UNIVERSAL GARMENTS INTERNATIONAL LIMITED

Registered number

04952662

Statutory Accounts

31 January 2026

UNIVERSAL GARMENTS INTERNATIONAL LIMITED
Registered number:		04952662
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	4		117,482			68,035

Current assets
Stocks		1,537,108			1,593,154
Debtors	5	536,300			902,275
Cash at bank and in hand		15,864			21,408
		2,089,272			2,516,837

Creditors: amounts falling due within one year	6	(1,587,304)			(2,024,249)

Net current assets			501,968			492,588

Total assets less current liabilities			619,450			560,623

Creditors: amounts falling due after more than one year	7		-			(15,744)



Net assets			619,450			544,879

Capital and reserves
Called up share capital			100,000			100,000
Profit and loss account			519,450			444,879

Shareholders' funds			619,450			544,879

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Z Rahim
Director
Approved by the board on 26 May 2026

UNIVERSAL GARMENTS INTERNATIONAL LIMITED
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					29		26


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 February 2025							25,000
	At 31 January 2026							25,000

	Amortisation
	At 1 February 2025							25,000
	At 31 January 2026							25,000

	Net book value
	At 31 January 2026							-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.



4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 February 2025	55,620		105,020		71,374		232,014
	Additions	-		-		60,442		60,442
	At 31 January 2026	55,620		105,020		131,816		292,456

	Depreciation
	At 1 February 2025	54,230		53,622		56,127		163,979
	Charge for the year	1,390		3,036		6,569		10,995
	At 31 January 2026	55,620		56,658		62,696		174,974

	Net book value
	At 31 January 2026	-		48,362		69,120		117,482
	At 31 January 2025	1,390		51,398		15,247		68,035




5	Debtors					2026		2025
£							£

	Trade debtors					536,300		902,275


6	Creditors: amounts falling due within one year					2026		2025
£							£

	Bank loans and overdrafts					5,306		48,007
	Trade creditors					381,222		187,702
	Directors loan account					613,164		475,824
	Corporation tax					61,369		77,884
	Other taxes and social security costs					250,604		328,493
	Other creditors					275,639		906,339
						1,587,304		2,024,249


7	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					-		15,744





8	Other information

	UNIVERSAL GARMENTS INTERNATIONAL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	Hadfields Mills
	Platt Street
	Padfield
	Glossop
	SK13 1EB