Company registration number 11415076 (England and Wales)
EVERYTHING GLOBAL LTD
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
EVERYTHING GLOBAL LTD
COMPANY INFORMATION
Directors
J Parker
P Rowlett
Company number
11415076
Registered office
Peat House
Floor 2
1 Waterloo Way
Leicester
Leicestershire
United Kingdom
LE1 6LP
Auditor
Azets Audit Services
2 Regan Way
Chetwynd Business Park
Chilwell
Nottingham
United Kingdom
NG9 6RZ
EVERYTHING GLOBAL LTD
CONTENTS
Page
Strategic report
1 - 2
Directors' report
3
Directors' responsibilities statement
4
Independent auditor's report
5 - 7
Group profit and loss account
8
Group statement of comprehensive income
9
Group balance sheet
10
Company balance sheet
11
Group statement of changes in equity
12
Company statement of changes in equity
13
Group statement of cash flows
14
Notes to the financial statements
15 - 31
EVERYTHING GLOBAL LTD
STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The directors present the strategic report for the year ended 31 March 2025.

Review of the business

As we progress through our fifteenth year in business, our primary focus remains on continuing the group-wide restructuring necessitated by the aftermath of the pandemic. However, this focus is gradually diminishing as we achieve key milestones, and, as anticipated, the company is once again operating as a cash-generating and profitable entity.

Some Key highlights for 2024/25

1. As anticipated, we have fully reversed the £2.1 million impairment at the company level, reflecting the strong and expected improvement in trading performance and profitability across the Group. In accordance with UK GAAP, the goodwill cannot be reinstated within the consolidated accounts; however, the Group’s overall financial position remains stable.

2. In line with our projections, the Group is once again experiencing growth in global revenue. As of this report, we can confirm that we are on track to exceed our revenue target for 2025/26, marking another year of steady growth and a further increase in profitability. This upward trend is expected to accelerate, driven by ongoing operational improvements. Notably, Australia and Canada have emerged as standout markets, contributing significantly to this positive momentum.

3. Following the commercial success achieved with the launch of our exclusive Elara One pen, the company has decided to capitalize on this momentum by expanding our portfolio with additional exclusive product offerings in the future.

4. At the time of writing, and after four years of intermittent development, I am proud to say that we have now gone live in our first territory with our new group software solution. This will significantly aid scalability, order management, and financial visibility, while also introducing numerous automation tools to drive revenue and enhance customer service.

5. Due to changes in our business model over the past three years, including the adoption of a hybrid working environment, we have successfully reduced our office space requirements. As a result, we exited both our Las Vegas and UK head offices, with new tenants assuming all liabilities, including dilapidations. This strategic shift is expected to support further increases in profitability for the 2025/26 financial year.

It should be noted that when discussing profitability, we do expect some exceptional costs with onboarding our global workforce to the new software solution (circa - £75k).

In line with accounting standards, only fully delivered business—regardless of whether it is paid, on credit, or in production—can be reported in this financial year. With this in mind, the company can also report that, at the start of the 2025/26 year, we carried over £2.5m in open orders with approximately £691k of gross profit. This should provide a more rounded view of the overall trading position.

Principal risks and uncertainties

Demand remains consistent across the group; however, we have observed a slight decline in customer order growth in certain territories. The underlying causes for this have been identified, and with the implementation of our new software and improved processes, we expect a recovery in these markets by 2026.

The company is also closely monitoring global exchange rates, as fluctuations could pose a risk to profitability growth in 2025/26, given that our financial reporting is conducted in GBP.

EVERYTHING GLOBAL LTD
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
Key performance indicators

The directors actively monitor Key Performance Indicators (KPIs) that are appropriate to the Group but are ultimately driven on EBITDA and margin.

Year ended | 31st March 2025 | 31st March 2024
Turnover: | £31,618k | £28,390k
Gross Profit: | £5,366k | £4,480k
Gross Profit Margin: | 16.97% | 17.78%
Profit/(loss) after tax: | £542k | £(2,706)k
At year end the group had £2.5m of unreported revenue for customer orders in production or awaiting delivery. The gross profit in relation to committed revenue is £0.69m.

