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REGISTERED NUMBER: 07381080 (England and Wales)















Financial Statements for the Year Ended 29 September 2023

for

J S Convenience Stores Limited

J S Convenience Stores Limited (Registered number: 07381080)






Contents of the Financial Statements
for the Year Ended 29 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

J S Convenience Stores Limited

Company Information
for the Year Ended 29 September 2023







DIRECTORS: Mrs S Paul
J Singh





REGISTERED OFFICE: 58-60A, Seagar Street
West Bromwich
West Midlands
B71 4AN





REGISTERED NUMBER: 07381080 (England and Wales)





ACCOUNTANTS: R S Sohal
Chartered Accountant
Radclyffe House
Hagley Road
Birmingham
West Midlands
B16 8PF

J S Convenience Stores Limited (Registered number: 07381080)

Balance Sheet
29 September 2023

29.9.23 29.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 72,885 83,490
Tangible assets 5 771,945 737,992
Investments 6 31,506 -
876,336 821,482

CURRENT ASSETS
Stocks 243,363 225,000
Debtors 7 1,403,625 1,535,721
Cash at bank and in hand 21,285 34,314
1,668,273 1,795,035
CREDITORS
Amounts falling due within one year 8 803,980 1,033,995
NET CURRENT ASSETS 864,293 761,040
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,740,629

1,582,522

CREDITORS
Amounts falling due after more than
one year

9

62,456

92,456
NET ASSETS 1,678,173 1,490,066

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,678,171 1,490,064
1,678,173 1,490,066

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

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

J S Convenience Stores Limited (Registered number: 07381080)

Balance Sheet - continued
29 September 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 18 January 2024 and were signed on its behalf by:





J Singh - Director


J S Convenience Stores Limited (Registered number: 07381080)

Notes to the Financial Statements
for the Year Ended 29 September 2023

1. STATUTORY INFORMATION

J S Convenience Stores 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 2010, is being amortised evenly over its estimated useful life of fifteen 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.

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 Income Statement, 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.


J S Convenience Stores Limited (Registered number: 07381080)

Notes to the Financial Statements - continued
for the Year Ended 29 September 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 32 (2022 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 30 September 2022
and 29 September 2023 212,100
AMORTISATION
At 30 September 2022 128,610
Charge for year 10,605
At 29 September 2023 139,215
NET BOOK VALUE
At 29 September 2023 72,885
At 29 September 2022 83,490

J S Convenience Stores Limited (Registered number: 07381080)

Notes to the Financial Statements - continued
for the Year Ended 29 September 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 30 September 2022 622,356 620,503 1,242,859
Additions (1 ) 124,950 124,949
Disposals (35,998 ) - (35,998 )
At 29 September 2023 586,357 745,453 1,331,810
DEPRECIATION
At 30 September 2022 45,526 459,341 504,867
Charge for year - 54,998 54,998
At 29 September 2023 45,526 514,339 559,865
NET BOOK VALUE
At 29 September 2023 540,831 231,114 771,945
At 29 September 2022 576,830 161,162 737,992

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 31,506
At 29 September 2023 31,506
NET BOOK VALUE
At 29 September 2023 31,506

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.9.23 29.9.22
£    £   
Amounts owed by associates 1,365,530 1,404,506
Other debtors 38,095 131,215
1,403,625 1,535,721

J S Convenience Stores Limited (Registered number: 07381080)

Notes to the Financial Statements - continued
for the Year Ended 29 September 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.9.23 29.9.22
£    £   
Bank loans and overdrafts 57,567 53,466
Trade creditors 437,280 722,506
Amounts owed to associates 54,000 -
Taxation and social security 190,248 241,023
Other creditors 64,885 17,000
803,980 1,033,995

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.9.23 29.9.22
£    £   
Bank loans 62,456 92,456

J S Convenience Stores Limited

Report of the Accountants to the Directors of
J S Convenience Stores Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 29 September 2023 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






R S Sohal
Chartered Accountant
Radclyffe House
Hagley Road
Birmingham
West Midlands
B16 8PF


18 January 2024