J.K. Fashions (Derby) Limited

	Page
Company Information	1
Accountant's Report	2
Balance Sheet	3—4
Notes to the Financial Statements	5—9

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Accountant's Report

For the Period 1 July 2024 to 31 December 2025

Accountant's Report

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J.K. Fashions (Derby) Limited for the period 1 July 2024 to 31 December 2025 which comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.

This report is made solely to the directors of J.K. Fashions (Derby) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of J.K. Fashions (Derby) Limited and state those matters that we have agreed to state to the directors of J.K. Fashions (Derby) Limited in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that J.K. Fashions (Derby) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of J.K. Fashions (Derby) Limited . You consider that J.K. Fashions (Derby) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of J.K. Fashions (Derby) Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

28/10/2026

TaxStack Accountants

2 Burghley Way

Littleover

Derby

DE23 4TD

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J.K. Fashions (Derby) Limited

Balance Sheet

As At 31 December 2025

Balance Sheet

Registered number: 03053389

		31 December 2025		30 June 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		9,973		12,954

			9,973		12,954
CURRENT ASSETS
Stocks	6	132,470		128,917
Debtors	7	42,847		9,131
Investments	8	300		-
Cash at bank and in hand		109,031		100,456

		284,648		238,504
Creditors: Amounts Falling Due Within One Year	9	(43,895 )		(62,029 )

NET CURRENT ASSETS (LIABILITIES)			240,753		176,475

TOTAL ASSETS LESS CURRENT LIABILITIES			250,726		189,429

Creditors: Amounts Falling Due After More Than One Year	10		(21,932 )		(31,023 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(2,996 )

NET ASSETS			228,794		155,410

CAPITAL AND RESERVES
Called up share capital	12		100		100
Profit and Loss Account			228,694		155,310

SHAREHOLDERS' FUNDS			228,794		155,410

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J.K. Fashions (Derby) Limited

Balance Sheet (continued)

As At 31 December 2025

For the period ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 Barinder Butter

Director

28/10/2026

The notes on pages 5 to 9 form part of these financial statements.

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J.K. Fashions (Derby) Limited

Notes to the Financial Statements

For the Period 1 July 2024 to 31 December 2025

Notes to the Financial Statements

1. General Information

J.K. Fashions (Derby) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03053389 . The registered office is 5 Cherrydale Court, Littleover, Derby, DE23 3YW.

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 .... 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	15% on reducing balance
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	15% on reducing balance
Computer Equipment	25% on reducing balance

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J.K. Fashions (Derby) Limited

Notes to the Financial Statements (continued)

For the Period 1 July 2024 to 31 December 2025

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.

2.7. 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. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

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. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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J.K. Fashions (Derby) Limited

Notes to the Financial Statements (continued)

For the Period 1 July 2024 to 31 December 2025

2.8. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 9 (2024: 9)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 July 2024	161,173

As at 31 December 2025	161,173

Amortisation
As at 1 July 2024	161,173

As at 31 December 2025	161,173

Net Book Value
As at 31 December 2025	-

As at 1 July 2024	-

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 July 2024	4,229	21,995	24,226	-	50,450
Additions	-	-	-	998	998

As at 31 December 2025	4,229	21,995	24,226	998	51,448

...CONTINUED

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J.K. Fashions (Derby) Limited

Notes to the Financial Statements (continued)

For the Period 1 July 2024 to 31 December 2025

Depreciation
As at 1 July 2024	1,633	15,036	20,827	-	37,496
Provided during the period	585	-	3,373	21	3,979

As at 31 December 2025	2,218	15,036	24,200	21	41,475

Net Book Value
As at 31 December 2025	2,011	6,959	26	977	9,973

As at 1 July 2024	2,596	6,959	3,399	-	12,954

6. Stocks

	31 December 2025	30 June 2024
	£	£
Materials	132,470	-
Finished goods	-	128,917

	132,470	128,917

7. Debtors

	31 December 2025	30 June 2024
	£	£
Due within one year
Prepayments and accrued income	-	375
Other debtors - Nat Lottery o/s	751	756
Other debtor - Loan to Steve Watson Business	8,000	8,000
Intercompany - Rosewood (Eco) Ltd	33,700	-
Deferred tax current asset	(2,493)	-
Other taxes and social security	2,889	-

	42,847	9,131

8. Current Asset Investments

	31 December 2025	30 June 2024
	£	£
Shares in subsidiaries	300	-

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J.K. Fashions (Derby) Limited

Notes to the Financial Statements (continued)

For the Period 1 July 2024 to 31 December 2025

9. Creditors: Amounts Falling Due Within One Year

	31 December 2025	30 June 2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	301
Bank loans and overdrafts	6,222	5,246
Corporation tax	2,857	25,746
Other taxes and social security	-	2,308
VAT	3,702	6,548
Net wages	3,019	2,954
Accruals	-	2,500
Other creditors - Capital on tap	15,623	14,303
Other creditors - Paypoint	11,117	484
Other creditors - Cardnet & bank charges	-	494
Directors' loan accounts	1,355	1,145

	43,895	62,029

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

	31 December 2025	30 June 2024
	£	£
Bank loans	21,932	31,023

11. Obligations Under Finance Leases and Hire Purchase

	31 December 2025	30 June 2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	301

12. Share Capital

	31 December 2025	30 June 2024
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

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Directors	Mr Barinder Butter
	Mr Jatinder Butter

Secretary	Mr Barinder Butter

Company Number	03053389

Registered Office	5 Cherrydale Court
	Littleover
	Derby
	DE23 3YW

Accountants	TaxStack Accountants
	2 Burghley Way
	Littleover
	Derby
	DE23 4TD