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Company Registration No. 13895062 (England and Wales)
SUMUP ONLINE STORES UK LTD Unaudited accounts for the year ended 28 February 2025
SUMUP ONLINE STORES UK LTD Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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SUMUP ONLINE STORES UK LTD Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Current assets
Inventories
1,423
4,173
Debtors
4
513,267
512,665
Cash at bank and in hand
502
500
515,192
517,338
Creditors: amounts falling due within one year
5
(33,096)
(26,074)
Net current assets
482,096
491,264
Net assets
482,096
491,264
Capital and reserves
Called up share capital
500,000
500,000
Profit and loss account
(17,904)
(8,736)
Shareholders' funds
482,096
491,264
For the year ending 28 February 2025 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 September 2025 and were signed on its behalf by
Muhammad Alam Director Company Registration No. 13895062
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SUMUP ONLINE STORES UK LTD Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
SUMUP ONLINE STORES UK LTD is a private company, limited by shares, registered in England and Wales, registration number 13895062. The registered office is 60 Mill Mead Business Centre, Mill Mead Road, London, N17 9QU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
13,267
12,665
Other debtors
500,000
500,000
513,267
512,665
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
3,600
24,000
Loans from directors
29,496
324
Accruals
-
1,750
33,096
26,074
6
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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