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Company Registration No. 11001125 (England and Wales)
SHOP NOW LTD Unaudited accounts for the year ended 30 November 2022
SHOP NOW LTD Unaudited accounts Contents
Page
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SHOP NOW LTD Company Information for the year ended 30 November 2022
Director
Jasmeet Singh Malhotra
Company Number
11001125 (England and Wales)
Registered Office
6 QUORN WAY BINLEY COVENTRY CV3 2JU ENGLAND
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SHOP NOW LTD Statement of financial position as at 30 November 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
52,225 
52,225 
Tangible assets
15,780 
15,780 
68,005 
68,005 
Current assets
Inventories
48,971 
26,500 
Debtors
7,513 
- 
Cash at bank and in hand
429 
3,802 
56,913 
30,302 
Creditors: amounts falling due within one year
(77,122)
(40,041)
Net current liabilities
(20,209)
(9,739)
Total assets less current liabilities
47,796 
58,266 
Creditors: amounts falling due after more than one year
(31,168)
(45,018)
Net assets
16,628 
13,248 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
16,626 
13,246 
Shareholders' funds
16,628 
13,248 
For the year ending 30 November 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.
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 30 September 2023 and were signed on its behalf by
Jasmeet Singh Malhotra Director Company Registration No. 11001125
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SHOP NOW LTD Notes to the Accounts for the year ended 30 November 2022
1
Statutory information
SHOP NOW LTD is a private company, limited by shares, registered in England and Wales, registration number 11001125. The registered office is 6 QUORN WAY, BINLEY, COVENTRY, CV3 2JU, 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.
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:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 December 2021
52,225 
At 30 November 2022
52,225 
Amortisation
At 1 December 2021
- 
At 30 November 2022
- 
Net book value
At 30 November 2022
52,225 
At 30 November 2021
52,225 
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SHOP NOW LTD Notes to the Accounts for the year ended 30 November 2022
5
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 December 2021
15,780 
At 30 November 2022
15,780 
Depreciation
At 30 November 2022
- 
Net book value
At 30 November 2022
15,780 
At 30 November 2021
15,780 
6
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Other debtors
7,513 
- 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
(341)
(1,216)
Trade creditors
61,038 
42,366 
Taxes and social security
3,074 
3,076 
Other creditors
440 
440 
Loans from directors
12,911 
(4,625)
77,122 
40,041 
8
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
31,168 
45,018 
9
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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