2024-01-01 2024-12-31 2024-12-31 false 10992225 On Belay Trading Limited 2025-08-05 47110 false iso4217:GBP xbrli:pure 10992225 2023-12-31 10992225 2024-12-31 10992225 2024-01-01 2024-12-31 10992225 2022-12-31 10992225 2023-12-31 10992225 2023-01-01 2023-12-31 10992225 bus:SmallEntities 2024-01-01 2024-12-31 10992225 bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10992225 bus:FullAccounts 2024-01-01 2024-12-31 10992225 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10992225 core:WithinOneYear 2024-12-31 10992225 core:AfterOneYear 2024-12-31 10992225 core:WithinOneYear 2023-12-31 10992225 core:AfterOneYear 2023-12-31 10992225 core:ShareCapital 2024-12-31 10992225 core:SharePremium 2024-12-31 10992225 core:RevaluationReserve 2024-12-31 10992225 core:OtherReservesSubtotal 2024-12-31 10992225 core:RetainedEarningsAccumulatedLosses 2024-12-31 10992225 core:ShareCapital 2023-12-31 10992225 core:SharePremium 2023-12-31 10992225 core:RevaluationReserve 2023-12-31 10992225 core:OtherReservesSubtotal 2023-12-31 10992225 core:RetainedEarningsAccumulatedLosses 2023-12-31 10992225 core:LandBuildings 2024-12-31 10992225 core:PlantMachinery 2024-12-31 10992225 core:Vehicles 2024-12-31 10992225 core:FurnitureFittings 2024-12-31 10992225 core:OfficeEquipment 2024-12-31 10992225 core:NetGoodwill 2024-12-31 10992225 core:IntangibleAssetsOtherThanGoodwill 2024-12-31 10992225 core:ListedExchangeTraded 2024-12-31 10992225 core:UnlistedNon-exchangeTraded 2024-12-31 10992225 core:LandBuildings 2023-12-31 10992225 core:PlantMachinery 2023-12-31 10992225 core:Vehicles 2023-12-31 10992225 core:FurnitureFittings 2023-12-31 10992225 core:OfficeEquipment 2023-12-31 10992225 core:NetGoodwill 2023-12-31 10992225 core:IntangibleAssetsOtherThanGoodwill 2023-12-31 10992225 core:ListedExchangeTraded 2023-12-31 10992225 core:UnlistedNon-exchangeTraded 2023-12-31 10992225 core:LandBuildings 2024-01-01 2024-12-31 10992225 core:PlantMachinery 2024-01-01 2024-12-31 10992225 core:Vehicles 2024-01-01 2024-12-31 10992225 core:FurnitureFittings 2024-01-01 2024-12-31 10992225 core:OfficeEquipment 2024-01-01 2024-12-31 10992225 core:NetGoodwill 2024-01-01 2024-12-31 10992225 core:IntangibleAssetsOtherThanGoodwill 2024-01-01 2024-12-31 10992225 core:ListedExchangeTraded 2024-01-01 2024-12-31 10992225 core:UnlistedNon-exchangeTraded 2024-01-01 2024-12-31 10992225 core:MoreThanFiveYears 2024-01-01 2024-12-31 10992225 core:Non-currentFinancialInstruments 2024-12-31 10992225 core:Non-currentFinancialInstruments 2023-12-31 10992225 dpl:CostSales 2024-01-01 2024-12-31 10992225 dpl:DistributionCosts 2024-01-01 2024-12-31 10992225 core:LandBuildings 2024-01-01 2024-12-31 10992225 core:PlantMachinery 2024-01-01 2024-12-31 10992225 core:Vehicles 2024-01-01 2024-12-31 10992225 core:FurnitureFittings 2024-01-01 2024-12-31 10992225 core:OfficeEquipment 2024-01-01 2024-12-31 10992225 dpl:AdministrativeExpenses 2024-01-01 2024-12-31 10992225 core:NetGoodwill 2024-01-01 2024-12-31 10992225 core:IntangibleAssetsOtherThanGoodwill 2024-01-01 2024-12-31 10992225 dpl:GroupUndertakings 2024-01-01 2024-12-31 10992225 dpl:ParticipatingInterests 2024-01-01 2024-12-31 10992225 dpl:GroupUndertakings core:ListedExchangeTraded 2024-01-01 2024-12-31 10992225 core:ListedExchangeTraded 2024-01-01 2024-12-31 10992225 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2024-01-01 2024-12-31 10992225 core:UnlistedNon-exchangeTraded 2024-01-01 2024-12-31 10992225 dpl:CostSales 2023-01-01 2023-12-31 10992225 dpl:DistributionCosts 2023-01-01 2023-12-31 10992225 core:LandBuildings 2023-01-01 2023-12-31 10992225 core:PlantMachinery 2023-01-01 2023-12-31 10992225 core:Vehicles 2023-01-01 2023-12-31 10992225 core:FurnitureFittings 2023-01-01 2023-12-31 10992225 core:OfficeEquipment 2023-01-01 2023-12-31 10992225 dpl:AdministrativeExpenses 2023-01-01 2023-12-31 10992225 core:NetGoodwill 2023-01-01 2023-12-31 10992225 core:IntangibleAssetsOtherThanGoodwill 