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REGISTERED NUMBER: 05221840 (England and Wales)

Strategic Report, Report of the Director and

Financial Statements for the Year Ended 31 December 2024

for

Easylife Limited

Easylife Limited (Registered number: 05221840)

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

Company Information | 1 |

Strategic Report | 2 |

Report of the Director | 4 |

Report of the Independent Auditors | 6 |

Income Statement | 10 |

Other Comprehensive Income | 11 |

Balance Sheet | 12 |

Statement of Changes in Equity | 13 |

Cash Flow Statement | 14 |

Notes to the Cash Flow Statement | 15 |

Notes to the Financial Statements | 16 |

Easylife Limited

Company Information

for the Year Ended 31 December 2024

| DIRECTOR: | G G Caplan

| REGISTERED OFFICE: | 26 Station Road

| New Barnet

| Hertfordshire

| EN5 1QW

| REGISTERED NUMBER: | 05221840 (England and Wales)

| AUDITORS: | Christopher Michael Limited

| Chartered Certified Accountants &

| Statutory Auditors

| 26 Station Road

| New Barnet

| Herts

| EN5 1QW

Easylife Limited (Registered number: 05221840)

Strategic Report

for the Year Ended 31 December 2024

The director presents his strategic report for the year ended 31 December 2024.

REVIEW OF BUSINESS

The UK economic outlook and consumer confidence has deteriorated as a result of various factors such as the rising costs of living, the war in Ukraine, and the impact of Brexit. These factors have contributed to the fall in turnover from last year which in turn has been reflected in a fall in profitability.

Increased investment in media activity and streamlining of our costs will generate growth into 2026.

PRINCIPAL RISKS AND UNCERTAINTIES

Risks are accepted as part of the company's business. The director and key employees review the company's risks regularly, and take actions to monitor and mitigate them.

The company's main financial risk is in the exposure to foreign currency fluctuations on the imports of goods from overseas suppliers.

The company also has market risks as it trades in a highly competitive online platform environment. To mitigate this risk the company regularly monitors market prices.

The company is fastidious about quality control and carries out regular reviews and tests on their products. Product safety is of a paramount importance to the company's business ethos.

The company has liquidity and interest rate risks on all its overdraft facilities.

Political & Economic Environment

Global economic volatility may remain high due to the ongoing impact of Brexit and the cost of living crisis, with clear geopolitical uncertainties relating to the pandemic response and recovery. Brexit continues to drive uncertainty and has the potential to impact core business activities including logistics and workforce management.

Brexit could create potential risks, including foreign exchange movements, adverse impacts from changes in import taxes/tariffs and consumer confidence.

Consumer confidence continues to fall as a result of the rising cost of living driven by energy and fuel prices, as well as inflation which has risen to 30-year high. The war in Ukraine has led to significant deterioration in the global economic outlook and the Company will continue to monitor key macroeconomic indicators and geopolitical uncertainties including but not limited to those regarding the war, Brexit and the cost of living crisis.

Supply chain disruption

A material interruption to the product supply chain could reduce the level of retail trading. Management mitigates this risk by reviewing supplier performance regularly.

KEY PERFORMANCE INDICATORS

Turnover in 2024 shows an decrease by 8.5% from £23.96m in 2023 to £21.902m.

Gross profit percentages shows a decrease from 8.82% in 2023 to 5.93% for 2024

Pre tax results shows an increase in loss from a loss of 0.213M for 2023 to a loss of £1.27M for 2024.

Easylife Limited (Registered number: 05221840)

Strategic Report

for the Year Ended 31 December 2024

FUTURE DEVELOPMENTS

Trading in the current economic environment continues to be challenging with strong competition from both high street and online retailers, and in terms of disruption and increased costs as a result of the UK's departure from the EU and the war in Ukraine.

There are been a significant amount of new investment in the company in the post year end period.

As a result of these changes the company is now controlled by the DRMG Ltd group of companies and the new management are implementing new efficiencies and streamlining of the business. We are confident that the company will become more profitable as a result of these new strategies.

We believe through our strong management team and systems in place we will grow the business by continuing to provide ethical products and services to our customers.

ON BEHALF OF THE BOARD:

G G Caplan - Director

29 December 2025

Easylife Limited (Registered number: 05221840)

Report of the Director

for the Year Ended 31 December 2024

The director presents his report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of an importer, distributor and wholesaler of general mail order merchandise, and publisher of mail order catalogues.

