Final Results

Readybuy PLC
24 August 2005

READYBUY PLC
PRELIMINARY RESULTS
Year ended 30 April 2005


CHAIRMAN'S STATEMENT


Results

Our results for the year ended 30 April 2005 show turnover of £313,000 (2004:
£19,000) and operating losses of £252,000 (2004: £343,000).  Furthermore, as the
board has decided to withdraw from food manufacturing, additional provisions of
£804,000 have been made at the year-end.  These relate to the write-off of
goodwill and the write-down of machinery values.

Although some progress was made during the year and several listings were
achieved, the level of business was not sufficient to maintain a viable
manufacturing unit.

Since the year-end, the manufacturing unit has been closed and the machinery has
been sold.

Paul Bennett, the Chief Executive, left the company on 22 July and we wish to
thank him for his efforts in trying to build the business.

The board is now considering the options available to the Group and will update
shareholders in due course.

I would like to thank all the employees for their hard work during the difficult
trading period

Colin Davies
Chairman
24 August 2005




                                  READYBUY PLC
                      CONSOLIDATED PROFIT AND LOSS ACCOUNT
                        FOR THE YEAR ENDED 30 APRIL 2005

                                                                       Audited               Audited
                                                          01/05/04 to 30/04/05  01/05/03 to 30/04/04
                                                                        £000's                £000's
Turnover                                                                   313                    19

Operating Loss                                                           (252)                 (343)

Provision for loss on operations to be discontinued                      (804)                     -
                                                                        (1056)                 (343)
Interest Payable                                                           (4)                   (6)
Interest Receivable                                                          2                     6

Loss before Taxation                                                    (1058)                 (343)

Taxation                                                                  (45)                    45

Loss after taxation                                                     (1103)                 (298)
Dividends                                                                    -                     -
Deficit for the year                                                    (1103)                 (298)

Loss Per Share (note 3)                                                 (6.1p)                (2.2p)

The Group's trading activities were terminated in July 2005, therefore all of
the above activities are classified as discontinued.


                                  READYBUY PLC
                          CONSOLIDATED BALANCE SHEET
                                AT 30 APRIL 2005

                                                                           Audited               Audited
                                                                     30 April 2005         30 April 2004
                                                                            £000's                £000's
Fixed Assets
Intangible Assets                                                                -                   646
Tangible Assets                                                                  -                   218
                                                                                 -                   864
Current Assets
Stocks                                                                           2                     7
Debtors                                                                         44                    82
Cash at Bank and in Hand                                                       169                   429
                                                                               215                   518

Creditors: amounts due within one year                                       (194)                 (323)

Net current assets                                                              21                   195
Total assets less current liabilities                                           21                  1059
Creditors: amounts falling due after more than one year                          -                  (25)

Net Assets                                                                      21                  1034

Share Capital and Reserves
Called up Share Capital                                                         93                    90
Share Premium Account                                                         1329                  1242
Profit and Loss Account                                                     (1401)                 (298)

Equity and Non-Equity Shareholders' funds                                       21                  1034



                                  READYBUY PLC
                        CONSOLIDATED CASHFLOW STATEMENT
                        FOR THE YEAR ENDED 30 APRIL 2005

                                                                   Audited              Audited
                                                      01/05/04 to 30/04/05 01/05/03 to 30/04/04
                                                                    £000's               £000's

Net Cash outflow from operating activities                            (80)                (407)

Returns on investments and servicing of finance
Interest Paid                                                          (4)                  (6)
Interest Received                                                        2                    6
Net Cash Inflow/(Outflow) from servicing of                            (2)                    -
Finance

Capital Expenditure

Payments to acquire tangible assets                                    (9)                 (77)
Sale of tangible assets                                                  1                   35

Net Cash outflow from Capital Expenditure                              (8)                 (42)

Purchase of Subsidiary undertaking                                       -                (272)
Net overdraft acquired with subsidiary undertaking                       -                  (6)
Net Outflow from acquisitions                                            -                (278)

Net Cash outflow before use of                                        (90)                (727)
liquid resources and financing

Financing

Issue of equity Share Capital                                           90                 1169
Capital element of lease payments                                     (34)                 (19)
Repayment of term loans                                                  -                (220)
Net Inflow from financing                                               56                  930

(Decrease)/Increase  in Cash                                          (34)                  203




READYBUY PLC
FOR THE YEAR ENDED 30 APRIL 2005

Notes

1.         The preliminary financial results for the year ended 30 April 2005
           were approved by the Directors on 24 August 2005.

2.         There were no recognised gains or losses other than the result for
           the period.

3.         The calculation of earnings per share is based upon the loss after
           taxation of £1,103,000 (2004: £298,000) divided by the weighted 
           average number of ordinary shares in issue during the year which was 
           18,066,870 (2004: 13,585,434).

4.         The preliminary statement is available from the Company's registered
           office at: Television House, 10-12 Mount Street, Manchester, M2 5NT.



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