REGISTERED NUMBER: 08908227 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28th February 2026

for

FW Style Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G C Thompson

A J Parker

REGISTERED OFFICE:

Black Bull House

353-355 Station Road

Bamber Bridge

Preston

Lancashire

PR5 6EE

REGISTERED NUMBER:

08908227 (England and Wales)

ACCOUNTANTS:

Robin Oatridge & Co Limited

Chartered Certified Accountants

Black Bull House

353-355 Station Road

Bamber Bridge

Preston

Lancashire

PR5 6EE

FIXED ASSETS

Tangible assets

4

374,109

431,644

CURRENT ASSETS

Stocks

595,184

1,065,648

Debtors

5

552,757

517,773

Cash at bank

572,165

145,616

1,720,106

1,729,037

CREDITORS

Amounts falling due within one year

6

1,052,241

939,443

NET CURRENT ASSETS

667,865

789,594

TOTAL ASSETS LESS CURRENT LIABILITIES

1,041,974

1,221,238

CREDITORS

Amounts falling due after more than one year

7

(69,927

)

(96,677

)

PROVISIONS FOR LIABILITIES

(91,020

)

(109,416

)

NET ASSETS

881,027

1,015,145

CAPITAL AND RESERVES

Called up share capital

225

300

Capital redemption reserve

75

-

Retained earnings

880,727

1,014,845

SHAREHOLDERS' FUNDS

881,027

1,015,145

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th September 2026 and were signed on its behalf by:

G C Thompson - Director

1.	STATUTORY INFORMATION

FW Style Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance and Straight line over 5 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

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 20 (2025 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st March 2025

581,940

Additions

55,062

Disposals

(33,529

)

At 28th February 2026

603,473

DEPRECIATION

At 1st March 2025

150,296

Charge for year

95,836

Eliminated on disposal

(16,768

)

At 28th February 2026

229,364

NET BOOK VALUE

At 28th February 2026

374,109

At 28th February 2025

431,644

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

407,334

402,716

Other debtors

145,423

115,057

552,757

517,773

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

2,622

10,376

Hire purchase contracts (see note 8)

53,035

46,569

Trade creditors

352,422

196,753

Taxation and social security

451,982

297,814

Other creditors

192,180

387,931

1,052,241

939,443

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

-

2,634

Hire purchase contracts (see note 8)

69,927

94,043

69,927

96,677

No security was required for the bank loan.

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

£

Net obligations repayable:

Within one year

53,035

46,569

Between one and five years

69,927

94,043

122,962

140,612

Non-cancellable

operating leases

2026

2025

£

£

Within one year

306,836

340,885

Between one and five years

723,650

968,884

1,030,486

1,309,769

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Hire purchase contracts

122,962

140,612

Hire purchase agreements are secured against specific fixed assets.

10.	RELATED PARTY DISCLOSURES

FWS Developments Limited is a company related by common control. At the balance sheet date, there is a loan outstanding of £NIL (2025: £75,000 - creditor) from FWS Developments Limited.

IQ GB (UK) Limited is a company related by common control. At the balance sheet date, there is a loan outstanding of £171,000 (2025: £220,000) to IQ GB (UK) Limited. This loan is repayable on demand and is included in other creditors.

11.	ULTIMATE CONTROLLING PARTY

The company is under the control of the directors.