GuyBrush Limited

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

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. Turnover

Turnover is measured at the fair value of consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Commissions are earned by the company acting as an agent and providing an internet marketplace for its customers. Commissions is based on the gross value of sales made through the market place.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are computer software. It is amortised to the profit and loss account over its estimated economic life of three years.

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:

Fixtures & Fittings	Straight line over 5 years
Computer Equipment	Straight line over 4 years

2.5. 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.

2.6. 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 a 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 constitutes a financing transaction, where the transaction is measured at the present value of 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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GuyBrush Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.6. 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 constitutes a 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 creditors 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.

2.7. 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. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2025: 5)

4. Intangible Assets

	Other
	£
Cost
As at 1 February 2025	1,010

As at 31 January 2026	1,010

Amortisation
As at 1 February 2025	1,010

As at 31 January 2026	1,010

Net Book Value
As at 31 January 2026	-

As at 1 February 2025	-

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 February 2025	308	33,572	33,880
Additions	1,891	3,007	4,898

As at 31 January 2026	2,199	36,579	38,778

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GuyBrush Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

Depreciation
As at 1 February 2025	82	29,224	29,306
Provided during the period	592	3,099	3,691

As at 31 January 2026	674	32,323	32,997

Net Book Value
As at 31 January 2026	1,525	4,256	5,781

As at 1 February 2025	226	4,348	4,574

6. Stocks

	2026	2025
	£	£
Stock	12,789	30,080

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	70,758	51,052
Other debtors	66,838	70,981

	137,596	122,033

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	10,860	10,545
Other creditors	54,103	28,123
Taxation and social security	26,579	14,015

	91,542	52,683

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	2	2

10. Ultimate Controlling Party

The ultimate controlling parties are Mr R Basile and Ms E Craft by virtue of majority shareholding.

11. SHARE‑BASED PAYMENT TRANSACTIONS

Approved Share Option Plan

The Company operates an Approved EMI Share Option Plan where certain employees are granted options to purchase shares in the company. On exercise of the options by the employees, the Company issues new shares. The vesting schedule varies with each grant but in all instances, the options are only exercisable on a sale event so at the balance sheet date, no options are eligible to be exercised

The following table illustrates the number and weighted average exercise prices (WAEP) of, and movements in, share options during the year under the Approved EMI Share Option Plan.

The Company is unable to directly measure the fair value of employee services received. Instead the fair value of the share options granted during the year is determined using the Black‑Scholes model. The model is internationally recognised as being appropriate to value employee share schemes similar to the scheme the Company have in place.

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GuyBrush Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

Approved Options	2026 No.	2026 WAEP £	2025 No.	2025 WAEP £
Outstanding at 1 Feb	1,050	3.32	1,050	3.32
Granted during the year	-	-	‑	‑
Lapsed during the year	-	-	‑	‑
Transfer to unapproved	‑	‑	‑	‑
Outstanding at 31 Jan	1,050	3.32	1,050	3.32

There was no charge in the year.

Unapproved Share Option Plan

The company also operate an unapproved share option plan for certain individuals. Under this plan, individuals are granted options over Ordinary shares with options vesting under differing schedules. Again, options under this plan have been granted at an exercise price equal to the fair value of the shares under option at the time of grant and therefore no expense is recognised in the financial statements for the options granted under this plan.

The following table illustrates the number and weighted average exercise prices (WAEP) of, and movements in, share options during the year under the Unapproved Share Option Plan.

The Company is unable to directly measure the fair value of employee services received. Instead the fair value of the share options granted during the year is determined using the Black‑Scholes model. The model is internationally recognised as being appropriate to value employee share schemes similar to the scheme the Company have in place.

Unapproved Options	2026 No.	2026 WAEP £	2025 No.	2025 WAEP £
Outstanding at 1 Feb	6,451	3.32	6,451	3.32
Granted during the year	-	-	‑	‑
Lapsed during the year	-	-	‑	‑
Transfer from approved	-	-	-	‑
Outstanding at 31 Jan	6,451	3.32	6,451	3.32

There was no charge in the year.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		5,781		4,574

			5,781		4,574
CURRENT ASSETS
Stocks	6	12,789		30,080
Debtors	7	137,596		122,033
Cash at bank and in hand		156,900		51,405

		307,285		203,518
Creditors: Amounts Falling Due Within One Year	8	(91,542 )		(52,683 )

NET CURRENT ASSETS (LIABILITIES)			215,743		150,835

TOTAL ASSETS LESS CURRENT LIABILITIES			221,524		155,409

NET ASSETS			221,524		155,409

CAPITAL AND RESERVES
Called up share capital	9		2		2
Share premium account			8,356,001		8,356,001
Profit and Loss Account			(8,134,479 )		(8,200,594 )

SHAREHOLDERS' FUNDS			221,524		155,409