REGISTERED NUMBER: 03417999 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2025

for

Empress Quilts & Textiles Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Hussain

I Hussain

SECRETARY:

REGISTERED OFFICE:

Trust House C/O Isaacs 5 New Augustus

Street

Bradford

BD1 5LL

REGISTERED NUMBER:

03417999 (England and Wales)

ACCOUNTANTS:

Isaacs

Trust House C/O Isaacs

St James Business Park

5 New Augustus Street

Bradford

West Yorkshire

BD1 5LL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

269,369

250,221

269,369

250,221

CURRENT ASSETS

Stocks

330,750

320,559

Debtors

6

526,167

690,932

Cash at bank

47,788

49,449

904,705

1,060,940

CREDITORS

Amounts falling due within one year

7

829,250

1,038,345

NET CURRENT ASSETS

75,455

22,595

TOTAL ASSETS LESS CURRENT LIABILITIES

344,824

272,816

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

344,724

272,716

344,824

272,816

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2026 and were signed on its behalf by:

I Hussain - Director

1.	STATUTORY INFORMATION

Empress Quilts & Textiles 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being

amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets

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

Plant and equipment: 25% on reducing balance and 15% on reducing balance.

The residual values, estimated useful lives and depreciation method of property, plant and equipment are reviewed, and adjusted as appropriate, at each statement of financial position date. The effects of any revision are recognised in the income statement when the change arises.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2024 - 35 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

78,634

AMORTISATION

At 1 September 2024

and 31 August 2025

78,634

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

1,193,629

Additions

65,514

At 31 August 2025

1,259,143

DEPRECIATION

At 1 September 2024

943,408

Charge for year

46,366

At 31 August 2025

989,774

NET BOOK VALUE

At 31 August 2025

269,369

At 31 August 2024

250,221

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

498,333

673,487

Other debtors

27,834

17,445

526,167

690,932

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

47,602

47,602

Trade creditors

223,660

268,919

Taxation and social security

188,187

190,549

Other creditors

369,801

531,275

829,250

1,038,345

8.	SECURED DEBTS

Included within other creditors are invoice discounting facilities of £316,116 (2024 - £517,590), which are secured by fixed charges over the assets to which they relate.