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REGISTERED NUMBER: 11862037 (England and Wales)


Financial Statements for the Year Ended 31 March 2023

for

High Acres Stores Limited

High Acres Stores Limited (Registered number: 11862037)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


High Acres Stores Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr Prakash Jerambhai Patel





REGISTERED OFFICE: 74 Pebworth Grove
Dudley
United Kingdom
DY1 3BQ





REGISTERED NUMBER: 11862037 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

High Acres Stores Limited (Registered number: 11862037)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 30,280 30,269

CURRENT ASSETS
Inventories 23,902 23,475
Debtors 5 430 359
Cash at bank and in hand 35,390 30,212
59,722 54,046
CREDITORS
Amounts falling due within one year 6 22,159 23,775
NET CURRENT ASSETS 37,563 30,271
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,843

60,540

CREDITORS
Amounts falling due after more than one
year

7

16,767

22,059
NET ASSETS 51,076 38,481

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 50,976 38,381
SHAREHOLDERS' FUNDS 51,076 38,481

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

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

High Acres Stores Limited (Registered number: 11862037)

Statement of Financial Position - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 November 2023 and were signed by:





Mr Prakash Jerambhai Patel - Director


High Acres Stores Limited (Registered number: 11862037)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

High Acres 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.

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 represents net sales of invoiced goods and services excluding Value Added Tax.

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 - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2022 49,500
Additions 10,105
At 31 March 2023 59,605
DEPRECIATION
At 1 April 2022 19,231
Charge for year 10,094
At 31 March 2023 29,325
NET BOOK VALUE
At 31 March 2023 30,280
At 31 March 2022 30,269

High Acres Stores Limited (Registered number: 11862037)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 430 359

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 6,669 8,117
Taxation and social security 3,810 3,837
Other creditors 11,680 11,821
22,159 23,775

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 16,767 22,059

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100