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REGISTERED NUMBER: 02962615 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

The Store With More Limited

The Store With More Limited (Registered number: 02962615)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Report of the Accountants 2

Statement of Financial Position 3

Notes to the Financial Statements 5


The Store With More Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: S Sheth





SECRETARY: Mrs S A Sheth





REGISTERED OFFICE: Unit 25 Sarum Complex
Salisbury Road
Uxbridge
Middlesex
UB8 2RZ





REGISTERED NUMBER: 02962615 (England and Wales)





ACCOUNTANTS: Integral Associates Limited
Unit 25 Sarum Complex
Salisbury Road
Uxbridge
Middlesex
UB8 2RZ

The Store With More Limited

Report of the Accountants to the Director of
The Store With More Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 March 2023 set out on pages four to thirteen and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Integral Associates Limited
Unit 25 Sarum Complex
Salisbury Road
Uxbridge
Middlesex
UB8 2RZ


10 October 2023

The Store With More Limited (Registered number: 02962615)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 51,471 63,030
Investments 6 10,000 10,000
61,471 73,030

CURRENT ASSETS
Stocks 7 75,108 72,103
Debtors 8 215,870 173,835
Cash at bank and in hand 212,168 372,341
503,146 618,279
CREDITORS
Amounts falling due within one year 9 304,347 344,760
NET CURRENT ASSETS 198,799 273,519
TOTAL ASSETS LESS CURRENT
LIABILITIES

260,270

346,549

PROVISIONS FOR LIABILITIES 3,986 6,023
NET ASSETS 256,284 340,526

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 11 256,282 340,524
SHAREHOLDERS' FUNDS 256,284 340,526

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

The Store With More Limited (Registered number: 02962615)

Statement of Financial Position - continued
31 March 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 October 2023 and were signed by:





S Sheth - Director


The Store With More Limited (Registered number: 02962615)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

The Store With More 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.

Revenue from the provision of goods and all services is only recognised when the amounts to be recognised are fixed and determinable and collectability is reasonably assured.

Revenue from the provision of goods is recognised when the risks and rewards of ownership of goods have been transferred to the customer. The risks and rewards of ownership of goods are deemed to have been transferred when the goods are delivered to, or are picked by the customer.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty 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 each asset over its estimated useful life.
Short leasehold - 2% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

The Store With More Limited (Registered number: 02962615)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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.

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.

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 22 (2022 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 274,500
AMORTISATION
At 1 April 2022
and 31 March 2023 274,500
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

The Store With More Limited (Registered number: 02962615)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2022 175,000 7,432 449,478 14,015 645,925
Additions - - 1,048 - 1,048
At 31 March 2023 175,000 7,432 450,526 14,015 646,973
DEPRECIATION
At 1 April 2022 147,350 7,067 414,686 13,792 582,895
Charge for year 3,500 91 8,960 56 12,607
At 31 March 2023 150,850 7,158 423,646 13,848 595,502
NET BOOK VALUE
At 31 March 2023 24,150 274 26,880 167 51,471
At 31 March 2022 27,650 365 34,792 223 63,030

6. FIXED ASSET INVESTMENTS
Interest
in other
participatin
interests
£   
COST
At 1 April 2022
and 31 March 2023 10,000
NET BOOK VALUE
At 31 March 2023 10,000
At 31 March 2022 10,000

The company owns 33.33% of the issued share capital of Springbridge Corporation Limited. The investment is stated at cost.

7. STOCKS
31.3.23 31.3.22
£    £   
Finished goods 75,108 72,103

The Store With More Limited (Registered number: 02962615)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 155,973 122,724
Amounts owed by related undertakings 11,202 11,202
Other debtors 6,020 6,020
VAT 42,675 32,375
Prepayments - 1,514
215,870 173,835

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 285,227 299,071
Tax - 20,537
Pension control account 982 804
Credit card control account (612 ) 4,973
Net wages 18,183 18,862
Directors' current accounts 567 513
304,347 344,760

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
2 Ordinary shares £1 2 2

11. RESERVES
Retained
earnings
£   

At 1 April 2022 340,524
Deficit for the year (30,242 )
Dividends (54,000 )
At 31 March 2023 256,282

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The Store With More Limited (Registered number: 02962615)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

12. RELATED PARTY DISCLOSURES - continued

Springbridge Corporation Limited
A company in which Mr S Sheth is a shareholder.

The amount owed by Springbridge Corporation Limited at the year end was £11,202 (2022 - £11,2020). It is an unsecured interest free loan and repayable on demand.

13. ULTIMATE CONTROLLING PARTY

There is no single ultimate controlling party.