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REGISTERED NUMBER: NI047946 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Deansbridge Supermarket Limited

Deansbridge Supermarket Limited (Registered number: NI047946)






Contents of the Financial Statements
for the year ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Deansbridge Supermarket Limited

Company Information
for the year ended 31 May 2023







DIRECTORS: D H Cuttle
S D Cuttle





SECRETARY: Mrs G Cuttle





REGISTERED OFFICE: 19a Portadown Road
Armagh
Co. Armagh
BT61 9DF





REGISTERED NUMBER: NI047946 (Northern Ireland)





ACCOUNTANTS: Cleaver Black
Chartered Accountants
Suite 5 Ormeau House
91-97 Ormeau Road
Belfast
Co. Antrim
BT7 1SH

Deansbridge Supermarket Limited (Registered number: NI047946)

Balance Sheet
31 May 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 5,554 16,645
Tangible assets 5 249,568 241,293
255,122 257,938

CURRENT ASSETS
Stocks 6 185,017 158,334
Debtors 7 11,086 16,084
Investments 8 352,556 354,898
Cash at bank and in hand 727,546 447,005
1,276,205 976,321
CREDITORS
Amounts falling due within one year 9 (543,044 ) (407,118 )
NET CURRENT ASSETS 733,161 569,203
TOTAL ASSETS LESS CURRENT
LIABILITIES

988,283

827,141

PROVISIONS FOR LIABILITIES (37,095 ) (22,896 )
NET ASSETS 951,188 804,245

CAPITAL AND RESERVES
Called up share capital 216,000 216,000
Capital redemption reserve 85,000 85,000
Retained earnings 650,188 503,245
SHAREHOLDERS' FUNDS 951,188 804,245

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

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

Deansbridge Supermarket Limited (Registered number: NI047946)

Balance Sheet - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 February 2024 and were signed on its behalf by:




D H Cuttle - Director



S D Cuttle - Director


Deansbridge Supermarket Limited (Registered number: NI047946)

Notes to the Financial Statements
for the year ended 31 May 2023

1. STATUTORY INFORMATION

Deansbridge Supermarket Limited is a private company, limited by shares , registered in Northern Ireland. 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 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 2003, is being amortised evenly over its estimated useful life of twenty 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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Patents & licences
The company acquired a licence to operate an off licence in 2005, and this is being written off over 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 5% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 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 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 balance sheet date.


Deansbridge Supermarket Limited (Registered number: NI047946)

Notes to the Financial Statements - continued
for the year ended 31 May 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2022 - 37 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 221,829 97,500 319,329
AMORTISATION
At 1 June 2022 205,184 97,500 302,684
Charge for year 11,091 - 11,091
At 31 May 2023 216,275 97,500 313,775
NET BOOK VALUE
At 31 May 2023 5,554 - 5,554
At 31 May 2022 16,645 - 16,645

Deansbridge Supermarket Limited (Registered number: NI047946)

Notes to the Financial Statements - continued
for the year ended 31 May 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 June 2022 271,229 764,730 39,803 - 1,075,762
Additions 5,500 811 44,382 21,303 71,996
At 31 May 2023 276,729 765,541 84,185 21,303 1,147,758
DEPRECIATION
At 1 June 2022 158,295 646,200 29,974 - 834,469
Charge for year 23,687 23,868 10,842 5,324 63,721
At 31 May 2023 181,982 670,068 40,816 5,324 898,190
NET BOOK VALUE
At 31 May 2023 94,747 95,473 43,369 15,979 249,568
At 31 May 2022 112,934 118,530 9,829 - 241,293

6. STOCKS
2023 2022
£    £   
Finished goods 185,017 158,334

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,771 10,159
Voucher Control a/c 437 193
Prepayments and accrued income 4,878 5,732
11,086 16,084

8. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Rathbones investments 241,922 243,351
Prudential bond 110,634 111,547
352,556 354,898

Deansbridge Supermarket Limited (Registered number: NI047946)

Notes to the Financial Statements - continued
for the year ended 31 May 2023

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 401,077 256,528
Tax 58,031 63,891
Social security and other taxes 22,272 12,255
VAT 29,568 28,418
Other creditors - Paypoint 5,240 1,147
Other creditors - Charity Dona 1,000 44
Other creditors - Plastic bags 1,496 2,175
Directors' current accounts 19,050 37,350
Accrued expenses 5,310 5,310
543,044 407,118