Auditor's Report to the Members of Foot Shop Limited

The extent to which the audit was considered capable of detecting irregularities including fraud

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

•	the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
•	we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the retail sector;
•	we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation, data protection, anti-bribery, employment and health and safety legislation;
•	we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
•	identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

•	making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
•	considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

•	performed analytical procedures to identify any unusual or unexpected relationships;
•	tested journal entries to identify unusual transactions and;
•	assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
•	investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

•	agreeing financial statement disclosures to underlying supporting documentation;
•	reading the minutes of meetings of those charged with governance and;
•	enquiring of management as to actual and potential litigation and claims.

Foot Shop Limited

Independent Auditor's Report to the Members of Foot Shop Limited

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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.

Robert Oram BFP FCA (Senior Statutory Auditor)
For and on behalf of Albert Goodman LLP, Statutory Auditor

Goodwood House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

12 August 2026

Foot Shop Limited

Profit and Loss Account
for the Year Ended 28 February 2026

	Note	2026 £	2025 £
Turnover	3	10,676,152	11,934,976
Cost of sales		(4,931,026)	(5,448,444)
Gross profit		5,745,126	6,486,532
Administrative expenses		(5,558,626)	(5,906,710)
Operating profit	4	186,500	579,822
Other interest receivable and similar income	5	15,346	20,219
Interest payable and similar charges	6	(103)	(5)
Profit before tax		201,743	600,036
Taxation	10	(57,019)	(153,546)
Profit for the financial year		144,724	446,490

The above results were derived from continuing operations.

Foot Shop Limited

Statement of Comprehensive Income
for the Year Ended 28 February 2026

	2026 £	2025 £
Profit for the year	144,724	446,490
Total comprehensive income for the year	144,724	446,490

Foot Shop Limited

(Registration number: 01686089)
Balance Sheet as at 28 February 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	11	-	16,693
Tangible assets	12	84,001	91,258
		84,001	107,951
Current assets
Stocks	13	1,950,311	1,909,366
Debtors	14	842,953	957,315
Cash at bank and in hand		797,371	1,144,683
		3,590,635	4,011,364
Creditors: Amounts falling due within one year	16	(746,700)	(730,810)
Net current assets		2,843,935	3,280,554
Total assets less current liabilities		2,927,936	3,388,505
Provisions for liabilities	17	(13,053)	(18,346)
Net assets		2,914,883	3,370,159
Capital and reserves
Called up share capital		100,000	100,000
Retained earnings		2,814,883	3,270,159
Shareholders' funds		2,914,883	3,370,159

Approved and authorised by the Board on 11 August 2026 and signed on its behalf by:

N Brine
Director

Foot Shop Limited

Notes to the Financial Statements
for the Year Ended 28 February 2026

1	General information

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

The address of its registered office is:
5 The Tanyard
Leigh Road
Street
Somerset
BA16 0HR
England

2	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 UK and Republic of Ireland'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except for the modification to a fair value basis for certain financial instruments as specified in the accounting policies below.

These financial statements are presented in Sterling (£).

Summary of disclosure exemptions

The company meets the definition of a qualifying entity under FRS 102 and has therefore taken advantage of the disclosure exemptions available to it in respect of its financial statements. The company has elected to take the exemption not to present the company statement of cash flows, on the basis that BBLP Holdings Limited includes the company’s cash flows in its consolidated financial statements.

Turnover recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

Turnover arising from the sale of goods is recognised when the goods are despatched.

Foot Shop Limited

Notes to the Financial Statements
for the Year Ended 28 February 2026

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 rates prevailing on the initial transaction dates.

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

Exchange differences are recognised in the profit and loss in the period in which they arise.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.

The current 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 income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Deferred tax liabilities are recognised within provisions for liabilities in the balance sheet.

Tangible assets

Tangible assets are stated at cost, less accumulated depreciation and 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, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Short leasehold land and buildings	Over the term of the lease
Plant and equipment	Between 15% and 33% straight line
Motor vehicles	25% reducing balance

Intangible assets

Intangible assets are stated at cost less accumulated amortisation and impairment losses.