DIVIDENDS

No dividends will be distributed for the year ended 31 December 2024.

FUTURE DEVELOPMENTS

The financial management objectives and future developments of the business are detailed in the strategic report.

DIRECTOR

G G Caplan held office during the whole of the period from 1 January 2024 to 30th December 2025..

G G Caplan resigned as a Director on 30th December 2025.

C E Chrysosostomou was appointed as a Director of the company on 30th December 2025.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

- | select suitable accounting policies and then apply them consistently;

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

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

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

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Easylife Limited (Registered number: 05221840)

Report of the Director

for the Year Ended 31 December 2024

AUDITORS

The auditors, Christopher Michael Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

G G Caplan - Director

29 December 2025

Report of the Independent Auditors to the Members of

Easylife Limited

Opinion

We have audited the financial statements of Easylife Limited (the 'company') for the year ended 31 December 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of 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 company's affairs as at 31 December 2024 and of its loss 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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the 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 director's 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 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

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.

In connection with our audit of the financial statements, 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 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 the audit:

- | the information given in the Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of

Easylife Limited

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Director.

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

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

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

- | certain disclosures of director's remuneration specified by law are not made; or

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

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page four, the director is 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 director determines 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 director is responsible for assessing the 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 director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Report of the Independent Auditors to the Members of

Easylife Limited

Auditors' 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 a Report of the Auditors 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

To identify risks of material misstatement due to fraud ("fraud risks") we assessed events or conditions that indicate an incentive or pressure to commit fraud or provide the opportunity to commit fraud.

Our risk assessment procedures included:

- Enquiring with directors and inspection of policy documentation as to Easylife Limited's policies and procedures to prevent fraud and detect fraud that apply to this company as well as enquiring whether the directors have knowledge of any actual , suspected or alleged fraud;

- Reading the board minutes; and

- Using analytical procedures to identify unusual or unexpected relationships

We communicated identified fraud risks throughout the audit team and remained alert to any indications of fraud throughout the audit.

As required by auditing standards, and taking into account possible pressures to meet profit targets, we perform procedures to address the risk of management override of controls and the risk of fraudulent revenue recognition, including: the risk that revenue is recorded in the wrong period and the risk that management may be in a position to make inappropriate accounting entries.

We did not identify any additional fraud risks.

In determining the audit procedures, we have taken into account the results of our evaluation and testing of the operating effectiveness of some of the Company wide fraud risk management controls and we performed procedures including:

- Identifying journal entries and other adjustments to test based on risk criteria and comparing the identified entries to supporting documentation. These included posted to unusual accounts involving revenue and cash.

- For a sample of revenue transactions around the period end, vouching to supporting external documentation to corroborate whether those items were recorded in the correct accounting period.

-identifying and responding to risks of material misstatement due to non-compliance with laws and regulations

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience and through discussion with the directors (as required by auditing standards) and discussed with the directors the policies and procedures regarding compliance with laws and regulations.

Firstly, the company is subject to laws and regulations that directly affect the financial statements including financial reporting legislation (including related companies legislation), distributable profits legislation and taxation legislation and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.

Report of the Independent Auditors to the Members of

Easylife Limited

Secondly, the company is subject to many other laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation. We identified the following areas as those most likely to have such an effect: health and safety, anti-bribery, general data protection, employment law, and certain aspects of company legislation, recognising the nature of the company's activities. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the directors inspection of regulatory and legal correspondence, if any. Therefore, if a breach of operational regulations is not disclosed to us or evident from relevant correspondence, an audit will not detect that breach.

Context of the ability of the audit to detect fraud or breaches of law or regulation

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it.

In addition, as with any audit, there remained a higher risk of non-detection of fraud, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. Our audit procedures are designed to detect material misstatement. We are not responsible for preventing non-compliance or fraud and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

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 a Report of the Auditors 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.

