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REGISTERED NUMBER: 09865827 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Sm Traders & Wholesaler Limited

Sm Traders & Wholesaler Limited (Registered number: 09865827)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Sm Traders & Wholesaler Limited (Registered number: 09865827)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £ £
Fixed assets
Tangible assets 4 11,062 14,750

Current assets
Stocks 5 43,238 43,238
Debtors 6 115 4,115
Cash at bank 1,955 6,301
45,308 53,654
Creditors
Amounts falling due within one year 7 (30,229 ) (42,621 )
Net current assets 15,079 11,033
Total assets less current liabilities 26,141 25,783

Creditors
Amounts falling due after more than
one year

8

(29,676

)

(39,676

)
Net liabilities (3,535 ) (13,893 )

Capital and reserves
Called up share capital 10 100 100
Retained earnings 11 (3,635 ) (13,993 )
Shareholders' funds (3,535 ) (13,893 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Sm Traders & Wholesaler Limited (Registered number: 09865827)

Balance Sheet - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 September 2024 and were signed by:





Mirza A Abrar - Director


Sm Traders & Wholesaler Limited (Registered number: 09865827)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. Statutory information

Sm Traders & Wholesaler Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09865827

Registered office: Cookes Storage Services Unit No 16 Maybro
Maybrook Road
Sutton Coldfield
B76 1AL

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Sm Traders & Wholesaler Limited (Registered number: 09865827)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

4. Tangible fixed assets
Fixtures
and Motor
fittings vehicles Totals
£ £ £
Cost
At 1 December 2022
and 30 November 2023 1,200 34,202 35,402
Depreciation
At 1 December 2022 986 19,666 20,652
Charge for year 54 3,634 3,688
At 30 November 2023 1,040 23,300 24,340
Net book value
At 30 November 2023 160 10,902 11,062
At 30 November 2022 214 14,536 14,750

5. Stocks
30.11.23 30.11.22
£ £
Finished goods 43,238 43,238

6. Debtors: amounts falling due within one year
30.11.23 30.11.22
£ £
Other debtors 115 4,115

Sm Traders & Wholesaler Limited (Registered number: 09865827)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. Creditors: amounts falling due within one year
30.11.23 30.11.22
£ £
Trade creditors 30,095 6,208
VAT 134 969
Other creditors - 35,444
30,229 42,621

8. Creditors: amounts falling due after more than one year
30.11.23 30.11.22
£ £
Bank loans (see note 9) 29,676 39,676

9. Loans

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£ £
Amounts falling due between one and two years:
Bank loans > 1 year 29,676 39,676

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £ £
100 Ordinary shares 1 100 100

11. Reserves
Retained
earnings
£

At 1 December 2022 (13,993 )
Profit for the year 10,358
At 30 November 2023 (3,635 )