Sweet Mania Sweets Ltd

	Page
Company Information	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

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Balance Sheet

As At 31 August 2025

Balance Sheet

Registered number: 14321810

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		4,200		4,800
Tangible Assets	5		4,331		6,958

			8,531		11,758
CURRENT ASSETS
Stocks	6	11,994		20,073
Debtors	7	2,188		-
Cash at bank and in hand		6,422		11,373

		20,604		31,446
Creditors: Amounts Falling Due Within One Year	8	(17,841 )		(32,659 )

NET CURRENT ASSETS (LIABILITIES)			2,763		(1,213 )

TOTAL ASSETS LESS CURRENT LIABILITIES			11,294		10,545

PROVISIONS FOR LIABILITIES
Deferred Taxation			(565 )		(362 )

NET ASSETS			10,729		10,183

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			10,728		10,182

SHAREHOLDERS' FUNDS			10,729		10,183

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Sweet Mania Sweets Ltd

Balance Sheet (continued)

As At 31 August 2025

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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Margaret Timms

Director

05/05/2026

The notes on pages 4 to 7 form part of these financial statements.

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Sweet Mania Sweets Ltd

Notes to the Financial Statements

For The Year Ended 31 August 2025

Notes to the Financial Statements

1. General Information

Sweet Mania Sweets Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14321810 . The registered office is DEB House, 19 Middlewoods Way, Wharncliffe Business Park, Carlton, Barnsley, S71 3HR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance
Office Equipment	25% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Sweet Mania Sweets Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 8)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 September 2024	6,000

As at 31 August 2025	6,000

Amortisation
As at 1 September 2024	1,200
Provided during the period	600

As at 31 August 2025	1,800

Net Book Value
As at 31 August 2025	4,200

As at 1 September 2024	4,800

5. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Office Equipment	Total
	£	£	£	£
Cost
As at 1 September 2024	3,400	8,181	374	11,955
Additions	-	729	-	729
Disposals	(3,400 )	-	-	(3,400 )

As at 31 August 2025	-	8,910	374	9,284

Depreciation
As at 1 September 2024	1,488	3,415	94	4,997
Provided during the period	-	1,374	70	1,444
Disposals	(1,488 )	-	-	(1,488 )

As at 31 August 2025	-	4,789	164	4,953

Net Book Value
As at 31 August 2025	-	4,121	210	4,331

As at 1 September 2024	1,912	4,766	280	6,958

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Sweet Mania Sweets Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

6. Stocks

	2025	2024
	£	£
Stock	11,994	20,073

7. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	1,847	-
Cash in Transit	341	-

	2,188	-

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Corporation tax	417	1,638
PAYE Control	1,352	1,238
VAT	4,560	4,788
Wages Control	492	1,316
Pension Control	250	244
Accruals and deferred income	7	3,142
Director's loan account	10,763	20,293

	17,841	32,659

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

10. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Later than one year and not later than five years	44,336	54,291

	44,336	54,291

11. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	1,500	-

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Sweet Mania Sweets Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

12. Related Party Transactions

The company is controlled by Mrs M.Timms, director and shareholder of the company.

The balance on the director's loan account of Mrs M.Timms at 31st August 2025 was £10,763 (2024 - £20,294) due from the company.

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Director	Mrs Margaret Timms

Company Number	14321810

Registered Office	DEB House, 19 Middlewoods Way
	Wharncliffe Business Park
	Carlton
	Barnsley
	S71 3HR

Business	Unit 25 Crossgates Shopping Centre
	Leeds
	West Yorkshire
	LS15 8ET

Accountants	DEB Chartered Accountants
	19 Middlewoods Way
	Carlton
	Barnsley
	South Yorkshire
	S71 3HR