REGISTERED NUMBER: 07644897 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SMILE EVENTS & MEDIA LTD

Page

Balance sheet

1

Notes to the financial statements

3

Fixed assets

Intangible assets

4

6,684

7,901

Tangible assets

5

16,768

14,283

23,452

22,184

Current assets

Debtors

6

32,961

19,669

Cash at bank

8,037

12,991

40,998

32,660

Creditors

Amounts falling due within one year

7

31,249

17,236

Net current assets

9,749

15,424

Total assets less current liabilities

33,201

37,608

Creditors

Amounts falling due after more than one year

8

(29,664

)

(35,005

)

Provisions for liabilities

10

(3,036

)

(2,531

)

Net assets

501

72

Capital and reserves

Called up share capital

11

2

2

Retained earnings

499

70

Shareholders' funds

501

72

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 her 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

Mrs K Johnson - Director

1.	Statutory information

Smiley Booth Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 07644897. The business address is Purbeck View, Blandford Road, Corfe Mullen, Dorset, BH21 3HH and the registered office address is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH.

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 represents amounts receivable, excluding value added tax, in respect of events and franchisee income in respect of photo booth bookings and the sale of franchises. Turnover is recognised as soon as the goods/services have been provided to the customer.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

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

-

25% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Financial instruments

Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4.	Intangible fixed assets

Other

intangible

assets

£

Cost

At 1 January 2024

and 31 December 2024

12,170

Amortisation

At 1 January 2024

4,269

Charge for year

1,217

At 31 December 2024

5,486

Net book value

At 31 December 2024

6,684

At 31 December 2023

7,901

5.	Tangible fixed assets

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

Cost

At 1 January 2024

28,527

1,720

1,850

8,687

40,784

Additions

10,311

-

-

-

10,311

At 31 December 2024

38,838

1,720

1,850

8,687

51,095

Depreciation

At 1 January 2024

17,603

1,537

1,700

5,661

26,501

Charge for year

6,987

46

37

756

7,826

At 31 December 2024

24,590

1,583

1,737

6,417

34,327

Net book value

At 31 December 2024

14,248

137

113

2,270

16,768

At 31 December 2023

10,924

183

150

3,026

14,283

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

13,034

2,774

Other debtors

-

504

Directors' current accounts

19,927

16,391

32,961

19,669

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts

5,341

5,107

Trade creditors

3,503

3,983

Tax

5,042

122

Social security and other taxes

745

318

VAT

5,076

4,567

Other creditors

8,842

139

Accruals and deferred income

2,700

3,000

31,249

17,236

8.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Bank loans - 1-2 years

5,575

5,341

Bank loans - 2-5 years

18,129

17,427

Bank loans more 5 yr by instal

5,960

12,237

29,664

35,005

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

5,960

12,237

9.	Leasing agreements

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

2024

2023

£

£

Within one year

6,300

6,000

10.	Provisions for liabilities

2024

2023

£

£

Deferred tax

3,036

2,531

Deferred

tax

£

Balance at 1 January 2024

2,531

Provided during year

505

Balance at 31 December 2024

3,036

11.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

£1

2

2

12.	Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mrs K Johnson

Balance outstanding at start of year

16,391

15,687

Amounts advanced

30,036

12,470

Amounts repaid

(26,500

)

(11,766

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

19,927

16,391

At the balance sheet date the Director, Mrs Johnson, owed the company £19,927 (Dec 2023: £16,391). The amount outstanding at the balance sheet date was repaid in full within 9 months of the year end.

13.	Ultimate controlling party

The company is controlled by the director Mrs K Johnson and her partner who between them own 100% of the issued share capital.