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REGISTERED NUMBER: 00222504 (England and Wales)
















ROOMES STORES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

30 JANUARY 2022 TO 28 JANUARY 2023






ROOMES STORES LIMITED (REGISTERED NUMBER: 00222504)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 JANUARY 2022 TO 28 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROOMES STORES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 30 JANUARY 2022 TO 28 JANUARY 2023







DIRECTORS: S. J. Roome
M. D. Roome





REGISTERED OFFICE: 22 - 24 Station Road
Upminster
Essex
RM14 2UB





REGISTERED NUMBER: 00222504 (England and Wales)





ACCOUNTANTS: CR Bland Baker Limited
Chartered Accountants
21 Lodge Lane
Grays
Essex
RM17 5RY

ROOMES STORES LIMITED (REGISTERED NUMBER: 00222504)

BALANCE SHEET
28 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,521,769 6,612,154

CURRENT ASSETS
Stocks 1,062,918 957,642
Debtors 5 102,253 110,902
Cash at bank and in hand 363,713 833,398
1,528,884 1,901,942
CREDITORS
Amounts falling due within one year 6 1,397,810 1,780,068
NET CURRENT ASSETS 131,074 121,874
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,652,843

6,734,028

CREDITORS
Amounts falling due after more than one
year

7

(950,696

)

(1,032,966

)

PROVISIONS FOR LIABILITIES (83,500 ) (77,000 )
NET ASSETS 5,618,647 5,624,062

CAPITAL AND RESERVES
Called up share capital 668,180 668,180
Capital redemption reserve 29,820 29,820
Retained earnings 4,920,647 4,926,062
SHAREHOLDERS' FUNDS 5,618,647 5,624,062

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 January 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ROOMES STORES LIMITED (REGISTERED NUMBER: 00222504)

BALANCE SHEET - continued
28 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by:





M. D. Roome - Director


ROOMES STORES LIMITED (REGISTERED NUMBER: 00222504)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 JANUARY 2022 TO 28 JANUARY 2023

1. STATUTORY INFORMATION

Roomes 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property-2% straight line
Fixtures and fittings-15% on reducing balance
Motor vehicles-25% on reducing balance
Electronic Till System and similar
high technology equipment-20% and 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.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.


ROOMES STORES LIMITED (REGISTERED NUMBER: 00222504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 JANUARY 2022 TO 28 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 balance sheet 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 period 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
Rentals paid under operating leases are charged to the profit and loss as incurred.

Assets obtained under hire purchase contracts are capitalised in the balance sheet and are depreciated over their estimated useful lives.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 42 (2022 - 45 ) .

ROOMES STORES LIMITED (REGISTERED NUMBER: 00222504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 JANUARY 2022 TO 28 JANUARY 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 30 January 2022 7,854,196 1,938,389 9,792,585
Additions - 76,732 76,732
Disposals - (31,106 ) (31,106 )
At 28 January 2023 7,854,196 1,984,015 9,838,211
DEPRECIATION
At 30 January 2022 1,508,410 1,672,021 3,180,431
Charge for period 106,309 59,316 165,625
Eliminated on disposal - (29,614 ) (29,614 )
At 28 January 2023 1,614,719 1,701,723 3,316,442
NET BOOK VALUE
At 28 January 2023 6,239,477 282,292 6,521,769
At 29 January 2022 6,345,786 266,368 6,612,154

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 30 January 2022
and 28 January 2023 37,385
DEPRECIATION
At 30 January 2022 16,794
Charge for period 5,148
At 28 January 2023 21,942
NET BOOK VALUE
At 28 January 2023 15,443
At 29 January 2022 20,591

ROOMES STORES LIMITED (REGISTERED NUMBER: 00222504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 JANUARY 2022 TO 28 JANUARY 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 44,831 29,272
Other debtors 57,422 81,630
102,253 110,902

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 89,744 100,229
Hire purchase contracts 8,265 8,265
Trade creditors 928,419 1,300,069
Taxation and social security 159,210 171,777
Other creditors 212,172 199,728
1,397,810 1,780,068

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 763,393 841,481
Hire purchase contracts - 8,265
Other creditors 187,303 183,220
950,696 1,032,966

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 375,838 449,613

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 853,137 941,710
Hire purchase contracts 8,265 16,530
861,402 958,240

Hire purchase contracts are secured on the assets which have been acquired under the agreement.
Bank loans are secured on the company Freehold properties.

ROOMES STORES LIMITED (REGISTERED NUMBER: 00222504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 JANUARY 2022 TO 28 JANUARY 2023

9. RELATED PARTY DISCLOSURES

Controlling party
The company is controlled by the directors who, collectively, hold 45% of the ordinary shares in issue.