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REGISTERED NUMBER: 08305485 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2022

for

Great Totham Stores Limited

Great Totham Stores Limited (Registered number: 08305485)

Contents of the Financial Statements
for the Year Ended 30 November 2022










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 7

Great Totham Stores Limited

Company Information
for the Year Ended 30 November 2022







DIRECTOR: Mrs C J Thompson





REGISTERED OFFICE: 6 Wilkin Drive
Tiptree
Essex
CO5 0QP





REGISTERED NUMBER: 08305485 (England and Wales)





ACCOUNTANTS: SP ACCOUNTS CO LIMITED
27 Falcon Close
Rayleigh
Essex
SS6 9BH

Great Totham Stores Limited (Registered number: 08305485)

Statement of Financial Position
30 November 2022

30.11.22 30.11.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 380 2,580
Tangible assets 5 2,403 3,224
2,783 5,804

CURRENT ASSETS
Stocks 5,500 5,400
Debtors 6 266 291
Cash at bank and in hand 2,181 12,147
7,947 17,838
CREDITORS
Amounts falling due within one year 7 18,324 15,541
NET CURRENT (LIABILITIES)/ASSETS (10,377 ) 2,297
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,594

)

8,101

PROVISIONS FOR LIABILITIES - 394
NET (LIABILITIES)/ASSETS (7,594 ) 7,707

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (7,596 ) 7,705
SHAREHOLDERS' FUNDS (7,594 ) 7,707

Great Totham Stores Limited (Registered number: 08305485)

Statement of Financial Position - continued
30 November 2022


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 21 November 2023 and were signed by:





Mrs C J Thompson - Director


Great Totham Stores Limited (Registered number: 08305485)

Notes to the Financial Statements
for the Year Ended 30 November 2022


1. STATUTORY INFORMATION

Great Totham 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.

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 2013, is being amortised evenly over its estimated useful life of ten 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.

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 - 25% on reducing balance
Fixtures and fittings - 10% on cost
Computer equipment - 33% on cost

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 statement of financial position date.


Great Totham Stores Limited (Registered number: 08305485)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2021
and 30 November 2022 22,000
AMORTISATION
At 1 December 2021 19,420
Charge for year 2,200
At 30 November 2022 21,620
NET BOOK VALUE
At 30 November 2022 380
At 30 November 2021 2,580

Great Totham Stores Limited (Registered number: 08305485)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2021
and 30 November 2022 10,931
DEPRECIATION
At 1 December 2021 7,707
Charge for year 821
At 30 November 2022 8,528
NET BOOK VALUE
At 30 November 2022 2,403
At 30 November 2021 3,224

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.22 30.11.21
£    £   
Other debtors 266 291

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.22 30.11.21
£    £   
Trade creditors 7,017 6,110
Taxation and social security 2,451 836
Other creditors 8,856 8,595
18,324 15,541

Great Totham Stores Limited

Report of the Accountants to the Director of
Great Totham Stores Limited


The following reproduces the text of the report prepared for the director 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30 November 2022 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






SP ACCOUNTS CO LIMITED
27 Falcon Close
Rayleigh
Essex
SS6 9BH


21 November 2023