REGISTERED NUMBER: 03839130 (England and Wales)

VELVET BUG LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Richard Craig Morgan Sumner

REGISTERED OFFICE:

7 Jacobs Yard

Middle Barton

Chipping Norton

Oxfordshire

OX7 7BY

REGISTERED NUMBER:

03839130 (England and Wales)

ACCOUNTANTS:

Thompson Balch Limited

Chartered Accountants

Sovereign House

15 Towcester Road

Old Stratford

Milton Keynes

MK19 6AN

FIXED ASSETS

Tangible assets

4

15,801

12,514

CURRENT ASSETS

Debtors

5

55,974

53,306

Cash at bank

24,456

19,830

80,430

73,136

CREDITORS

Amounts falling due within one year

6

26,395

23,993

NET CURRENT ASSETS

54,035

49,143

TOTAL ASSETS LESS CURRENT LIABILITIES

69,836

61,657

PROVISIONS FOR LIABILITIES

3,950

2,378

NET ASSETS

65,886

59,279

CAPITAL AND RESERVES

Called up, fully paid share

capital

200

200

Retained earnings

65,686

59,079

SHAREHOLDERS' FUNDS

65,886

59,279

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 28 July 2026 and were signed by:

Mr Richard Craig Morgan Sumner - Director

1.	STATUTORY INFORMATION

Velvet Bug 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.

Tangible fixed assets

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

Freehold property

-

10% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

8,639

32,516

9,966

26,152

77,273

Additions

-

2,959

857

11,387

15,203

At 31 March 2026

8,639

35,475

10,823

37,539

92,476

DEPRECIATION

At 1 April 2025

5,397

30,541

8,995

19,826

64,759

Charge for year

864

1,086

2,477

7,489

11,916

At 31 March 2026

6,261

31,627

11,472

27,315

76,675

NET BOOK VALUE

At 31 March 2026

2,378

3,848

(649

)

10,224

15,801

At 31 March 2025

3,242

1,975

971

6,326

12,514

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

6,418

7,601

Other debtors

49,556

45,705

55,974

53,306

Included within other debtors is an interest free loan of £11,401.37 (2025: £10,721) for GDPR Systems Ltd, an associated company. This loan is repayable on demand.

Included within other debtors is an interest free loan of £1,645 (2025: £1,645) for PBSP Ltd, an associated company. This loan is repayable on demand.

Included within other debtors is an interest free loan of £22,000 (2025: £22,000) for Bumble Bee Bricks LTD, an associated company. This loan is repayable on demand.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

408

1,594

Taxation and social security

20,453

6,988

Other creditors

5,534

15,411

26,395

23,993