Company registration number 06433130 (England and Wales)
SMART GARMENT PEOPLE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
SMART GARMENT PEOPLE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
SMART GARMENT PEOPLE LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
5,169
4,259
Current assets
Debtors
4
134,337
43,169
Cash at bank and in hand
3,517
25,293
137,854
68,462
Creditors: amounts falling due within one year
5
(140,833)
(53,810)
Net current (liabilities)/assets
(2,979)
14,652
Total assets less current liabilities
2,190
18,911
Creditors: amounts falling due after more than one year
6
(741)
(6,079)
Provisions for liabilities
(1,292)
(1,065)
Net assets
157
11,767
Capital and reserves
Called up share capital
7
1
1
Profit and loss reserves
156
11,766
Total equity
157
11,767

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 2 December 2025
Miss C Rogan
Director
Company Registration No. 06433130
SMART GARMENT PEOPLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Smart Garment People Limited is a private company limited by shares incorporated in England and Wales. The registered office is Mentor House, Ainsworth Street, Blackburn, Lancashire, BB1 6AY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The director is not aware of any material uncertainties affecting the company and considers that the company will have sufficient resources to continue trading for the foreseeable future. As a result the director has continued to adopt the going concern basis in preparing the financial statements.true

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT. The fair value of consideration takes into account trade discounts, settlement discounts, volume rebates and any deferred sales.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% Straight Line
Computer equipment
33.3% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

SMART GARMENT PEOPLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
8,681
Additions
3,629
At 31 March 2025
12,310
Depreciation and impairment
At 1 April 2024
4,422
Depreciation charged in the year
2,719
At 31 March 2025
7,141
Carrying amount
At 31 March 2025
5,169
At 31 March 2024
4,259
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
121,117
43,169
Other debtors
13,220
-
0
134,337
43,169

Other debtors comprise amounts owed by director.

SMART GARMENT PEOPLE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
5,762
6,521
Trade creditors
40
-
0
Taxation and social security
32,501
11,504
Other creditors
102,530
35,785
140,833
53,810

Included within other creditors are accruals and deferred income of £102,530 (202 4 - £1,993).

6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
741
6,079
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1 each
1
1
1
1
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