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REGISTERED NUMBER: 04332352 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

CAM STORE LIMITED

CAM STORE LIMITED (REGISTERED NUMBER: 04332352)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAM STORE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: Mrs S M Synowiec
Miss A M Synowiec
C M Synowiec





SECRETARY: C M Synowiec





REGISTERED OFFICE: Enterprise Park
Jarman Way
Royston
Hertfordshire
SG8 5HW





REGISTERED NUMBER: 04332352 (England and Wales)





ACCOUNTANTS: Barker Wilkinson Limited
19-21 Middle Row
Stevenage
Hertfordshire
SG1 3AW

CAM STORE LIMITED (REGISTERED NUMBER: 04332352)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 845,458 916,272
Investments 5 124,709 124,709
970,167 1,040,981

CURRENT ASSETS
Stocks 1,150 1,150
Debtors 6 592,346 541,565
Cash at bank and in hand 27,402 31,838
620,898 574,553
CREDITORS
Amounts falling due within one year 7 725,370 684,994
NET CURRENT LIABILITIES (104,472 ) (110,441 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

865,695

930,540

CREDITORS
Amounts falling due after more than one year 8 (132,297 ) (240,485 )

PROVISIONS FOR LIABILITIES (52,656 ) (58,800 )
NET ASSETS 680,742 631,255

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 680,642 631,155
680,742 631,255

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

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

CAM STORE LIMITED (REGISTERED NUMBER: 04332352)

BALANCE SHEET - continued
31 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 24 October 2023 and were signed on its behalf by:




Mrs S M Synowiec - Director



C M Synowiec - Director


CAM STORE LIMITED (REGISTERED NUMBER: 04332352)

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

1. STATUTORY INFORMATION

CAM Store 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.

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.

The director has assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The director has not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date.

On the basis of all the foregoing, the financial statements for the year ended 31st January 2023 have been prepared using the going concern basis of accounting.

Significant judgements and estimates
In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from those estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

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.
Plant and machinery - 10% 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.

CAM STORE LIMITED (REGISTERED NUMBER: 04332352)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The director considers all financial instruments to be basic financial instruments in accordance with paragraph 11 of FRS102. All basic financial instruments including trade and other debtors, cash and cash equivalents, and trade and other creditors, are initially recognised at transaction price and thereafter stated at amortised cost.

Trade and other receivables and payables

Trade and other receivables and payables are measured at amortised cost which approximates to fair value given the short term nature of these assets and liabilities.

Trade receivables are valued at original invoice amount less an allowance for potentially un-collectable debts. Provision is made where there is objective evidence to suggest that the company will not be in a position to collect receivables as they fall due. Bad and Doubtful debts are written off in the profit and loss account on identification.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances held for the purposes of meeting short-term cash commitments.

Taxation
Taxation for the year 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.

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 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.

Leasehold property improvements
The company renewed the lease on the company's business premises for a period of ten years from November 2022. The previous lease was for a period of five years and as such the accounting framework under which the company prepares its financial statements would have had the costs of improvements to the leasehold premises depreciated over the five year life of that lease. However, the director's view has been such that that policy did not reflect a true and fair view, particularly in mind of the fact that the company was then seeking to renew the then existing lease to 15 years and thus have taken the decision to extend the period of depreciation; it is acknowledged that this represents a departure from FRS 102.

CAM STORE LIMITED (REGISTERED NUMBER: 04332352)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit and loss account on a straight line basis over the period of the relevant lease.However, with specific regard to the property lease, the director feels that costs should be reflected in accordance with the incremental step increases stated within the lease, to reflect a more true and fair view.It is acknowledged that this represents a departure from FRS 102.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Short Fixtures
leasehold Plant and and Motor
improvements machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 February 2022 1,244,044 553,801 67,870 93,361 1,959,076
Additions 9,755 21,453 - - 31,208
At 31 January 2023 1,253,799 575,254 67,870 93,361 1,990,284
DEPRECIATION
At 1 February 2022 598,375 313,257 48,561 82,611 1,042,804
Charge for year 44,906 48,467 5,968 2,681 102,022
At 31 January 2023 643,281 361,724 54,529 85,292 1,144,826
NET BOOK VALUE
At 31 January 2023 610,518 213,530 13,341 8,069 845,458
At 31 January 2022 645,669 240,544 19,309 10,750 916,272

Included within the aggregate net book value above of £845,458 (2022: £916,272) are assets held under hire purchase contracts with a combined net book value of £229,684 (2022: £237,866) and the depreciation charge for the year in respect of those assets was £8,184 (2022: £5,299).

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Balance brought forward 124,709 124,709

These assets are all held under hire purchase agreements.

CAM STORE LIMITED (REGISTERED NUMBER: 04332352)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 167,346 168,147
Other debtors 425,000 373,418
592,346 541,565

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 72,000 75,750
Trade creditors 27,625 20,375
Taxation and social security 210,914 220,165
Other creditors 414,831 368,704
725,370 684,994

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 55,042 127,042
Other creditors 77,255 113,443
132,297 240,485

9. SECURED DEBTS

At the balance sheet date there was a loan due to NSS Trustees Limited (NSST) with an amount outstanding including accrued interest of £66,268, This is secured by a Debenture created 30th January 2012 in favour NSST and Mr and Mrs Synowiec conveying a fixed charge over all past and future book debts and a floating charge over all assets of the company up to a total value of £150,000.

The loan referred to is included within "other creditors" as per notes 8 and 9.

10. OTHER FINANCIAL COMMITMENTS

At the balance sheet date there were leases in respect of equipment; such commitment aggregated approximately £6,000.

The company has a lease to occupy its business premises and the aggregate rental commitment over the remaining period is £3,272,500.