REGISTERED NUMBER: 11433391 (England and Wales)

A. G. SMILES LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs Z H Alsafi

REGISTERED OFFICE:

6 Carlisle Parade

Carlisle Parade

Hastings

East Sussex

TN34 1JG

REGISTERED NUMBER:

11433391 (England and Wales)

ACCOUNTANTS:

Spurling Cannon

King Arthur's Court

Maidstone Road

Charing

Kent

TN27 0JS

FIXED ASSETS

Intangible assets

4

16,000

20,000

Tangible assets

5

64,776

74,073

80,776

94,073

CURRENT ASSETS

Debtors

6

-

52,236

Cash at bank

58,858

16,912

58,858

69,148

CREDITORS

Amounts falling due within one year

7

(82,805

)

(132,243

)

NET CURRENT LIABILITIES

(23,947

)

(63,095

)

TOTAL ASSETS LESS CURRENT LIABILITIES

56,829

30,978

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

56,827

30,976

SHAREHOLDERS' FUNDS

56,829

30,978

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 December 2025 and were signed by:

Mrs Z H Alsafi - Director

1.	STATUTORY INFORMATION

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

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixture & Fittings

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

40,000

AMORTISATION

At 1 April 2024

20,000

Charge for year

4,000

At 31 March 2025

24,000

NET BOOK VALUE

At 31 March 2025

16,000

At 31 March 2024

20,000

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Fixture &

Computer

property

machinery

Fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

90,399

40,739

2,963

4,843

138,944

Additions

-

-

531

209

740

At 31 March 2025

90,399

40,739

3,494

5,052

139,684

DEPRECIATION

At 1 April 2024

31,901

28,317

945

3,708

64,871

Charge for year

5,850

3,106

637

444

10,037

At 31 March 2025

37,751

31,423

1,582

4,152

74,908

NET BOOK VALUE

At 31 March 2025

52,648

9,316

1,912

900

64,776

At 31 March 2024

58,498

12,422

2,018

1,135

74,073

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

-

48,036

Prepayments and accrued income

-

4,200

-

52,236

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

2,417

Corporation Tax

38,748

15,731

Social security and other taxes

57

(3

)

Pension

-

(265

)

Directors' current accounts

-

89,363

Accrued expenses

44,000

25,000

82,805

132,243

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

1

2

2

9.

RESERVES

Retained

earnings

£

At 1 April 2024

30,976

Profit for the year

113,616

Dividends

(87,765

)

At 31 March 2025

56,827