REGISTERED NUMBER: 03965692 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Busythings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs R C J Hall

Mr A T Hall

SECRETARY:

Mrs R C J Hall

REGISTERED OFFICE:

3 St James Court

Friar Gate

Derby

Derbyshire

DE1 1BT

REGISTERED NUMBER:

03965692 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Tangible assets

4

10,614

9,018

CURRENT ASSETS

Stocks

18,869

4,952

Debtors

5

541,637

478,321

Cash at bank and in hand

116,550

167,551

677,056

650,824

CREDITORS

Amounts falling due within one year

6

377,320

331,344

NET CURRENT ASSETS

299,736

319,480

TOTAL ASSETS LESS CURRENT LIABILITIES

310,350

328,498

CREDITORS

Amounts falling due after more than one year

7

(24,245

)

(27,473

)

PROVISIONS FOR LIABILITIES

(2,653

)

(2,830

)

NET ASSETS

283,452

298,195

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

283,352

298,095

SHAREHOLDERS' FUNDS

283,452

298,195

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 17 December 2025 and were signed on its behalf by:

Mrs R C J Hall - Director

1.	STATUTORY INFORMATION

Busythings Limited 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. Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the company will receive the agreed upon payment. In the case of work in progress it includes relevant costs and overheads plus attributable profit to date of uninvoiced work.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Deferred taxation

Deferred tax is recognised in respect of all material timing differences.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2024

62,375

Additions

5,628

Disposals

(261

)

At 31 March 2025

67,742

DEPRECIATION

At 1 April 2024

53,357

Charge for year

3,970

Eliminated on disposal

(199

)

At 31 March 2025

57,128

NET BOOK VALUE

At 31 March 2025

10,614

At 31 March 2024

9,018

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

45,873

50,667

Amounts owed by group undertakings

481,758

381,758

Other debtors

5,919

10,943

Directors' current accounts

-

29,188

Prepayments

8,087

5,765

541,637

478,321

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

823

3,963

Tax

54,041

51,289

Social security and other taxes

25,947

23,947

Other creditors

821

737

Directors' current accounts

55,959

-

Accruals and deferred income

239,729

251,408

377,320

331,344

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Accruals and deferred income

24,245

27,473

8.	LEASING AGREEMENTS

Minimum lease payments due under non-cancellable operating leases are £25,895 (2024: £25,895).

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 1 April 2024 the directors owed the company £29,188. The balance was repaid in full on 26 April 2024. Interest was charged on the balance due at the official rate for beneficial loan arrangements.

10.	RELATED PARTY DISCLOSURES

The company is controlled by the directors, who are the shareholders of the parent company Busythings (Holdings) Limited.

As at the year end the company was owed £481,758 by Busythings (Holdings) Limited (2024: £381,758). The balance is carried interest free and is repayable on demand.