Something Familiar Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 12164785

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		7,077		11,593

			7,077		11,593
CURRENT ASSETS
Debtors	5	89,000		34,273
Cash at bank and in hand		61,482		156,895

		150,482		191,168
Creditors: Amounts Falling Due Within One Year	6	(60,874 )		(58,591 )

NET CURRENT ASSETS (LIABILITIES)			89,608		132,577

TOTAL ASSETS LESS CURRENT LIABILITIES			96,685		144,170

Creditors: Amounts Falling Due After More Than One Year	7		-		(12,330 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,345 )		(2,413 )

NET ASSETS			95,340		129,427

CAPITAL AND RESERVES
Called up share capital	8		99		99
Profit and Loss Account			95,241		129,328

SHAREHOLDERS' FUNDS			95,340		129,427

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Something Familiar Ltd

Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 2025 the company was entitled to exemption from audit 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 directors acknowledge 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 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

B Cozens

Director

06/10/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Something Familiar Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12164785 . The registered office is Tobacco Factory Raleigh Road, Southville, Bristol, BS3 1TF.

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 directors have 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.

2.3. Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the Company's activities. Turnover is shown net of value added tax, returns, customer rebates, discounts and disbursements to the extent that Company is acting as principal. When the company acts as agent turnover is recorded on the basis of net amount retained.

The company recognises revenue for services rendered when;

• The amount of revenue can be reliably measured;

• It is probable that the Company will receive the consideration due and under the contract;

• The stage of completion of the contract at the end of the reporting period can be measured to reliably by reference to either the input costs or the contracted outputs and deliverables; and

• The costs incurred and the costs to complete the contract can be measured reliably

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	33% straight line
Fixtures & Fittings	33% straight line
Computer Equipment	33% straight line

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.6. 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.

...CONTINUED

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Something Familiar Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.6. Taxation - continued

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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2024: 10)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 September 2024	1,130	17,663	22,026	40,819
Additions	833	-	3,575	4,408

As at 31 August 2025	1,963	17,663	25,601	45,227

Depreciation
As at 1 September 2024	1,130	8,868	19,228	29,226
Provided during the period	417	4,517	3,990	8,924

As at 31 August 2025	1,547	13,385	23,218	38,150

Net Book Value
As at 31 August 2025	416	4,278	2,383	7,077

As at 1 September 2024	-	8,795	2,798	11,593

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	87,901	33,174
Prepayments and accrued income	1,000	1,000
Other debtors	99	99

	89,000	34,273

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	10,212	3,202
Bank loans and overdrafts	12,810	8,304
Corporation tax	30,868	27,406
Other taxes and social security	6,984	19,679

	60,874	58,591

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	12,330

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Something Familiar Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	99	99

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