Company No: 02660885 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Mr B Fox
	Mrs L Fox

REGISTERED OFFICE	14 Cobblestone Court Hoults
	Estate Walker Road
	Newcastle Upon Tyne
	NE6 1AB
	United Kingdom

COMPANY NUMBER

02660885 (England and Wales)

ACCOUNTANT	S&W Partners Newcastle Limited
	17 Queens Lane
	Newcastle
	NE1 1RN

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	430,397		447,052
		430,397		447,052
Current assets
Stocks		3,500		4,100
Debtors	4	130,106		51,697
Cash at bank and in hand		79,505		269,584
		213,111		325,381
Creditors: amounts falling due within one year	5	( 189,581)		( 312,540)
Net current assets		23,530		12,841
Total assets less current liabilities		453,927		459,893
Creditors: amounts falling due after more than one year	6	( 8,970)		( 17,000)
Provision for liabilities		( 90,869)		0
Net assets		354,088		442,893
Capital and reserves
Called-up share capital		12		12
Profit and loss account		354,076		442,881
Total shareholders' funds		354,088		442,893

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Bushnell Limited (registered number: 02660885) were approved and authorised for issue by the Board of Directors on 06 August 2026. They were signed on its behalf by:

Mr B Fox Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Bushnell Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 14 Cobblestone Court Hoults, Estate Walker Road, Newcastle Upon Tyne, NE6 1AB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Bushnell Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value consideration takes into account trade discounts, settlement discounts and volume rebates.

Taxation

Current tax
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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.

Employee benefits

Short-term employee benefits are recognised as an expense in the period in which they are incurred.

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.

Tangible fixed assets

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

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Land and buildings	10 years straight line
Plant and machinery etc.	6 years straight line
	10 - 20 % reducing balance

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Stocks

Stocks are stated at the lower of cost and net realisable value, after making due allowances for obsolete and slow moving items.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments on non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Leasing

Assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as tangible fixed assets. The related obligations, net of future finance charges are included in creditors.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	16		16

3. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 January 2025	79,281		2,048,536		2,127,817
Additions	0		49,575		49,575
Rounding	0		( 1)		( 1)
At 31 December 2025	79,281		2,098,110		2,177,391
Accumulated depreciation
At 01 January 2025	79,270		1,601,495		1,680,765
Charge for the financial year	0		66,230		66,230
Rounding	0		( 1)		( 1)
At 31 December 2025	79,270		1,667,724		1,746,994
Net book value
At 31 December 2025	11		430,386		430,397
At 31 December 2024	11		447,041		447,052

4. Debtors

	2025		2024
	£		£
Trade debtors	115,282		32,872
Corporation tax	12,359		0
Other debtors	2,465		18,825
	130,106		51,697

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	17,000		39,020
Trade creditors	47,937		37,587
Taxation and social security	50,029		72,894
Obligations under finance leases and hire purchase contracts	27,909		27,286
Other creditors	46,706		135,753
	189,581		312,540

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	8,970		17,000

There are no amounts included above in respect of which any security has been given by the small entity.

7. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
Within one year	21,578		27,286