Handiworld Limited

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

Registered number: 05146860

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		13,975		15,759
Tangible Assets	5		413		1,230

			14,388		16,989
CURRENT ASSETS
Stocks	6	64,356		269,029
Debtors	7	65,138		79,375
Cash at bank and in hand		16,425		63,453

		145,919		411,857
Creditors: Amounts Falling Due Within One Year	8	(194,818 )		(615,739 )

NET CURRENT ASSETS (LIABILITIES)			(48,899 )		(203,882 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(34,511 )		(186,893 )

Creditors: Amounts Falling Due After More Than One Year	9		(195,000 )		(4,378 )

NET LIABILITIES			(229,511 )		(191,271 )

CAPITAL AND RESERVES
Called up share capital	10		169,962		169,962
Share premium account			915,628		915,628
Profit and Loss Account			(1,315,101 )		(1,276,861 )

SHAREHOLDERS' FUNDS			(229,511)		(191,271)

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Handiworld Limited

Balance Sheet (continued)

As At 31 December 2025

For the 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.

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

A C Shepherd

Director

14 September 2026

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

1. General Information

Handiworld Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05146860 . The registered office is 6th Floor, 99 Gresham Street, London, England, EC2V 7NG.

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

The directors believe that notwithstanding net current liabilities of £48,899 and net liabilities of £229,511, the company's financial statements should be prepared on a going concern basis.

Based on budgets prepared by the directors, the directors consider that the company will have adequate future sources of funding and ongoing support from current investors to meet the company's needs for a period of at least 12 months from the date of approval of these financial statements. The financial statements do not include any adjustments that may arise from any significant changes in the assumptions used in preparing the forecasts.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.4. Intangible Fixed Assets and Amortisation - Intellectual Property

Intellectual property assets are the costs of patents. These are amortised to the profit and loss account over their estimated economic life of 10 or 20 years.

2.5. 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

3 years straight line

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.7. 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.

2.8. Taxation

Income tax expense represents the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax for the year is recognised in profit or loss.

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 3 (2024: 3)

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Handiworld Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Intangible Assets

	Patents
	£
Cost
As at 1 January 2025	187,661

As at 31 December 2025	187,661

Amortisation
As at 1 January 2025	171,902
Provided during the period	1,784

As at 31 December 2025	173,686

Net Book Value
As at 31 December 2025	13,975

As at 1 January 2025	15,759

5. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 January 2025	5,480

As at 31 December 2025	5,480

Depreciation
As at 1 January 2025	4,250
Provided during the period	817

As at 31 December 2025	5,067

Net Book Value
As at 31 December 2025	413

As at 1 January 2025	1,230

6. Stocks

	2025	2024
	£	£
Stock	64,356	269,029

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	35,434	33,156
Other debtors	29,704	46,219

	65,138	79,375

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Handiworld Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	27,990	170,139
Bank loans and overdrafts	4,379	10,397
Other loans	149,867	395,000
Other creditors	11,987	39,780
Taxation and social security	595	423

	194,818	615,739

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

	2025	2024
	£	£
Bank loans	-	4,378
Other loans	195,000	-

	195,000	4,378

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	169,962	169,962

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