REGISTERED NUMBER: 11532603 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

SERGIO'S MENSWEAR LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Serghides

Mr D Kyriacou

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

11532603 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Tangible assets

4

3,924

1,676

CURRENT ASSETS

Stocks

5

77,250

62,500

Debtors

6

21,486

18,374

Cash at bank and in hand

17,355

48,817

116,091

129,691

CREDITORS

Amounts falling due within one year

7

51,181

50,150

NET CURRENT ASSETS

64,910

79,541

TOTAL ASSETS LESS CURRENT LIABILITIES

68,834

81,217

CREDITORS

Amounts falling due after more than one year

8

22,823

28,203

NET ASSETS

46,011

53,014

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

45,911

52,914

SHAREHOLDERS' FUNDS

46,011

53,014

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2026 and were signed on its behalf by:

Mr M Serghides - Director

1.	STATUTORY INFORMATION

Sergio's Menswear Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents amounts derived from the sale of goods to customers during the year, and is recognised at the date the risks and rewards of ownership of goods were transferred to the customer. This is stated after trade discounts, other sales taxes and net of VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 September 2024

6,466

1,105

7,571

Additions

2,390

1,166

3,556

At 31 August 2025

8,856

2,271

11,127

DEPRECIATION

At 1 September 2024

5,140

755

5,895

Charge for year

929

379

1,308

At 31 August 2025

6,069

1,134

7,203

NET BOOK VALUE

At 31 August 2025

2,787

1,137

3,924

At 31 August 2024

1,326

350

1,676

5.

STOCKS

31.8.25

31.8.24

£

£

Closing Stock

77,250

62,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Other debtors

14,625

14,625

Prepayments

6,861

3,749

21,486

18,374

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

5,285

5,153

Trade creditors

28,106

22,931

Tax

4,065

5,564

VAT

10,103

13,909

Other creditors

1,447

418

Accrued expenses

2,175

2,175

51,181

50,150

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans - 1-2 years

5,285

5,153

Bank loans - 2-5 years

17,538

15,458

Bank loans more 5 yr by instal

-

7,592

22,823

28,203

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

7,592

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

£

100

Ordinary shares

£1

100

100