On behalf of the board

P Rowlett
Director
30 October 2025
EVERYTHING GLOBAL LTD
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -

The directors present their annual report and financial statements for the year ended 31 March 2025.

Principal activities

The principal activity of the company is that of a holding company. The principal activity of the group continued to be that of specialists in bespoke and overprinted promotional products.

Results and dividends

The results for the year are set out on page 8.

No ordinary dividends were paid. The directors do not recommend payment of a dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

J Parker
P Rowlett
Auditor

Azets Audit Services were appointed as auditor to the group and in accordance with section 485 of the Companies Act 2006, a resolution proposing that they be re-appointed will be put at a General Meeting.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

On behalf of the board
P Rowlett
Director
30 October 2025
EVERYTHING GLOBAL LTD
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -

The directors are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and company, and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group and company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the group’s and company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

EVERYTHING GLOBAL LTD
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF EVERYTHING GLOBAL LTD
- 5 -
Opinion

We have audited the financial statements of Everything Global Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the group profit and loss account, the group statement of comprehensive income, the group balance sheet, the company balance sheet, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the group's and the parent company's affairs as at 31 March 2025 and of the group's profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the strategic report and the directors' r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

EVERYTHING GLOBAL LTD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF EVERYTHING GLOBAL LTD
- 6 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and their environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- the parent company financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the group and parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the parent company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

EVERYTHING GLOBAL LTD
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF EVERYTHING GLOBAL LTD
- 7 -

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

- Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;

- Reviewing minutes of meetings of those charged with governance;

- Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the entity through enquiry and inspection;

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

- Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Lee Meredith BFP ACA (Senior Statutory Auditor)
For and on behalf of Azets Audit Services
3 November 2025
Chartered Accountants
Statutory Auditor
2 Regan Way
Chetwynd Business Park
Chilwell
Nottingham
United Kingdom
NG9 6RZ
EVERYTHING GLOBAL LTD
GROUP PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
2025
2024
as restated
Notes
£
£
Turnover
3
31,618,856
28,390,629
Cost of sales
(26,252,616)
(23,910,122)
Gross profit
5,366,240
4,480,507
Distribution costs
(833,918)
(1,197,258)
Administrative expenses
(3,665,767)
(6,246,952)
Other operating income
160
20,602
Operating profit/(loss)
4
866,715
(2,943,101)
Interest receivable and similar income
8
-
0
1,034
Interest payable and similar expenses
9
-
0
(197)
Profit/(loss) before taxation
866,715
(2,942,264)
Tax on profit/(loss)
10
(324,679)
93,110
Profit/(loss) for the financial year
542,036
(2,849,154)
Profit/(loss) for the financial year is all attributable to the owners of the parent company.
EVERYTHING GLOBAL LTD
GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2025
- 9 -
2025
2024
as restated
£
£
Profit/(loss) for the year
542,036
(2,849,154)
Other comprehensive income
Currency translation (loss)/gain arising in the year
(118,885)
127,259
Total comprehensive income for the year
423,151
(2,721,895)
Total comprehensive income for the year is all attributable to the owners of the parent company.
EVERYTHING GLOBAL LTD
GROUP BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 10 -
2025
2024
as restated
Notes
£
£
£
£
Fixed assets
Intangible assets
12
216,930
272,560
Tangible assets
13
88,559
117,398
305,489
389,958
Current assets
Stocks
16
16,035
44,020
Debtors
17
3,776,439
4,431,389
Cash at bank and in hand
331,233
515,253
4,123,707
4,990,662
Creditors: amounts falling due within one year
18
(8,499,469)
(9,913,713)
Net current liabilities
(4,375,762)
(4,923,051)
Total assets less current liabilities
(4,070,273)
(4,533,093)
Creditors: amounts falling due after more than one year
19
(1,246)
(11,553)
Provisions for liabilities
Deferred tax liability
21
49,976
-
0
(49,976)
-
Net liabilities
(4,121,495)
(4,544,646)
Capital and reserves
Called up share capital
23
310
310
Other reserves
217,383
336,268
Profit and loss reserves
(4,339,188)
(4,881,224)
Total equity
(4,121,495)
(4,544,646)
The financial statements were approved by the board of directors and authorised for issue on 30 October 2025 and are signed on its behalf by:
30 October 2025
P Rowlett
Director
Company registration number 11415076 (England and Wales)
EVERYTHING GLOBAL LTD
COMPANY BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 11 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
14
2,102,892
800
Current assets
Debtors
17
693,699
693,699
Creditors: amounts falling due within one year
18
(2,756,134)
(2,756,134)
Net current liabilities
(2,062,435)
(2,062,435)
Net assets/(liabilities)
40,457
(2,061,635)
Capital and reserves
Called up share capital
23
310
310
Profit and loss reserves
40,147
(2,061,945)
Total equity
40,457
(2,061,635)

