REGISTERED NUMBER: 13877537 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SMOORE UK CO., LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Wei Qiang Bu

REGISTERED OFFICE:

4th Floor St James House

St James Square

Cheltenham

GL50 3PR

REGISTERED NUMBER:

13877537 (England and Wales)

AUDITORS:

Zome Audit Limited (Statutory Auditor)

5th Floor

111 Charterhouse Street

London

EC1M 6AW

CURRENT ASSETS

Debtors

4

52,170

139,728

Cash at bank

249,297

147,767

301,467

287,495

CREDITORS

Amounts falling due within one year

5

141,789

208,277

NET CURRENT ASSETS

159,678

79,218

TOTAL ASSETS LESS CURRENT LIABILITIES

159,678

79,218

CAPITAL AND RESERVES

Called up share capital

42,576

42,576

Retained earnings

117,102

36,642

159,678

79,218

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 30 August 2025 and were signed by:

Wei Qiang Bu - Director

1.	STATUTORY INFORMATION

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

The presentational currency of the financial statements is the US Dollar ($) and the figures are rounded to the nearest US Dollar ($).

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.

The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company has continued financial support as needed from the parent company to provide capital to meet liabilities when they fall due.

Turnover

Turnover is derived from the parent company for providing sales and management services and is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into dollars at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into dollars at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on Debtors.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 8 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

$

$

Other debtors

37,934

56,011

VAT

7,341

83,717

Prepayments and accrued income

6,895

-

52,170

139,728

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

$

$

Amounts owed to group undertakings

6,793

79,489

Corporation tax

34,955

14,080

Social security and other taxes

16,410

7,428

Other creditors

7,661

48,046

Accrued expenses

75,970

59,234

141,789

208,277

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

$

$

Within one year

22,441

9,231

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Roy Davis FCA (Senior Statutory Auditor)

for and on behalf of Zome Audit Limited (Statutory Auditor)

8.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable to the fund and amounted to $2,470 (2023: $3,734). Contributions totalling $6,895 were paid in advance to the fund at the reporting date (2023: $57 due to the fund).

9.	RELATED PARTY DISCLOSURES

During the financial period, amounts recharged to the parent entity - Smoore (Hongkong) Limited under the terms of the sales and marketing agreement amounted to the $1,294,580 (2023: $1,070,975). At the year end, $6,793 (2023: $79,489) was owed to Smoore (Hongkong) Limited by the Company.

10.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Smoore (Hongkong) Limited a company incorporated in Hong Kong.

The smallest group in which the results of the company are consolidated is that headed by Smoore (Hongkong) Limited with its registered office at Office B 28/F EGL Tower No 83 Hung To Rd KL Hongkong, China, 999077.