2023-01-01 2023-12-31 10992225 dpl:GroupUndertakings 2023-01-01 2023-12-31 10992225 dpl:ParticipatingInterests 2023-01-01 2023-12-31 10992225 dpl:GroupUndertakings core:ListedExchangeTraded 2023-01-01 2023-12-31 10992225 core:ListedExchangeTraded 2023-01-01 2023-12-31 10992225 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2023-01-01 2023-12-31 10992225 core:UnlistedNon-exchangeTraded 2023-01-01 2023-12-31 10992225 core:NetGoodwill 2024-12-31 10992225 core:IntangibleAssetsOtherThanGoodwill 2024-12-31 10992225 core:LandBuildings 2024-12-31 10992225 core:PlantMachinery 2024-12-31 10992225 core:Vehicles 2024-12-31 10992225 core:FurnitureFittings 2024-12-31 10992225 core:OfficeEquipment 2024-12-31 10992225 core:AfterOneYear 2024-12-31 10992225 core:WithinOneYear 2024-12-31 10992225 core:ListedExchangeTraded 2024-12-31 10992225 core:UnlistedNon-exchangeTraded 2024-12-31 10992225 core:ShareCapital 2024-12-31 10992225 core:SharePremium 2024-12-31 10992225 core:RevaluationReserve 2024-12-31 10992225 core:OtherReservesSubtotal 2024-12-31 10992225 core:RetainedEarningsAccumulatedLosses 2024-12-31 10992225 core:NetGoodwill 2023-12-31 10992225 core:IntangibleAssetsOtherThanGoodwill 2023-12-31 10992225 core:LandBuildings 2023-12-31 10992225 core:PlantMachinery 2023-12-31 10992225 core:Vehicles 2023-12-31 10992225 core:FurnitureFittings 2023-12-31 10992225 core:OfficeEquipment 2023-12-31 10992225 core:AfterOneYear 2023-12-31 10992225 core:WithinOneYear 2023-12-31 10992225 core:ListedExchangeTraded 2023-12-31 10992225 core:UnlistedNon-exchangeTraded 2023-12-31 10992225 core:ShareCapital 2023-12-31 10992225 core:SharePremium 2023-12-31 10992225 core:RevaluationReserve 2023-12-31 10992225 core:OtherReservesSubtotal 2023-12-31 10992225 core:RetainedEarningsAccumulatedLosses 2023-12-31 10992225 core:NetGoodwill 2022-12-31 10992225 core:IntangibleAssetsOtherThanGoodwill 2022-12-31 10992225 core:LandBuildings 2022-12-31 10992225 core:PlantMachinery 2022-12-31 10992225 core:Vehicles 2022-12-31 10992225 core:FurnitureFittings 2022-12-31 10992225 core:OfficeEquipment 2022-12-31 10992225 core:AfterOneYear 2022-12-31 10992225 core:WithinOneYear 2022-12-31 10992225 core:ListedExchangeTraded 2022-12-31 10992225 core:UnlistedNon-exchangeTraded 2022-12-31 10992225 core:ShareCapital 2022-12-31 10992225 core:SharePremium 2022-12-31 10992225 core:RevaluationReserve 2022-12-31 10992225 core:OtherReservesSubtotal 2022-12-31 10992225 core:RetainedEarningsAccumulatedLosses 2022-12-31 10992225 core:AfterOneYear 2024-01-01 2024-12-31 10992225 core:WithinOneYear 2024-01-01 2024-12-31 10992225 core:Non-currentFinancialInstruments core:CostValuation 2024-01-01 2024-12-31 10992225 core:Non-currentFinancialInstruments core:AdditionsToInvestments 2024-01-01 2024-12-31 10992225 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-01-01 2024-12-31 10992225 core:Non-currentFinancialInstruments core:DisposalsDecreaseInInvestments 2024-01-01 2024-12-31 10992225 core:Non-currentFinancialInstruments core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2024-01-01 2024-12-31 10992225 core:Non-currentFinancialInstruments core:ImpairmentLossReversalProvisionsForImpairmentInvestments 2024-01-01 2024-12-31 10992225 core:Non-currentFinancialInstruments core:AcquisitionsIncreaseInProvisionsForImpairmentInvestments 2024-01-01 2024-12-31 10992225 core:Non-currentFinancialInstruments core:DisposalsDecreaseInProvisionsForImpairmentInvestments 2024-01-01 2024-12-31 10992225 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments 2024-01-01 2024-12-31 10992225 core:Non-currentFinancialInstruments core:CostValuation 2024-12-31 10992225 core:Non-currentFinancialInstruments core:AdditionsToInvestments 2024-12-31 10992225 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-12-31 10992225 core:Non-currentFinancialInstruments core:DisposalsDecreaseInInvestments 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On Belay Trading Limited

