Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Mr R Marcus 06/07/2009 Mrs J Marcus 15/02/2010 Mr T Marcus 16/04/2019 01 December 2025 The principal activity of the company during the financial year was the provision of telecommunications services. 06952536 2024-12-31 06952536 bus:Director1 2024-12-31 06952536 bus:Director2 2024-12-31 06952536 bus:Director3 2024-12-31 06952536 2023-12-31 06952536 core:CurrentFinancialInstruments 2024-12-31 06952536 core:CurrentFinancialInstruments 2023-12-31 06952536 core:Non-currentFinancialInstruments 2024-12-31 06952536 core:Non-currentFinancialInstruments 2023-12-31 06952536 core:ShareCapital 2024-12-31 06952536 core:ShareCapital 2023-12-31 06952536 core:RetainedEarningsAccumulatedLosses 2024-12-31 06952536 core:RetainedEarningsAccumulatedLosses 2023-12-31 06952536 core:ComputerEquipment 2023-12-31 06952536 core:ComputerEquipment 2024-12-31 06952536 2024-01-01 2024-12-31 06952536 bus:FilletedAccounts 2024-01-01 2024-12-31 06952536 bus:SmallEntities 2024-01-01 2024-12-31 06952536 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 06952536 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06952536 bus:Director1 2024-01-01 2024-12-31 06952536 bus:Director2 2024-01-01 2024-12-31 06952536 bus:Director3 2024-01-01 2024-12-31 06952536 core:ComputerEquipment 2024-01-01 2024-12-31 06952536 2023-01-01 2023-12-31 06952536 core:Non-currentFinancialInstruments 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Company No: 06952536 (England and Wales)

# SMILE TELECOMS LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH THE REGISTRAR

SMILE TELECOMS LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024

Contents

SMILE TELECOMS LIMITED

## COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
SMILE TELECOMS LIMITED

## COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024

DIRECTORS | Mr R Marcus
| Mrs J Marcus
| Mr T Marcus

REGISTERED OFFICE | 253 Heywood Road
| Prestwich
| Manchester
| England
| M25 2QP
| United Kingdom

COMPANY NUMBER | 06952536 (England and Wales)

CHARTERED ACCOUNTANTS | PM+M Solutions for Business LLP
| New Century House
| Greenbank Technology Park
| Challenge Way
| Blackburn
| BB1 5QB

SMILE TELECOMS LIMITED

## BALANCE SHEET

AS AT 31 DECEMBER 2024
SMILE TELECOMS LIMITED

## BALANCE SHEET (continued)

AS AT 31 DECEMBER 2024

| Note | 2024 |  | 2023
|  | £ |  | £
|  |  |  | Restated - note 2
Fixed assets |  |  |  |
Tangible assets | 4 | 8,530 |  | 6,446
|  | 8,530 |  | 6,446
Current assets |  |  |  |
Stocks |  | 97,686 |  | 169,500
Debtors | 5 | 85,733 |  | 19,983
Cash at bank and in hand |  | 234,385 |  | 107,660
|  | 417,804 |  | 297,143
Creditors: amounts falling due within one year | 6 | ( 407,163) |  | ( 375,332)
Net current assets/(liabilities) |  | 10,641 |  | (78,189)
Total assets less current liabilities |  | 19,171 |  | (71,743)
Creditors: amounts falling due after more than one year | 7 | ( 15,528) |  | ( 19,040)
Provision for liabilities |  | ( 2,133) |  | ( 1,637)
Net assets/(liabilities) |  | 1,510 |  | ( 92,420)
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Profit and loss account |  | 1,410 |  | ( 92,520 )
Total shareholders' funds/(deficit) |  | 1,510 |  | ( 92,420)

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

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Smile Telecoms Limited (registered number: 06952536) were approved and authorised for issue by the Board of Directors on 01 December 2025. They were signed on its behalf by:

Mr R Marcus Director |

SMILE TELECOMS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
SMILE TELECOMS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Smile Telecoms Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 253 Heywood Road, Prestwich, Manchester, England, M25 2QP, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### 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 and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Computer equipment | 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
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.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Defined contribution plans

Contributions to defined contribution plans are recognised as an expenses in the period in which the related service is provided. Prepaid contributions are recognised as an asset to extent that the prepayment will lead to a reduction in future payments or cash refund.

#### 2. Prior year adjustment

During the year, the company reviewed its revenue recognition policy for upfront commission received. Previously, such commission was recognised in full when received. Following this review, the company has determined that recognising commission over the period in which related services are provided gives a more appropriate presentation of income in accordance with FRS 102.

As a result, upfront commission income is now deferred and recognised over the expected service period. This change in accounting policy has been applied retrospectively, and the comparative figures have been restated accordingly.

|  | As previously reported |  | Adjustment |  | As restated
Year ended 31 December 2023 |  | £ |  | £ |  | £
Deferred Income |  | 0 |  | 221,041 |  | 221,041
Net Assets |  | 152,661 |  | (221,041) |  | (68,380)

#### 3. Employees

| 2024 |  | 2023
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 6 |  | 4

#### 4. Tangible assets

| Computer equipment |  | Total
| £ |  | £
Cost |  |  |
At 01 January 2024 | 50,774 |  | 50,774
Additions | 3,541 |  | 3,541
At 31 December 2024 | 54,315 |  | 54,315
Accumulated depreciation |  |  |
At 01 January 2024 | 44,328 |  | 44,328
Charge for the financial year | 1,457 |  | 1,457
At 31 December 2024 | 45,785 |  | 45,785
Net book value |  |  |
At 31 December 2024 | 8,530 |  | 8,530
At 31 December 2023 | 6,446 |  | 6,446

#### 5. Debtors

| 2024 |  | 2023
| £ |  | £
Trade debtors | 14,385 |  | 11,781
Corporation tax | 15,260 |  | 0
Other debtors | 56,088 |  | 8,202
| 85,733 |  | 19,983

#### 6. Creditors: amounts falling due within one year

| 2024 |  | 2023
| £ |  | £
Bank loans | 2,992 |  | 3,090
Trade creditors | 29,665 |  | 57,054
Corporation tax | 0 |  | 24,040
Other taxation and social security | 54,021 |  | 18,227
Other creditors | 320,485 |  | 272,921
| 407,163 |  | 375,332

#### 7. Creditors: amounts falling due after more than one year

| 2024 |  | 2023
| £ |  | £
Bank loans | 15,528 |  | 19,040

There are no amounts included above in respect of which any security has been given by the small entity.