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REGISTERED NUMBER: 04372307 (England and Wales)













Unaudited Financial Statements

for the Period 1 May 2022 to 29 April 2023

for

B & S Superstores Limited

B & S Superstores Limited (Registered number: 04372307)






Contents of the Financial Statements
for the Period 1 May 2022 to 29 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B & S Superstores Limited

Company Information
for the Period 1 May 2022 to 29 April 2023







DIRECTORS: B S Aujla
B K Aujla
K Aujla
J Aujla
A Aujla





SECRETARY: K Aujla





REGISTERED OFFICE: Flat Above B & S Superstores Limited
Co-operative Terrace
Houghton le Spring
Tyne and Wear
DH4 6AE





REGISTERED NUMBER: 04372307 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Kepier House
Belmont Business Park
Durham
DH1 1TW

B & S Superstores Limited (Registered number: 04372307)

Balance Sheet
29 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 73,804 92,806
73,804 92,806

CURRENT ASSETS
Stocks 228,413 263,386
Debtors 6 56,111 116,571
Cash in hand 75,141 54,238
359,665 434,195
CREDITORS
Amounts falling due within one year 7 348,585 388,095
NET CURRENT ASSETS 11,080 46,100
TOTAL ASSETS LESS CURRENT
LIABILITIES

84,884

138,906

CREDITORS
Amounts falling due after more than one
year

8

(21,594

)

(38,770

)

PROVISIONS FOR LIABILITIES 10 (3,229 ) -
NET ASSETS 60,061 100,136

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 59,061 99,136
SHAREHOLDERS' FUNDS 60,061 100,136

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 April 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 April 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.

B & S Superstores Limited (Registered number: 04372307)

Balance Sheet - continued
29 April 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 April 2024 and were signed on its behalf by:





K Aujla - Director


B & S Superstores Limited (Registered number: 04372307)

Notes to the Financial Statements
for the Period 1 May 2022 to 29 April 2023

1. STATUTORY INFORMATION

B & S Superstores 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

The financial statements are prepared to the last Sunday of the year that falls before the 29 April 2023. The financial statements cover the period 25 April 2022 to 23 April 2023.

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

Income recognition
Revenue from the sale of goods is recognised at the point of sale.

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.

Goodwill has been amortised over its estimated useful life of 20 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 10 - 33% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Stocks
Stocks are valued at the lower of cost and selling price less estimated costs to sell, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


B & S Superstores Limited (Registered number: 04372307)

Notes to the Financial Statements - continued
for the Period 1 May 2022 to 29 April 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 period 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 period was 30 (2022 - 33 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 29 April 2023 7,885
AMORTISATION
At 1 May 2022
and 29 April 2023 7,885
NET BOOK VALUE
At 29 April 2023 -
At 30 April 2022 -

B & S Superstores Limited (Registered number: 04372307)

Notes to the Financial Statements - continued
for the Period 1 May 2022 to 29 April 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2022 679,682
Additions 6,016
At 29 April 2023 685,698
DEPRECIATION
At 1 May 2022 586,876
Charge for period 25,018
At 29 April 2023 611,894
NET BOOK VALUE
At 29 April 2023 73,804
At 30 April 2022 92,806

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 44,565 91,633
Prepayments and accrued income 11,546 24,938
56,111 116,571

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 113,024 119,179
Trade creditors 157,022 200,145
Taxation and social security 20,631 5,714
Other creditors 7,362 10,460
Directors' current accounts 34,940 5,570
Accruals and deferred income 15,606 47,027
348,585 388,095

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,225 17,176
Bank loans - 2-5 years 11,369 21,594
21,594 38,770

B & S Superstores Limited (Registered number: 04372307)

Notes to the Financial Statements - continued
for the Period 1 May 2022 to 29 April 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 95,662 88,281
Bank loans 7,389 28,649
103,051 116,930

Bank loans and overdrafts are secured on the undertaking of all property and assets present and future of the company.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 3,229 -

Deferred
tax
£   
Accelerated capital allowances 3,229
Balance at 29 April 2023 3,229

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions conducted at a market rate.

There were no related party transactions other than those concluded under normal market conditions, except for those shown below.

2023 2022
£ £
Amounts due to directors 34,940 5,570
No interest has been charged.