The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard).

The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

As at 30 November 2025, the company's total liabilities exceeded its total assets by £2,053,611 (2024: £965,740). In assessing the appropriateness of the going concern basis, the directors have given consideration to the following.


During the year ended 30 November 2025, the company completed a fundraising round in which 2,681 A Ordinary shares were issued to Pembroke VCT Plc, raising proceeds of £1,099,929. On 14 August 2025, the company also entered into an unsecured convertible loan agreement with Pembroke VCT Plc for a facility of up to £500,000, carrying interest at 8% per annum and repayable five years and one day from the date of the agreement, with an option for Pembroke VCT Plc to convert the outstanding balance into equity prior to the repayment date.

The directors have prepared cash flow forecasts for a period of not less than 12 months from the date of approval of these financial statements. Having regard to these forecasts, the proceeds of the equity fundraise, the availability of the convertible loan facility, and the continued support of Pembroke VCT Plc, the directors have a reasonable expectation that the company will have adequate resources to continue in operational existence for at least 12 months from the date of approval of the financial statements. Accordingly, the going concern basis of accounting continues to be adopted in preparing these financial statements.

Turnover represents the fair value of consideration received or receivable from the sale of clothing and footwear, net of discounts, returns, value added tax and other sales taxes.

The company sells goods to customers through its own website and via third-party online marketplaces. Revenue is recognised when the significant risks and rewards of ownership have transferred to the customer, which is considered to occur upon dispatch of goods to the customer.

Where goods are sold through third-party platforms, turnover is recognised on a gross basis where the company acts as principal in the transaction. Commissions and fees payable to platform operators are recognised as a cost of sale.

Provision is made for expected returns based on historical return rates, and revenue is recognised only to the extent that it is probable that it will not be reversed when the right of return period expires.

Where sales are denominated in foreign currencies, turnover is translated at the exchange rate prevailing at the date of the transaction. Exchange gains and losses arising on settlement are recognised within other operating income.

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured 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.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.

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

Related party relationships and transactions are identified in accordance with FRS 102. Transactions with related parties are recognised at the transaction amount, unless otherwise required by the standard. Where material related party transactions have occurred during the year, these are disclosed in the notes to the financial statements.

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Where the Company grants equity-settled share options to employees, the fair value of the options at the date of grant is recognised as an expense in the profit and loss account, with a corresponding credit to a share-based payment reserve within equity.

The company has elected to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments Issues of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.


Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.