GADGETS UK INTERNET LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Gardiner Russell Accounting Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. GADGETS UK INTERNET LIMITED · parent
   1. Creative 7 UK Limited 100% · England & Wales

Significant events

• “During the year ended 31 July 2025, the company operated within a highly competitive and evolving e-commerce environment. Turnover decreased to £14.8m (2024: £17.0m), driven primarily by softer demand in Europe. This decline was significantly influenced by logistics challenges and inconsistent stock availability within the EU, which restricted the company's ability to supply products consistently and capitalise on demand.”
• “During the financial year, the company strengthened its overall financial position. Inventory levels were reduced from £4.74m to £4.02m, improving inventory turnover and freeing working capital. Cash at bank rose significantly to £1.99m (2024: £1.09m), reflecting strong cash generation and disciplined expense management.”
• “Fixed assets decreased slightly to £53k, consistent with normal capital expenditure patterns, while creditors falling due within one year reduced from £2.07m to £1.55m. The company continued to operate with minimal debt, with remaining loan balances repaid during the year, improving balance sheet resilience.”
• “Investment during the year focused on enhancing operational efficiency, including technology upgrades to support forecasting, customer service automation, and improved marketplace analytics. These developments are designed to support scalability and long-term margin improvement.”
• “The company expanded its direct-to-consumer (DTC) channels, with additional integrations planned for the coming year to improve margin control and reduce reliance on major marketplaces.”
• “Work also commenced on diversifying production across a broader range of countries to mitigate geopolitical and supply-chain risks. The company continued to invest in technology and data-driven processes to improve inventory planning, customer service and fulfilment efficiency.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  +83%

  £1,092,707 → £1,999,270

  highest in 5 filed years

• Net assets

  +16.8%

  £4,572,222 → £5,339,322

  highest in 5 filed years

• Employees

  0%

  11 → 11

• Profit before tax

  -48.1%

  £2,398,470 → £1,245,374

• Wages

  -1.2%

  £309,907 → £306,334

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers