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Company Registration No. 09170436 (England and Wales)
Smiletemple Ltd Unaudited accounts for the year ended 31 August 2025
Smiletemple Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Smiletemple Ltd Company Information for the year ended 31 August 2025
Director
KOZHUHAROV, Plamen Zhivkov
Company Number
09170436 (England and Wales)
Registered Office
85 Tooting High Street London SW17 0SU England
Accountants
Basetax Limited 85 Tooting High Street SW17 0SU
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Smiletemple Ltd Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
65,334
86,524
Tangible assets
5
307,221
321,380
372,555
407,904
Current assets
Inventories
5,750
5,750
Debtors
6
40,190
42,517
Cash at bank and in hand
91,646
111,247
137,586
159,514
Creditors: amounts falling due within one year
7
(48,213)
(43,198)
Net current assets
89,373
116,316
Total assets less current liabilities
461,928
524,220
Creditors: amounts falling due after more than one year
8
(248,486)
(281,946)
Provisions for liabilities
Deferred tax
(15,500)
(20,300)
Net assets
197,942
221,974
Capital and reserves
Called up share capital
100
100
Profit and loss account
197,842
221,874
Shareholders' funds
197,942
221,974
For the year ending 31 August 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 and authorised for issue on 7 January 2025 and were signed on its behalf by
KOZHUHAROV, Plamen Zhivkov Director Company Registration No. 09170436
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Smiletemple Ltd Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
Smiletemple Ltd is a private company, limited by shares, registered in England and Wales, registration number 09170436. The registered office is 85 Tooting High Street, London, SW17 0SU, England.
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:
Land & buildings
0%
Fixtures & fittings
15%
Computer equipment
33%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Smiletemple Ltd Notes to the Accounts for the year ended 31 August 2025
4
Intangible fixed assets
Goodwill
£
Cost
At 1 September 2024
211,898
At 31 August 2025
211,898
Amortisation
At 1 September 2024
125,374
Charge for the year
21,190
At 31 August 2025
146,564
Net book value
At 31 August 2025
65,334
At 31 August 2024
86,524
5
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 September 2024
250,670
124,308
12,676
387,654
Additions
-
1,169
6,106
7,275
At 31 August 2025
250,670
125,477
18,782
394,929
Depreciation
At 1 September 2024
-
57,986
8,288
66,274
Charge for the year
-
17,890
3,544
21,434
At 31 August 2025
-
75,876
11,832
87,708
Net book value
At 31 August 2025
250,670
49,601
6,950
307,221
At 31 August 2024
250,670
66,322
4,388
321,380
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
1,374
1,391
Other debtors
38,816
41,126
40,190
42,517
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
33,936
13,441
Taxes and social security
11,527
26,604
Other creditors
300
362
Accruals
2,450
2,791
48,213
43,198
- 6 -
Smiletemple Ltd Notes to the Accounts for the year ended 31 August 2025
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
248,486
281,946
The bank borrowings are secured by a fixed and floating charge over the assets of the company.
9
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
KOZHUHAROV, Plamen Zhivkov
36,101
710
1,020
35,791
36,101
710
1,020
35,791
10
Average number of employees
During the year the average number of employees was 5 (2024: 4).
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