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REGISTERED NUMBER: 01012599 (England and Wales)




Unaudited Financial Statements

for the Year Ended 24 May 2023

for

THE SOUTHEND CHRISTIAN BOOKSHOP LIMITED

THE SOUTHEND CHRISTIAN BOOKSHOP LIMITED (REGISTERED NUMBER: 01012599)






Contents of the Financial Statements
for the Year Ended 24 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE SOUTHEND CHRISTIAN BOOKSHOP LIMITED

Company Information
for the Year Ended 24 May 2023







DIRECTORS: Mr P J Slennett
Mrs M A Slennett





SECRETARY: Mrs M A Slennett





REGISTERED OFFICE: Victoria House
50 Alexandra Street
Southend-on-Sea
Essex
SS1 1BN





REGISTERED NUMBER: 01012599 (England and Wales)





ACCOUNTANTS: Barnard Mountstephens Childs Limited
Chartered Certified Accountants
Victoria House
50 Alexandra Street
Southend-on-Sea
Essex
SS1 1BN

THE SOUTHEND CHRISTIAN BOOKSHOP LIMITED (REGISTERED NUMBER: 01012599)

Balance Sheet
24 May 2023

24/5/23 24/5/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 208,000 211,000

CURRENT ASSETS
Stocks 5 42,405 44,217
Debtors 6 1,494 332
Cash at bank and in hand 2,463 1,078
46,362 45,627
CREDITORS
Amounts falling due within one year 7 226,814 219,906
NET CURRENT LIABILITIES (180,452 ) (174,279 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,548

36,721

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 229,722 229,722
Retained earnings (202,274 ) (193,101 )
SHAREHOLDERS' FUNDS 27,548 36,721

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 24 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.

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 21 February 2024 and were signed on its behalf by:





Mr P J Slennett - Director


THE SOUTHEND CHRISTIAN BOOKSHOP LIMITED (REGISTERED NUMBER: 01012599)

Notes to the Financial Statements
for the Year Ended 24 May 2023

1. STATUTORY INFORMATION

The Southend Christian Bookshop 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 as modified by the revaluation of certain assets.

The directors are aware of the current economic climate and are continuing to support the company and trade within the agreed company's banking facilities.

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore the going concern basis of accounting in preparing the annual financial statements continues to be adopted.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Short leasehold - over the period of the lease
Fixtures and fittings - 10% 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.

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 7 (2022 - 8 ) .

THE SOUTHEND CHRISTIAN BOOKSHOP LIMITED (REGISTERED NUMBER: 01012599)

Notes to the Financial Statements - continued
for the Year Ended 24 May 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Short and
property leasehold fittings Totals
£    £    £    £   
COST OR VALUATION
At 25 May 2022
and 24 May 2023 250,000 3,890 52,368 306,258
DEPRECIATION
At 25 May 2022 39,000 3,890 52,368 95,258
Charge for year 3,000 - - 3,000
At 24 May 2023 42,000 3,890 52,368 98,258
NET BOOK VALUE
At 24 May 2023 208,000 - - 208,000
At 24 May 2022 211,000 - - 211,000

Cost or valuation at 24 May 2023 is represented by:

Fixtures
Freehold Short and
property leasehold fittings Totals
£    £    £    £   
Valuation in 2009 213,821 - - 213,821
Cost 36,179 3,890 52,368 92,437
250,000 3,890 52,368 306,258

If freehold property had not been revalued it would have been included at the following historical cost:

24/5/23 24/5/22
£    £   
Cost 36,179 36,179
Aggregate depreciation 42,000 39,000

Value of land in freehold land and buildings 100,000 100,000

Freehold property was valued on an open market basis on 28 October 2009 by Sorrell Estates, Chartered Surveyors .

5. STOCKS
24/5/23 24/5/22
£    £   
Stocks 42,405 44,217

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
24/5/23 24/5/22
£    £   
Trade debtors 1,494 332

THE SOUTHEND CHRISTIAN BOOKSHOP LIMITED (REGISTERED NUMBER: 01012599)

Notes to the Financial Statements - continued
for the Year Ended 24 May 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
24/5/23 24/5/22
£    £   
Bank loans and overdrafts - 663
Trade creditors 8,210 8,516
Social security and other taxes 180 236
VAT 380 794
Sundry creditors 899 2,251
Pension 50 43
Directors' loan account 214,800 204,800
Accrued expenses 2,295 2,603
226,814 219,906

8. RESERVES
Revaluation
reserve
£   
At 25 May 2022
and 24 May 2023 229,722