REGISTERED NUMBER: 08736896 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2025

for

As Good As New BE Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs P A Mills

R J Mills

REGISTERED OFFICE:

7 Merlin Courtyard

Gatehouse Close

Aylesbury

Buckinghamshire

HP19 8DP

REGISTERED NUMBER:

08736896 (England and Wales)

ACCOUNTANTS:

Danton Partners

7 Merlin Courtyard

Gatehouse Close

Aylesbury

Buckinghamshire

HP19 8DP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

5,160

6,880

5,160

6,880

CURRENT ASSETS

Stocks

3,965

3,965

Debtors

6

5,393

4,568

Cash at bank and in hand

23,801

25,348

33,159

33,881

CREDITORS

Amounts falling due within one year

7

23,499

26,719

NET CURRENT ASSETS

9,660

7,162

TOTAL ASSETS LESS CURRENT LIABILITIES

14,820

14,042

CREDITORS

Amounts falling due after more than one year

8

-

(1,172

)

PROVISIONS FOR LIABILITIES

11

(922

)

(1,307

)

NET ASSETS

13,898

11,563

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

13

13,798

11,463

SHAREHOLDERS' FUNDS

13,898

11,563

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2026 and were signed on its behalf by:

Mrs P A Mills - Director

R J Mills - Director

1.	STATUTORY INFORMATION

As Good As New BE Ltd 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 the invoiced value of sales of goods and services, less value added tax using the flat rate scheme.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, was 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.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Stocks

Stocks 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 Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current and 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.

Pension costs and other post-retirement benefits

The company contributes defined contributions to money purchase pension plans for the benefit of the employees and directors. A defined contribution plan is a pension plan under which the company pays fixed contributions to an independent pension provider and has no further payment obligations. Contributions payable by the company 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 5 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

20,000

AMORTISATION

At 1 November 2024

and 31 October 2025

20,000

NET BOOK VALUE

At 31 October 2025

-

At 31 October 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2024

and 31 October 2025

39,659

DEPRECIATION

At 1 November 2024

32,779

Charge for year

1,720

At 31 October 2025

34,499

NET BOOK VALUE

At 31 October 2025

5,160

At 31 October 2024

6,880

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

1,500

972

Other debtors

3,893

3,596

5,393

4,568

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans (see note 9)

1,234

2,130

Trade creditors

1,744

2,730

Taxation and social security

13,527

15,241

Other creditors

6,994

6,618

23,499

26,719

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans (see note 9)

-

1,172

9.

LOANS

An analysis of the maturity of loans is given below:

31.10.25

31.10.24

£

£

Amounts falling due within one year or on demand:

Bank loans

1,234

2,130

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

1,172

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.25

31.10.24

£

£

Bank loans

1,234

3,302

The company borrowed £10,000 under the Bounce Back Loan Scheme..

HM Government covered any interest payable in the first 12 months through a Business Interruption Payment to the lender, and lenders benefit from a 100% government-backed guarantee.

The government has set the interest rate for this loan at 2.5% per annum and the repayment term is fixed at six years. No repayments were due during the first 12 months. The company remains 100% liable to repay the full loan amount, as well as interest, after the first year.

11.	PROVISIONS FOR LIABILITIES

31.10.25

31.10.24

£

£

Deferred tax

Accelerated capital allowances

922

1,307

Deferred

tax

£

Balance at 1 November 2024

1,307

Accelerated capital allowances

(385

)

Balance at 31 October 2025

922

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.25

31.10.24

value:

£

£

100

Ordinary

£1

100

100

13.

RESERVES

Retained

earnings

£

At 1 November 2024

11,463

Profit for the year

25,723

Dividends

(23,388

)

At 31 October 2025

13,798

14.	RELATED PARTY DISCLOSURES

Included in other creditors at 31 October 2024 are balances due to the directors/shareholders totalling £6,339 (2024 - £4,869).

There are no fixed terms for repayment of these balances that are repayable on demand. No interest was charged this year (2024 - £Nil).

15.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors who each own 50% of the issued share capital.