As permitted by s408 Companies Act 2006, the c ompany has not presented its own profit and loss account and related notes. The c ompany’s profit for the year was £2,102,092 (2024 - £2,102,092 loss).

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 30 October 2025 and are signed on its behalf by:
30 October 2025
P Rowlett
Director
Company registration number 11415076 (England and Wales)
EVERYTHING GLOBAL LTD
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 12 -
Share capital
Currency translation reserve
Profit and loss reserves
Total
£
£
£
£
As restated for the period ended 31 March 2024:
Balance at 1 April 2023
310
-
(1,823,061)
(1,822,751)
Currency translation differences
-
209,009
(209,009)
-
As restated
310
209,009
(2,032,070)
(1,822,751)
Year ended 31 March 2024:
Loss for the year
-
-
(2,849,154)
(2,849,154)
Other comprehensive income:
Currency translation differences
-
127,259
-
0
127,259
Total comprehensive income
-
127,259
(2,849,154)
(2,721,895)
Balance at 31 March 2024
310
336,268
(4,881,224)
(4,544,646)
Year ended 31 March 2025:
Profit for the year
-
-
542,036
542,036
Other comprehensive income:
Currency translation differences
-
(118,885)
-
0
(118,885)
Total comprehensive income
-
(118,885)
542,036
423,151
Balance at 31 March 2025
310
217,383
(4,339,188)
(4,121,495)
EVERYTHING GLOBAL LTD
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 13 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 April 2023
310
40,147
40,457
Year ended 31 March 2024:
Loss and total comprehensive income for the year
-
(2,102,092)
(2,102,092)
Balance at 31 March 2024
310
(2,061,945)
(2,061,635)
Year ended 31 March 2025:
Profit and total comprehensive income
-
2,102,092
2,102,092
Balance at 31 March 2025
310
40,147
40,457
EVERYTHING GLOBAL LTD
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
- 14 -
2025
2024
as restated
Notes
£
£
£
£
Cash flows from operating activities
Cash (absorbed by)/generated from operations
28
(200,354)
301,011
Interest paid
-
0
(197)
Income taxes refunded/(paid)
49,672
(158,313)
Net cash (outflow)/inflow from operating activities
(150,682)
142,501
Investing activities
Purchase of intangible assets
-
(46,555)
Interest received
-
0
1,034
Net cash used in investing activities
-
(45,521)
Financing activities
Repayment of bank loans
(31,921)
25,892
Net cash (used in)/generated from financing activities
(31,921)
25,892
Net (decrease)/increase in cash and cash equivalents
(182,603)
122,872
Cash and cash equivalents at beginning of year
458,532
457,130
Effect of foreign exchange rates
55,304
(121,470)
Cash and cash equivalents at end of year
331,233
458,532
Relating to:
Cash at bank and in hand
331,233
515,253
Bank overdrafts included in creditors payable within one year
-
(56,721)
EVERYTHING GLOBAL LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 15 -
1
Accounting policies
Company information

Everything Global Limited ("the company") is a private limited company domiciled and incorporated in England and Wales. The registered office is Peat House Floor 1 & 2, 1 Waterloo Way, Leicester, United Kingdom, LE1 6LP.

The group consists of Everything Global Limited and all of its subsidaires.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in pound sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements for parent company information presented within the consolidated financial statements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

- Section 26 ‘Share based Payment’: Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

1.2
Business combinations

In the parent company financial statements, t he cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. I nvestments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

EVERYTHING GLOBAL LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 16 -
1.3
Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company Everything Global Ltd together with all entities controlled by the parent company (its subsidiaries).

