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Company Registration No. 13520752 (England and Wales)
S&M SWEETS LIMITED Unaudited accounts for the year ended 31 July 2025
S&M SWEETS LIMITED Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
8,933
11,166
Current assets
Inventories
25,750
26,445
Debtors
91,113
96,839
Cash at bank and in hand
231,068
215,770
347,931
339,054
Creditors: amounts falling due within one year
(170,001)
(200,399)
Net current assets
177,930
138,655
Total assets less current liabilities
186,863
149,821
Provisions for liabilities
Deferred tax
5
(2,233)
(2,791)
Net assets
184,630
147,030
Capital and reserves
Called up share capital
6
100
100
Profit and loss account
184,530
146,930
Shareholders' funds
184,630
147,030
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2025 and were signed on its behalf by
Sayyed Mehmood Ali Shah Director Company Registration No. 13520752
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S&M SWEETS LIMITED Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
S&M SWEETS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13520752. The registered office is UNIT 1 WHETLEY MILLS, THORNTON ROAD, BRADFORD, BD8 8LQ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on reducing balance
Fixtures & fittings
20% on reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
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 accounts. 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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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S&M SWEETS LIMITED Notes to the Accounts for the year ended 31 July 2025
4
Tangible fixed assets
Total
£
Cost or valuation
At 1 August 2024
21,632
At 31 July 2025
21,632
Depreciation
At 1 August 2024
10,466
Charge for the year
2,233
At 31 July 2025
12,699
Net book value
At 31 July 2025
8,933
At 31 July 2024
11,166
5
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
2,233
2,791
2025
2024
£
£
Provision at start of year
2,791
2,651
(Credited)/charged to the profit and loss account
(558)
140
Provision at end of year
2,233
2,791
6
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Average number of employees
During the year the average number of employees was 18 (2024: 17).
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