SMART PHONE STORE LTD

SMART PHONE STORE LTD
Statement of Financial Position
As at 31 August 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	15,004	18,298
		15,004	18,298
Current assets
Stocks	4	19,700	20,455
Debtors	5	3,075	1,500
Cash at bank and in hand		2,646	1,869
		25,421	23,824
Creditors: amount falling due within one year	6	(29,522)	(14,277)
Net current assets		(4,101)	9,547

Total assets less current liabilities		10,903	27,845
Creditors: amount falling due after more than one year	7	(26,692)	(28,637)
Provisions for liabilities	8	(52)	0
Net assets		(15,841)	(792)

Capital and reserves
Called up share capital		1	1
Profit and loss account		(15,842)	(793)
Shareholders' funds		(15,841)	(792)

For the year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 28 August 2026 and were signed by:

-------------------------------
Muhammad Rizwan Bashir
Director

SMART PHONE STORE LTD
Notes to the Financial Statements
For the year ended 31 August 2025

General Information

SMART PHONE STORE LTD is a private company, limited by shares, registered in England and Wales, registration number 10929933, registration address 588 Roman Road, London, England, E3 5ES.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

2.	Average number of employees Average number of employees during the year was 1 (2024 : 2).

Tangible fixed assets

Cost or valuation	Improvements to property	Total
	£	£
At 01 September 2024	27,213	27,213
Additions	-	-
Disposals	-	-
At 31 August 2025	27,213	27,213
Depreciation
At 01 September 2024	8,915	8,915
Charge for year	3,294	3,294
On disposals	-	-
At 31 August 2025	12,209	12,209
Net book values
Closing balance as at 31 August 2025	15,004	15,004
Opening balance as at 01 September 2024	18,298	18,298

Stocks

	2025 £		2024 £
Stocks	19,700		20,455
	19,700		20,455

Debtors: amounts falling due within one year

	2025 £	2024 £
Prepayments & Accrued Income	1,500	1,500
Other Debtors	1,575	0
	3,075	1,500

Creditors: amount falling due within one year

	2025 £	2024 £
Corporation Tax	1,515	0
PAYE & Social Security	3,402	1,328
Accrued Expenses	654	794
Other Creditors	17,500	(1)
Directors' Current Accounts	6,451	12,156
	29,522	14,277

Creditors: amount falling due after more than one year

	2025 £		2024 £
Bank Loans & Overdrafts	26,692		28,637
	26,692		28,637

Provisions for liabilities

	2025 £		2024 £
Pension Provisions	52		0
	52		0

Registered Number: 10929933
England and Wales
SMART PHONE STORE LTD

Unaudited Financial Statements

Period of accounts Start date: 01 September 2024 End date: 31 August 2025