All financial statements are made up to 31 March 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the g roup.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

1.4
Going concern

In assessing the appropriateness of the going concern assumption, the directors have prepared a detailed profit and cashflow forecast which extends for the period of 12 months from the approval of the financial statements. The directors considered potential scenarios and uncertainties in relation to income, expenditure and aged creditors as they fall due. The directors have reviewed and considered cost savings, coupled with implementing financing arrangements which would allow for increased liquidity throughout the group, should it be required. With these arrangements in place the directors have concluded that there are no circumstances that give rise to material uncertainty in relation to going concern and as such have deemed it appropriate for the group financial statements to be prepared on the going concern basis.

1.5
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services

provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually upon delivery), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.6
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of a business over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is ten years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

EVERYTHING GLOBAL LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 17 -
1.7
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer software
20% reducing balance
1.8
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% reducing balance
Fixtures and fittings
20% - 33% reducing balance
Computers
20% - 33% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

1.9
Fixed asset investments

I n the parent company financial statements, investments in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

Where the subsidiary has been previously impaired for the value of the investment, management will subsequently monitor and review the performance of the subsidiary to reinstate the value of the investment measured at the historic cost.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.10
Impairment of fixed assets

At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.11
Stocks

Stocks, which are goods for resale, are stated at the lower of cost and net realisable value, being the estimated selling price less costs to sell. Cost is based on the cost of purchase on a first in, first out basis.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Profit and Loss Account.

EVERYTHING GLOBAL LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 18 -

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.12
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.13
Financial instruments

The group only has financial instruments that are classified as basic financial instruments.

Financial instruments are recognised in the group's balance sheet when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest m ethod. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the group after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

EVERYTHING GLOBAL LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 19 -
Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

1.14
Equity instruments

Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.

1.15
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.16
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.17
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.18
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

EVERYTHING GLOBAL LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 20 -
1.19

Foreign currency transactions and balances

These financial statements are presented in Great British Pounds ("GBP") which is the Company's functional currency. All financial information is presented in GBP and has been rounded to the nearest pound. Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities demoninated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the Profit and Loss Account.

2
Judgements and key sources of estimation uncertainty

In the application of the group’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Stock valuation

The valuation of stock includes an assessment for impairment which requires an estimate of the realisable value of such stock. Accordingly the directors have assessed the stock for an impairment and have determined a provison of £Nil (2024: £26,412) in the financial statements.

3
Turnover and other revenue
2025
2024
£
£
Turnover analysed by class of business
Proforma sales
27,049,921
25,733,849
Credit sales
4,568,935
2,656,780
31,618,856
28,390,629
2025
2024
£
£
Turnover analysed by geographical market
United Kingdom
8,706,661
9,526,062
Rest of the world
22,912,195
18,864,567
31,618,856
28,390,629
EVERYTHING GLOBAL LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
3
Turnover and other revenue
(Continued)
- 21 -
2025
2024
£
£
Other revenue
Interest income
-
1,034
4
Operating profit/(loss)
2025
2024
£
£
Operating profit/(loss) for the year is stated after charging/(crediting):
Exchange gains
(199,107)
(153,036)
Depreciation of owned tangible fixed assets
28,423
38,286
(Profit)/loss on disposal of tangible fixed assets
-
559,991
Amortisation of intangible assets
54,876
43,310
Impairment of intangible assets
-
0
1,355,521
(Profit)/loss on disposal of intangible assets
-
75
Operating lease charges
236,821
67,387
5
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the group and company
38,569
56,951
Audit of the financial statements of the company's subsidiaries
31,556
47,599
70,125
104,550
For other services
Audit-related assurance services
6,050
5,600
Taxation compliance services
9,500
8,750
15,550
14,350
6
Employees

The average monthly number of persons (including directors) employed by the group and company during the year was:

Group
Company
2025
2024
2025
2024
Number
Number
Number
Number
68
89
0
0
EVERYTHING GLOBAL LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
6
Employees
(Continued)
- 22 -

Their aggregate remuneration comprised:

Group
Company
2025
2024
2025
2024
£
£
£
£
Wages and salaries
3,258,759
3,624,964
-
0
-
0
Social security costs
320,922
381,627
-
-
Pension costs
54,257
63,937
-
0
-
0
3,633,938
4,070,528
-
0
-
0

The directors are remunerated from its subsidiary Everything Branded Limited.