Michalis Michael (Senior Statutory Auditor)

for and on behalf of Christopher Michael Limited

Chartered Certified Accountants &

Statutory Auditors

26 Station Road

New Barnet

Herts

EN5 1QW

29 December 2025

Easylife Limited (Registered number: 05221840)

Income Statement

for the Year Ended 31 December 2024

| 31.12.24 |  | 31.12.23

| Notes | £ | £ |

TURNOVER | 3 | 21,902,205 |  | 23,956,346 |  |

Cost of sales | 20,826,067 |  | 21,842,359 |  |

GROSS PROFIT | 1,076,138 |  | 2,113,987 |  |

Administrative expenses | 2,374,915 |  | 2,070,698 |  |

OPERATING (LOSS)/PROFIT | 5 | (1,298,777 | ) | 43,289 |  |

Interest receivable and similar income | 10,262 |  | 2,909 |  |

(1,288,515 | ) | 46,198 |  |

Interest payable and similar expenses | 6 | 505 |  | 5,936 |  |

(LOSS)/PROFIT BEFORE TAXATION | (1,289,020 | ) | 40,262 |  |

Tax on (loss)/profit | 7 | (17,996 | ) | 253,372 |  |

LOSS FOR THE FINANCIAL YEAR | (1,271,024 | ) | (213,110 | ) |

Easylife Limited (Registered number: 05221840)

Other Comprehensive Income

for the Year Ended 31 December 2024

| 31.12.24 |  | 31.12.23

| Notes | £ | £ |

LOSS FOR THE YEAR | (1,271,024 | ) | (213,110 | ) |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | (1,271,024 | ) | (213,110 | ) |

Easylife Limited (Registered number: 05221840)

Balance Sheet

31 December 2024

| 31.12.24 | 31.12.23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 8 | - |  | - |  |

Tangible assets | 9 | 257,328 |  | 350,232 |  |

Investments | 10 | 28 |  | 28 |  |

257,356 |  | 350,260 |  |

CURRENT ASSETS

Stocks | 11 | 3,705,274 |  | 2,933,940 |  |

Debtors | 12 | 607,187 |  | 961,984 |  |

Cash at bank and in hand | 352,930 |  | 420,024 |  |

4,665,391 |  | 4,315,948 |  |

CREDITORS

Amounts falling due within one year | 13 | 3,027,652 |  | 2,972,980 |  |

NET CURRENT ASSETS | 1,637,739 |  | 1,342,968 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,895,095 |  | 1,693,228 |  |

CREDITORS

Amounts falling due after more than one year | 14 | (1,490,887 | ) | - |  |

PROVISIONS FOR LIABILITIES | 16 | (25,247 | ) | (43,243 | ) |

NET ASSETS | 378,961 |  | 1,649,985 |  |

CAPITAL AND RESERVES

Called up share capital | 17 | 1 |  | 1 |  |

Retained earnings | 18 | 378,960 |  | 1,649,984 |  |

SHAREHOLDERS' FUNDS | 378,961 |  | 1,649,985 |  |

The financial statements were approved by the director and authorised for issue on 29 December 2025 and were signed by:

G G Caplan - Director

Easylife Limited (Registered number: 05221840)

Statement of Changes in Equity

for the Year Ended 31 December 2024

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 January 2023 | 1 |  | 1,863,094 |  | 1,863,095 |  |

Changes in equity

Total comprehensive income | - |  | (213,110 | ) | (213,110 | ) |

Balance at 31 December 2023 | 1 |  | 1,649,984 |  | 1,649,985 |  |

Changes in equity

Total comprehensive income | - |  | (1,271,024 | ) | (1,271,024 | ) |

Balance at 31 December 2024 | 1 |  | 378,960 |  | 378,961 |  |

Easylife Limited (Registered number: 05221840)

Cash Flow Statement

for the Year Ended 31 December 2024

| 31.12.24 |  | 31.12.23

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | (52,178 | ) | 334,771 |  |

Interest paid | (505 | ) | (5,936 | ) |

Tax paid | (13,710 | ) | (3,454 | ) |

Net cash from operating activities | (66,393 | ) | 325,381 |  |

Cash flows from investing activities

Purchase of tangible fixed assets | (10,963 | ) | (323,745 | ) |

Purchase of fixed asset investments | - |  | (28 | ) |

Interest received | 10,262 |  | 2,909 |  |

Net cash from investing activities | (701 | ) | (320,864 | ) |

(Decrease)/increase in cash and cash equivalents | (67,094 | ) | 4,517 |  |

Cash and cash equivalents at beginning of year | 2 | 420,024 |  | 415,507 |  |

Cash and cash equivalents at end of year | 2 | 352,930 |  | 420,024 |  |

Easylife Limited (Registered number: 05221840)

