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REGISTERED NUMBER: 07450230 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

MYSMOKINGSHOP LTD

MYSMOKINGSHOP LTD (REGISTERED NUMBER: 07450230)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MYSMOKINGSHOP LTD

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTORS: Mr S C Jackson
Mrs S A Jackson





REGISTERED OFFICE: 40c Liverpool Road
Penwortham
Preston
Lancashire
PR1 0DQ





REGISTERED NUMBER: 07450230 (England and Wales)





ACCOUNTANTS: James Todd & Co
Greenbank House
141 Adelphi Street
Preston
Lancashire
PR1 7BH

MYSMOKINGSHOP LTD (REGISTERED NUMBER: 07450230)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 524,534 557,668

CURRENT ASSETS
Stocks 1,495,695 1,086,794
Debtors 6 639,529 663,029
Cash at bank and in hand 1,704,704 1,718,610
3,839,928 3,468,433
CREDITORS
Amounts falling due within one year 7 714,657 679,617
NET CURRENT ASSETS 3,125,271 2,788,816
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,649,805

3,346,484

PROVISIONS FOR LIABILITIES 29,475 35,199
NET ASSETS 3,620,330 3,311,285

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,620,230 3,311,185
SHAREHOLDERS' FUNDS 3,620,330 3,311,285

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MYSMOKINGSHOP LTD (REGISTERED NUMBER: 07450230)

BALANCE SHEET - continued
31 December 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 May 2025 and were signed on its behalf by:





Mr S C Jackson - Director


MYSMOKINGSHOP LTD (REGISTERED NUMBER: 07450230)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

MySmokingShop Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Freehold property - Straight line over 200 years
Equipment - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, cash and bank deposits, trade creditors, bank loans and directors loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans (being repayable on demand), trade debtors, cash and bank deposits and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


MYSMOKINGSHOP LTD (REGISTERED NUMBER: 07450230)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024


3. 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, stated net of discounts and of Value Added Tax.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 421,596 260,393 681,989
Additions - 5,043 5,043
At 31 December 2024 421,596 265,436 687,032
DEPRECIATION
At 1 January 2024 13,582 110,739 124,321
Charge for year 1,379 36,798 38,177
At 31 December 2024 14,961 147,537 162,498
NET BOOK VALUE
At 31 December 2024 406,635 117,899 524,534
At 31 December 2023 408,014 149,654 557,668

Included in cost of land and buildings is freehold land of £ 145,719 (2023 - £ 145,719 ) which is not depreciated.

The directors consider that the useful economic life of the company's building included in tangible fixed assets is between 200 and 300 years as it was originally built by a bank for their own use and is considered to be built of an extremely strong and robust construction as a result.

MYSMOKINGSHOP LTD (REGISTERED NUMBER: 07450230)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,529 33,029
Other debtors 630,000 630,000
639,529 663,029

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 512,694 394,038
Taxation and social security 188,953 224,118
Other creditors 13,010 61,461
714,657 679,617

8. RELATED PARTY DISCLOSURES

At 31st December 2024 the company owed £3,482 (2023: £55,966) to its directors. No interest has been charged to the company in respect of these loans which are repayable on demand and included in creditors amounts falling due within one year

As at 31st December 2024 the company is owed £630,000 by MSS Estates Ltd. The directors and shareholding of this company are the same as MySmokingShop Ltd. The amount is included in other debtors, amounts falling due within one year..