REGISTERED NUMBER: 00433197 (England and Wales)

SAM WELLER LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

Page

Balance Sheet

1

Notes to the Financial Statements

2

to

5

FIXED ASSETS

Tangible assets

4

353,974

402,276

CURRENT ASSETS

Stocks

1,208,361

1,563,240

Debtors

5

582,319

684,579

Cash at bank

593,053

437,463

2,383,733

2,685,282

CREDITORS

Amounts falling due within one year

6

218,391

339,434

NET CURRENT ASSETS

2,165,342

2,345,848

TOTAL ASSETS LESS CURRENT LIABILITIES

2,519,316

2,748,124

PROVISIONS FOR LIABILITIES

8

87,203

97,669

NET ASSETS

2,432,113

2,650,455

CAPITAL AND RESERVES

Called up share capital

9

10,300

10,300

Other reserves

7,700

7,700

Retained earnings

2,414,113

2,632,455

SHAREHOLDERS' FUNDS

2,432,113

2,650,455

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th March 2026 and were signed on its behalf by:

M A Yare - Director

1.	STATUTORY INFORMATION

Sam Weller Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

00433197

Registered office:

Pickwick Mill Huddersfield Road

Thongsbridge

Holmfirth

West Yorkshire

HD9 3JL

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

At the time of signing these accounts, having considered the economic climate, the directors expectations and intentions for the next 12 months, and the availability of working capital, the directors are of the opinion that the company will remain viable for the foreseeable future and accordingly these financial statements have been prepared on the going concern basis.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company's activities. Turnover is shown net of value added tax, 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.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Leasehold improvements

Over lease term

Plant and machinery

15% reducing balance

Computer equipment

25% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. Work in progress and finished goods include labour and attributable overheads.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Financial instruments

The company only enters into transactions in ‘basic’ financial instruments which result in the recognition of assets and liabilities; these include trade and other debtors and creditors, bank balances, loans from banks and other third parties, and loans to related parties. These are recognised in the company’s balance sheet when it becomes party to the contractual provisions of the instrument.

Basic financial assets (other than those classified as payable within one year) are initially measured at cost and are subsequently carried at cost or amortised cost using the effective interest method, less any impairment losses. Basic financial assets classed as receivable within one year are not amortised.

Basic financial liabilities (other than those classified as payable within one year) are initially measured at present value of future cash flows and subsequently at amortised cost using the effective interest method. Basic financial liabilities classed as payable within one year are not amortised.

Financial assets and liabilities are offset, with the net amount reported in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

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

Foreign currencies

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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 17 (2024 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st January 2025

36,486

1,890,165

1,926,651

Additions

-

17,813

17,813

Disposals

-

(109,966

)

(109,966

)

At 31st December 2025

36,486

1,798,012

1,834,498

DEPRECIATION

At 1st January 2025

30,571

1,493,804

1,524,375

Charge for year

5,412

60,703

66,115

Eliminated on disposal

-

(109,966

)

(109,966

)

At 31st December 2025

35,983

1,444,541

1,480,524

NET BOOK VALUE

At 31st December 2025

503

353,471

353,974

At 31st December 2024

5,915

396,361

402,276

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

478,340

523,711

Amounts owed by group undertakings

-

56,014

Other debtors

103,979

104,854

582,319

684,579

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

26,179

45,024

Taxation and social security

69,560

138,754

Other creditors

122,652

155,656

218,391

339,434

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

144,166

140,000

Between one and five years

314,167

23,333

458,333

163,333

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

87,203

97,669

Deferred

tax

£

Balance at 1st January 2025

97,669

Provided during year

(10,466

)

Balance at 31st December 2025

87,203

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

10,300

Ordinary

£1

10,300

10,300

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Christopher Darwin FCA (Senior Statutory Auditor)

for and on behalf of Thomas Coombs Limited

11.	OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments not included in the balance sheet undertaken on behalf of any parent undertaking or any fellow subsidiary undertaking is £559,363 (2024: £625,950)

This financial commitment is in respect of a guarentee provided against bank loans of S D C Enterprises Limited, the immediate parent undertaking. The guarentee is secured over all assets of the company.

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13.	PARENT AND ULTIMATE CONTROLLING PARTY

The company's immediate parent is S D C Enterprises Limited, incorporated in England & Wales.

The ultimate parent is The Society of Dyers and Colourists which has no controlling party, a registered charity in England & Wales.

The smallest and largest group in which the results of the company are consolidated, is that of The Society of Dyers and Colourists. These financial statements are available upon request from Perkin House, Langlands Street, BD1 2LU.