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REGISTERED NUMBER: 04919381 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

THESTORE LIMITED

THESTORE LIMITED (REGISTERED NUMBER: 04919381)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THESTORE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTOR: S J Glanville



SECRETARY: J H Mckee



REGISTERED OFFICE: Riverside House
River Lane
Saltney
Chester
Cheshire
CH4 8RQ



REGISTERED NUMBER: 04919381 (England and Wales)



ACCOUNTANTS: M. D. Coxey and Co. Limited
Chartered Accountants
25 Grosvenor Road
Wrexham
LL11 1BT



BANKERS: Barclays Bank plc
51-52 Hope Street
Wrexham
LL11 1BB

THESTORE LIMITED (REGISTERED NUMBER: 04919381)

BALANCE SHEET
31ST MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 37,435 28,434
37,435 28,434

CURRENT ASSETS
Stocks 6 364,135 436,403
Debtors 7 80,236 152,946
Cash at bank and in hand 257,858 208,140
702,229 797,489
CREDITORS
Amounts falling due within one year 8 374,701 327,135
NET CURRENT ASSETS 327,528 470,354
TOTAL ASSETS LESS CURRENT
LIABILITIES

364,963

498,788

CREDITORS
Amounts falling due after more than one
year

9

(23,381

)

(33,333

)

PROVISIONS FOR LIABILITIES - (4,764 )
NET ASSETS 341,582 460,691

CAPITAL AND RESERVES
Called up share capital 10 60,000 60,000
Capital redemption reserve 40,000 40,000
Retained earnings 241,582 360,691
SHAREHOLDERS' FUNDS 341,582 460,691

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

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

THESTORE LIMITED (REGISTERED NUMBER: 04919381)

BALANCE SHEET - continued
31ST 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 Income and Retained Earnings has not been delivered.

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





S J Glanville - Director


THESTORE LIMITED (REGISTERED NUMBER: 04919381)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

TheStore 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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

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.


THESTORE LIMITED (REGISTERED NUMBER: 04919381)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 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 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 19 (2022 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1st April 2022
and 31st March 2023 2,000 1,061 3,061
AMORTISATION
At 1st April 2022
and 31st March 2023 2,000 1,061 3,061
NET BOOK VALUE
At 31st March 2023 - - -
At 31st March 2022 - - -

THESTORE LIMITED (REGISTERED NUMBER: 04919381)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1st April 2022 2,531 102,101 79,978 184,610
Additions - - 17,403 17,403
Disposals - - (9,160 ) (9,160 )
At 31st March 2023 2,531 102,101 88,221 192,853
DEPRECIATION
At 1st April 2022 2,531 91,557 62,088 156,176
Charge for year - 2,636 5,492 8,128
Eliminated on disposal - - (8,886 ) (8,886 )
At 31st March 2023 2,531 94,193 58,694 155,418
NET BOOK VALUE
At 31st March 2023 - 7,908 29,527 37,435
At 31st March 2022 - 10,544 17,890 28,434

6. STOCKS
31.3.23 31.3.22
£    £   
Stocks 364,135 436,403

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 25,162 100,378
Other debtors 8,714 41
Directors' current accounts - 15,900
Tax 29,173 22,376
VAT - 1,493
Prepayments 17,187 12,758
80,236 152,946

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 221,134 294,771
Social security and other taxes 6,874 9,552
Pensions control account 5,360 2,624
VAT 113,149 -
Other creditors 12,596 5,529
Directors' current accounts 50 -
Accrued expenses 5,538 4,659
374,701 327,135

THESTORE LIMITED (REGISTERED NUMBER: 04919381)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 13,381 23,333
23,381 33,333

10. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
60,000 Ordinary £1 60,000 60,000

11. CAPITAL COMMITMENTS
31.3.23 31.3.22
£    £   
Contracted but not provided for in the
financial statements - -

12. ULTIMATE CONTROLLING PARTY

The controlling party is S J Glanville.