Undercover Lingerie Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 6377991

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		21,351		24,296
Tangible Assets	5		73,891		81,284

			95,242		105,580
CURRENT ASSETS
Stocks	6	610,344		679,607
Debtors	7	68,033		57,961
Cash at bank and in hand		298,461		215,240

		976,838		952,808
Creditors: Amounts Falling Due Within One Year	8	(493,152 )		(461,797 )

NET CURRENT ASSETS (LIABILITIES)			483,686		491,011

TOTAL ASSETS LESS CURRENT LIABILITIES			578,928		596,591

Creditors: Amounts Falling Due After More Than One Year	9		(114,601 )		(193,188 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(2,630 )		(2,630 )

NET ASSETS			461,697		400,773

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			461,597		400,673

SHAREHOLDERS' FUNDS			461,697		400,773

Page 1

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Undercover Lingerie Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 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 Thomas Powell Director	Mr Alan Scott Director
9th June 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Undercover Lingerie Limited is a private company, limited by shares, incorporated in England & Wales, registered number 6377991 . The registered office is 21 Glan Alun, Mold, Flintshire, CH7 1PL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. 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:

Leasehold	nil
Fixtures & Fittings	15% reducing balance

2.4. 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.

2.5. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2024: 12)

4. Intangible Assets

	Other
	£
Cost
As at 1 April 2024	29,450

As at 31 March 2025	29,450

Amortisation
As at 1 April 2024	5,154
Provided during the period	2,945

As at 31 March 2025	8,099

...CONTINUED

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Undercover Lingerie Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	21,351

As at 1 April 2024	24,296

5. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 April 2024	1,242	132,788	134,030
Additions	-	5,424	5,424

As at 31 March 2025	1,242	138,212	139,454

Depreciation
As at 1 April 2024	-	52,746	52,746
Provided during the period	-	12,817	12,817

As at 31 March 2025	-	65,563	65,563

Net Book Value
As at 31 March 2025	1,242	72,649	73,891

As at 1 April 2024	1,242	80,042	81,284

6. Stocks

	2025	2024
	£	£
Stock	610,344	679,607

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	46,149	39,922
Prepayments and accrued income	21,884	18,039

	68,033	57,961

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Undercover Lingerie Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	339,644	286,980
Bank loans and overdrafts	73,744	99,000
Corporation tax	48,137	34,953
Other taxes and social security	9,422	8,391
VAT	5,064	16,355
Other creditors	4,849	3,076
Accruals and deferred income	11,981	12,731
Directors' loan accounts	311	311

	493,152	461,797

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

	2025	2024
	£	£
Bank loans	114,601	193,188

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

11. Dividends

	2025	2024
	£	£
On equity shares:
Final dividend paid	76,400	104,830

12. Controlling Party

The company's controlling party is directors by virtue of his ownership of 57% (57%) of the issued share capital in the company.