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Registered number: 07735981
Mr Simms Olde Sweet Shoppe Online Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Company Information 1
Balance Sheet 2—3
Statement of Changes in Equity 4
Notes to the Financial Statements 5—6
Page 1
Company Information
Director Mr David Man
Company Number 07735981
Registered Office 12 St. Marys Gate
Stafford
ST16 2AS
Accountants Accounting Tang Ltd
8 Farm Avenue
London
SW16 2UT
Page 1
Page 2
Balance Sheet
Registered number: 07735981
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 15,831 17,974
15,831 17,974
CURRENT ASSETS
Stocks 5 11,880 6,862
Debtors 6 3,017 127,295
Cash at bank and in hand 9,664 561
24,561 134,718
Creditors: Amounts Falling Due Within One Year 7 (379,929 ) (449,172 )
NET CURRENT ASSETS (LIABILITIES) (355,368 ) (314,454 )
TOTAL ASSETS LESS CURRENT LIABILITIES (339,537 ) (296,480 )
Creditors: Amounts Falling Due After More Than One Year 8 (3,221 ) (11,411 )
NET LIABILITIES (342,758 ) (307,891 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (342,858 ) (307,991 )
SHAREHOLDERS' FUNDS (342,758) (307,891)
Page 2
Page 3
For the year ending 31 December 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Man
Director
24/07/2025
The notes on pages 5 to 6 form part of these financial statements.
Page 3
Page 4
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 January 2023 100 (236,136 ) (236,036)
Loss for the year and total comprehensive income - (71,855 ) (71,855)
As at 31 December 2023 and 1 January 2024 100 (307,991 ) (307,891)
Loss for the year and total comprehensive income - (34,867 ) (34,867)
As at 31 December 2024 100 (342,858 ) (342,758)
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Mr Simms Olde Sweet Shoppe Online Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07735981 . The registered office is 12 St. Marys Gate, Stafford, ST16 2AS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance Basis
Fixtures & Fittings 15% Reducing Balance Basis
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was 5 (2023: 8)
5 8
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2024 2,103 26,700 28,803
Additions 721 - 721
As at 31 December 2024 2,824 26,700 29,524
Depreciation
As at 1 January 2024 1,262 9,567 10,829
Provided during the period 216 2,648 2,864
As at 31 December 2024 1,478 12,215 13,693
...CONTINUED
Page 5
Page 6
Net Book Value
As at 31 December 2024 1,346 14,485 15,831
As at 1 January 2024 841 17,133 17,974
5. Stocks
2024 2023
£ £
Finished goods 11,880 6,862
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,438 513
Prepayments and accrued income 466 4,052
Other debtors 113 122,730
3,017 127,295
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,203 19,974
Bank loans and overdrafts 8,603 8,519
Other taxes and social security 13,416 10,418
VAT 19,512 13,265
Other creditors 331,895 394,183
Accruals and deferred income 2,300 2,813
379,929 449,172
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 3,221 11,411
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 6