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Company Registration No. 11046393 (England and Wales)
Withington Discount Store Ltd Unaudited accounts for the year ended 31 October 2023
Withington Discount Store Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,101 
9,338 
Current assets
Inventories
85,645 
98,070 
Cash at bank and in hand
61,465 
60,370 
147,110 
158,440 
Creditors: amounts falling due within one year
(134,408)
(150,886)
Net current assets
12,702 
7,554 
Net assets
19,803 
16,892 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
19,703 
16,792 
Shareholders' funds
19,803 
16,892 
For the year ending 31 October 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 27 May 2024 and were signed on its behalf by
Mohammed Azim Director Company Registration No. 11046393
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Withington Discount Store Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Withington Discount Store Ltd is a private company, limited by shares, registered in England and Wales, registration number 11046393. The registered office is CONSTABLE HOUSE UNIT A-B, COPSON STREET, MANCHESTER, M20 3HB, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
20% on reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Withington Discount Store Ltd Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 November 2022
18,110 
At 31 October 2023
18,110 
Depreciation
At 1 November 2022
8,772 
Charge for the year
2,237 
At 31 October 2023
11,009 
Net book value
At 31 October 2023
7,101 
At 31 October 2022
9,338 
5
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
6
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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