Internet Stamps Group Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Internet Stamps Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03497867 . The registered office is Warren House, Shearway Road, Folkestone, Kent, CT19 4BF.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

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 have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Significant judgements and estimations

The Company has accrued for unused TOIL and holiday days. This has been based on the Directors' best estimate and amounts to £14,863 (2024: £14,599).

Year end stock valuations include the use of significant estimates in calculating the historic cost. See Stock accounting policy for more information.

2.4. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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:

Fixtures & Fittings	15% reducing blanace
Computer Equipment	25% straight line

2.6. Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Dividends on equity securities are recognised in income when receivable.

2.7. Leasing and Hire Purchase Contracts

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

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Internet Stamps Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.8. Stocks and Work in Progress

Stocks are stated at the lower of cost and net realisable value. Cost is an estimate based on an estimated mark-up applied to the retail selling price of each product line. The mark-up includes an estimate of apportioned overheads.

At each balance sheet date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Consignment stock held on sale and return is not included in year end stock valuations, as the ownership is not transferred until products are sold.

2.9. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.10. Interest Receivable

Interest income is recognised in the profit and loss account using the effective interest method.

2.11. Interest Payable

Finance costs are charged to the profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.12. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.13. 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.

2.14. Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2024: 9)

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Internet Stamps Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2025	51,852	34,569	86,421

As at 31 December 2025	51,852	34,569	86,421

Depreciation
As at 1 January 2025	48,351	34,459	82,810
Provided during the period	524	110	634

As at 31 December 2025	48,875	34,569	83,444

Net Book Value
As at 31 December 2025	2,977	-	2,977

As at 1 January 2025	3,501	110	3,611

5. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 January 2025	200

As at 31 December 2025	200

Provision
As at 1 January 2025	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	200

As at 1 January 2025	200

Details of the investments in which the company holds 20% or more of the nominal value of any class of share

capital are as follows:

Undertaking	Registered office	Holding	Proportion of voting rights and shares held
Subsidiary undertakings			2024	2023
FSS Limited	UK	Ordinary A	100%	100%
Buckingham Covers Limited	UK	Ordinary A	100%	100%

FSS Limited

The principal activity of FSS Limited is dormant.

Buckingham Covers Limited

The principal activity of Buckingham Covers Limited is dormant.

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Internet Stamps Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Stocks

	2025	2024
	£	£
Materials	208,736	252,525

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	33,420	50,732
Prepayments and accrued income	7,955	9,419
Other debtors	15,000	15,000

	56,375	75,151

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	64,046	71,588
Other taxes and social security	4,764	3,134
VAT	8,270	17,502
Other creditors	-	110
Accruals and deferred income	20,414	26,534
Directors' loan accounts	16,725	26,000

	114,219	144,868

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100,000	101,500

10. Other Commitments

The total of future minimum lease payments under non-cancellable leases, in respect of the company premises on a rolling basis are as following:

	2025	2024
	£	£
Not later than one year	15,000	13,833

	15,000	13,833

11. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

At the year end there are no contributions payable.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,977		3,611
Investments	5		200		200

			3,177		3,811
CURRENT ASSETS
Stocks	6	208,736		252,525
Debtors	7	56,375		75,151
Cash at bank and in hand		2,108		34,050

		267,219		361,726
Creditors: Amounts Falling Due Within One Year	8	(114,219 )		(144,868 )

NET CURRENT ASSETS (LIABILITIES)			153,000		216,858

TOTAL ASSETS LESS CURRENT LIABILITIES			156,177		220,669

PROVISIONS FOR LIABILITIES
Deferred Taxation			(421 )		(516 )

NET ASSETS			155,756		220,153

CAPITAL AND RESERVES
Called up share capital	9		100,000		101,500
Capital redemption reserve			5,000		3,500
Profit and Loss Account			50,756		115,153

SHAREHOLDERS' FUNDS			155,756		220,153