Company Registration No. 06646417 (England and Wales)
TIDDINGTON CONVENIENCE STORES LIMITED
Unaudited accounts
for the year ended 31 October 2023
TIDDINGTON CONVENIENCE STORES LIMITED
Unaudited accounts
Contents
TIDDINGTON CONVENIENCE STORES LIMITED
Company Information
for the year ended 31 October 2023
Directors
Joanne Myatt
Simon Myatt
Company Number
06646417 (England and Wales)
Registered Office
12 MAIN STREET
TIDDINGTON
STRATFORD-UPON-AVON
WARWICKSHIRE
CV37 7AZ
Accountants
FILAN Accountants Ltd
57 Ely Street
Stratford upon Avon
CV37 6LN
TIDDINGTON CONVENIENCE STORES LIMITED
Statement of financial position
as at 31 October 2023
Intangible assets
15,459
22,972
Tangible assets
131,088
145,143
Cash at bank and in hand
97,953
347,971
Creditors: amounts falling due within one year
(114,648)
(143,809)
Net current assets
91,456
352,876
Total assets less current liabilities
238,003
520,991
Creditors: amounts falling due after more than one year
(223,445)
(272,086)
Called up share capital
98
200
Share premium
13,533
13,533
Capital redemption reserve
(229,398)
-
Profit and loss account
230,325
235,172
Shareholders' funds
14,558
248,905
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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 of Directors and authorised for issue on 12 February 2024 and were signed on its behalf by
Joanne Myatt
Director
Company Registration No. 06646417
TIDDINGTON CONVENIENCE STORES LIMITED
Notes to the Accounts
for the year ended 31 October 2023
TIDDINGTON CONVENIENCE STORES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06646417. The registered office is 12 MAIN STREET, TIDDINGTON, STRATFORD-UPON-AVON, WARWICKSHIRE, CV37 7AZ.
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:
Land & buildings
6.66% reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
33% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is amortised over 20 years but is reviewed regularly to ensure it is still the most appropriate method.
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
TIDDINGTON CONVENIENCE STORES LIMITED
Notes to the Accounts
for the year ended 31 October 2023
4
Intangible fixed assets
Goodwill
At 1 November 2022
150,250
At 31 October 2023
150,250
At 1 November 2022
127,278
At 31 October 2023
134,791
5
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
107,818
325,081
262
433,161
Additions
-
3,753
608
4,361
At 31 October 2023
107,818
328,834
870
437,522
At 1 November 2022
45,333
242,554
131
288,018
Charge for the year
4,279
13,917
220
18,416
At 31 October 2023
49,612
256,471
351
306,434
At 31 October 2023
58,206
72,363
519
131,088
At 31 October 2022
62,485
82,527
131
145,143
Amounts falling due within one year
Trade debtors
11,747
5,663
Accrued income and prepayments
11,406
5,613
Other debtors
26,327
88,401
TIDDINGTON CONVENIENCE STORES LIMITED
Notes to the Accounts
for the year ended 31 October 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
48,641
42,656
Trade creditors
15,843
37,189
Taxes and social security
31,568
48,161
Other creditors
5,828
1,371
Loans from directors
452
78
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
223,445
272,086
9
Average number of employees
During the year the average number of employees was 15 (2022: 17).