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REGISTERED NUMBER: 12033430 (England and Wales)


Financial Statements for the Year Ended 30 June 2023

for

City Road Convenience Store Limited

City Road Convenience Store Limited (Registered number: 12033430)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


City Road Convenience Store Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr Dalil Singh Bedi
Mrs Amarjit Kaur Bedi





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





REGISTERED NUMBER: 12033430 (England and Wales)





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

City Road Convenience Store Limited (Registered number: 12033430)

Statement of Financial Position
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 76,792 76,792
Property, plant and equipment 5 11,219 11,801
88,011 88,593

CURRENT ASSETS
Inventories 52,689 52,455
Debtors 6 11,841 12,010
Cash at bank and in hand 26,015 25,214
90,545 89,679
CREDITORS
Amounts falling due within one year 7 129,176 130,957
NET CURRENT LIABILITIES (38,631 ) (41,278 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,380

47,315

CREDITORS
Amounts falling due after more than one
year

8

20,417

26,562
NET ASSETS 28,963 20,753

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 28,863 20,653
SHAREHOLDERS' FUNDS 28,963 20,753

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

City Road Convenience Store Limited (Registered number: 12033430)

Statement of Financial Position - continued
30 June 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 6 March 2024 and were signed on its behalf by:





Mr Dalil Singh Bedi - Director


City Road Convenience Store Limited (Registered number: 12033430)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

City Road Convenience Store 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.

Turnover
Revenue 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 0, is being amortised evenly over its estimated useful life of nil 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 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 5 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 76,792
NET BOOK VALUE
At 30 June 2023 76,792
At 30 June 2022 76,792

City Road Convenience Store Limited (Registered number: 12033430)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 July 2022 18,564
Additions 3,157
At 30 June 2023 21,721
DEPRECIATION
At 1 July 2022 6,763
Charge for year 3,739
At 30 June 2023 10,502
NET BOOK VALUE
At 30 June 2023 11,219
At 30 June 2022 11,801

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 10,000 10,000
Other debtors 1,841 2,010
11,841 12,010

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 35,022 40,218
Taxation and social security 12,072 10,841
Other creditors 82,082 79,898
129,176 130,957

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 20,417 26,562

City Road Convenience Store Limited (Registered number: 12033430)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary 1 100 100