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Company Registration No. 11966163 (England and Wales)
SOOTHILL CONVENIENCE STORE & OFF LICENCE LIMITED Unaudited accounts for the year ended 30 April 2022
SOOTHILL CONVENIENCE STORE & OFF LICENCE LIMITED Statement of financial position as at 30 April 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,590 
17,587 
Current assets
Inventories
14,675 
12,380 
Cash at bank and in hand
47,168 
50,903 
61,843 
63,283 
Creditors: amounts falling due within one year
(39,218)
(27,704)
Net current assets
22,625 
35,579 
Total assets less current liabilities
38,215 
53,166 
Creditors: amounts falling due after more than one year
(32,482)
(50,000)
Provisions for liabilities
Deferred tax
(1,923)
(2,074)
Net assets
3,810 
1,092 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
3,710 
992 
Shareholders' funds
3,810 
1,092 
For the year ending 30 April 2022 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 September 2022 and were signed on its behalf by
Zafar Iqbal Director Company Registration No. 11966163
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SOOTHILL CONVENIENCE STORE & OFF LICENCE LIMITED Notes to the Accounts for the year ended 30 April 2022
1
Statutory information
SOOTHILL CONVENIENCE STORE & OFF LICENCE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11966163. The registered office is 23-25 GRACE LEATHER LANE, SOOTHILL, BATLEY, WF17 6PP, 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:
Plant & machinery
25% on reducing balance
Fixtures & fittings
20% on reducing balance
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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SOOTHILL CONVENIENCE STORE & OFF LICENCE LIMITED Notes to the Accounts for the year ended 30 April 2022
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 May 2021
22,395 
At 30 April 2022
22,395 
Depreciation
At 1 May 2021
4,808 
Charge for the year
1,997 
At 30 April 2022
6,805 
Net book value
At 30 April 2022
15,590 
At 30 April 2021
17,587 
5
Deferred taxation
2022 
2021 
£ 
£ 
Accelerated capital allowances
1,923 
2,074 
2022 
2021 
£ 
£ 
Provision at start of year
2,074 
2,225 
Credited to the profit and loss account
(151)
(151)
Provision at end of year
1,923 
2,074 
6
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
7
Average number of employees
During the year the average number of employees was 3 (2021: 2).
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