Company No: 10643449 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
				Restated - note 2
Fixed assets
Intangible assets	4	56,235		56,096
Tangible assets	5	75,492		93,109
Investments	6	419		519
		132,146		149,724
Current assets
Stocks		1,646		0
Debtors	7	444,339		295,543
Cash at bank and in hand		41,546		274,971
		487,531		570,514
Creditors: amounts falling due within one year	8	( 426,245)		( 435,136)
Net current assets		61,286		135,378
Total assets less current liabilities		193,432		285,102
Creditors: amounts falling due after more than one year	9	( 174,925)		( 210,696)
Provision for liabilities		( 18,162)		( 17,679)
Net assets		345		56,727
Capital and reserves
Called-up share capital	10	100		100
Profit and loss account		245		56,627
Total shareholder's funds		345		56,727

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Sales Geek Ltd (registered number: 10643449) were approved and authorised for issue by the Board of Directors on 07 January 2026. They were signed on its behalf by:

R G Few Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Sales Geek Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2nd Floor, One Cathedral Square, Blackburn, BB1 1FB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Prior year adjustment

Where the company identifies classification or presentation errors in previously issued financial statements, comparative amounts are restated to ensure consistency with the current year’s presentation. These restatements do not affect the previously reported profit, net assets or equity. As the adjustments relate solely to reclassification of items within the financial statements, no adjustment to opening reserves has been required.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

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. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs	33 % reducing balance
Other intangible assets	10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings	25 % reducing balance
	10 years straight line
Office equipment	33 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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 credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Fixed asset investments

Fixed asset investments in subsidiary undertakings are stated at cost less any accumulated impairment losses. The carrying value of investments is reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Where an impairment is identified, the carrying amount is reduced to the recoverable amount and the impairment loss is recognised in profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Prior year adjustment

During the year, the company identified a prior period misclassification of website development costs, which had previously been presented within tangible fixed assets. In accordance with FRS 102, such costs should have been classified as intangible assets.

The total cost and accumulated amortisation were stated correctly; however, the presentation within the statement of financial position was incorrect. The comparative figures have therefore been restated to reclassify the relevant balances from tangible fixed assets to intangible assets.

This reclassification has no impact on the company’s profit or loss, net assets, or total equity for either the current or prior period.

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	11		11

4. Intangible assets

	Website costs		Other intangible assets		Total
	£		£		£
Cost
At 01 April 2024	49,510		53,068		102,578
Additions	4,250		12,008		16,258
At 31 March 2025	53,760		65,076		118,836
Accumulated amortisation
At 01 April 2024	30,859		15,623		46,482
Charge for the financial year	9,811		6,308		16,119
At 31 March 2025	40,670		21,931		62,601
Net book value
At 31 March 2025	13,090		43,145		56,235
At 31 March 2024	18,651		37,445		56,096

5. Tangible assets

	Fixtures and fittings		Office equipment		Total
	£		£		£
Cost
At 01 April 2024	120,252		21,202		141,454
Additions	0		1,774		1,774
At 31 March 2025	120,252		22,976		143,228
Accumulated depreciation
At 01 April 2024	35,978		12,367		48,345
Charge for the financial year	16,231		3,160		19,391
At 31 March 2025	52,209		15,527		67,736
Net book value
At 31 March 2025	68,043		7,449		75,492
At 31 March 2024	84,274		8,835		93,109

6. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 April 2024	519
Disposals	( 100)
At 31 March 2025	419
Carrying value at 31 March 2025	419
Carrying value at 31 March 2024	519

7. Debtors

	2025		2024
	£		£
Trade debtors	321,006		255,153
Amounts owed by Group undertakings	7,055		0
Amounts owed by directors	45,105		0
Prepayments	70,852		39,780
Other debtors	321		610
	444,339		295,543

8. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	92,188		65,592
Trade creditors	227,773		250,994
Amounts owed to Group undertakings	3,250		3,250
Other loans	47,704		0
Accruals and deferred income	3,775		54,692
Taxation and social security	36,185		43,860
Obligations under finance leases and hire purchase contracts	12,526		11,176
Other creditors	2,844		5,572
	426,245		435,136

9. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	0		178,340
Other loans	154,868		0
Obligations under finance leases and hire purchase contracts	20,057		32,356
	174,925		210,696

There are no amounts included above in respect of which any security has been given by the small entity.

10. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
50 Ordinary A shares of £ 1.00 each	50		50
50 Ordinary B shares of £ 1.00 each	50		50
	100		100

11. Financial commitments

Commitments

	2025		2024
	£		£
Total future minimum lease payments under non-cancellable operating leases	129,716		160,301

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

	2025		2024
	£		£
Unpaid contributions due to the fund (inc. in other creditors)	2,844		2,233

12. Related party transactions

During the year two directors shared a joint directors' loan account. At the beginning of the year, the balance on this account was £286. During the year, withdrawals totalling £81,600 were made. Interest was charged at the official rate 2.25%. At the year end, the balance outstanding on the joint director’s loan account was £30,458

A further director had an individual director’s loan account. The balance brought forward at the start of the year was £50. During the year, withdrawals of £39,996 were made. Interest was charged at the official rate 2.25%. At the year end, the balance outstanding on this director’s loan account was £14,847

All balances were unsecured and repayable on demand.