Wolfeyewear Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08385462 (England and Wales)

Financial Statements

for the Year Ended 31 January 2026

for

WOLFEYEWEAR LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr T B Wolfenden

Mrs J M Wolfenden

Mr I M Wolfenden

REGISTERED OFFICE:

Unit 3 Oakwood Enterprise Park

Rowden Lane

Ledburn

Bedfordshire

LU7 0GR

REGISTERED NUMBER:

08385462 (England and Wales)

ACCOUNTANTS:

JLA Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

17,090

35,614

17,090

35,614

CURRENT ASSETS

Stocks

413,220

560,897

Debtors

6

1,062,597

1,130,543

Cash at bank

49,400

150,406

1,525,217

1,841,846

CREDITORS

Amounts falling due within one year

7

1,135,528

917,421

NET CURRENT ASSETS

389,689

924,425

TOTAL ASSETS LESS CURRENT
LIABILITIES

406,779

960,039

PROVISIONS FOR LIABILITIES

8

4,273

7,693

NET ASSETS

402,506

952,346

CAPITAL AND RESERVES

Called up share capital

9

101

Retained earnings

402,405

952,245

SHAREHOLDERS' FUNDS

402,506

952,346

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2026 and were signed on its behalf by:

Mr T B Wolfenden - Director

1.	STATUTORY INFORMATION

Wolfeyewear Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 20 (2025 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangibl

assets

£

COST

At 1 February 2025

and 31 January 2026

15,100

AMORTISATION

At 1 February 2025

and 31 January 2026

15,100

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

-

5.	TANGIBLE FIXED ASSETS

Plant and

machiner

etc

£

COST

At 1 February 2025

163,507

Additions

12,573

Disposals

(46,643

)

At 31 January 2026

129,437

DEPRECIATION

At 1 February 2025

127,893

Charge for year

15,519

Eliminated on disposal

(31,065

)

At 31 January 2026

112,347

NET BOOK VALUE

At 31 January 2026

17,090

At 31 January 2025

35,614

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

Trade debtors

349,088

372,250

Amounts owed by group undertakings

-

22,302

Other debtors

713,509

735,991

1,062,597

1,130,543

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

Hire purchase contracts

(1

)

2,562

Trade creditors

79,396

93,626

Amounts owed to group undertakings

864,829

656,160

Taxation and social security

108,426

98,378

Other creditors

82,878

66,695

1,135,528

917,421

8.	PROVISIONS FOR LIABILITIES

31.1.26

31.1.25

£

Deferred tax

4,273

7,693

Deferred

tax

£

Balance at 1 February 2025

7,693

Provided during year

(3,420

)

Balance at 31 January 2026

4,273

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

£

47

A Ordinary

50p

24

47

B Ordinary

50p

24

50

C Ordinary

50p

25

50

D Ordinary

50p

25

2

E Ordinary

50p

1

2

F Ordinary

50p

1

2

G Ordinary

50p

1

101

10.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £50,738 (2025: £22,302 by) to White Optics Limited and £533,372 (2025: £533,372) owed by Wolf Eyewear Canada Inc. The company owed £814,091 (2025: £656,160) to Wolf Eyewear Group Limited. The companies are related by virtue of the fact that they are under common control.