7
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
530,000
530,000
Company pension contributions to defined contribution schemes
12,000
-
542,000
530,000
Remuneration disclosed above includes the following amounts paid to the highest paid director:
2025
2024
£
£
Remuneration for qualifying services
350,000
350,000
8
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
-
0
1,034
9
Interest payable and similar expenses
2025
2024
£
£
Interest on bank overdrafts and loans
-
197
EVERYTHING GLOBAL LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 23 -
10
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
50,274
-
0
Adjustments in respect of prior periods
183,496
(20,116)
Total current tax
233,770
(20,116)
Deferred tax
Origination and reversal of timing differences
90,909
(72,994)
Total tax charge/(credit)
324,679
(93,110)

The actual charge/(credit) for the year can be reconciled to the expected charge/(credit) for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit/(loss) before taxation
866,715
(2,942,264)
Expected tax charge/(credit) based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
216,679
(735,566)
Tax effect of expenses that are not deductible in determining taxable profit
(71,098)
402,364
Tax effect of income not taxable in determining taxable profit
-
0
(5,885)
Adjustments in respect of prior years
183,496
(20,116)
Double tax relief
-
0
268,257
Other permanent differences
-
0
1,614
Fixed asset differences
-
0
63
Deferred tax not recognised
(4,398)
(3,841)
Taxation charge/(credit)
324,679
(93,110)
11
Impairments

Impairment tests have been carried out where appropriate and the following impairment losses have been recognised in profit or loss:

2025
2024
Notes
£
£
In respect of:
Goodwill
12
-
1,355,521
Recognised in:
Administrative expenses
-
1,355,521
EVERYTHING GLOBAL LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
11
Impairments
(Continued)
- 24 -

The impairment losses in respect of financial assets are recognised in other gains and losses in the profit and loss account.

The company has reversed the impairment on the subsidiary previously entered into the financial statements in the prior year and have determined the valuation of the subsidiary to be £2,102,892. Within the prior year the company charged an impairment of £2,102,892 in respect of investments in subsidiaries.

12
Intangible fixed assets
Group
Goodwill
Computer software
Total
£
£
£
Cost
At 1 April 2024
1,355,521
394,550
1,750,071
Disposals
-
0
(754)
(754)
At 31 March 2025
1,355,521
393,796
1,749,317
Amortisation and impairment
At 1 April 2024
1,355,521
121,990
1,477,511
Amortisation charged for the year
-
0
54,876
54,876
At 31 March 2025
1,355,521
176,866
1,532,387
Carrying amount
At 31 March 2025
-
0
216,930
216,930
At 31 March 2024
-
0
272,560
272,560
The company had no intangible fixed assets at 31 March 2025 or 31 March 2024.

More information on impairment movements in the year is given in note 10.

EVERYTHING GLOBAL LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 25 -
13
Tangible fixed assets
Group
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 April 2024
3,673
254,454
175,479
433,606
Disposals
-
0
(298)
(118)
(416)
At 31 March 2025
3,673
254,156
175,361
433,190
Depreciation and impairment
At 1 April 2024
2,311
159,428
154,469
316,208
Depreciation charged in the year
272
21,570
6,581
28,423
At 31 March 2025
2,583
180,998
161,050
344,631
Carrying amount
At 31 March 2025
1,090
73,158
14,311
88,559
At 31 March 2024
1,362
95,026
21,010
117,398
The company had no tangible fixed assets at 31 March 2025 or 31 March 2024.
14
Fixed asset investments
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Investments in subsidiaries
15
-
0
-
0
2,102,892
800
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 April 2024
800
Reversal of impairment
2,102,092
At 31 March 2025
2,102,892
Carrying amount
At 31 March 2025
2,102,892
At 31 March 2024
800
15
Subsidiaries

