Registration number: 09602436

Tailored Imports Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 12

Tailored Imports Ltd

Company Information

Directors

Mr O E T Greenow Mr S G Greenow Mrs K M Greenow

Company secretary

Mrs K M Greenow

Registered office

Unit 4F Talgarth Business Park Trefecca Road Talgarth Powys LD3 0PQ

Bankers

Barclays Bank plc 1-3 Broad Street Hereford HR4 9BH

Accountants

W J James & Co Chartered AccountantsBishop House 10 Wheat Street Brecon Powys LD3 7DG

Tailored Imports Ltd

(Registration number: 09602436)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	408,631	349,302
Current assets
Stocks		1,581,420	1,505,026
Debtors	6	1,349,217	937,664
Cash at bank and in hand		892,969	235,793
		3,823,606	2,678,483
Creditors: Amounts falling due within one year	7	(1,933,705)	(1,350,710)
Net current assets		1,889,901	1,327,773
Total assets less current liabilities		2,298,532	1,677,075
Creditors: Amounts falling due after more than one year	7	(77,237)	(150,548)
Provisions for liabilities		(65,796)	(73,810)
Net assets		2,155,499	1,452,717
Capital and reserves
Called up share capital		2	2
Retained earnings		2,155,497	1,452,715
Shareholders' funds		2,155,499	1,452,717

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and 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 Profit and Loss Account.

Approved and authorised by the Board on 15 September 2026 and signed on its behalf by:
 

Tailored Imports Ltd

(Registration number: 09602436)
Balance Sheet as at 31 March 2026

......................................... Mr O E T Greenow Director

......................................... Mr S G Greenow Director

Tailored Imports Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 4F
Talgarth Business Park
Trefecca Road
Talgarth
Powys
LD3 0PQ

The principal place of business is:
Unit 4F
Talgarth Business Park
Trefecca Road
Talgarth
Powys
LD3 0PQ

These financial statements were authorised for issue by the Board on 15 September 2026.

2	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 have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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, which is the functional currency of the company, and rounded up to the nearest £1.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of mainly bathroom goods 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.

Tailored Imports Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change 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 in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Short leasehold property improvements	20% on cost
Cycle to work scheme	1.5 years straight line
Fixtures and fittings	20% reducing balance
Plant and machinery	20% reducing balance
Office equipment	33% reducing balance
Motor vehicles	25% and 33.3% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	50% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Tailored Imports Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

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. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. 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

Stocks are stated at the lower of cost and estimated selling price less costs to sell. Cost is determined
by using the average exchange rate for the numbers of days of stock on hand at the end of the accounting period.

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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Tailored Imports Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

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. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 18 (2025 - 16).

Tailored Imports Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2025	1,500	1,500
At 31 March 2026	1,500	1,500
Amortisation
At 1 April 2025	1,500	1,500
At 31 March 2026	1,500	1,500
Carrying amount
At 31 March 2026	-	-

5	Tangible assets

	Short leasehold property improvements £	Cycle to work scheme £	Fixtures and fittings £	Plant and machinery £
Cost or valuation
At 1 April 2025	3,249	5,433	2,562	209,825
Additions	-	-	-	22,466
At 31 March 2026	3,249	5,433	2,562	232,291
Depreciation
At 1 April 2025	2,871	5,433	1,644	83,488
Charge for the year	378	-	184	26,979
At 31 March 2026	3,249	5,433	1,828	110,467
Carrying amount
At 31 March 2026	-	-	734	121,824
At 31 March 2025	378	-	918	126,337

Tailored Imports Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2025	16,138	307,063	544,270
Additions	2,407	114,210	139,083
At 31 March 2026	18,545	421,273	683,353
Depreciation
At 1 April 2025	11,478	90,054	194,968
Charge for the year	1,960	50,253	79,754
At 31 March 2026	13,438	140,307	274,722
Carrying amount
At 31 March 2026	5,107	280,966	408,631
At 31 March 2025	4,660	217,009	349,302

Tailored Imports Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

6

Debtors

Current	2026 £	2025 £
Trade debtors	1,255,715	883,000
Prepayments	93,502	54,664
	1,349,217	937,664

7

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	8	79,890	96,714
Trade creditors		972,899	631,316
Amounts due under invoice discounting		225,484	265,891
Taxation and social security		355,852	178,338
Accruals and deferred income		37,478	69,631
Other creditors		262,102	108,820
		1,933,705	1,350,710

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	8	71,918	150,548
Deferred income		5,319	-
		77,237	150,548

8	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	-	7,499
Hire purchase contracts	71,918	143,049
	71,918	150,548

Tailored Imports Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	7,511	44,557
Bank overdrafts	-	734
Hire purchase contracts	72,379	51,423
	79,890	96,714

Tailored Imports Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Bank borrowings

The loan is denominated in £ sterling with a nominal interest rate of 2 %, and the final instalment is due on 31 May 2026. The carrying amount at year end is £7,511 (2025 - £52,056). The directors have provided a joint and several personal guarantee of £25,000 in respect of this loan.