REGISTERED NUMBER: 12399047 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

THE ONLINE GIVEAWAY GUYS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Toye

REGISTERED OFFICE:

20-22 Wenlock Road

London

N1 7GU

REGISTERED NUMBER:

12399047 (England and Wales)

ACCOUNTANTS:

Haines Watts

Business Advisors and Accountants

Q Court

3 Quality Street

Edinburgh

EH4 5BP

FIXED ASSETS

Tangible assets

4

124,045

121,512

CURRENT ASSETS

Stocks

1,303,265

629,500

Debtors

5

1,174,084

-

Cash at bank and in hand

723,276

549,066

3,200,625

1,178,566

CREDITORS

Amounts falling due within one year

6

(1,322,090

)

(675,763

)

NET CURRENT ASSETS

1,878,535

502,803

TOTAL ASSETS LESS CURRENT LIABILITIES

2,002,580

624,315

CREDITORS

Amounts falling due after more than one year

7

(42,752

)

(80,528

)

PROVISIONS FOR LIABILITIES

9

(22,665

)

(30,378

)

NET ASSETS

1,937,163

513,409

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,937,162

513,408

1,937,163

513,409

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2025 and were signed by:

P Toye - Director

1.	STATUTORY INFORMATION

The Online Giveaway Guys 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 from prize draws offering customers the chance to win luxury goods. Turnover represents the value of tickets sold in respect of these competitions and is stated excluding value added tax.Turnover in respect of these competitions are recognised when consideration is received or receivable due to tickets being non-refundable.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

25% per annum reducing balance

Fixtures and fittings

-

25% per annum reducing balance

Motor vehicles

-

15% per annum reducing balance

Computer equipment

-

25% per annum reducing balance

The carrying values of tangible fixed assets are reviewed for impairment on an annual basis.

STOCKS

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

Inventory of prizes held for future prize draws are valued at the lower of cost and net realisable value.

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Short-term debt instruments, including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

HIRE PURCHASE AND LEASING COMMITMENTS

Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet and are depreciated over the shorter of the lease term and the asset’s useful lives. A corresponding liability is recognised for the lower of the fair value of the leased asset and the present value of the minimum lease payments in the balance sheet. Lease payments are apportioned between the reduction of the lease liability and finance charges in the statement of retained earnings so as to achieve a constant rate of interest on the remaining balance of the liability.

Rentals payable under operating leases are charged in the profit and loss account on a

straight line basis over the lease term. Lease incentives are recognised over the lease term on a straight line basis.

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.

IMPAIRMENT OF ASSETS

At each reporting date, fixed 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 compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2024

6,349

23,121

105,275

6,164

140,909

Additions

835

27,222

-

-

28,057

At 31 January 2025

7,184

50,343

105,275

6,164

168,966

DEPRECIATION

At 1 February 2024

1,045

2,091

12,866

3,395

19,397

Charge for year

1,378

9,593

13,861

692

25,524

At 31 January 2025

2,423

11,684

26,727

4,087

44,921

NET BOOK VALUE

At 31 January 2025

4,761

38,659

78,548

2,077

124,045

At 31 January 2024

5,304

21,030

92,409

2,769

121,512

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Other debtors

1,174,084

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Bank loans and overdrafts

5,171

4,656

Hire purchase contracts

36,041

24,846

Trade creditors

52,186

-

Taxation and social security

1,177,851

475,946

Other creditors

50,841

170,315

1,322,090

675,763

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

as restated

£

£

Bank loans

29,657

34,828

Hire purchase contracts

13,095

45,700

42,752

80,528

Amounts falling due in more than five years:

Repayable by instalments

Bank loans due after more than five years and repayable by instalments

2,783

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

as restated

£

£

Hire purchase contracts

49,136

-

Motor vehicles are held under hire purchase arrangements. Hire purchase liabilities are secured by the related assets held under hire purchase. The lease agreements include fixed lease payments and a purchase option at the end of the lease term.

9.	PROVISIONS FOR LIABILITIES

2025

2024

as restated

£

£

Deferred tax

22,665

30,378

Deferred

tax

£

Balance at 1 February 2024

30,378

Credit to Statement of Income and Retained Earnings during year

(7,713

)

Balance at 31 January 2025

22,665

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025

2024

as restated

£

£

P Toye

Balance outstanding at start of year

(88,965

)

158,270

Amounts advanced

655,635

688,204

Amounts repaid

(462,476

)

(935,439

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

104,194

(88,965

)

The loan attracts interest of 2.25% on overdrawn balances over £10,000. The loan is repayable on demand.