Registration number:
Sekers Fabrics Limited
for the Period from 30 November 2024 to 28 November 2025
Sekers Fabrics Limited
Contents
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Company Information |
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Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
Sekers Fabrics Limited
Company Information
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Directors |
Mr Ian Worf Mr Ian Tatnell |
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Registered office |
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Solicitors |
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Accountants |
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Sekers Fabrics Limited
(Registration number: SC182448)
Statement of Financial Position as at 28 November 2025
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Note |
2025 |
2024 |
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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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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
1,554,002 |
1,554,002 |
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Retained earnings |
270,853 |
153,895 |
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Shareholders' funds |
1,824,855 |
1,707,897 |
Sekers Fabrics Limited
(Registration number: SC182448)
Statement of Financial Position as at 28 November 2025
For the financial period ending 28 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.
Approved and authorised by the
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Sekers Fabrics Limited
Notes to the Unaudited Financial Statements for the Period from 30 November 2024 to 28 November 2025
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General information |
The company is a private company limited by share capital, incorporated in Scotland.
The address of its registered office is:
These financial statements were authorised for issue by the
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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 Section 1A - 'The Financial Reporting Standard applicable in the UK 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 presented in Sterling (£) and are rounded to the nearest £1.
Going concern
These accounts have been prepared having regard to the company's trading forecasts. These forecasts include detailed cashflow projections.
Notwithstanding the above, given the current economic environment, there remains a risk that the external trading environment may be worse than currently envisaged, and as a result, the directors have also reviewed forecasts which include sensitivities that make allowance for that risk. Should such a scenario arise, the directors have confidence that they have adequate liquidity to ensure that the company can meet its liabilities as they fall due for the foreseeable future. Also a letter of support has been received from the vendors indicating that they will continue to support the group.
Given all of the above the directors consider that it is appropriate to prepare these accounts on a going concern basis.
Sekers Fabrics Limited
Notes to the Unaudited Financial Statements for the Period from 30 November 2024 to 28 November 2025
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Accounting policies (continued) |
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Foreign currency transactions and balances
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
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.
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:
Sekers Fabrics Limited
Notes to the Unaudited Financial Statements for the Period from 30 November 2024 to 28 November 2025
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Accounting policies (continued) |
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Asset class |
Depreciation method and rate |
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Plant & machinery |
20% reducing balance |
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Fixtures & fittings |
33% reducing balance |
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Motor vehicles |
25% reducing balance |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and on deposit.
Trade 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. 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.
Stocks
Stock is valued at the lower of cost and net realisable value. Costs represents materials, freight and handling charges. Net realisable value is based on estimated selling price, less further costs expected to be incurred to completion or disposal.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.
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.
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.
Sekers Fabrics Limited
Notes to the Unaudited Financial Statements for the Period from 30 November 2024 to 28 November 2025
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Accounting policies (continued) |
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
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Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Sekers Fabrics Limited
Notes to the Unaudited Financial Statements for the Period from 30 November 2024 to 28 November 2025
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Tangible assets |
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Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 30 November 2024 |
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Additions |
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At 28 November 2025 |
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Depreciation |
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At 30 November 2024 |
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Charge for the period |
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At 28 November 2025 |
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Carrying amount |
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At 28 November 2025 |
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At 29 November 2024 |
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Sekers Fabrics Limited
Notes to the Unaudited Financial Statements for the Period from 30 November 2024 to 28 November 2025
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Stocks |
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2025 |
2024 |
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Raw materials and consumables |
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Finished goods and goods for resale |
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Other inventories |
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Debtors |
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Current |
Note |
2025 |
2024 |
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Trade debtors |
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Amounts owed by related parties |
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Prepayments |
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Other debtors |
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Sekers Fabrics Limited
Notes to the Unaudited Financial Statements for the Period from 30 November 2024 to 28 November 2025
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Creditors |
Creditors: amounts falling due within one year
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2025 |
2024 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
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2025 |
2024 |
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No. |
£ |
No. |
£ |
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1,554,002 |
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1,554,002 |
Sekers Fabrics Limited
Notes to the Unaudited Financial Statements for the Period from 30 November 2024 to 28 November 2025
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Obligations under leases and hire purchase contracts |
Operating leases
The total of future minimum lease payments is as follows:
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2025 |
2024 |
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Not later than one year |
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Later than one year and not later than five years |
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The amount of non-cancellable operating lease payments recognised as an expense during the period was £
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Financial commitments, guarantees and contingencies |
Amounts not provided for in the statement of financial position
The banking facilities are secured by a bond and floating charges over the assets of the group. There were no bank overdrafts outstanding at the year end.
Worell Ltd, the parent company, has a bank loan outstanding at the year end. The loan facilities are secured by a guarantee over all group companies and a bond and floating charge by each group company. An intercreditor agreement is also in place.
An invoice discounting facility is in place at the year end where there is a floating charge and a multi party unlimited guarantee over all group companies.
Sekers Fabrics Limited
Notes to the Unaudited Financial Statements for the Period from 30 November 2024 to 28 November 2025
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Related party transactions |
Summary of transactions with parent and other group members
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Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate parent is
There is no ultimate controlli