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REGISTERED NUMBER: 05976675















Unaudited Financial Statements for the Year Ended 31 December 2024

for

We'll Mind Your Own Business Ltd

We'll Mind Your Own Business Ltd (Registered number: 05976675)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


We'll Mind Your Own Business Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: M J Hopkins
J A R Hopkins





REGISTERED OFFICE: 39 Long Acre
London
WC2E 9LG





REGISTERED NUMBER: 05976675






We'll Mind Your Own Business Ltd (Registered number: 05976675)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 23,264 30,858
23,264 30,858

CURRENT ASSETS
Debtors 6 1,485,858 1,272,672
Cash at bank and in hand 21,935 54,071
1,507,793 1,326,743
CREDITORS
Amounts falling due within one year 7 915,122 983,314
NET CURRENT ASSETS 592,671 343,429
TOTAL ASSETS LESS CURRENT
LIABILITIES

615,935

374,287

CREDITORS
Amounts falling due after more than
one year

8

350,350

319,258
NET ASSETS 265,585 55,029

We'll Mind Your Own Business Ltd (Registered number: 05976675)

Balance Sheet - continued
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 265,583 55,027
SHAREHOLDERS' FUNDS 265,585 55,029

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 12 February 2025 and were signed on its behalf by:





M J Hopkins - Director


We'll Mind Your Own Business Ltd (Registered number: 05976675)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

We'll Mind Your Own Business Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

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.

Website is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 20% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 20% on cost

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.

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.

We'll Mind Your Own Business Ltd (Registered number: 05976675)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 54 (2023 - 56 ) .

4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1 January 2024
and 31 December 2024 6,375
AMORTISATION
At 1 January 2024
and 31 December 2024 6,375
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 January 2024 20,805 104,826 12,864 138,495
Additions 650 5,514 1,401 7,565
At 31 December 2024 21,455 110,340 14,265 146,060
DEPRECIATION
At 1 January 2024 17,224 77,790 12,623 107,637
Charge for year 1,683 13,177 299 15,159
At 31 December 2024 18,907 90,967 12,922 122,796
NET BOOK VALUE
At 31 December 2024 2,548 19,373 1,343 23,264
At 31 December 2023 3,581 27,036 241 30,858

We'll Mind Your Own Business Ltd (Registered number: 05976675)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 705,231 743,610
Other debtors 85,965 92,982
Prepayments and accrued income 694,662 436,080
1,485,858 1,272,672

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 45,093 29,255
Other loans 276,439 333,289
Trade creditors 118,440 105,584
Tax 46,726 2,739
Social security and other taxes 122,896 83,436
VAT 139,701 84,785
Other creditors 32,105 201,818
Directors' loan accounts 80,008 79,997
Accruals and deferred income 53,714 62,411
915,122 983,314

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.24 31.12.23
£    £   
Other loans - 1-2 years 204,331 148,479
Directors' loan accounts 146,019 170,779
350,350 319,258

9. RELATED PARTY DISCLOSURES

At the beginning of the year company owed the directors £250,776. During the year the directors provided further loans and incurred expenses on behalf of the company. At the year end the balance of £195,807 was due to the directors, from which £146,019 is a long term loan. The long term loan incurs 3% interest.The Short term loan is repayable on demand, hence measured at an undiscounted value.

10. ULTIMATE CONTROLLING PARTY

The company is controlled by M J Hopkins and J A R Hopkins.