REGISTERED NUMBER: 09293477 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

SM Direct (Retail) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Director:

Mr S Majid

Registered office:

Library Chambers

48 Union Street

Hyde

Cheshire

SK14 1ND

Registered number:

09293477 (England and Wales)

Accountants:

Allen Mills Howard & Co

Library Chambers

48 Union Street

Hyde

Cheshire

SK14 1ND

Fixed assets

Tangible assets

4

18,648

24,097

Current assets

Stocks

50,917

60,821

Debtors

5

297,858

278,858

Cash at bank

130,035

196,448

478,810

536,127

Creditors

Amounts falling due within one year

6

231,765

296,243

Net current assets

247,045

239,884

Total assets less current liabilities

265,693

263,981

Creditors

Amounts falling due after more than one year

7

(17,473

)

(21,247

)

Provisions for liabilities

(3,543

)

(4,578

)

Net assets

244,677

238,156

Capital and reserves

Called up share capital

8

150

150

Retained earnings

244,527

238,006

Shareholders' funds

244,677

238,156

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 July 2026 and were signed by:

Mr S Majid - Director

1.	Statutory information

SM Direct (Retail) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Accounting policies

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	Employees and directors

The average number of employees during the year was 1 (2024 - 1 ) .

4.	Tangible fixed assets

Motor

Computer

vehicles

equipment

Totals

£

£

£

Cost

At 1 December 2024

31,330

1,362

32,692

Additions

-

833

833

At 30 November 2025

31,330

2,195

33,525

Depreciation

At 1 December 2024

7,833

762

8,595

Charge for year

5,874

408

6,282

At 30 November 2025

13,707

1,170

14,877

Net book value

At 30 November 2025

17,623

1,025

18,648

At 30 November 2024

23,497

600

24,097

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

55,535

43,616

Other debtors

242,323

235,242

297,858

278,858

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Hire purchase contracts

4,774

4,774

Trade creditors

217,375

281,581

Taxation and social security

8,541

3,840

Other creditors

1,075

6,048

231,765

296,243

7.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Hire purchase contracts

17,473

21,247

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

10

Ordinary A

£1

10

10

10

Ordinary B

£1

10

10

10

Ordinary C

£1

10

10

10

Ordinary D

£1

10

10

10

Ordinary E

£1

10

10

150

150