Buys Direct Ltd

	Page
Accountants' Report	1
Balance Sheet	2
Notes to the Financial Statements	3—4

Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Buys Direct Ltd for the year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Buys Direct Ltd for the year ended 31 December 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Buys Direct Ltd , as a body, in accordance with the terms of our engagement letter dated 28 April 2022. Our work has been undertaken solely to prepare for your approval the accounts of Buys Direct Ltd and state those matters that we have agreed to state to the director of Buys Direct Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Buys Direct Ltd and its director, as a body, for our work or for this report.

It is your duty to ensure that Buys Direct Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Buys Direct Ltd . You consider that Buys Direct Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Buys Direct Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

26/09/2025

Elementary Accountancy Services Limited

36 Dearne Hall Lane

Barnsley

S751FX

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Buys Direct Ltd

Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: 13525145

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		4,000,000		4,373,600

			4,000,000		4,373,600
CURRENT ASSETS
Cash at bank and in hand		48		-

		48		-
Creditors: Amounts Falling Due Within One Year	6	(6,706,827 )		(6,974,442 )

NET CURRENT ASSETS (LIABILITIES)			(6,706,779 )		(6,974,442 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(2,706,779 )		(2,600,842 )

NET LIABILITIES			(2,706,779 )		(2,600,842 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(2,706,879 )		(2,600,942 )

SHAREHOLDERS' FUNDS			(2,706,779)		(2,600,842)

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Nathan Winch

Director

26/09/2025

The notes on pages 3 to 4 form part of these financial statements.

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Buys Direct Ltd

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

Buys Direct Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13525145 . The registered office is Unit 8 Solingen House Remscheid Way, Jubilee Industrial Estate, Ashington, NE63 8UJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The director notes that the company shows net liabilities however, this is a holding company whose sole purpose is to hold the investment. There are no significant external creditors for this entity.

2.3. 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 statement of comprehensive income 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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.4. Investments

Investments are held at historical cost less impairment as per directors impairment review.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 2)

4. Investments

	Unlisted
	£
Cost or Valuation
As at 1 January 2024	4,373,600
Additions	7
Revaluations	(373,607 )

As at 31 December 2024	4,000,000

...CONTINUED

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Buys Direct Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	4,000,000

As at 1 January 2024	4,373,600

The investment above is in relation to the subsidary Dedicated Transport Solutions Limited which is a wholly owned subsidary and has net assets at 31st December 2024 of £5,805,053 (2023: £7,483,623).

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	174,388	600
Bank loans and overdrafts	-	6,966,317
Accruals and deferred income	895	660
Amounts owed to group undertakings	6,499,414	-
Amounts owed to parent undertaking	32,130	6,865

	6,706,827	6,974,442

7. Secured Creditors

In the prior year, TFG Capital held a fixed and floating charge over the assets of the company. There are no secured creditors this year.

	2024		2023
	£		£
Bank loans and overdrafts	-		6,966,317

8. Deferred Taxation

Tax losses of £486,687 (2023: £1,179,217) are available to use against carried forward profits but are not provided for in the accounts as there is no certainty over the future profits to offset this against.

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

10. Related Party Transactions

An amount of £32,130 (2023: £6,865) is owed to an entity which controls this entity.

An amount of 6,942,659 (2023: £Nil) is owed by an entity which is controlled by this entity.

No interest is payable on these loans and there are no set payment terms.

Group relief was surrendered by this entity to an entity controlled by this entity which reduced the tax liability of that entity by £144,104 (2023: £205,840).

A debt of £Nil (2023: 837,685) was written off from an entity which controlled this entity. An amount of £1,900 (2023: Nil) is inlcuded within repairs which is from an entity which is under the same control as this entity.

Included within trade creditors is an amount of £12,238.28 (2023: Nil) owed to am entity which controls this entity and £1,900 (2023:Nil) to an entity under the same control as this entity.

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