Black Swan Shoppe Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 07922646

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		35,000		40,000
Tangible Assets	5		35,398		40,083

			70,398		80,083
CURRENT ASSETS
Stocks	6	1,279,386		1,153,374
Debtors	7	7,587		11,748
Cash at bank and in hand		117,167		55,793

		1,404,140		1,220,915
Creditors: Amounts Falling Due Within One Year	8	(442,047 )		(396,938 )

NET CURRENT ASSETS (LIABILITIES)			962,093		823,977

TOTAL ASSETS LESS CURRENT LIABILITIES			1,032,491		904,060

Creditors: Amounts Falling Due After More Than One Year	9		(23,845 )		(28,752 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(17,599 )		(20,020 )

NET ASSETS			991,047		855,288

CAPITAL AND RESERVES
Called up share capital	11		100		100
Profit and Loss Account			990,947		855,188

SHAREHOLDERS' FUNDS			991,047		855,288

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Black Swan Shoppe Ltd

Balance Sheet (continued)

As At 31 January 2026

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

The member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr K C Parry

Director

4 June 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Black Swan Shoppe Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07922646 . The registered office is 12 Bar Street, Scarborough, YO11 2HT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% RBM
Motor Vehicles	25% RBM
Fixtures & Fittings	20% RBM
Computer Equipment	33% SLM

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Black Swan Shoppe Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.7. Financial Instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment.

Cash and cash equivalents comprise cash at bank and on hand.

Trade and other creditors are initially recognised at the transaction price and are thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2025: 8)

4. Intangible Assets

	Goodwill
	£
Cost or Valuation
As at 1 February 2025	50,000

As at 31 January 2026	50,000

Amortisation
As at 1 February 2025	10,000
Provided during the period	5,000

As at 31 January 2026	15,000

Net Book Value
As at 31 January 2026	35,000

As at 1 February 2025	40,000

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Black Swan Shoppe Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 February 2025	8,952	51,391	21,136	60,019	141,498
Additions	3,639	-	-	3,206	6,845

As at 31 January 2026	12,591	51,391	21,136	63,225	148,343

Depreciation
As at 1 February 2025	1,966	29,710	15,861	53,878	101,415
Provided during the period	2,125	5,420	1,055	2,930	11,530

As at 31 January 2026	4,091	35,130	16,916	56,808	112,945

Net Book Value
As at 31 January 2026	8,500	16,261	4,220	6,417	35,398

As at 1 February 2025	6,986	21,681	5,275	6,141	40,083

6. Stocks

	2026	2025
	£	£
Stock	1,279,386	1,153,374

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	5,265	8,471
Other debtors	2,322	3,277

	7,587	11,748

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	4,907	4,907
Trade creditors	234,618	165,647
Other creditors	33,014	34,223
Taxation and social security	169,508	192,161

	442,047	396,938

9. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	23,845	28,752

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Black Swan Shoppe Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

10. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	4,907	4,907
Later than one year and not later than five years	23,845	28,752

	28,752	33,659

	28,752	33,659

11. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

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