REGISTERED NUMBER: 11021008 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

RESTLY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B A Shayeb

SECRETARY:

REGISTERED OFFICE:

Botanical Works

2 Jubilee Street

LONDON

UK

E1 3FU

REGISTERED NUMBER:

11021008 (England and Wales)

ACCOUNTANTS:

Taxpoint Direct Limited

Chartered Certified Accountants &Tax Consultants

310E Sterling House

Langston Road

Loughton

IG10 3TS

FIXED ASSETS

Intangible assets

4

15,815

-

Tangible assets

5

198,006

111,626

213,821

111,626

CURRENT ASSETS

Stocks

8,437

3,734

Debtors

6

136,226

147,949

Cash at bank and in hand

106,443

233,290

251,106

384,973

CREDITORS

Amounts falling due within one year

7

184,038

126,818

NET CURRENT ASSETS

67,068

258,155

TOTAL ASSETS LESS CURRENT LIABILITIES

280,889

369,781

CREDITORS

Amounts falling due after more than one year

8

1,099,697

365,779

NET (LIABILITIES)/ASSETS

(818,808

)

4,002

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Retained earnings

11

(819,808

)

3,002

SHAREHOLDERS' FUNDS

(818,808

)

4,002

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 16 September 2025 and were signed by:

B A Shayeb - Director

1.	STATUTORY INFORMATION

RESTLY LTD 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

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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 following annual rates in order to write off each asset over its estimated useful life.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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

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 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

15,815

At 31 December 2024

15,815

NET BOOK VALUE

At 31 December 2024

15,815

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

55,247

18,011

41,384

9,516

124,158

Additions

111,859

-

9,788

4,279

125,926

At 31 December 2024

167,106

18,011

51,172

13,795

250,084

DEPRECIATION

At 1 January 2024

5,419

666

5,450

997

12,532

Charge for year

22,542

2,111

13,429

1,464

39,546

At 31 December 2024

27,961

2,777

18,879

2,461

52,078

NET BOOK VALUE

At 31 December 2024

139,145

15,234

32,293

11,334

198,006

At 31 December 2023

49,828

17,345

35,934

8,519

111,626

6.

DEBTORS

31.12.24

31.12.23

as restated

£

£

Amounts falling due within one year:

Trade debtors

-

75,681

Prepayments and accrued income

10,038

-

Client Prepaid Rent

-

9,600

Deposit To Landlord

91,800

11,150

Office Deposit-Restly

30,368

48,518

132,206

144,949

Amounts falling due after more than one year:

Other debtors

4,020

3,000

Aggregate amounts

136,226

147,949

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

as restated

£

£

Bank loans and overdrafts (see note 9)

8,206

-

Trade creditors

136,533

126,818

Directors' current accounts

35,000

-

Accrued expenses

4,299

-

184,038

126,818

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

as restated

£

£

Bank loans (see note 9)

234,334

78,464

Assosiated Loan Accounts

416,309

-

Client Advance Payments

-

52,749

Client Deposit- TDS Restly

449,054

234,566

1,099,697

365,779

9.

LOANS

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

as restated

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

8,206

-

Amounts falling due between two and five years:

Bank loans - 2-5 years

220,707

51,840

Capital Lease Payable

13,627

26,624

234,334

78,464

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

as restated

£

£

1,000,000

ordinary share capital

.001

1,000

1,000

11.

RESERVES

Retained

earnings

£

At 1 January 2024

3,002

Prior year adjustment

(462,266

)

(459,264

)

Deficit for the year

(360,544

)

At 31 December 2024

(819,808

)