Notes to the Cash Flow Statement

for the Year Ended 31 December 2024

1. | RECONCILIATION OF (LOSS)/PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| 31.12.24 |  | 31.12.23

£ | £ |

| (Loss)/profit before taxation | (1,289,020 | ) | 40,262 |  |

| Depreciation charges | 103,868 |  | 57,517 |  |

| Intercompany | 164,591 |  | 1 |  |

| Finance costs | 505 |  | 5,936 |  |

| Finance income | (10,262 | ) | (2,909 | ) |

(1,030,318 | ) | 100,807 |  |

| Increase in stocks | (771,334 | ) | (337,202 | ) |

| Decrease in trade and other debtors | 201,341 |  | 1,051,124 |  |

| Increase/(decrease) in trade and other creditors | 1,548,133 |  | (479,958 | ) |

| Cash generated from operations | (52,178 | ) | 334,771 |  |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Year ended 31 December 2024

| 31.12.24 |  | 1.1.24

£ | £ |

| Cash and cash equivalents | 352,930 |  | 420,024 |  |

| Year ended 31 December 2023

| 31.12.23 |  | 1.1.23

£ | £ |

| Cash and cash equivalents | 420,024 |  | 415,507 |  |

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1.1.24 | Cash flow | At 31.12.24

£ | £ | £ |

| Net cash |

| Cash at bank and in hand | 420,024 |  | (67,094 | ) | 352,930 |  |

420,024 |  | (67,094 | ) | 352,930 |  |

| Total | 420,024 |  | (67,094 | ) | 352,930 |  |

Easylife Limited (Registered number: 05221840)

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Easylife 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.

| 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Revenue recognition

| Sale of Goods

| Turnover is recognised on goods dispatched, excluding discounts, rebates , returns, value added tax and other sales taxes.

| Services rendered

| Turnover is measured at a fair value of the consideration received or receivable and represents the amounts receivable for the services rendered, stated net of discounts and value added tax.

| When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the services transaction at the end of the reporting period.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Tangible fixed assets

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

| Short leasehold | - | in accordance with the property

| Fixtures and fittings | - | 25% on cost

| Computer equipment | - | 25% on cost

| Investments in associates

| Investments in associate undertakings are recognised at cost.

| Stocks

| Stocks are measured at the lower of costs and estimated selling price less costs to complete and sell. Costs includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Easylife Limited (Registered number: 05221840)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has elected to apply the provisions of section 11 "Basic Financial Instruments" of FRS 102.

| A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

| Basic financial assets and liabilities are initially measured at transactional costs and are subsequently carried at amortised cost.

| If any such assets or liabilities are receivable within one year they are not amortised.

| Taxation

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

| Foreign currencies

| Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate at the reporting date, with any gains or losses being taken to the profit and loss account.

| Hire purchase and 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.

| Cash and cash equivalents

| Cash and cash equivalents comprise of cash balances and call deposits.

| Impairment of fixed assets

| A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exists. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Easylife Limited (Registered number: 05221840)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Judgements and key sources of estimation uncertainty

| The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. One such judgment relates to the valuation and recoverable amount with respect to stock valuation. Assumptions about future market trends and demand have been made.

3. | TURNOVER

| The turnover and loss (2023 - profit) before taxation are attributable to the one principal activity of the company.

| An analysis of turnover by class of business is given below:

| 31.12.24 |  | 31.12.23

£ | £ |

| Sale of goods | 20,968,876 |  | 22,920,965 |  |

| Rendering of Services | 933,329 |  | 1,035,381 |  |

21,902,205 |  | 23,956,346 |  |

| An analysis of turnover by geographical market is given below:

| 31.12.24 |  | 31.12.23

£ | £ |

| United Kingdom | 21,902,205 |  | 23,956,346 |  |

21,902,205 |  | 23,956,346 |  |

4. | EMPLOYEES AND DIRECTORS

| 31.12.24 |  | 31.12.23

£ | £ |

| Wages and salaries | 1,632,217 |  | 1,667,794 |  |

| Social security costs | 165,967 |  | 133,921 |  |

| Other pension costs | - |  | 65,755 |  |

1,798,184 |  | 1,867,470 |  |

| The average number of employees during the year was as follows:

| 31.12.24 |  | 31.12.23

| Management and administration | 4 |  | 4 |  |

| Sales, Marketing and operations | 49 |  | 51 |  |

| Customer services | 3 |  | 2 |  |

56 |  | 57 |  |

Easylife Limited (Registered number: 05221840)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

