Company No: 09671501 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Abridged Financial Statements

DIRECTORS	James Anthony Hilton-Scott (Resigned 27 October 2025)
	Natasha Louise Morrell
	Stephen Jonathan Morrell
	James Michael Shaw

REGISTERED OFFICE	Wellington House
	Aviator Court
	York
	YO30 4UZ
	United Kingdom

COMPANY NUMBER

09671501 (England and Wales)

ACCOUNTANT	Morrell Middleton Ltd Chartered Certified Accountants
	Wellington House
	Aviator Court
	York
	YO30 4UZ

	Note	31.01.2026		31.01.2025
		£		£
Fixed assets
Intangible assets	5	0		6,500
Tangible assets	6	0		6,319
		0		12,819
Current assets
Stocks		111,000		109,000
Debtors		85,023		84,482
Cash at bank and in hand		( 42,152)		( 46,678)
		153,871		146,804
Creditors: amounts falling due within one year		( 151,764)		( 191,259)
Net current assets/(liabilities)		2,107		(44,455)
Total assets less current liabilities		2,107		(31,636)
Creditors: amounts falling due after more than one year		0		35,120
Net assets		2,107		3,484
Capital and reserves
Called-up share capital	7	991		991
Profit and loss account		1,116		2,493
Total shareholder's funds		2,107		3,484

For the financial 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.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered;
• The member of IWC Professional Ltd has consented to the preparation of the abridged financial statements for the financial year ended 31 January 2026 in accordance with Section 444(2A) of the Companies Act 2006.

The financial statements of IWC Professional Ltd (registered number: 09671501) were approved and authorised for issue by the Board of Directors on 27 October 2026. They were signed on its behalf by:

Stephen Jonathan Morrell Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

IWC Professional Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Wellington House, Aviator Court, York, YO30 4UZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Intangible assets

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Tangible assets

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

	Year ended 31.01.2026		Period from 01.04.2024 to 31.01.2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	7		14

4. Interest payable

	Year ended 31.01.2026		Period from 01.04.2024 to 31.01.2025
	£		£
Interest payable and similar expenses	2,167		951

5. Intangible assets

	Total
	£
Cost
At 01 February 2025	60,000
At 31 January 2026	60,000
Accumulated amortisation
At 01 February 2025	53,500
At 31 January 2026	60,000
Net book value
At 31 January 2026	0
At 31 January 2025	6,500

6. Tangible assets

	Total
	£
Cost
At 01 February 2025	30,426
At 31 January 2026	30,426
Accumulated depreciation
At 01 February 2025	24,107
At 31 January 2026	30,426
Net book value
At 31 January 2026	0
At 31 January 2025	6,319

7. Called-up share capital

	31.01.2026		31.01.2025
	£		£
Allotted, called-up and fully-paid
990 Ordinary shares of £ 1.00 each	990		990
1 A ORDINARY share of £ 1.00	1		1
	991		991

8. Ultimate controlling party

Parent Company:

Morrell Middleton Auditors Ltd

Wellington House, Aviator Court, York. YO30 4UZ