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REGISTERED NUMBER: 06815375 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Bestpricehotdeals Limited

Bestpricehotdeals Limited (Registered number: 06815375)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bestpricehotdeals Limited

Company Information
for the Year Ended 28 February 2025







DIRECTOR: S R Dodd





REGISTERED OFFICE: Oakley House
Tetbury Road
Cirencester
Gloucestershire
GL7 1US





REGISTERED NUMBER: 06815375 (England and Wales)

Bestpricehotdeals Limited (Registered number: 06815375)

Balance Sheet
28 February 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 70,492 96,857

CURRENT ASSETS
Stocks 5 938,865 532,715
Debtors 6 18,244 2,607
Cash at bank 1,371 38,124
958,480 573,446
CREDITORS
Amounts falling due within one year 7 772,985 458,179
NET CURRENT ASSETS 185,495 115,267
TOTAL ASSETS LESS CURRENT
LIABILITIES

255,987

212,124

CREDITORS
Amounts falling due after more than one
year

8

(2,520

)

(12,963

)

PROVISIONS FOR LIABILITIES (18,810 ) (16,491 )
NET ASSETS 234,657 182,670

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 234,557 182,570
234,657 182,670

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

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 30 July 2025 and were signed by:





S R Dodd - Director


Bestpricehotdeals Limited (Registered number: 06815375)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Bestpricehotdeals 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.

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.
Plant and machinery - 25% on straight line basis
Fixtures and fittings - 25% on straight line basis
Motor vehicles - 25% on straight line basis
Computer equipment - 25% on straight line basis

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

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


Bestpricehotdeals Limited (Registered number: 06815375)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2024 36,192 12,053 105,185 20,626 174,056
Additions 1,031 - - 1,320 2,351
Disposals (9,427 ) (11,416 ) - (20,324 ) (41,167 )
At 28 February 2025 27,796 637 105,185 1,622 135,240
DEPRECIATION
At 1 March 2024 15,941 11,894 30,205 19,159 77,199
Charge for year 7,126 159 19,746 1,685 28,716
Eliminated on disposal (9,427 ) (11,416 ) - (20,324 ) (41,167 )
At 28 February 2025 13,640 637 49,951 520 64,748
NET BOOK VALUE
At 28 February 2025 14,156 - 55,234 1,102 70,492
At 29 February 2024 20,251 159 74,980 1,467 96,857

Bestpricehotdeals Limited (Registered number: 06815375)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

5. STOCKS
2025 2024
£    £   
Stocks 938,865 532,715

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 379 -
Other debtors 15,898 806
Prepayments and accrued income 1,967 1,801
18,244 2,607

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 27,059 10,186
Trade creditors 613,697 391,927
Tax 39,945 13,221
Social security and other taxes 769 743
Pension payable 281 246
VAT 23,659 19,444
Other creditors 23,924 4,578
Directors' current accounts 41,121 15,444
Accruals and deferred income 2,530 2,390
772,985 458,179

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans - 1-2 years 2,520 12,963