REGISTERED NUMBER: 10995160 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

FOR

AUBIN & WILLS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P R M Williams

Mrs L J Williams

Mr B A Russell

Mr G N Roberts

Ms R Silvester

REGISTERED OFFICE:

1110 Elliott Court

Coventry Business Park

Herald Avenue

Coventry

West Midlands

CV5 6UB

REGISTERED NUMBER:

10995160 (England and Wales)

ACCOUNTANTS:

LDP Luckmans

1110 Elliott Court

Coventry Business Park

Herald Avenue

Coventry

West Midlands

CV5 6UB

FIXED ASSETS

Intangible assets

4

-

28,349

Tangible assets

5

480,637

296,769

480,637

325,118

CURRENT ASSETS

Stocks

6

4,311,936

2,810,493

Debtors

7

717,017

389,526

Cash at bank and in hand

414,248

768,158

5,443,201

3,968,177

CREDITORS

Amounts falling due within one year

8

2,205,718

1,413,211

NET CURRENT ASSETS

3,237,483

2,554,966

TOTAL ASSETS LESS CURRENT LIABILITIES

3,718,120

2,880,084

CREDITORS

Amounts falling due after more than one year

9

5,695,014

5,165,140

NET LIABILITIES

(1,976,894

)

(2,285,056

)

CAPITAL AND RESERVES

Called up share capital

13

2

2

Retained earnings

(1,976,896

)

(2,285,058

)

SHAREHOLDERS' FUNDS

(1,976,894

)

(2,285,056

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 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 27 October 2026 and were signed on its behalf by:

Mr B A Russell - Director

1.	STATUTORY INFORMATION

Aubin & Wills 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.

Going Concern

The financial statements have been prepared on the going concern basis as management are confident the company has sufficient financial resources to continue trading in the foreseeable future. The balance sheet reports a Net Current Assets position of £3.23m at 31st January 2026 which indicates the company can meet its short term liabilities. The company is supported by a long term loan debt and has access to additional loan funding should it be required. The business has grown significantly since its launch in 2021. Management are forecasting a profit in the financial year ended 31st January 2027 and a significant increase in profits from financial year 2027 onwards.

Critical accounting judgements and key sources of estimation uncertainty

In preparing the financial statements, management has exercised judgement in determining whether the Company acts as a principal or an agent in its retail arrangements.

This assessment considers the indicators set out in FRS 102 Section 23, including primary responsibility for fulfilment, inventory and return risk, pricing discretion, and credit exposure.

Based on the terms of the Company’s retail agreements, management has concluded that the Company acts as principal, as it retains ownership and inventory risk up to the point of sale, bears the risk associated with returns, and pays a fixed commission to the intermediary retailer.

This judgement directly affects the presentation of revenue in the financial statements. As a result, revenue is recognised at the gross sales value to the end customer, with the intermediary’s commission recognised as cost of sales.

Management reviews this judgement regularly to ensure it remains appropriate in light of any changes to commercial arrangements.

Turnover

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 significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademarks are being amortised evenly over their estimated useful life of ten years.

Website is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

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

Short leasehold

-

Straight line over 3 to 5 years

Fixtures and fittings

-

Straight line over 3 to 5 years

Computer equipment

-

Straight line over 3 years

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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 74 (2025 - 58 ) .

4.	INTANGIBLE FIXED ASSETS

Trademarks

Website

Totals

£

£

£

COST

At 1 February 2025

39,306

6,719

46,025

Additions

23,194

-

23,194

Disposals

(62,500

)

-

(62,500

)

At 31 January 2026

-

6,719

6,719

AMORTISATION

At 1 February 2025

12,264

5,412

17,676

Amortisation for year

-

1,307

1,307

Eliminated on disposal

(12,264

)

-

(12,264

)

At 31 January 2026

-

6,719

6,719

NET BOOK VALUE

At 31 January 2026

-

-

-

At 31 January 2025

27,042

1,307

28,349

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 February 2025

13,985

494,185

19,151

527,321

Additions

20,613

305,590

6,547

332,750

At 31 January 2026

34,598

799,775

25,698

860,071

DEPRECIATION

At 1 February 2025

10,255

209,316

10,981

230,552

Charge for year

2,719

140,698

5,465

148,882

At 31 January 2026

12,974

350,014

16,446

379,434

NET BOOK VALUE

At 31 January 2026

21,624

449,761

9,252

480,637

At 31 January 2025

3,730

284,869

8,170

296,769

6.

STOCKS

31.1.26

31.1.25

£

£

Finished goods

4,311,936

2,810,493

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

386,571

204,395

Other debtors

330,446

185,131

717,017

389,526

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade creditors

1,079,979

723,839

Taxation and social security

969,048

599,865

Other creditors

156,691

89,507

2,205,718

1,413,211

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Amounts owed to group undertakings

2,175,469

2,220,117

Other creditors

3,519,545

2,945,023

5,695,014

5,165,140

10.	LEASING AGREEMENTS

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

31.1.26

31.1.25

£

£

Within one year

223,131

145,000

Between one and five years

1,097,826

784,184

In more than five years

238,898

-

1,559,855

929,184

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.26

31.1.25

£

£

Other loans

3,519,545

2,945,023

Other Loans are secured by way of a fixed and floating charge over all assets of the company.

12.	DEFERRED TAX

£

Accelerated capital allowances

96,544

Losses

(176,272

)

General provisions

(1,395

)

Balance at 31 January 2026

(81,123

)

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

£

£

1

A Ordinary

£1

1

1

1

B Ordinary

£1

1

1

2

2

Each ordinary share has equal voting rights in all respects. Each share is entitled pari passu to dividend payments or any other distributions.