REGISTERED NUMBER: 12370423 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

SUPREME CBD LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Antony John Fowler

REGISTERED OFFICE:

Suite 176

8 Shepherd Market

Mayfair

London

W1J 7JY

REGISTERED NUMBER:

12370423 (England and Wales)

ACCOUNTANTS:

DBS Corporate Accountants

Suite 4102, Charlotte House

Queens Dock Business Centre

67-83 Norfolk Street

Liverpool

Merseyside

L1 0BG

FIXED ASSETS

Tangible assets

4

508,750

46,210

CURRENT ASSETS

Stocks

68,307

-

Debtors

5

3,574,301

2,595,298

Cash at bank and in hand

65,010

60,440

3,707,618

2,655,738

CREDITORS

Amounts falling due within one year

6

2,306,985

1,677,940

NET CURRENT ASSETS

1,400,633

977,798

TOTAL ASSETS LESS CURRENT LIABILITIES

1,909,383

1,024,008

CREDITORS

Amounts falling due after more than one year

7

(11,421

)

(21,837

)

PROVISIONS FOR LIABILITIES

(32,839

)

(3,072

)

NET ASSETS

1,865,123

999,099

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,865,023

998,999

1,865,123

999,099

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 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.

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 5 September 2025 and were signed by:

Mr Antony John Fowler - Director

1.	STATUTORY INFORMATION

SUPREME CBD 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.

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 amounts derived from the services provided by the company falling within its ordinary activities, 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.

Plant and machinery etc

-

20% on cost

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

-

97,068

97,068

Additions

349,153

180,923

530,076

Disposals

-

(59,690

)

(59,690

)

At 31 December 2024

349,153

218,301

567,454

DEPRECIATION

At 1 January 2024

-

50,858

50,858

Charge for year

-

43,660

43,660

Eliminated on disposal

-

(35,814

)

(35,814

)

At 31 December 2024

-

58,704

58,704

NET BOOK VALUE

At 31 December 2024

349,153

159,597

508,750

At 31 December 2023

-

46,210

46,210

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

21,284

4,737

Other debtors

3,553,017

2,590,561

3,574,301

2,595,298

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

46,092

9,967

Trade creditors

429,677

409,207

Taxation and social security

595,440

213,787

Other creditors

1,235,776

1,044,979

2,306,985

1,677,940

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

11,421

21,837