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Registered Number: 04658310
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 28 February 2023

for

M & L CONVENIENCE STORE LTD

  2023   2022
    £ £   £ £
Fixed assets   368      1,042 
Current assets 146,424      98,110   
Creditors: amount falling due within one year (34,529)     (33,946)  
Net current assets   111,895      64,164 
Total assets less current liabilities   112,263      65,206 
Net assets   112,263      65,206 
 

         
Capital and reserves   112,263      65,206 
 
NOTES TO THE ACCOUNTS

General Information
M & L Convenience Store Ltd is a private company, limited by shares, registered in England and Wales, registration number 04658310, registration address Oldfield House, Buckland Drive Ystrad, Rhondda, Rhondda Cynon Taff, CF40 2TG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 March 2022 1,000    1,000 
Additions  
Disposals  
At 28 February 2023 1,000    1,000 
Amortisation
At 01 March 2022 950    950 
Charge for year 50    50 
On disposals  
At 28 February 2023 1,000    1,000 
Net book values
At 28 February 2023  
At 28 February 2022 50    50 


3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 01 March 2022 19,561    19,561 
Additions  
Disposals  
At 28 February 2023 19,561    19,561 
Depreciation
At 01 March 2022 18,569    18,569 
Charge for year 624    624 
On disposals  
At 28 February 2023 19,193    19,193 
Net book values
Closing balance as at 28 February 2023 368    368 
Opening balance as at 01 March 2022 992    992 


4.

Average number of employees

Average number of employees during the year was 5 (2022 : 5).


For the year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 16 October 2023 and were signed on its behalf by:


--------------------------------
Malcolm Sheppard
Director
1