1 March 2023 false No description of principal activity Taxfiler 2024.5 13895062business:PrivateLimitedCompanyLtd2023-03-012024-02-29 138950622023-02-28 138950622023-03-012024-02-29 13895062business:AuditExemptWithAccountantsReport2023-03-012024-02-29 13895062business:FilletedAccounts2023-03-012024-02-29 138950622024-02-29 138950622023-02-28 13895062core:WithinOneYear2024-02-29 13895062core:WithinOneYear2023-02-28 13895062core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 13895062core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 13895062core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 13895062core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 13895062core:PreviouslyStatedAmount2024-02-29 13895062core:PreviouslyStatedAmount2023-02-28 13895062business:SmallEntities2023-03-012024-02-29 13895062business:Director12023-03-012024-02-29 13895062countries:EnglandWales2023-03-012024-02-29 13895062business:RegisteredOffice2023-03-012024-02-29 138950622022-02-042023-02-28 iso4217:GBP xbrli:pure
Company Registration No. 13895062 (England and Wales)
SUMUP ONLINE STORES UK LTD Unaudited accounts for the year ended 29 February 2024
SUMUP ONLINE STORES UK LTD Unaudited accounts Contents
Page
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SUMUP ONLINE STORES UK LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
4,173 
29,125 
Debtors
512,665 
503,236 
Cash at bank and in hand
500 
2,540 
517,338 
534,901 
Creditors: amounts falling due within one year
(26,074)
(34,949)
Net current assets
491,264 
499,952 
Net assets
491,264 
499,952 
Capital and reserves
Called up share capital
500,000 
500,000 
Profit and loss account
(8,736)
(48)
Shareholders' funds
491,264 
499,952 
For the year ending 29 February 2024 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 November 2024 and were signed on its behalf by
Muhammad Alam Director Company Registration No. 13895062
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SUMUP ONLINE STORES UK LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
SUMUP ONLINE STORES UK LTD is a private company, limited by shares, registered in England and Wales, registration number 13895062. The registered office is 60 Mill Mead Business Centre, Mill Mead Road, London, N17 9QU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
12,665 
3,236 
Other debtors
500,000 
500,000 
512,665 
503,236 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
24,000 
34,919 
Loans from directors
324 
30 
Accruals
1,750 
- 
26,074 
34,949 
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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