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Company Registration No. 11223645 (England and Wales)
City Point Convenience Store Ltd Unaudited accounts for the year ended 28 February 2023
City Point Convenience Store Ltd Unaudited accounts Contents
Page
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City Point Convenience Store Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
501,316 
503,027 
Current assets
Inventories
64,178 
49,364 
Cash at bank and in hand
18,548 
24,776 
82,726 
74,140 
Creditors: amounts falling due within one year
(181,309)
(167,451)
Net current liabilities
(98,583)
(93,311)
Total assets less current liabilities
402,733 
409,716 
Creditors: amounts falling due after more than one year
(401,989)
(431,905)
Net assets/(liabilities)
744 
(22,189)
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
734 
(22,199)
Shareholders' funds
744 
(22,189)
For the year ending 28 February 2023 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 7 July 2023 and were signed on its behalf by
Mr Jeyachandran Shanmuganathan Director Company Registration No. 11223645
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City Point Convenience Store Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
City Point Convenience Store Ltd is a private company, limited by shares, registered in England and Wales, registration number 11223645. The registered office is 53 High Street, Biggleswade, SG18 0JH, United Kingdom.
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.
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:
Motor vehicles
Straight line at 20%
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2022
494,659 
13,948 
- 
508,607 
Additions
- 
- 
1,439 
1,439 
At 28 February 2023
494,659 
13,948 
1,439 
510,046 
Depreciation
At 1 March 2022
- 
5,580 
- 
5,580 
Charge for the year
- 
2,790 
360 
3,150 
At 28 February 2023
- 
8,370 
360 
8,730 
Net book value
At 28 February 2023
494,659 
5,578 
1,079 
501,316 
At 28 February 2022
494,659 
8,368 
- 
503,027 
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City Point Convenience Store Ltd Notes to the Accounts for the year ended 28 February 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
14,459 
14,878 
Taxes and social security
8,594 
2,632 
Other creditors
158,256 
149,941 
181,309 
167,451 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
401,989 
431,905 
7
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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