REGISTERED NUMBER: 00299639 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

GRAHAME GARDNER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J R S Greenlees

S L Lowe

S A Ward

K S A Mckay

SECRETARY:

J R S Greenlees

REGISTERED OFFICE:

Woodside House

218 London Road

Leicester

LE2 1NE

REGISTERED NUMBER:

00299639 (England and Wales)

ACCOUNTANTS:

Magma Audit LLP (part of the Dains Group)

Lakeside House

4 Smith Way

Grove Park

Leicester

LE19 1SX

FIXED ASSETS

Intangible assets

4

18,855

27,235

Tangible assets

5

15,333

18,591

34,188

45,826

CURRENT ASSETS

Stocks

740,019

850,953

Debtors

6

865,765

794,466

Cash at bank and in hand

193,099

285,598

1,798,883

1,931,017

CREDITORS

Amounts falling due within one year

7

(843,250

)

(813,083

)

NET CURRENT ASSETS

955,633

1,117,934

TOTAL ASSETS LESS CURRENT LIABILITIES

989,821

1,163,760

CREDITORS

Amounts falling due after more than one year

8

(5,900

)

(5,900

)

PROVISIONS FOR LIABILITIES

(4,400

)

(6,300

)

NET ASSETS

979,521

1,151,560

CAPITAL AND RESERVES

Called up share capital

13,869

13,869

Retained earnings

965,652

1,137,691

979,521

1,151,560

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 29 August 2026 and were signed on its behalf by:

J R S Greenlees - Director

1.	STATUTORY INFORMATION

Grahame Gardner Limited is a limited company, registered in England and Wales. Its registered office address is Woodside House, 218 London Road, Leicester, LE2 1NE and the registered number is 00299639.

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.

The presentational currency of the financial statements is the Pound Sterling (£) and amounts are rounded to the nearest £1.

Turnover

Turnover, which is derived from sales of workwear and uniforms, is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of goods

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the

goods have passed to the buyer usually on dispatch of the goods.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Plant & machinery

- 10%

straight line

Computer equipment

- 25%

straight line

The asset's residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

Financial instruments

(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors 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.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate.

Taxation

The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2024 - 27 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 December 2024

and 30 November 2025

33,520

AMORTISATION

At 1 December 2024

6,285

Charge for year

8,380

At 30 November 2025

14,665

NET BOOK VALUE

At 30 November 2025

18,855

At 30 November 2024

27,235

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 December 2024

27,560

140,673

168,233

Additions

121

4,755

4,876

At 30 November 2025

27,681

145,428

173,109

DEPRECIATION

At 1 December 2024

22,309

127,333

149,642

Charge for year

609

7,525

8,134

At 30 November 2025

22,918

134,858

157,776

NET BOOK VALUE

At 30 November 2025

4,763

10,570

15,333

At 30 November 2024

5,251

13,340

18,591

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

649,538

484,712

Amounts owed by group undertakings

176,261

204,314

Other debtors

39,966

105,440

865,765

794,466

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

332,032

356,668

Amounts owed to group undertakings

335,356

265,940

Taxation and social security

155,440

151,059

Other creditors

20,422

39,416

843,250

813,083

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

5,900

5,900

The above represents preference share capital treated as debt.

The rights attaching to the preference shares are as follows:

i) A fixed cumulative preferential dividend each year at the rate of 4.2% per annum on capital paid up;

ii) On a return of capital or liquidation the surplus assets of the company after payment of its liabilities shall be applied first in repayment to the holders of the preference shares the amounts paid up together with any dividend arrears; and

iii) To attend General Meetings of the company and have one vote for every ten preference shares held.

9.	OTHER FINANCIAL COMMITMENTS

Operating lease commitments not included in the balance sheet amount to £161,940 (2024 - £81,822).

10.	RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption provided in FRS 102 Section 1A from disclosing transactions with members of the same group that are wholly owned.