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REGISTERED NUMBER: 11866684 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

T&S T/A SPAR STORES MONTGOMERY LTD

T&S T/A SPAR STORES MONTGOMERY LTD (REGISTERED NUMBER: 11866684)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

T&S T/A SPAR STORES MONTGOMERY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: Mrs S A Gee
T Gee
A M Craigie
Mrs K E Craigie





REGISTERED OFFICE: Rosemount
The Bank
Newtown
Powys
SY16 2AB





REGISTERED NUMBER: 11866684 (England and Wales)





ACCOUNTANTS: D.R.E & Co. Limited
Chartered Accountants
Rosemount
The Bank
Newtown
Powys
SY16 2AB

T&S T/A SPAR STORES MONTGOMERY LTD (REGISTERED NUMBER: 11866684)

BALANCE SHEET
31 MARCH 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 10,161 8,261

CURRENT ASSETS
Stocks 31,000 33,890
Debtors 6 143,771 1,714
Cash at bank and in hand 4,909 2,511
179,680 38,115
CREDITORS
Amounts falling due within one year 7 65,120 45,824
NET CURRENT ASSETS/(LIABILITIES) 114,560 (7,709 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,721

552

CREDITORS
Amounts falling due after more than one
year

8

(86,979

)

-

PROVISIONS FOR LIABILITIES (2,540 ) (1,570 )
NET ASSETS/(LIABILITIES) 35,202 (1,018 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 35,102 (1,118 )
35,202 (1,018 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

T&S T/A SPAR STORES MONTGOMERY LTD (REGISTERED NUMBER: 11866684)

BALANCE SHEET - continued
31 MARCH 2022


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by:




Mrs K E Craigie - Director



A M Craigie - Director


T&S T/A SPAR STORES MONTGOMERY LTD (REGISTERED NUMBER: 11866684)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

T&S t/a Spar Stores Montgomery Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going Concern

The financial statements have been prepared on a going concern basis as the directors are of the opinion that the company will be able to pay its liabilities as and when they fall due.

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 etc - 10% 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 Income Statement, 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.

T&S T/A SPAR STORES MONTGOMERY LTD (REGISTERED NUMBER: 11866684)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2021 - 12 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021 9,179
Additions 3,029
At 31 March 2022 12,208
DEPRECIATION
At 1 April 2021 918
Charge for year 1,129
At 31 March 2022 2,047
NET BOOK VALUE
At 31 March 2022 10,161
At 31 March 2021 8,261

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Other debtors 143,771 1,714

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts 20,847 -
Trade creditors 22,127 26,568
Taxation and social security 20,446 12,382
Other creditors 1,700 6,874
65,120 45,824

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.22 31.3.21
£    £   
Bank loans 86,979 -

T&S T/A SPAR STORES MONTGOMERY LTD (REGISTERED NUMBER: 11866684)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

9. RELATED PARTY DISCLOSURES

During the year the company has loaned money to a director to a value of £144,134 subsequent repayments have been made of £95,578 at the year end the balance outstanding on the loan was £43,359. Interest has been charged on the loan at HMRC approved rates. Post year end the loan has been fully repaid.

Within Other debtors there is a balance of £99,995 owed by a company with common control.

10. TRANSITION TO FRS 102 SECTION 1A

These are the company's first financial statements prepared in accordance with the provisions of Section 1A "Small Entities" Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland". Previously they were prepared in accordance with FRS 105. The company has prepared its opening balance sheet at the date of transition to FRS 102, which is 01 April 2020.

The transition to FRS 102 Section 1A has resulted in a small number of changes in accounting policies to those used previously, as detailed below:

1 April 2020 31 March 2021

£ £

Shareholders' funds (as previously stated) 100 552

Recognition of deferred tax provision 2020 Nil Nil
Recognition of deferred tax provision 2021 (1,570)

_________ _________
Shareholders' funds (as restated) 100 (1,018)
_________ _________


Exemptions from full retrospective application

The company's accounting policies presented in note 1 have been applied in preparing the financial statements for the year ended 31 March 2022, the comparative information and the opening balance sheet as at the date of transition. Upon transition, the company has applied all the mandatory exceptions from full retrospective application.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
T&S T/A SPAR STORES MONTGOMERY LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of T&S t/a Spar Stores Montgomery Ltd for the year ended 31 March 2022 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of T&S t/a Spar Stores Montgomery Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of T&S t/a Spar Stores Montgomery Ltd and state those matters that we have agreed to state to the Board of Directors of T&S t/a Spar Stores Montgomery Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than T&S t/a Spar Stores Montgomery Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that T&S t/a Spar Stores Montgomery Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of T&S t/a Spar Stores Montgomery Ltd. You consider that T&S t/a Spar Stores Montgomery Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of T&S t/a Spar Stores Montgomery Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






D.R.E & Co. Limited
Chartered Accountants
Rosemount
The Bank
Newtown
Powys
SY16 2AB


15 November 2023