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Registered Number: 12679928
England and Wales

 

 

 

LANGTOFT CONVENIENCE STORE LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 July 2022

End date: 30 June 2023
Director Harjinder Kaur
Registered Number 12679928
Registered Office 118 cobden avenue
COBDEN AVENUE
Peterborough
England
PE1 2NU
Accountants ROGER CARNE LTD
118 Cobden Avenue

PETERBOROUGH
PE1 2NU
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 30 June 2023.
Principal activities
Principal activity of the company during the financial year was of retail convenience store.
Director
The director who served the company throughout the year was as follows:
Harjinder Kaur (from 01/07/2020)
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Harjinder Kaur
Director

Date approved: 29 March 2024
2
Accountant’s report
You consider that the company is exempt from an audit for the year ended 30 June 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
ROGER CARNE LTD
30 June 2023



....................................................
ROGER CARNE LTD
118 Cobden Avenue

PETERBOROUGH
PE1 2NU
29 March 2024
3
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Intangible fixed assets 3 54,873    54,873 
Tangible fixed assets 4 21,107    15,771 
75,980    70,644 
Current assets      
Stocks 5 35,000    20,000 
Debtors 6 9,136    6,889 
Cash at bank and in hand 18,399    62,070 
62,535    88,959 
Creditors: amount falling due within one year 7 (26,213)   (56,570)
Net current assets 36,322    32,389 
 
Total assets less current liabilities 112,302    103,033 
Creditors: amount falling due after more than one year 8   1,286 
Net assets 112,302    104,319 
 

Capital and reserves
     
Called up share capital 50,000    50,000 
Profit and loss account 62,302    54,319 
Shareholder's funds 112,302    104,319 
 


For the year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 29 March 2024 and were signed by:


-------------------------------
Harjinder Kaur
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 July 2021 50,000  52,156  102,156 
Profit for the year 2,163  2,163 
Total comprehensive income for the year 2,163  2,163 
Total investments by and distributions to owners
At 30 June 2022 50,000  54,319  104,319 
At 01 July 2022 50,000  54,319  104,319 
Profit for the year 7,983  7,983 
Total comprehensive income for the year 7,983  7,983 
Total investments by and distributions to owners
At 30 June 2023 50,000  62,302  112,302 
5
General Information
LANGTOFT CONVENIENCE STORE LTD is a private company, limited by shares, registered in England and Wales, registration number 12679928, registration address 118 cobden avenue, COBDEN AVENUE, Peterborough, England, PE1 2NU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 20 Reducing Balance
Computer Equipment 20 Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 4 (2022 : 4).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 July 2022 54,873    54,873 
Additions  
Disposals  
At 30 June 2023 54,873    54,873 
Amortisation
At 01 July 2022  
Charge for year  
On disposals  
At 30 June 2023  
Net book values
At 30 June 2023 54,873    54,873 
At 30 June 2022 54,873    54,873 


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 July 2022 3,034    24,885    27,919 
Additions 5,680    2,150    7,830 
Disposals   (2,409)   (2,409)
At 30 June 2023 8,714    24,626    33,340 
Depreciation
At 01 July 2022 762    11,495    12,257 
Charge for year   1    1 
On disposals   (25)   (25)
At 30 June 2023 762    11,471    12,233 
Net book values
Closing balance as at 30 June 2023 7,952    13,155    21,107 
Opening balance as at 01 July 2022 2,272    13,499    15,771 


5.

Stocks

2023
£
  2022
£
Stocks 35,000    20,000 
35,000    20,000 

6.

Debtors: amounts falling due within one year

2023
£
  2022
£
Director: Harjinder Kaur 25   
VAT 9,111    6,889 
9,136    6,889 

7.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 29,170    36,470 
BOUNCE BACK BUSINESS BANK LOAN 7,511    8,684 
Corporation Tax 1,044    2,426 
Advance Paid (12,993)  
Other Creditors 1    2 
Wages & Salaries Control Account   2,846 
Landlord Loan   3,000 
Directors' Current Accounts 1,480    3,142 
26,213    56,570 

8.

Creditors: amount falling due after more than one year

2023
£
  2022
£
HARJINDER LOAN   (1,286)
  (1,286)

6