Registered number
10484164
Little Smarties Limited
Filleted Accounts
30 September 2025
Little Smarties Limited
Registered number: 10484164
Balance Sheet
as at 30 September 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 194,255 216,760
Current assets
Debtors 4 38,129 82,171
Cash at bank and in hand 71,268 14,604
109,397 96,775
Creditors: amounts falling due within one year 5 (114,889) (100,907)
Net current liabilities (5,492) (4,132)
Net assets 188,763 212,628
Capital and reserves
Called up share capital 100 100
Profit and loss account 188,663 212,528
Shareholders' funds 188,763 212,628
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G C Gray
Director
Approved by the board on 30 April 2026
Little Smarties Limited
Notes to the Accounts
for the year ended 30 September 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold property over 20 years (was over the lease term)
Fixtures fittings and equipment over 4 years (was 20% reducing balance)
Computer equipment over 4 years (was 20% reducing balance)
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 42 42
3 Tangible fixed assets
Leasehold property Fixtures fittings and equipment Computer equipment Total
£ £ £ £
Cost
At 1 October 2024 388,513 60,353 1,443 450,309
At 30 September 2025 388,513 60,353 1,443 450,309
Depreciation
At 1 October 2024 174,833 57,273 1,443 233,549
Charge for the year 19,425 3,080 - 22,505
At 30 September 2025 194,258 60,353 1,443 256,054
Net book value
At 30 September 2025 194,255 - - 194,255
At 30 September 2024 213,680 3,080 - 216,760
4 Debtors 2025 2024
£ £
Trade debtors 16,209 60,251
Other debtors 21,920 21,920
38,129 82,171
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 1,996 498
Taxation and social security costs 59,305 45,449
Other creditors 53,588 54,960
114,889 100,907
6 Controlling party
The company is controlled by the directors.
7 Other information
Little Smarties Limited is a private company limited by shares and incorporated in England. Its registered office is:
261 Hatherley Road
Cheltenham
Glos
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