Somerford Stores Limited 04703126 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is of operating a general store. Trading ceased in December 2019. Digita Accounts Production Advanced 6.30.9574.0 true 04703126 2022-04-01 2023-03-31 04703126 2023-03-31 04703126 core:RetainedEarningsAccumulatedLosses 2023-03-31 04703126 core:ShareCapital 2023-03-31 04703126 core:CurrentFinancialInstruments 2023-03-31 04703126 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 04703126 bus:SmallEntities 2022-04-01 2023-03-31 04703126 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 04703126 bus:FullAccounts 2022-04-01 2023-03-31 04703126 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 04703126 bus:RegisteredOffice 2022-04-01 2023-03-31 04703126 bus:Director1 2022-04-01 2023-03-31 04703126 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04703126 core:FurnitureFittings 2022-04-01 2023-03-31 04703126 countries:EnglandWales 2022-04-01 2023-03-31 04703126 2021-04-01 2022-03-31 04703126 2022-03-31 04703126 core:RetainedEarningsAccumulatedLosses 2022-03-31 04703126 core:ShareCapital 2022-03-31 04703126 core:CurrentFinancialInstruments 2022-03-31 04703126 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 04703126

Somerford Stores Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Somerford Stores Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 3

 

Somerford Stores Limited

(Registration number: 04703126)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

50,876

62,985

Cash at bank and in hand

 

32,646

48,405

 

83,522

111,390

Creditors: Amounts falling due within one year

5

(57,821)

(13,116)

Net assets

 

25,701

98,274

Capital and reserves

 

Called up share capital

100

100

Retained earnings

25,601

98,174

Shareholders' funds

 

25,701

98,274

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 December 2023 and signed on its behalf by:
 

.........................................
Mr DD Patel
Director

 

Somerford Stores Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
180/182 Somerford Road
Christchurch
Dorset
BH23 3QG

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Depreciation

Asset class

Depreciation method and rate

Fixtures and fittings

3 and 5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Somerford Stores Limited

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

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Debtors

Current

2023
£

2022
£

Other debtors

50,876

62,985

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

1,500

1,513

Other creditors

56,321

11,603

57,821

13,116