Elizabeth Bradley Design (2006) Limited


ELIZABETH BRADLEY DESIGN (2006) LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2025



































Company Registration Number: 05936979

ELIZABETH BRADLEY DESIGN (2006) LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the financial statements									4 to 12

ELIZABETH BRADLEY DESIGN (2006) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2025


DIRECTORS

Nancy Young
Robert Young


SECRETARY

Edwina Evans


REGISTERED OFFICE

Unit E & F2 Llys-y-Dderwen
Ffordd Gelli Morgan
Parc Menai
Bangor
Wales
LL57 4BL


COMPANY REGISTRATION NUMBER

05936979 England and Wales

ELIZABETH BRADLEY DESIGN (2006) LIMITED

BALANCE SHEET
AS AT 31 DECEMBER 2025


	Notes	2025		2024
		£		£

FIXED ASSETS
Intangible assets	5		59,365		71,429
Tangible assets	6		108,402		143,397


			167,767		214,826

CURRENT ASSETS
Stock		735,865		762,585
Debtors	7	69,332		65,343
Cash at bank and in hand		201,672		110,707


		1,006,869		938,635

CREDITORS: Amounts falling due within one year	8	3,968,923		4,089,144
CREDITORS: Amounts falling due within one year


NET CURRENT LIABILITIES			(2,962,054)		(3,150,509)


NET LIABILITIES			(2,794,287)		(2,935,683)


CAPITAL AND RESERVES
Called up share capital			1		1
Share premium account			199,999		199,999
Distributable profit and loss account			(2,994,287)		(3,135,683)


SHAREHOLDER'S DEFICIT			(2,794,287)		(2,935,683)

ELIZABETH BRADLEY DESIGN (2006) LIMITED

BALANCE SHEET
AS AT 31 DECEMBER 2025


These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.


Signed on behalf of the board of directors




Robert Young						Nancy Young
Director						Director

Date approved by the board: 1 September 2026

ELIZABETH BRADLEY DESIGN (2006) LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025


1	GENERAL INFORMATION

	Elizabeth Bradley Design (2006) Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:

	Unit E & F2 Llys-y-Dderwen
	Ffordd Gelli Morgan
	Parc Menai
	Bangor
	Wales
	LL57 4BL

	The financial statements are presented in Sterling, which is the functional currency of the company.

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of preparation of financial statements

	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

	Going concern

	The accounts have been drawn up on the going concern basis. The company owes its parent company £3,048,583 and the directors £721,982, both of which could be required for repayment without notice. The company is therefore dependent upon the continued support of its parent company and the directors. The directors do not consider their own support nor the support of the parent company likely to be withdrawn.

	If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for additional liabilities that might arise and to reclassify fixed assets as current assets.


	Revenue recognition

	Turnover is measured at the fair value of consideration received or receivable and represents the sale of needlework and embroidery kits, stated net of trade discounts and value added tax.

	The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.

ELIZABETH BRADLEY DESIGN (2006) LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Intangible fixed assets

	Intangible fixed assets, other than goodwill, are stated at cost less accumulated amortisation and any accumulated impairment losses. It is amortised on a straight-line basis over its useful economic life of 10 years.

	Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. At acquisition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses.

	Goodwill amortisation is charged on a straight line basis so as to write off the cost of the asset, less its residual value assumed to be zero, over its useful economic life, which is estimated to be 10 years.

	If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new expectations.


	Tangible fixed assets

	Fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

	Depreciation has been provided at the following rate so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives.

	Leasehold improvements					Straight line basis at 20% per annum
	Plant and machinery					Reducing balance basis at 25% and straight line basis at 33.3% per annum

	On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses.

ELIZABETH BRADLEY DESIGN (2006) LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Financial Instruments

	A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

	The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

	Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through the profit and loss account.

	Basic financial assets and financial liabilities are initially recognised at transaction price and measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. They are subsequently carried at their amortised cost using the effective interest rate method, less any provision for impairment. If the effect of the time value of money is immaterial, they are measured at cost less impairment.

	Basic financial assets and liabilities which are measured at cost or amortised cost are reviewed for objective impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss account immediately.

Any reversals of impairment are recognised in the profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset or liability which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.


	Financing transactions are measured at the present value of the future receipts discounted at a market rate of interest. They are subsequently measured at amortised costs using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

ELIZABETH BRADLEY DESIGN (2006) LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Impairment of non-financial assets

	At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account.

	Stocks are assessed for impairment at each reporting date. The carrying amount of each item of stock, or group of similar items, is compared with its selling price less cost to complete and sell. If an item of stock, or group of similar items, is impaired its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in the profit and loss account.

	If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account.


	Stock

	Stock has been valued at the lower of cost and estimated selling price less cost to complete and sell, after making due allowance for obsolete and slow-moving items. Cost comprises the cost of goods purchased valued on a first in first out basis.

	The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.


