Company Registration No. 07175666 (England and Wales)
PENNY SAVER STORES LTD
Abridged Accounts
for the year ended 31 March 2023
PENNY SAVER STORES LTD
Statement of financial position
as at 31 March 2023
Tangible assets
30,847
33,311
Inventories
206,000
171,000
Cash at bank and in hand
10,634
3,443
Creditors: amounts falling due within one year
(156,786)
(145,106)
Net current assets
72,731
61,879
Total assets less current liabilities
103,578
95,190
Creditors: amounts falling due after more than one year
(55,000)
(55,000)
Called up share capital
1
1
Profit and loss account
48,577
40,189
Shareholders' funds
48,578
40,190
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 December 2023 and were signed on its behalf by
Najibolah Jalali
Director
Company Registration No. 07175666
PENNY SAVER STORES LTD
Notes to the Accounts
for the year ended 31 March 2023
PENNY SAVER STORES LTD is a private company, limited by shares, registered in England and Wales, registration number 07175666. The registered office is 274-276 WANDSWORTH ROAD, LONDON, SW8 2JR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. 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 accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Total
5
Average number of employees
During the year the average number of employees was 6 (2022: 6).