Registered Number
10992225
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

On Belay Trading Limited
Company Information
for the year from 1 January 2024 to 31 December 2024

Director | Makayla Drummond-Murray

Registered Address | Lu. 106 The Source Bulk Foods
| 1 Filament Walk
| London
| SW18 4GQ

Registered Number | 10992225 (England and Wales)

On Belay Trading Limited
Balance Sheet as at
31 December 2024

| Notes | 2024 |  | 2023
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 3 |  |  | 18,777 |  |  |  | 24,608
|  |  |  | 18,777 |  |  |  | 24,608
Current assets |  |  |  |  |  |  |  |
Stocks | 4 | 41,609 |  |  |  | 33,686 |  |
Debtors | 5 | 152,653 |  |  |  | 212,573 |  |
Cash at bank and on hand |  | 94,365 |  |  |  | 43,086 |  |
|  | 288,627 |  |  |  | 289,345 |  |
Creditors amounts falling due within one year | 6 | (77,892) |  |  |  | (37,571) |  |
Net current assets (liabilities) |  |  |  | 210,735 |  |  |  | 251,774
Total assets less current liabilities |  |  |  | 229,512 |  |  |  | 276,382
Creditors amounts falling due after one year | 7 |  |  | (17,069) |  |  |  | (27,166)
Net assets |  |  |  | 212,443 |  |  |  | 249,216
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 100 |  |  |  | 100
Share premium |  |  |  | 135,400 |  |  |  | 135,400
Profit and loss account |  |  |  | 76,943 |  |  |  | 113,716
Shareholders' funds |  |  |  | 212,443 |  |  |  | 249,216

- The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
- The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
- The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
- These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 5 August 2025, and are signed on its behalf by:
Makayla Drummond-Murray Director Registered Company No. 10992225

On Belay Trading Limited
Notes to the Financial Statements
for the year ended 31 December 2024

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

| Basis of preparation
--- | ---
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

| Functional and presentation currency
--- | ---
| The financial statements are presented in sterling and this is the functional currency of the company.

| Turnover policy
--- | ---
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

| Revenue from sale of goods
--- | ---
| Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

| Employee benefits
--- | ---
| The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet.

| Foreign currency translation
--- | ---
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

| Current taxation
--- | ---
| Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

| Tangible fixed assets and depreciation
--- | ---
| Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

|  | Straight line (years)
| Land and buildings | 10
| Plant and machinery | 10
| Fixtures and fittings | 10
| Office Equipment | 5

| Stocks and work in progress
--- | ---
| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. | Average number of employees
--- | ---

|  | 2024 |  | 2023
| Average number of employees during the year | 9 |  | 8

3. | Tangible fixed assets
--- | ---

|  | Land & buildings |  | Plant & machinery |  | Fixtures & fittings |  | Office Equipment |  | Total
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £ |  | £
| Cost or valuation
| At 01 January 24 | 25,176 |  | 5,897 |  | 25,756 |  | 8,544 |  | 65,373
| At 31 December 24 | 25,176 |  | 5,897 |  | 25,756 |  | 8,544 |  | 65,373
| Depreciation and impairment
| At 01 January 24 | 14,823 |  | 3,197 |  | 14,375 |  | 8,370 |  | 40,765
| Charge for year | 2,517 |  | 590 |  | 2,576 |  | 148 |  | 5,831
| At 31 December 24 | 17,340 |  | 3,787 |  | 16,951 |  | 8,518 |  | 46,596
| Net book value
| At 31 December 24 | 7,836 |  | 2,110 |  | 8,805 |  | 26 |  | 18,777
| At 31 December 23 | 10,353 |  | 2,700 |  | 11,381 |  | 174 |  | 24,608

4. | Stocks
--- | ---
| Stocks are stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost comprises direct materials, and where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

|  | 2024 |  | 2023
--- | --- | --- | --- | ---
|  | £ |  | £
| Raw materials and consumables | 41,609 |  | 33,686
| Total | 41,609 |  | 33,686

5. | Debtors: amounts due within one year
--- | ---

|  | 2024 |  | 2023
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade debtors / trade receivables | 12,350 |  | 7,508
| Amounts owed by group undertakings | 105,804 |  | 173,420
| Other debtors | 1,789 |  | 270
| Prepayments and accrued income | 16,207 |  | 14,872
| Total | 136,150 |  | 196,070

| Short term trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

6. | Creditors: amounts due within one year
--- | ---

|  | 2024 |  | 2023
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 38,805 |  | 7,472
| Bank borrowings and overdrafts | 58 |  | -
| Amounts owed to related parties | 10,196 |  | 9,831
| Taxation and social security | 21,471 |  | 11,619
| Other creditors | 284 |  | 2,720
| Accrued liabilities and deferred income | 7,078 |  | 5,929
| Total | 77,892 |  | 37,571

| Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

7. | Creditors: amounts due after one year
--- | ---

|  | 2024 |  | 2023
--- | --- | --- | --- | ---
|  | £ |  | £
| Bank borrowings and overdrafts | 16,519 |  | 26,616
| Amounts owed to related parties | 550 |  | 550
| Total | 17,069 |  | 27,166

8. | Provisions for liabilities
--- | ---
| Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of going the amount of the obligation. Provisions are charged as an expense to the profit and loss account in the year that the company becomes aware of the obligation and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet.