REGISTERED NUMBER: 03801429 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Don't Just Sit There,

Sell Something! Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

L G Brennan

SECRETARY:

Ms L Smith

REGISTERED OFFICE:

Unit 1 Paris Parkland

Railton Road

Guildford

Surrey

GU2 9JX

REGISTERED NUMBER:

03801429 (England and Wales)

ACCOUNTANTS:

Bullimores LLP

Chartered Accountants

Old Printers Yard

156 South Street

Dorking

Surrey

RH4 2HF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

464,307

303,420

464,307

303,420

CURRENT ASSETS

Debtors

6

167,333

121,106

Prepayments and accrued income

5,403

4,410

Cash at bank

-

100

172,736

125,616

CREDITORS

Amounts falling due within one year

7

409,461

281,874

NET CURRENT LIABILITIES

(236,725

)

(156,258

)

TOTAL ASSETS LESS CURRENT LIABILITIES

227,582

147,162

CREDITORS

Amounts falling due after more than one year

8

(135,394

)

(145,537

)

PROVISIONS FOR LIABILITIES

(1,475

)

(1,630

)

NET ASSETS/(LIABILITIES)

90,713

(5

)

CAPITAL AND RESERVES

Called up share capital

100,000

100,000

Revaluation reserve

10

171,189

-

Capital redemption reserve

51

51

Retained earnings

(180,527

)

(100,056

)

SHAREHOLDERS' FUNDS

90,713

(5

)

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 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 19 September 2025 and were signed by:

L G Brennan - Director

1.	STATUTORY INFORMATION

Don't Just Sit There, Sell Something! 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.

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 as modified by the revaluation of certain assets.

The director has taken steps to address that the company made a loss in the year and that the balance sheet shows negative net assets at the balance sheet date. With the assistance of professional advisors the company has restructure its debt and has a business plan to help move forward.. The company has secured financing after the balance sheet date that assists the company cashflow and is secured against the freehold property owned by the company. Accordingly the director has prepared the accounts on a going concern basis.

Turnover

Turnover represents net invoiced provision of telemarketing services to a range of clients. Turnover is recognised when the service is provided to the customer, except in respect of service contracts where turnover is recognised where there is a right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2000, has been fully amortised over its estimated useful life of ten years.

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.

Tangible fixed assets

Depreciation is provided at the annual rates shown below in order to write off each asset over its expected useful life.

Freehold property - 2% on cost

Fixtures and fittings - 25% on reducing balance

Computer equipment - 33% on reducing balance

Freehold property is shown at valuation.

All other tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

At each reporting date, assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and an impairment loss is recognised immediately in the income statement.

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.

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 17 (2023 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

10,000

AMORTISATION

At 1 January 2024

and 31 December 2024

10,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

Computer

property

property

fittings

equipment

Totals

£

£

£

£

£

COST OR VALUATION

At 1 January 2024

441,851

5,880

37,676

25,446

510,853

Additions

-

-

769

1,795

2,564

Revaluations

26,489

-

-

-

26,489

At 31 December 2024

468,340

5,880

38,445

27,241

539,906

DEPRECIATION

At 1 January 2024

151,302

1,588

34,732

19,811

207,433

Charge for year

9,366

117

928

2,454

12,865

Revaluation adjustments

(144,699

)

-

-

-

(144,699

)

At 31 December 2024

15,969

1,705

35,660

22,265

75,599

NET BOOK VALUE

At 31 December 2024

452,371

4,175

2,785

4,976

464,307

At 31 December 2023

290,549

4,292

2,944

5,635

303,420

Cost or valuation at 31 December 2024 is represented by:

Improvements

Fixtures

Freehold

to

and

Computer

property

property

fittings

equipment

Totals

£

£

£

£

£

Valuation in 2024

468,340

5,880

38,445

27,241

539,906

The directors valued the freehold property at £450,000 at the year end. The directors used an independent market valuation to support their opinion as to the value.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

167,333

121,106

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

98,282

66,366

Trade creditors

11,917

8,182

Social security and other taxes

99,269

13,217

VAT

158,658

69,974

Other creditors

9,360

380

Directors' current accounts

26,963

119,857

Accrued expenses

5,012

3,898

409,461

281,874

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans 1-2 years

41,646

26,795

Bank loans 2-5 years

91,080

91,402

Bank loans > 5 years

2,668

27,340

135,394

145,537

Amounts falling due in more than five years:

Repayable by instalments

Bank loans > 5 years

2,668

27,340

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank overdrafts

48,160

41,204

Bank loans

185,516

170,699

233,676

211,903

10.

RESERVES

Revaluation

reserve

£

Revaluation

171,189

At 31 December 2024

171,189

11.	POST BALANCE SHEET EVENTS

Subsequent to the year end the company has entered into a facility with an individual to provide cash flow financing. The debts owed are secured by way of fixed charge against the freehold property owned by the company.