REGISTERED NUMBER: 06972894 (England and Wales)

THE INTERNET SHOP LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

12,191

11,570

Tangible assets

5

2,207

2,941

14,398

14,511

CURRENT ASSETS

Stocks

2,400

3,029

Debtors

6

18,918

73,306

Cash at bank and in hand

71,224

57,459

92,542

133,794

CREDITORS

Amounts falling due within one year

7

53,042

91,658

NET CURRENT ASSETS

39,500

42,136

TOTAL ASSETS LESS CURRENT LIABILITIES

53,898

56,647

PROVISIONS FOR LIABILITIES

419

559

NET ASSETS

53,479

56,088

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

53,379

55,988

SHAREHOLDERS' FUNDS

53,479

56,088

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 November 2025 and were signed on its behalf by:

Mr A Lucas - Director

1.	STATUTORY INFORMATION

The Internet Shop Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

06972894

Registered office:

6 Canberra House

Priors Haw Road,

Corby Gate Business Park

Corby

Northamptonshire

NN17 5JG

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.

Going concern

The directors have a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are again prepared on the going concern basis.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover

Turnover is derived from sales of tools and padded safety products and is recognised when the goods are delivered to the customer. Turnover is recorded at the fair value of the consideration received or receivable, and excludes value added tax and rebates.

Tangible fixed assets

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

Improvements to property

-

20% on cost

Fixtures and fittings

-

25% on reducing balance

Intangible fixed assets

Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Website - 10% on cost

Stocks

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

Financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

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.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Website

£

COST

At 1 August 2024

93,607

Additions

9,865

At 31 July 2025

103,472

AMORTISATION

At 1 August 2024

82,037

Amortisation for year

9,244

At 31 July 2025

91,281

NET BOOK VALUE

At 31 July 2025

12,191

At 31 July 2024

11,570

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

property

fittings

Totals

£

£

£

COST

At 1 August 2024

and 31 July 2025

10,316

26,573

36,889

DEPRECIATION

At 1 August 2024

10,316

23,632

33,948

Charge for year

-

734

734

At 31 July 2025

10,316

24,366

34,682

NET BOOK VALUE

At 31 July 2025

-

2,207

2,207

At 31 July 2024

-

2,941

2,941

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

15,793

12,999

Other debtors

3,125

60,307

18,918

73,306

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Payments on account

14,836

27,465

Trade creditors

16,245

49,192

Taxation and social security

5,391

11,676

Other creditors

16,570

3,325

53,042

91,658

8.	RELATED PARTY DISCLOSURES

Bappco Limited

A company under the control of Mr A Lucas and Mrs A Lucas.

Amount owed to the related party at the balance sheet date: £13,173 (2024: £56,227 due from).

No interest is payable on the loan and there are no agreed repayment terms.