Convey With Me Ltd


Director	Sonja Dionne MacGregor


Registered Address	The Old Stables Grey's Yard
	Unit 9
	Morpeth
	NE61 1QD


Registered Number	07171748 (England and Wales)

Balance Sheet as at
28 February 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		10,590		21,180
Tangible assets	4		2,829		2,117
			13,419		23,297
Current assets
Stocks	5	48,430		34,445
Debtors		26,300		49,255
Cash at bank and on hand		20,430		585
		95,160		84,285
Prepayments and accrued income		9,939		10,549
Creditors amounts falling due within one year	6	(83,340)		(73,148)
Net current assets (liabilities)			21,759		21,686
Total assets less current liabilities			35,178		44,983
Creditors amounts falling due after one year	7		(21,336)		(41,988)
Provisions for liabilities	8		(538)		(402)
Net assets			13,304		2,593
Capital and reserves
Called up share capital			1		1
Profit and loss account			13,303		2,592
Shareholders' funds			13,304		2,593

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 19 June 2025, and are signed on its behalf by:

Sonja Dionne MacGregor
Director
Registered Company No. 07171748

Convey With Me Ltd

Notes to the Financial Statements
for the year ended 28 February 2025

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.

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
	Contributions to defined contribution plans are expensed in the period to which they relate.

	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.

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.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	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:


	Reducing balance (%)	Straight line (years)
Fixtures and fittings	15	-
Office Equipment	-	3

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	5		4

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 March 24	21,180	21,180
At 28 February 25	21,180	21,180
Amortisation and impairment
Charge for year	10,590	10,590
At 28 February 25	10,590	10,590
Net book value
At 28 February 25	10,590	10,590
At 29 February 24	21,180	21,180

4.	Tangible fixed assets

	Fixtures & fittings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 March 24	7,246	7,259	14,505
Additions	-	1,792	1,792
At 28 February 25	7,246	9,051	16,297
Depreciation and impairment
At 01 March 24	5,615	6,773	12,388
Charge for year	244	836	1,080
At 28 February 25	5,859	7,609	13,468
Net book value
At 28 February 25	1,387	1,442	2,829
At 29 February 24	1,631	486	2,117

5.	Stocks

	2025	2024
	£	£
Work in progress	48,430	34,445
Total	48,430	34,445

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	13,721	2,291
Bank borrowings and overdrafts	20,728	19,143
Taxation and social security	23,482	33,806
Other creditors	868	307
Accrued liabilities and deferred income	24,541	17,601
Total	83,340	73,148


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	21,336	41,988
Total	21,336	41,988

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	538	402
Total	538	402

9.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
Sonja Dionne MacGregor	49,255	4,300	27,255	26,300
Directors Loan
	49,255	4,300	27,255	26,300


	There was a £26,300 interest free loan to the director outstanding at the year end.