IT LUGGAGE LIMITED

Figures converted to GBP from USD at 0.749 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. IT LUGGAGE LIMITED 2012-01-17 → present
2. LANDOR & HAWA INTERNATIONAL LIMITED 1997-04-30 → 2012-01-17
3. LANDOR INTERNATIONAL LIMITED 1994-01-11 → 1997-04-30
4. LANDOR LIMITED 1985-12-03 → 1994-01-11

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

M. Tatar & Associates

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and parent company's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.”

Group structure

1. IT LUGGAGE LIMITED · parent
   1. IT Luggage DE GmbH 100% · GERMANY
   2. IT Luggage USA, Ltd 100% · USA
   3. IT Luggage HK Ltd 100% · HONG KONG
   4. IT Luggage AUS PTY Ltd 100% · AUSTRALIA
   5. IT Luggage (Thailand) Ltd 88% · THAILAND

Significant events

• “During the year turnover was largely aligned to the previous period as global demand has stabilised following the uncertainty experienced from the pandemic in previous periods. Sales channels continue to be diversified and market reach continues to expand, with some jurisdictions outperforming others. Freight costs continue to put pressure on profit margins but management's tight financial controls on overheads has resulted in strong profitability once again.”
• “Furthermore, the group continues to rely on its strong cashflow position to preserve valuable liquidity within the group, allowing the funding of working capital requirements and transfer loans across the entities when necessary. The quick ratio remained equal across the group due to consistent trading and and performance. The group continued to generate profits resulting in improved cash reserves compared to YE24.”
• “The overall results for the period were largely similar year-on-year, which was a strong sign of financial stability, following the unpredictability of previous periods. However the group continue to have strong desire to grow demand through new sales channels and improve profitability through optimising their production processes.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.