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REGISTERED NUMBER: 08905153 (England and Wales)


Financial Statements for the Year Ended 31 March 2023

for

Abercarn Store Ltd

Abercarn Store Ltd (Registered number: 08905153)






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


Abercarn Store Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr Baljit Singh Randhawa
Mrs Manjit Kaur Randhawa





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD





REGISTERED NUMBER: 08905153 (England and Wales)





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

Abercarn Store Ltd (Registered number: 08905153)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 335,350 335,350
Property, plant and equipment 5 9,744 12,992
345,094 348,342

CURRENT ASSETS
Inventories 63,132 52,055
Debtors 6 - 1,287
Cash at bank and in hand 2,009 3,486
65,141 56,828
CREDITORS
Amounts falling due within one year 7 366,297 319,279
NET CURRENT LIABILITIES (301,156 ) (262,451 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,938

85,891

CREDITORS
Amounts falling due after more than one
year

8

31,667

41,667
NET ASSETS 12,271 44,224

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 12,071 44,024
SHAREHOLDERS' FUNDS 12,271 44,224

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 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.

Abercarn Store Ltd (Registered number: 08905153)

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 Board of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by:





Mr Baljit Singh Randhawa - Director


Abercarn Store Ltd (Registered number: 08905153)

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

1. STATUTORY INFORMATION

Abercarn Store 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.

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 value of goods,excluding value added tax.

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.

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 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 335,350
NET BOOK VALUE
At 31 March 2023 335,350
At 31 March 2022 335,350

Abercarn Store Ltd (Registered number: 08905153)

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

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 57,965
DEPRECIATION
At 1 April 2022 44,973
Charge for year 3,248
At 31 March 2023 48,221
NET BOOK VALUE
At 31 March 2023 9,744
At 31 March 2022 12,992

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors - 1,287

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 11,477 -
Trade creditors 1,624 3,640
Taxation and social security 72,558 24,244
Other creditors 280,638 291,395
366,297 319,279

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 31,667 41,667

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
200 Ordinary £1 200 200

Abercarn Store Ltd (Registered number: 08905153)

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

10. RELATED PARTY DISCLOSURES

During the year, the company has paid rent of £16,500 (2022: £16,500) in respect of the business property owned by the director.