Library of Things Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11804306

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		235,375		228,651

			235,375		228,651
CURRENT ASSETS
Debtors	5	81,078		151,373
Cash at bank and in hand		161,765		79,840

		242,843		231,213
Creditors: Amounts Falling Due Within One Year	6	(557,322 )		(226,919 )

NET CURRENT ASSETS (LIABILITIES)			(314,479 )		4,294

TOTAL ASSETS LESS CURRENT LIABILITIES			(79,104 )		232,945

Creditors: Amounts Falling Due After More Than One Year	7		(305,906 )		(149,904 )

NET (LIABILITIES)/ASSETS			(385,010 )		83,041

CAPITAL AND RESERVES
Called up share capital	8		9		9
Share premium account			1,671,848		1,671,848
Profit and Loss Account			(2,056,867 )		(1,588,816 )

SHAREHOLDERS' FUNDS			(385,010)		83,041

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Library of Things Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Robert Gamm

Director

13 August 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Library of Things Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11804306 . The registered office is 66, Paul Street, London, Greater London, EC2A 4NA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

Whilst the business has been loss making in the financial year, the Directors regularly review the cash position and forecast and believe there will be sufficient funds to pay liabilities as they fall due. As such the Directors agree the going concern basis is the appropriate method to prepare these financial statements.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue from services is recognised in the period the services are provided.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	20% Reducing Balance
Computer Equipment	20% Reducing Balance

2.5. Financial Instruments

The company has elected to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments Issues of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement consitutes a financing transaction, where the transaction is measured at the present value if the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

...CONTINUED

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Library of Things Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.5. Financial Instruments - continued

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitute and financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditor are obligations to pay for goods or services that have been acquired in the ordinary course of business

from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not,

they are presented as non‑current liabilities. Trade creditors are recognised initially at transaction price and

subsequently at amortised cost using the effective interest method.

2.6. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.8. Grant Income

Grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 17 (2025: 24)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2025	338,265	3,624	280	4,648	346,817
Additions	64,569	-	-	-	64,569

As at 31 March 2026	402,834	3,624	280	4,648	411,386

Depreciation
As at 1 April 2025	115,418	72	190	2,486	118,166
Provided during the period	56,691	843	18	293	57,845

As at 31 March 2026	172,109	915	208	2,779	176,011

Net Book Value
As at 31 March 2026	230,725	2,709	72	1,869	235,375

As at 1 April 2025	222,847	3,552	90	2,162	228,651

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Library of Things Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	53,268	147,792
Other debtors	27,810	3,581

	81,078	151,373

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	19,859	9,152
Bank loans and overdrafts	10,125	-
Other creditors	484,728	172,210
Taxation and social security	42,610	45,557

	557,322	226,919

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	5,906	26,156
Other creditors	300,000	123,748

	305,906	149,904

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	9	9

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