Foot Shop Limited

Notes to the Financial Statements
for the Year Ended 28 February 2026

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Website development costs	33.33% straight line from when the asset is brought into use

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.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Other debtors and loans receivable are initially recognised at fair value net of transaction costs and are subsequently measured at amortised cost using the effective interest method less provision for impairment.

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. Stock is recognised on receipt of goods.

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.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Short term trade creditors are measured at the transaction price, which is deemed to equate to amortised cost. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Foot Shop Limited

Notes to the Financial Statements
for the Year Ended 28 February 2026

Reserves

Called up share capital represents the nominal value of shares that have been issued.

The revaluation reserve is the surplus or deficit arising on the valuation of investment properties to fair value.

Profit and loss account includes all current and prior period profits and losses.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as an expense in the profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

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.

Derivative financial instruments and hedging

The company uses forward foreign currency contracts to reduce the exposure to foreign exchange rates.

Derivative financial instruments are initially measured at fair value on the date on which a derivative contract is entered into are subsequently measured at fair value through profit and loss. Derivatives are carried as assets where the fair value is positive and as liabilities when the fair value is negative.

The fair value of the forward currency contracts is calculated by reference to current forward exchange contracts with similar maturity profiles.

Foot Shop Limited

Notes to the Financial Statements
for the Year Ended 28 February 2026

3

Turnover

The analysis of the company's Turnover for the year from continuing operations is as follows:

	2026 £	2025 £
Sale of goods	10,676,152	11,934,976

The analysis of the company's Turnover for the year by market is as follows:

	2026 £	2025 £
UK	9,211,723	9,943,827
Europe	381,328	400,591
Rest of world	1,083,101	1,590,558
	10,676,152	11,934,976

4	Operating profit

Arrived at after charging/(crediting)

	2026 £	2025 £
Depreciation expense	63,367	67,854
Amortisation expense	16,693	40,872
Foreign exchange losses	10,646	11,436
Operating lease expense - property	92,784	96,479
Operating lease expense - plant and machinery	8,464	8,466

Foot Shop Limited

Notes to the Financial Statements
for the Year Ended 28 February 2026

5	Other interest receivable and similar income

	2026 £	2025 £
Interest income on bank deposits	15,346	20,219

6	Interest payable and similar expenses

	2026 £	2025 £
Interest on bank overdrafts and borrowings	103	5

7	Staff costs

The aggregate payroll costs (including directors' remuneration) were as follows:

	2026 £	2025 £
Wages and salaries	1,255,561	1,358,404
Social security costs	139,650	111,325
Other short-term employee benefits	19,817	19,195
Pension costs, defined contribution scheme	181,841	192,244
	1,596,869	1,681,168

The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:

	2026 No.	2025 No.
Administration and support	19	21
Sales, marketing and distribution	39	43
Other departments	4	4
	62	68

Foot Shop Limited

Notes to the Financial Statements
for the Year Ended 28 February 2026

8	Directors' remuneration

The directors' remuneration for the year was as follows:

	2026 £	2025 £
Remuneration	40,922	54,059
Contributions paid to money purchase schemes	39,174	44,658
	80,096	98,717

During the year the number of directors who were receiving benefits and share incentives was as follows:

	2026 No.	2025 No.
Accruing benefits under defined benefit pension scheme	4	4

9	Auditors' remuneration

	2026 £	2025 £
Audit of the financial statements	15,460	15,000

Foot Shop Limited

Notes to the Financial Statements
for the Year Ended 28 February 2026

10

Taxation

Tax charged/(credited) in the profit and loss account

	2026 £	2025 £
Current taxation
UK corporation tax	62,312	169,679
Deferred taxation
Arising from origination and reversal of timing differences	(5,293)	(16,133)
Tax expense in the income statement	57,019	153,546

The tax on profit before tax for the year is the same as the standard rate of corporation tax in the UK (2025 - the same as the standard rate of corporation tax in the UK) of 25% (2025 - 25%).

