The TShirt Factory Europe Limited

Registered number

08181574

Filleted Accounts

30 April 2025

The TShirt Factory Europe Limited
Registered number:			08181574
Balance Sheet
as at 30 April 2025

Notes		30/4/25			31/1/25
£					£
Fixed assets
Tangible assets	3			1,518,899			1,588,065

Current assets
Stocks			426,525			451,754
Debtors	4		3,063,052			2,769,343
Cash at bank and in hand			60,353			215,675
			3,549,930			3,436,772

Creditors: amounts falling due within one year	5		(1,352,809)			(1,237,557)

Net current assets				2,197,121			2,199,215

Total assets less current liabilities				3,716,020			3,787,280

Creditors: amounts falling due after more than one year	6			(166,470)			(220,181)

Provisions for liabilities				(375,622)			(392,131)


Net assets				3,173,928			3,174,968

Capital and reserves
Called up share capital				100			100
Profit and loss account				3,173,828			3,174,868

Shareholder's funds				3,173,928			3,174,968

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




N J Higgins
Director
Approved by the board on 8 June 2026

The TShirt Factory Europe Limited
Notes to the Accounts
for the period from 1 February 2025 to 30 April 2025


1	Accounting policies

	Basis of preparation
	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.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Expenditure on leasehold property			25% straight line basis
	Plant, machinery and equipment			20% reducing balance basis
	Motor vehicles			20% reducing balance basis

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. 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 (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					30/4/25	31/1/25
Number							Number

	Average number of persons employed by the company					44		42


3	Tangible fixed assets
		Leasehold property		Plant, machinery and equipment		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 February 2025	50,105		3,007,249		135,130		3,192,484
	Additions	-		13,044		-		13,044
	At 30 April 2025	50,105		3,020,293		135,130		3,205,528

	Depreciation
	At 1 February 2025	30,565		1,517,779		56,075		1,604,419
	Charge for the period	3,131		75,126		3,953		82,210
	At 30 April 2025	33,696		1,592,905		60,028		1,686,629

	Net book value
	At 30 April 2025	16,409		1,427,388		75,102		1,518,899
	At 31 January 2025	19,540		1,489,470		79,055		1,588,065


4	Debtors					30/4/25	31/1/25
£							£

	Trade debtors					2,861,460		2,381,455
	Other debtors					201,592		387,888
						3,063,052		2,769,343


5	Creditors: amounts falling due within one year					30/4/25	31/1/25
£							£

	Bank loans and overdrafts					10,000		10,000
	Obligations under finance lease and hire purchase contracts					285,234		264,259
	Trade creditors					742,535		437,431
	Other taxes and social security costs					278,521		464,678
	Other creditors					36,519		61,189
						1,352,809		1,237,557


6	Creditors: amounts falling due after one year					30/4/25	31/1/25
£							£

	Bank loans					7,500		10,000
	Obligations under finance lease and hire purchase contracts					158,970		210,181
						166,470		220,181

	Other creditors include loan that is secured over all land and intellectual property.
	Net obligations under finance lease and hire purchase contracts are secured by fixed and floating
	charges over all assets of the company.


7	Controlling party
	The director, Mr N J Higgins is the controlling party.



8	Other information

	The TShirt Factory Europe Limited is a private company limited by shares and incorporated in England. Its registered office is:
	100A Barkby Road
	Leicester