4. | EMPLOYEES AND DIRECTORS - continued

| 31.12.24 |  | 31.12.23

£ | £ |

| Director's remuneration | 30,000 |  | 30,000 |  |

5. | OPERATING (LOSS)/PROFIT

| The operating loss (2023 - operating profit) is stated after charging/(crediting):

| 31.12.24 |  | 31.12.23

£ | £ |

| Other operating leases | 494,889 |  | 270,056 |  |

| Depreciation - owned assets | 103,867 |  | 57,518 |  |

| Foreign exchange differences | (42,827 | ) | 5,315 |  |

6. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 31.12.24 |  | 31.12.23

£ | £ |

| Bank interest | 505 |  | 3,323 |  |

| Other interest payable | - |  | 2,613 |  |

505 |  | 5,936 |  |

7. | TAXATION

| Analysis of the tax (credit)/charge

| The tax (credit)/charge on the loss for the year was as follows:

| 31.12.24 |  | 31.12.23

£ | £ |

| Current tax:

| Overprovision tax Prior years | - |  | 222,368 |  |

| Deferred tax | (17,996 | ) | 31,004 |  |

| Tax on (loss)/profit | (17,996 | ) | 253,372 |  |

Easylife Limited (Registered number: 05221840)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

7. | TAXATION - continued

| Reconciliation of total tax (credit)/charge included in profit and loss

| The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

| 31.12.24 |  | 31.12.23

£ | £ |

| (Loss)/profit before tax | (1,289,020 | ) | 40,262 |  |

| (Loss)/profit multiplied by the standard rate of corporation tax in the UK of 0% (2023 - 0%) | - |  | - |  |

| Effects of:

| deferred tax | (17,996 | ) | 31,004 |  |

| overprovision/(underprovision) | - |  | 222,368 |  |

| Total tax (credit)/charge | (17,996 | ) | 253,372 |  |

8. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 400,000 |  |

| AMORTISATION

| At 1 January 2024

| and 31 December 2024 | 400,000 |  |

| NET BOOK VALUE

| At 31 December 2024 | - |  |

| At 31 December 2023 | - |  |

Easylife Limited (Registered number: 05221840)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

9. | TANGIBLE FIXED ASSETS

| Fixtures |

| Short |  | and |  | Computer |

| leasehold |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 January 2024 | 366,911 |  | 454,578 |  | 357,906 |  | 1,179,395 |  |

| Additions | - |  | 10,963 |  | - |  | 10,963 |  |

| At 31 December 2024 | 366,911 |  | 465,541 |  | 357,906 |  | 1,190,358 |  |

| DEPRECIATION

| At 1 January 2024 | 248,203 |  | 237,071 |  | 343,889 |  | 829,163 |  |

| Charge for year | 26,016 |  | 65,612 |  | 12,239 |  | 103,867 |  |

| At 31 December 2024 | 274,219 |  | 302,683 |  | 356,128 |  | 933,030 |  |

| NET BOOK VALUE

| At 31 December 2024 | 92,692 |  | 162,858 |  | 1,778 |  | 257,328 |  |

| At 31 December 2023 | 118,708 |  | 217,507 |  | 14,017 |  | 350,232 |  |

10. | FIXED ASSET INVESTMENTS

| Interest

| in

| associate

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 28 |  |

| NET BOOK VALUE

| At 31 December 2024 | 28 |  |

| At 31 December 2023 | 28 |  |

| The company's investments at the Balance Sheet date in the share capital of companies include the following:

| Associated company

| Easylife Australia PTY LTD

| Registered office: Suite 126, 117 Old Pittwater Road, Brookvale, NSW 2100, Australia

| Nature of business: mail order merchandise

| %

| Class of shares: | holding |

| Ordinary | 50.00 |

| 30.6.24 |  | 30.6.23

£ | £ |

| Aggregate capital and reserves | 154,179 |  | 99,317 |  |

| Profit for the year | 54,027 |  | 6,312 |  |

Easylife Limited (Registered number: 05221840)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

