Smart Wears & Go Ltd

Smart Wears & Go Ltd
Contents Page
For the year ended 31 December 2024

Statement of financial position	1
Notes to the financial statements	2

Smart Wears & Go Ltd
Statement of Financial Position
As at 31 December 2024

	Notes	2024 £	2023 £
Current assets
Stocks		250	775
Debtors		16,459	18,756
Cash at bank and in hand		186	0
		16,895	19,531
Creditors: amount falling due within one year		0	(400)
Net current assets		16,895	19,131

Total assets less current liabilities		16,895	19,131
Net assets		16,895	19,131

Capital and reserves
Called up share capital	3	100	100
Profit and loss account		16,795	19,031
Shareholders' funds		16,895	19,131

For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 24 September 2025 and were signed by:

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Muhammad Usman Ghani
Director

1

Smart Wears & Go Ltd
Notes to the Abridged Financial Statements
For the year ended 31 December 2024

General Information

Smart Wears & Go Ltd is a private company, limited by shares, registered in , registration number 09245959, registration address 54 Hughes Road, Ilford, IG6 2FP.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 0 (2023 : 0).

3.

Share Capital

Allotted, called up and fully paid	2024 £		2023 £
100 Class A shares of £1.00 each	100		100
	100		100

2

Registered Number: 09245959

SMART WEARS & GO LTD

Abridged Accounts

Period of accounts Start date: 01 January 2024 End date: 31 December 2024