REGISTERED NUMBER: 03548539 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 December 2024

for

Bestsellers Direct Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mr I White

REGISTERED OFFICE:

Unit 3C

Tyler Way

Sheffield

South Yorkshire

S9 1DT

REGISTERED NUMBER:

03548539 (England and Wales)

ACCOUNTANTS:

Sutton McGrath Hartley Limited

5 Westbrook Court

Sharrowvale Road

Sheffield

S11 8YZ

FIXED ASSETS

Intangible assets

4

2,708

6,769

Property, plant and equipment

5

9,721

6,760

12,429

13,529

CURRENT ASSETS

Inventories

661,728

615,948

Debtors

6

613,543

591,737

Cash at bank and in hand

447,529

666,969

1,722,800

1,874,654

CREDITORS

Amounts falling due within one year

7

753,708

986,835

NET CURRENT ASSETS

969,092

887,819

TOTAL ASSETS LESS CURRENT LIABILITIES

981,521

901,348

CREDITORS

Amounts falling due after more than one year

8

6,370

16,309

NET ASSETS

975,151

885,039

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

975,051

884,939

SHAREHOLDERS' FUNDS

975,151

885,039

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 29 September 2025 and were signed by:

Mr I White - Director

1.	STATUTORY INFORMATION

Bestsellers Direct 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.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill originally acquired in 2011 was amortised over its useful life of 5 years. The goodwill was fully amortised in the period ended 31 October 2015.

Goodwill acquired in 2023 is to be amortised over its useful life of 1 year.

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.

Development costs are being amortised evenly over their estimated useful life at 15% on cost.

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

-

20% on cost

Plant and machinery etc

-

25% on reducing balance, 25% on cost, 20% on reducing balance and 10% on cost

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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 39 (2023 - 38 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 31 December 2023

and 30 December 2024

1,200,000

27,078

1,227,078

AMORTISATION

At 31 December 2023

1,200,000

20,309

1,220,309

Charge for year

-

4,061

4,061

At 30 December 2024

1,200,000

24,370

1,224,370

NET BOOK VALUE

At 30 December 2024

-

2,708

2,708

At 30 December 2023

-

6,769

6,769

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 31 December 2023

2,600

70,161

72,761

Additions

-

6,887

6,887

At 30 December 2024

2,600

77,048

79,648

DEPRECIATION

At 31 December 2023

2,600

63,401

66,001

Charge for year

-

3,926

3,926

At 30 December 2024

2,600

67,327

69,927

NET BOOK VALUE

At 30 December 2024

-

9,721

9,721

At 30 December 2023

-

6,760

6,760

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

571,053

552,290

Other debtors

42,490

39,447

613,543

591,737

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,003

10,121

Trade creditors

309,566

369,064

Taxation and social security

102,340

98,490

Other creditors

331,799

509,160

753,708

986,835

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

5,716

15,655

Other creditors

654

654

6,370

16,309

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary Shares

£1.00

100

100

10.	RELATED PARTY DISCLOSURES

On 4 May 2021 70% of the share capital of the Company was acquired by The Bestsellers Direct Ltd EOT ("The Trust"). The Trust holds shares for the future benefit of the employees of the Company. The shares are held by The Bestsellers Direct Ltd EOT in its capacity as corporate trustee of the Trust. The funding for the transaction was partially achieved through an initial contribution by the company. The balance of the consideration was funded by the previous owners of the business. The loans due to the previous owners of the business are an obligation of the Trust, and so the liability for future payments has not been recognised by the company. During the year the Company made contributions of £150,707 (2023: £174,200) to the Trust.