Details of the company's subsidiaries at 31 March 2025 are as follows:

EVERYTHING GLOBAL LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
15
Subsidiaries
(Continued)
- 26 -
Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Everything Branded Limited
Peat House Floor 1 & 2,
1 Waterloo Way,
Leicester, England,
LE1 6LP
Ordinary
100.00
Everything Branded USA Ltd
Peat House Floor 1 & 2,
1 Waterloo Way,
Leicester, England,
LE1 6LP
Ordinary
100.00
Everything Branded Pty Ltd
Level 1, 8 Beulah Rd,
Norwood SA, 5067,
Australia
Ordinary
100.00
Everything Branded Promotional Inc.
319 W Hastings St, Unit
#400, Vancouver, BC,
V6B 1H6, Canada
Ordinary
100.00
Your Products Branded Ltd
1 Waterloo Way, Leicester, England, LE1 6LP
Ordinary
100.00
UK Print Warehouse Ltd
1 Waterloo Way, Leicester, England, LE1 6LP
Ordinary
100.00
Everything Branded Inc
1 Waterloo Way, Leicester, England, LE1 6LP
Ordinary
100.00
Everything Branded USA Inc
1 Waterloo Way, Leicester, England, LE1 6LP
Ordinary
100.00
16
Stocks
Group
Company
2025
2024
2025
2024
£
£
£
£
Finished goods and goods for resale
16,035
44,020
-
0
-
0
17
Debtors
Group
Company
2025
2024
2025
2024
Amounts falling due within one year:
£
£
£
£
Trade debtors
483,260
759,002
-
0
-
0
Corporation tax recoverable
65,163
65,163
65,163
65,163
Other debtors
2,394,313
2,366,701
628,536
628,536
Prepayments and accrued income
833,703
1,198,977
-
0
-
0
3,776,439
4,389,843
693,699
693,699
Deferred tax asset (note 21)
-
0
41,546
-
0
-
0
3,776,439
4,431,389
693,699
693,699

Included in trade debtors are amounts totalling £254,176 (202 4: £239,028) that are subject to an invoice discounting agreement. These assets have not been derecognised from the balance sheet because the Group remains ultimately responsible for any unpaid balance, so the directors consider significant risks to have been retained.

EVERYTHING GLOBAL LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 27 -
18
Creditors: amounts falling due within one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans and overdrafts
20
19,588
97,923
-
0
-
0
Trade creditors
5,194,796
6,012,659
-
0
-
0
Amounts owed to group undertakings
-
0
-
0
2,677,571
2,677,571
Corporation tax payable
307,178
237,557
65,163
65,163
Other taxation and social security
218,836
677,514
-
-
Deferred income
1,299,727
-
0
-
0
-
0
Other creditors
742,669
2,317,103
-
0
-
0
Accruals and deferred income
716,675
570,957
13,400
13,400
8,499,469
9,913,713
2,756,134
2,756,134

Other creditors include an amount of £225,813 (202 4: £175,430) which relate to amounts advanced under invoice discounting. The balance is secured against the trading debts for which the company has received monies in advance of trading debt settlement. Floating charges are held on Tangible fixed assets by Bibby Financial Services Limited for financial facilities provided.

19
Creditors: amounts falling due after more than one year
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans and overdrafts
20
1,246
11,553
-
0
-
0
20
Loans and overdrafts
Group
Company
2025
2024
2025
2024
£
£
£
£
Bank loans
20,834
52,755
-
0
-
0
Bank overdrafts
-
0
56,721
-
0
-
0
20,834
109,476
-
-
Payable within one year
19,588
97,923
-
0
-
0
Payable after one year
1,246
11,553
-
0
-
0

The bank loans are secured by a fixed and floating charge over the Group's assets, by a limited guarantee given by one of the directors, and a limited guarantee given by the Government under the CBIL scheme.

