Company Registration No. 08458934 (England and Wales)
The Radical Tea Towel Company Ltd
Unaudited accounts
for the year ended 31 March 2026
The Radical Tea Towel Company Ltd
Unaudited accounts
Contents
The Radical Tea Towel Company Ltd
Company Information
for the year ended 31 March 2026
Director
Luke Edwin Pearce
Company Number
08458934 (England and Wales)
Registered Office
16 Monmouth Road
Abergavenny
Monmouthshire
NP7 5HH
Wales
Accountants
Solar Accountancy Limited
647 Heathway
Dagenham
Essex
RM9 5TA
The Radical Tea Towel Company Ltd
Statement of financial position
as at 31 March 2026
Tangible assets
1,056
1,919
Cash at bank and in hand
6,383
20,277
Creditors: amounts falling due within one year
(41,680)
(44,522)
Net current assets
146,422
175,402
Total assets less current liabilities
147,478
177,321
Creditors: amounts falling due after more than one year
(38,206)
(57,568)
Net assets
109,272
119,753
Called up share capital
100
100
Profit and loss account
109,172
119,653
Shareholders' funds
109,272
119,753
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 September 2026 and were signed on its behalf by
Luke Edwin Pearce
Director
Company Registration No. 08458934
The Radical Tea Towel Company Ltd
Notes to the Accounts
for the year ended 31 March 2026
The Radical Tea Towel Company Ltd is a private company, limited by shares, registered in England and Wales, registration number 08458934. The registered office is 16 Monmouth Road, Abergavenny, Monmouthshire, NP7 5HH, Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The financial statements have been prepared on a going concern basis.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
3 years straight line
Computer equipment
3 years straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The Radical Tea Towel Company Ltd
Notes to the Accounts
for the year ended 31 March 2026
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2025
1,819
11,176
12,995
At 31 March 2026
1,819
11,511
13,330
At 1 April 2025
1,440
9,636
11,076
Charge for the year
270
928
1,198
At 31 March 2026
1,710
10,564
12,274
At 31 March 2026
109
947
1,056
At 31 March 2025
379
1,540
1,919
Amounts falling due within one year
Amounts due from group undertakings etc.
105,729
114,694
Accrued income and prepayments
611
611
7
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
35,378
38,405
Trade creditors
5,242
1,799
Taxes and social security
(1,054)
1,098
The Radical Tea Towel Company Ltd
Notes to the Accounts
for the year ended 31 March 2026
8
Creditors: amounts falling due after more than one year
2026
2025
Loans from directors
16,000
-
9
Average number of employees
During the year the average number of employees was 5 (2025: 4).