	Debtors

	Short term debtors are measured at transaction price, less any impairment.

	Creditors

	Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.

ELIZABETH BRADLEY DESIGN (2006) LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Leases

	Leases are classified as finance leases when they transfer substantially all the risks and rewards of ownership of the leased assets to the company. Other leases that do not transfer substantially all the risks and rewards of ownership of the leased assets to the company are classified as operating leases.

	Payments applicable to operating leases are charged against profit on a straight line basis over the lease term.

	Payments received under operating leases are recognised as income over the lease term on a straight-line basis.

	Foreign currencies

	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction.

	Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the rate of exchange prevailing at that date. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit or loss.


	Pensions

	The company operates a defined contribution pension scheme. The amount charged to the profit and loss account in respect of pension costs and other post-retirement benefits is the amount payable in the year. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments in the balance sheet.

	Research and development

	Expenditure on research is written off against profits in the year in which it is incurred. Development expenditure is capitalised and recognised in accordance with the company's policy for intangible fixed assets.

	Development costs have been capitalised because they relate to trade marks and image rights relating to the company.


3	CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

	The directors have made key assumptions in determining the useful economic life of intangible assets.

ELIZABETH BRADLEY DESIGN (2006) LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025


4	EMPLOYEES

	The average number of persons employed by the company (including directors) during the year was:

				2025	2024
	Average number of employees			15	15


5	INTANGIBLE FIXED ASSETS
		Net goodwill	Development costs		Total
		£		£	£
	Cost
	At 1 January 2025	128,819		15,415	144,234


	At 31 December 2025	128,819		15,415	144,234


	Accumulated amounts written off
	At 1 January 2025	61,801		11,004	72,805

	Charge for year	10,582		1,482	12,064


	At 31 December 2025	72,383		12,486	84,869


	Net book value
	At 1 January 2025	67,018		4,411	71,429


	At 31 December 2025	56,436		2,929	59,365

ELIZABETH BRADLEY DESIGN (2006) LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025


6	TANGIBLE ASSETS
		Leasehold improvements		Plant and machinery	Total
			£	£	£
	Cost
	At 1 January 2025		21,776	552,865	574,641

	Additions		-	5,553	5,553


	At 31 December 2025		21,776	558,418	580,194


	Accumulated depreciation and impairments
	At 1 January 2025		14,928	416,316	431,244

	Charge for year		4,048	36,500	40,548


	At 31 December 2025		18,976	452,816	471,792


	Net book value
	At 1 January 2025		6,848	136,549	143,397


	At 31 December 2025		2,800	105,602	108,402


7	DEBTORS
				2025	2024
				£	£
	Trade debtors			14,736	5,787
	Prepayments and accrued income			42,667	46,858
	Other debtors			11,929	12,698


				69,332	65,343


8	CREDITORS: Amounts falling due within one year
				2025	2024
				£	£
	Trade creditors			84,237	35,144
	Taxation and social security			27,141	24,455
	Accruals and deferred income			71,446	39,934
	Other creditors			3,786,099	3,989,611


				3,968,923	4,089,144

ELIZABETH BRADLEY DESIGN (2006) LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025


9	CONTINGENCIES AND COMMITMENTS

		Not provided
	Deferred Taxation	2025	2024
		£	£
	Accelerated capital allowances	24,493	24,828


	Balance carried forward	24,493	24,828


		Not provided
	Deferred Tax Assets	2025	2024
		£	£
	Losses	512,766	547,861


	Balance carried forward	512,766	547,861


	Other Commitments

	Amounts falling due under operating leases:	2025	2024
		£	£
	In less than one year	77,562	79,103
	In more than one but less than five years	48,283	124,977


		125,845	204,080


	Amounts receivable under operating leases	2025	2024
		£	£
	In less than one year	7,746	7,746
	In more than one but less than five years	7,101	14,847


		14,847	22,593

ELIZABETH BRADLEY DESIGN (2006) LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025


10	RELATED PARTY TRANSACTIONS

	The company has claimed exemptions from reporting disclosure of related party transactions with the following wholly owned group members:

	Elizabeth Bradley Designs Inc.		Parent Company

	During the year, the following transactions with related parties took place:

	Robert and Nancy Young
	Directors			2025	2024
				£	£
	Advance from directors	The directors have made advances to the company which are repayable on demand. No interest has been charged on these advances. At the year end, the company owed the directors the following amount:		714,000	714,000


	Nancy Young
	Director			2025	2024
				£	£
	Advance from director	The director has made advances to the company which are repayable on demand. No interest has been charged on these advances. At the year end, the company owed the director the following amount:		7,982	7,982


11	ULTIMATE PARENT COMPANY

	The largest group in which the results of the company are consolidated is that headed by Elizabeth Bradley Designs Inc., a company incorporated in the United States of America and registered at 3811 Hillsborough St., Raleigh, NC 27607 USA.