Company registration number 08542424 (England and Wales)
WHERE IT ALL STARTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
WHERE IT ALL STARTS LIMITED
COMPANY INFORMATION
Director
Mr T Harman
Company number
08542424
Registered office
217 Fleet Road
Fleet
GU51 3BN
Accountants
Kirk Rice LLP
Victoria House
178-180 Fleet Road
Fleet
Hampshire
GU51 4DA
WHERE IT ALL STARTS LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
WHERE IT ALL STARTS LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF WHERE IT ALL STARTS LIMITED FOR THE YEAR ENDED 31 MARCH 2026
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Where It All Starts Limited for the year ended 31 March 2026 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Where It All Starts Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Where It All Starts Limited and state those matters that we have agreed to state to the Board of Directors of Where It All Starts Limited, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Where It All Starts Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Where It All Starts Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Where It All Starts Limited. You consider that Where It All Starts Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Where It All Starts Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Kirk Rice LLP
Victoria House
178-180 Fleet Road
Fleet
Hampshire
GU51 4DA
14 August 2026
WHERE IT ALL STARTS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 2 -
2026
2025
as restated
Notes
£
£
£
£
Fixed assets
Tangible assets
4
40,885
45,847
Current assets
Stocks
93,268
84,000
Debtors
5
12,293
1,359
Cash at bank and in hand
5,692
16,195
111,253
101,554
Creditors: amounts falling due within one year
6
(130,961)
(118,856)
Net current liabilities
(19,708)
(17,302)
Total assets less current liabilities
21,177
28,545
Creditors: amounts falling due after more than one year
7
(9,701)
(21,090)
Net assets
11,476
7,455
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
11,474
7,453
Total equity
11,476
7,455
WHERE IT ALL STARTS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2026
31 March 2026
- 3 -

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 14 August 2026
Mr T Harman
Director
Company registration number 08542424 (England and Wales)
WHERE IT ALL STARTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 4 -
1
Accounting policies
Company information

Where It All Starts Limited is a private company limited by shares incorporated in England and Wales. The registered office is 217 Fleet Road, Fleet, GU51 3BN.

1.1
Basis of preparation

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

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

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

1.2
Turnover

Turnover represents the value of clothing and related goods sold to customers in the ordinary course of business, net of returns, discounts and Value Added Tax.

Revenue from the sale of goods is recognised at the point the goods are supplied to the customer and the significant risks and rewards of ownership have passed. All customer sales are settled by debit card, credit card or other electronic payment methods at the time of purchase. No cash sales are undertaken by the company.

Amounts received from card payment providers are recognised as turnover at the gross sales value, with merchant processing charges recognised separately as administrative expenses.

1.3
Tangible fixed assets

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

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

Plant and equipment
25% on cost
Fixtures and fittings
25% on cost
Computers
25% on cost
Motor vehicles
10% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

WHERE IT ALL STARTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 5 -
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the financial instrument.

Classification of financial liabilities

Creditors are not interest bearing and are included at their nominal value.

1.7
Taxation

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

Current tax

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

1.8
Retirement benefits

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

1.9
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the lia bility.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

WHERE IT ALL STARTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 6 -
3
Employees

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

2026
2025
Number
Number
Total
1
1
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2025
1,012
6,538
125
48,190
55,865
Additions
-
0
-
0
940
-
0
940
Disposals
(303)
-
0
-
0
-
0
(303)
At 31 March 2026
709
6,538
1,065
48,190
56,502
Depreciation and impairment
At 1 April 2025
1,012
3,660
125
5,221
10,018
Depreciation charged in the year
-
0
907
176
4,819
5,902
Eliminated in respect of disposals
(303)
-
0
-
0
-
0
(303)
At 31 March 2026
709
4,567
301
10,040
15,617
Carrying amount
At 31 March 2026
-
0
1,971
764
38,150
40,885
At 31 March 2025
-
0
2,878
-
0
42,969
45,847
5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Other debtors
12,293
1,359
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans
1,664
10,000
Trade creditors
87,133
69,542
Taxation and social security
25,198
23,907
Other creditors
16,966
15,407
130,961
118,856
WHERE IT ALL STARTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 7 -
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
-
0
1,664
Other creditors
9,701
19,426
9,701
21,090
8
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2026
2025
£
£
Total commitments
148,333
168,333
9
Prior period adjustment
Reconciliation of changes in equity
1 April
31 March
2024
2025
£
£
Adjustments to prior year
Correction to corporation tax provision
-
7,401
Equity as previously reported
3,238
54
Equity as adjusted
3,238
7,455
Analysis of the effect upon equity
Profit and loss reserves
-
7,401
Notes to reconciliation

As a result of a material error in the corporation tax provision in the previous period's financial statements, a prior year adjustment has been included to reflect the tax liability per the corrected corporation tax computation. The error related to an item which was incorrectly disallowed in the original computation.

There has been no impact on the profit before tax in the prior period, and the only impact to the reported net assets is within the corporation tax liability.

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