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REGISTERED NUMBER: 03801429 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Don't Just Sit There,
Sell Something! Limited

Don't Just Sit There,
Sell Something! Limited (Registered number: 03801429)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Don't Just Sit There,
Sell Something! Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: L G Brennan





SECRETARY: Ms L Smith





REGISTERED OFFICE: Unit 1 Paris Parkland
Railton Road
Guildford
Surrey
GU2 9JX





REGISTERED NUMBER: 03801429 (England and Wales)





ACCOUNTANTS: Bullimores LLP
Chartered Accountants
Old Printers Yard
156 South Street
Dorking
Surrey
RH4 2HF

Don't Just Sit There,
Sell Something! Limited (Registered number: 03801429)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 303,420 311,787
303,420 311,787

CURRENT ASSETS
Debtors 6 121,106 36,631
Prepayments and accrued income 4,410 4,547
Cash at bank 100 3,500
125,616 44,678
CREDITORS
Amounts falling due within one year 7 281,874 224,082
NET CURRENT LIABILITIES (156,258 ) (179,404 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

147,162

132,383

CREDITORS
Amounts falling due after more than one year 8 (145,537 ) (162,661 )

PROVISIONS FOR LIABILITIES (1,630 ) (1,517 )
NET LIABILITIES (5 ) (31,795 )

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Capital redemption reserve 51 51
Retained earnings (100,056 ) (131,846 )
SHAREHOLDERS' FUNDS (5 ) (31,795 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Don't Just Sit There,
Sell Something! Limited (Registered number: 03801429)

Balance Sheet - continued
31 December 2023


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 director and authorised for issue on 16 August 2024 and were signed by:





L G Brennan - Director


Don't Just Sit There,
Sell Something! Limited (Registered number: 03801429)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Don't Just Sit There, Sell Something! Limited 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.

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 represents net invoiced provision of telemarketing services to a range of clients. Turnover is recognised when the service is provided to the customer, except in respect of service contracts where turnover is recognised where there is a right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, has been fully amortised over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the annual rates shown below in order to write off each asset over its expected useful life.

Freehold property - 2% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

At each reporting date, assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and an impairment loss is recognised immediately in the income statement.

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.


Don't Just Sit There,
Sell Something! Limited (Registered number: 03801429)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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 14 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 10,000
AMORTISATION
At 1 January 2023
and 31 December 2023 10,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

Don't Just Sit There,
Sell Something! Limited (Registered number: 03801429)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Computer
property property fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 441,851 5,880 36,851 21,845 506,427
Additions - - 825 3,601 4,426
At 31 December 2023 441,851 5,880 37,676 25,446 510,853
DEPRECIATION
At 1 January 2023 142,465 1,470 33,750 16,955 194,640
Charge for year 8,837 118 982 2,856 12,793
At 31 December 2023 151,302 1,588 34,732 19,811 207,433
NET BOOK VALUE
At 31 December 2023 290,549 4,292 2,944 5,635 303,420
At 31 December 2022 299,386 4,410 3,101 4,890 311,787

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 121,106 36,631

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 66,366 62,830
Trade creditors 8,182 5,343
Social security and other taxes 13,217 29,275
VAT 69,974 16,666
Other creditors 380 3,330
Directors' current accounts 119,857 103,853
Accrued expenses 3,898 2,785
281,874 224,082

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 1-2 years 26,795 26,111
Bank loans 2-5 years 91,402 82,751
Bank loans > 5 years 27,340 53,799
145,537 162,661

Don't Just Sit There,
Sell Something! Limited (Registered number: 03801429)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.23 31.12.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans > 5 years 27,340 53,799

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank overdrafts 41,204 37,423
Bank loans 170,699 188,068
211,903 225,491

There is a debenture and a legal mortgage over the property known as Unit 1, Paris Parkland, covering all borrowings except a government backed Bounceback loan of £50,000.