Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Letterland International Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs E H Wendon

J M Wendon

J P Wendon

T M Wendon

Mrs A C Wendon

SECRETARY:

Mrs E H Wendon

REGISTERED OFFICE:

8/10 South Street

Epsom

Surrey

KT18 7PF

REGISTERED NUMBER:

01540779 (England and Wales)

ACCOUNTANTS:

Williams & Co Epsom LLP

Chartered Accountants

8-10 South Street

Epsom

Surrey

KT18 7PF

FIXED ASSETS

Intangible assets

4

12,000

12,000

Property, plant and equipment

5

29,545

28,472

41,545

40,472

CURRENT ASSETS

Inventories

6

598,239

614,606

Debtors

7

2,788,737

3,192,223

Cash at bank

1,744,546

1,859,167

5,131,522

5,665,996

CREDITORS

Amounts falling due within one year

8

979,611

1,351,089

NET CURRENT ASSETS

4,151,911

4,314,907

TOTAL ASSETS LESS CURRENT LIABILITIES

4,193,456

4,355,379

CAPITAL AND RESERVES

Called up share capital

10

5,000

5,000

Retained earnings

4,188,456

4,350,379

SHAREHOLDERS' FUNDS

4,193,456

4,355,379

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 July 2026 and were signed on its behalf by:

J P Wendon - Director

1.	STATUTORY INFORMATION

Letterland International 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 represents net invoiced sales of goods dispatched in the period, excluding VAT. Where software licences are sold the revenue is allocated equally over the period of the licence.

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.

Intellectual property are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Computer equipment

-

25% on cost

Stocks

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

Taxation

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

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 12 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Intellectual

property

£

COST

At 1 January 2025

and 31 December 2025

12,000

NET BOOK VALUE

At 31 December 2025

12,000

At 31 December 2024

12,000

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2025

11,167

126,915

138,082

Additions

429

13,861

14,290

At 31 December 2025

11,596

140,776

152,372

DEPRECIATION

At 1 January 2025

9,098

100,512

109,610

Charge for year

810

12,407

13,217

At 31 December 2025

9,908

112,919

122,827

NET BOOK VALUE

At 31 December 2025

1,688

27,857

29,545

At 31 December 2024

2,069

26,403

28,472

6.	INVENTORIES

2025

2024

£

£

Stocks

598,239

614,606

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,596,862

2,940,320

Other debtors

-

342

VAT

23,251

38,288

Accrued income

38,607

43,695

Prepayments

130,017

169,578

2,788,737

3,192,223

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

203,008

283,780

Tax

36,893

150,603

Social security and other taxes

19,417

16,546

Other creditors

2,942

2,182

Deferred income

600,312

625,676

Accrued expenses

117,039

272,302

979,611

1,351,089

9.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

45,324

44,004

10.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

£

5,000

Share capital 1

£1

5,000

5,000