11. | STOCKS

| 31.12.24 |  | 31.12.23

£ | £ |

| Stocks | 3,705,274 |  | 2,933,940 |  |

12. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Trade debtors | 280,237 |  | 384,186 |  |

| Amounts owed by group undertakings | 10,000 |  | 163,456 |  |

| Other debtors | 50,334 |  | 15,000 |  |

| Prepayments and accrued income | 266,616 |  | 399,342 |  |

607,187 |  | 961,984 |  |

13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Trade creditors | 2,505,038 |  | 2,642,338 |  |

| Amounts owed to group undertakings | 11,136 |  | - |  |

| Tax | (16,856 | ) | (3,146 | ) |

| Social security and other taxes | 298,658 |  | 209,183 |  |

| Other creditors | 6,808 |  | 10,848 |  |

| Credit Card | 23,238 |  | 12,974 |  |

| Accrued expenses | 199,630 |  | 100,783 |  |

3,027,652 |  | 2,972,980 |  |

14. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Trade creditors | 1,490,887 |  | - |  |

15. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

| 31.12.24 |  | 31.12.23

£ | £ |

| Within one year | 408,004 |  | 408,004 |  |

| Between one and five years | 1,589,510 |  | 1,619,514 |  |

| In more than five years | 1,134,000 |  | 1,512,000 |  |

3,131,514 |  | 3,539,518 |  |

Easylife Limited (Registered number: 05221840)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

16. | PROVISIONS FOR LIABILITIES

| 31.12.24 |  | 31.12.23

£ | £ |

| Deferred tax | 25,247 |  | 43,243 |  |

| Deferred |

| tax |

£ |

| Balance at 1 January 2024 | 43,243 |  |

| Deferred tax | (17,996 | ) |

| Balance at 31 December 2024 | 25,247 |  |

17. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.12.24 |  | 31.12.23

| value: | £ | £ |

| 1 | Ordinary | 1 | 1 |  | 1 |  |

18. | RESERVES

| Retained

| earnings

£ |

| At 1 January 2024 | 1,649,984 |  |

| Deficit for the year | (1,271,024 | ) |

| At 31 December 2024 | 378,960 |  |

19. | ULTIMATE PARENT COMPANY

| Easylife Group Limited Employee Benefit Trust is regarded by the director as being the company's ultimate parent company.

| The consolidated accounts of Easylife Holdings Limited can be obtained from 26 Station Road, New Barnet, Herts, EN5 1QW.

20. | RELATED PARTY DISCLOSURES

| The company occupies premises owned by the director, G Caplan, and rent was paid in the sum of £72,000, (2023: £72,000). The rent is considered to be at market rent.

| As at the 31 December 2024 a balance of £225,447 (2023: £227,658), was owed by Easylife Australia PTY Limited a company incorporated in Australia. Easylife Limited (as of 4th August 2023), owns 50% of the share capital of the company.

| As at 31 December 2024 an amount of £50,334, (2023: £15,000), was owed to the company by KTerrace Limited, a company controlled by the director.

Easylife Limited (Registered number: 05221840)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

21. | POST BALANCE SHEET EVENTS

| During the post year end period Easylife Limited sold its ordinary share holding and preference shareholding to Easylife Holding Limited for £186,186.

| During the post year end period Easylife Limited allotted 300 ordinary shares in the company to Direct Response Fulfilment Limited for £1,500,000.

| The ultimate control of the company will be the Direct response Marketing Group of companies, which is ultimately controlled by C E Chrysostomou.

22. | GOING CONCERN

| Although the company has sustained losses in both years there has been a significant amount of investment in the post year end period. As a result of these changes the company is now controlled by the DRMG Ltd group of companies and the new management are implementing new efficiencies and streamlining of the business. The directors are confident that the company will become more profitable as a result of these new strategies.

| The directors have assess whether the use of going concern is appropriate, that is whether there are any material uncertainties that may cast doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of 12 months from the approval of the financial statements.

| The director is satisfied that at the date of approval of the financial statements, the company has sufficient resources to continue as a going concern and there are no material uncertainties casting doubt on the ability of the company to continue as a going concern.