EVERYTHING GLOBAL LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 28 -
21
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:

Liabilities
Liabilities
Assets
Assets
2025
2024
2025
2024
Group
£
£
£
£
Accelerated capital allowances
-
-
-
(18,696)
Tax losses
-
-
-
29,820
Other short term
49,976
-
-
30,422
49,976
-
-
41,546
The company has no deferred tax assets or liabilities.
Group
Company
2025
2025
Movements in the year:
£
£
Asset at 1 April 2024
(41,546)
-
Charge to profit or loss
91,522
-
Liability at 31 March 2025
49,976
-
22
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
54,257
63,937

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

23
Share capital
Group and company
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
310
310
310
310
EVERYTHING GLOBAL LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 29 -
24
Operating lease commitments
Lessee

At the reporting end date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Group
Company
2025
2024
2025
2024
£
£
£
£
Within one year
27,500
28,958
-
-
Between two and five years
63,514
91,014
-
-
91,014
119,972
-
-
25
Related party transactions
Transactions with related parties

During the year the group entered into the following transactions with related parties:

Purchases
Purchases
2025
2024
£
£
Group
Other related parties
-
49,248
Advances
Repayments
2025
2024
2025
2024
£
£
£
£
Group
Key management personnel
-
187,135
-
42,583

The following amounts were outstanding at the reporting end date:

Amounts due from related parties
2025
2024
Balance
Balance
£
£
Group
Key management personnel
612,421
1,887,208
Other information

The above loans carry interest at 0% and are repayable within the next 12 months.

26
Prior period adjustment
Adjustments to equity - group
The prior period adjustments do not give rise to any effect upon equity.
EVERYTHING GLOBAL LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
26
Prior period adjustment
(Continued)
- 30 -
Adjustments to equity - company
The prior period adjustments do not give rise to any effect upon equity.
Notes to reconciliation
Restatement of Comparative Information - Statement of Cash Flows

During the current financial year, the company reviewed the presentation of its Statement of Cash Flows and determined that a change in classification of certain cash flows would result in more reliable and relevant information to the users of the financial statements.

This change in presentation does not affect overall cash position of the company and has been made to enhance the clarity and comparability of the financial statements.

Restatement of Foreign Currency Translation Reserve

During the current financial year, management identified that the foreign currency translation reserve arising from the consolidation of foreign subsidiaries had not been separately recognised in the prior period consolidated financial statements. Management have decided that separate recognition of this reserve would result in more reliable and relevant information to the users of the financial statements.

The change in presentation does not effect total comprehensive income for either the year ended 31 March 2023, nor for the year ended 31 March 2024 and also does not impact on total equity for either year. The loss for the year ending 31 March 2023 has been increased by £209,009 whilst other comprehensive income has been recognised of £209,009. Similarly the loss for the year ending 31 March 2023 has been increased by £142,326 whilst other comprehensive income has been recognised of £142,326.

27
Controlling party

The ultimate control of the business is held jointly by Jennifer Rowlett and Paul Rowlett.

EVERYTHING GLOBAL LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 31 -
28
Cash (absorbed by)/generated from group operations
2025
2024
£
£
Profit/(loss) for the year after tax
542,036
(2,849,154)
Adjustments for:
Taxation charged/(credited)
324,679
(93,110)
Finance costs
-
0
197
Investment income
-
0
(1,034)
(Gain)/loss on disposal of tangible fixed assets
-
560,541
Amortisation and impairment of intangible assets
54,876
1,398,604
Depreciation and impairment of tangible fixed assets
28,423
38,286
Foreign exchange (loss)/gain on activities
(206,063)
116,804
Other movements on acquistion of group entity
-
(2,102,092)
Movements in working capital:
Decrease in stocks
27,985
5,440
Decrease in debtors
613,404
1,270,361
(Decrease)/increase in creditors
(1,103,878)
1,174,168
(Decrease)/increase in deferred income
(481,816)
782,000
Cash (absorbed by)/generated from operations
(200,354)
301,011
29
Analysis of changes in net funds - group
1 April 2024
Cash flows
Exchange rate movements
31 March 2025
£
£
£
£
Cash at bank and in hand
515,253
(65,135)
(118,885)
331,233
Bank overdrafts
(56,721)
56,721
-
-
0
458,532
(8,414)
(118,885)
331,233
Borrowings excluding overdrafts
(52,755)
31,921
-
(20,834)
405,777
23,507
(118,885)
310,399
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