The differences are reconciled below:

	2026 £	2025 £
Profit before tax	201,743	600,036
Corporation tax at standard rate	50,436	150,009
Tax increase from other short-term timing differences	-	1,202
Effect of expense not deductible in determining taxable profit (tax loss)	9,545	4,465
Tax decrease arising from group relief	(2,962)	(2,130)
Total tax charge	57,019	153,546

Foot Shop Limited

Notes to the Financial Statements
for the Year Ended 28 February 2026

11	Intangible assets

	Website development costs £	Total £
Cost or valuation
At 1 March 2025	214,975	214,975
At 28 February 2026	214,975	214,975
Amortisation
At 1 March 2025	198,282	198,282
Amortisation charge	16,693	16,693
At 28 February 2026	214,975	214,975
Carrying amount
At 28 February 2026	-	-
At 28 February 2025	16,693	16,693

12	Tangible assets

	Land and buildings £	Plant and machinery £	Total £
Cost or valuation
At 1 March 2025	67,889	1,645,469	1,713,358
Additions	-	56,110	56,110
At 28 February 2026	67,889	1,701,579	1,769,468
Depreciation
At 1 March 2025	52,682	1,569,418	1,622,100
Charge for the year	4,090	59,277	63,367
At 28 February 2026	56,772	1,628,695	1,685,467
Carrying amount
At 28 February 2026	11,117	72,884	84,001
At 28 February 2025	15,207	76,051	91,258

Included within the net book value of land and buildings above is £Nil (2025 - £Nil) in respect of long leasehold land and buildings and £11,117 (2025 - £15,207) in respect of short leasehold land and buildings.

Foot Shop Limited

Notes to the Financial Statements
for the Year Ended 28 February 2026

13

Stocks

	2026 £	2025 £
Finished goods and goods for resale	1,950,311	1,909,366

14

Debtors

Current	2026 £	2025 £
Trade debtors	172,602	154,662
Other debtors	153	598
Prepayments	285,632	243,655
Owed by/(from) parent undertakings	384,566	558,400
	842,953	957,315

15	Cash and cash equivalents

	2026 £	2025 £
Cash on hand	812	760
Cash at bank	796,559	1,143,923
	797,371	1,144,683

16

Creditors

	Note	2026 £	2025 £
Due within one year
Trade creditors		488,070	456,664
Social security and other taxes		121,787	169,740
Outstanding defined contribution pension costs		16,489	15,865
Other creditors		30,169	30,169
Accrued expenses		66,057	56,556
Corporation tax	10	24,128	1,816
		746,700	730,810

Foot Shop Limited

Notes to the Financial Statements
for the Year Ended 28 February 2026

17	Provisions for liabilities

	Deferred tax £	Total £
At 1 March 2025	18,346	18,346
Increase (decrease) in existing provisions	(5,293)	(5,293)
At 28 February 2026	13,053	13,053

Deferred tax

Deferred tax assets and liabilities:

2026	Asset £	Liability £
Difference between accumulated depreciation and capital allowances	-	13,053
	-	13,053

2025	Asset £	Liability £
Difference between accumulated depreciation and capital allowances	-	18,346
	-	18,346

18	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	90,835	90,835
Later than one year and not later than five years	151,918	238,963
	242,753	329,798

The amount of non-cancellable operating lease payments recognised as an expense during the year was £101,248 (2025 - £104,945).

Foot Shop Limited

Notes to the Financial Statements
for the Year Ended 28 February 2026

19

Dividends

	2026	2025
	£	£
Interim dividend of £5.00 (2025 - £5.00) per ordinary share	600,000	500,000

20	Related party transactions

Summary of transactions with parent

The company has taken advantage not to disclose transactions with its parent company on the grounds it is a wholly owned subsidiary.

21	Parent and ultimate parent undertaking

The company's immediate parent is BBLP Holdings Limited, incorporated in England.

The most senior parent entity producing publicly available financial statements is BBLP Holdings Limited. These financial statements are available upon request from Companies House, Crown Way, Cardiff, CF14 3UZ.

22	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 £181,841 (2025 - £192,244). Contributions totalling £Nil (2025 - £Nil) were payable to the scheme at the end of the year.