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REGISTERED NUMBER: 11798430 (England and Wales)

















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2023

FOR

D & S STORES LIMITED

D & S STORES LIMITED (REGISTERED NUMBER: 11798430)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


D & S STORES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2023







DIRECTOR: Mr S B Patel





SECRETARY: Mrs J S Patel





REGISTERED OFFICE: 65-66 Caledonian
Tamworth
B77 2ED





REGISTERED NUMBER: 11798430 (England and Wales)





ACCOUNTANTS: Watergates Ltd
109 Coleman Road
Leicester
LE5 4LE

D & S STORES LIMITED (REGISTERED NUMBER: 11798430)

STATEMENT OF FINANCIAL POSITION
31ST JANUARY 2023

31/1/23 31/1/22
Notes £    £   
FIXED ASSETS
Intangible assets 4 156,667 180,167
Tangible assets 5 33,435 33,570
190,102 213,737

CURRENT ASSETS
Stocks 98,251 85,354
Debtors 6 9,109 8,706
Cash at bank and in hand 8,932 14,659
116,292 108,719
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

7

(180,942

)

(164,782

)
NET CURRENT LIABILITIES (64,650 ) (56,063 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

125,452

157,674

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

8

(141,289

)

(157,329

)
NET (LIABILITIES)/ASSETS (15,837 ) 345

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (15,937 ) 245
SHAREHOLDERS' FUNDS (15,837 ) 345

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2023.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st January 2023 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.

D & S STORES LIMITED (REGISTERED NUMBER: 11798430)

STATEMENT OF FINANCIAL POSITION - continued
31ST JANUARY 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11th October 2023 and were signed by:





Mr S B Patel - Director


D & S STORES LIMITED (REGISTERED NUMBER: 11798430)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023


1. STATUTORY INFORMATION

D & S Stores 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.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

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 Income Statement, 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 statement of financial position date.


D & S STORES LIMITED (REGISTERED NUMBER: 11798430)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023


2. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st February 2022
and 31st January 2023 235,000
AMORTISATION
At 1st February 2022 54,833
Charge for year 23,500
At 31st January 2023 78,333
NET BOOK VALUE
At 31st January 2023 156,667
At 31st January 2022 180,167

D & S STORES LIMITED (REGISTERED NUMBER: 11798430)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023


5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st February 2022 35,971 7,100 43,071
Additions 6,118 - 6,118
At 31st January 2023 42,089 7,100 49,189
DEPRECIATION
At 1st February 2022 5,396 4,105 9,501
Charge for year 5,504 749 6,253
At 31st January 2023 10,900 4,854 15,754
NET BOOK VALUE
At 31st January 2023 31,189 2,246 33,435
At 31st January 2022 30,575 2,995 33,570

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st February 2022
and 31st January 2023 7,100
DEPRECIATION
At 1st February 2022 4,105
Charge for year 749
At 31st January 2023 4,854
NET BOOK VALUE
At 31st January 2023 2,246
At 31st January 2022 2,995

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/23 31/1/22
£    £   
Other debtors 9,109 8,706

D & S STORES LIMITED (REGISTERED NUMBER: 11798430)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/23 31/1/22
£    £   
Bank loans and overdrafts 16,223 11,963
Trade creditors 88,502 69,193
Taxation and social security 2,333 7,123
Other creditors 73,884 76,503
180,942 164,782

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/23 31/1/22
£    £   
Bank loans 139,810 154,075
Hire purchase contracts 1,479 3,254
141,289 157,329

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/1/23 31/1/22
value: £    £   
100 Ordinary £1.00 100 100