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REGISTERED NUMBER: 04375479 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2025

FOR

BELUSHI LIMITED

BELUSHI LIMITED (REGISTERED NUMBER: 04375479)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BELUSHI LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2025







DIRECTOR: R A G White





REGISTERED OFFICE: 4 Compton Park
Wildmere Road
Banbury
Oxfordshire
OX16 3LU





REGISTERED NUMBER: 04375479 (England and Wales)





ACCOUNTANTS: J A Muncey FCCA
31 Astrop Road
Middleton Cheney
Banbury
Oxfordshire
OX17 2PQ

BELUSHI LIMITED (REGISTERED NUMBER: 04375479)

BALANCE SHEET
28TH FEBRUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 5 217,616 133,994
Tangible assets 6 123,712 135,772
341,328 269,766

CURRENT ASSETS
Stocks 361,160 556,261
Debtors 7 2,063,604 1,528,060
Cash at bank and in hand 13,993 154,795
2,438,757 2,239,116
CREDITORS
Amounts falling due within one year 8 2,273,793 1,756,963
NET CURRENT ASSETS 164,964 482,153
TOTAL ASSETS LESS CURRENT LIABILITIES 506,292 751,919

PROVISIONS FOR LIABILITIES 14,067 15,103
NET ASSETS 492,225 736,816

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 492,125 736,716
SHAREHOLDERS' FUNDS 492,225 736,816

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

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

BELUSHI LIMITED (REGISTERED NUMBER: 04375479)

BALANCE SHEET - continued
28TH FEBRUARY 2025


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 31st July 2025 and were signed by:





R A G White - Director


BELUSHI LIMITED (REGISTERED NUMBER: 04375479)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2025

1. STATUTORY INFORMATION

Belushi 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
The company sells goods via its website and other on line platforms. for delivery to the customer.Revenue is recognised when the risks and rewards of the goods is passed to the customer on acceptance by the customer. Turnover represents the invoiced value of the goods supplied by the company net of Value Added Tax after taking into account fees,credits and returns.

Intangible assets
Development expenditure is normally written off in the year of expenditure, however, expenditure incurred on specific projects is capitalized and is amortized over the term expected to benefit from the expenditure and is reviewed annually..

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - at varying rates on cost
Plant and machinery etc - 25% on cost and at varying rates 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2024 - 29 ) .

BELUSHI LIMITED (REGISTERED NUMBER: 04375479)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2025

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st March 2024 141,865
Additions 111,995
At 28th February 2025 253,860
AMORTISATION
At 1st March 2024 7,871
Charge for year 28,373
At 28th February 2025 36,244
NET BOOK VALUE
At 28th February 2025 217,616
At 29th February 2024 133,994

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st March 2024 45,590 177,701 223,291
Additions 2,257 3,534 5,791
Disposals (6,499 ) (8,668 ) (15,167 )
At 28th February 2025 41,348 172,567 213,915
DEPRECIATION
At 1st March 2024 9,292 78,227 87,519
Charge for year 5,239 12,612 17,851
Eliminated on disposal (6,499 ) (8,668 ) (15,167 )
At 28th February 2025 8,032 82,171 90,203
NET BOOK VALUE
At 28th February 2025 33,316 90,396 123,712
At 29th February 2024 36,298 99,474 135,772

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 842,787 531,911
Other debtors 1,220,817 996,149
2,063,604 1,528,060

BELUSHI LIMITED (REGISTERED NUMBER: 04375479)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2025

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 1,780,794 1,568,197
Taxation and social security 92,744 124,437
Other creditors 400,255 64,329
2,273,793 1,756,963

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year - 3,600
Between one and five years 176,359 239,046
176,359 242,646

On 23rd February 2023 a formal lease was signed on a new commercial unit. The total minimum rental payments due are included in the above figure.

10. RELATED PARTY DISCLOSURES

A loan of £840,000 (2024 £915,000) was owed to the company by a building development company in which RAG White is a director and shareholder.

At the year end a loan account with R A G White stood at a balance of £224,300. The loan has subsequently been settled.

RAG White and D White are regarded as joint ultimate controlling party by virtue of their shareholding.