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REGISTERED NUMBER: 05365063 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

STATIONERY WORLD (SW) LIMITED

STATIONERY WORLD (SW) LIMITED (REGISTERED NUMBER: 05365063)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

STATIONERY WORLD (SW) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: R Afshin





REGISTERED OFFICE: 2 Oakfield Road
Clifton
Bristol
BS8 2AL





REGISTERED NUMBER: 05365063 (England and Wales)





ACCOUNTANTS: PJE Chartered Accountants
2 Oakfield Road
Clifton
Bristol
BS8 2AL

STATIONERY WORLD (SW) LIMITED (REGISTERED NUMBER: 05365063)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,351 3,851
Tangible assets 5 1,569 2,076
Investment property 6 140,000 140,000
143,920 145,927

CURRENT ASSETS
Stocks 10,000 10,000
Debtors 7 888 11,555
Cash at bank 100 100
10,988 21,655
CREDITORS
Amounts falling due within one year 8 78,698 69,920
NET CURRENT LIABILITIES (67,710 ) (48,265 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,210

97,662

CREDITORS
Amounts falling due after more than one
year

9

(43,385

)

(56,045

)

PROVISIONS FOR LIABILITIES (392 ) (394 )
NET ASSETS 32,433 41,223

STATIONERY WORLD (SW) LIMITED (REGISTERED NUMBER: 05365063)

BALANCE SHEET - continued
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 32,333 41,123
32,433 41,223

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 29 July 2024 and were signed by:





R Afshin - Director


STATIONERY WORLD (SW) LIMITED (REGISTERED NUMBER: 05365063)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Stationery World (SW) 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.

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 2006, is being amortised evenly over its estimated useful life of twenty 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.
Plant and machinery etc - 15% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

In the Directors opinion the fair value of the investment property is based on the current market value of the similar properties in similar location.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


STATIONERY WORLD (SW) LIMITED (REGISTERED NUMBER: 05365063)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


2. ACCOUNTING POLICIES - continued
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.

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.

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 6 (2022 - 7 ) .

STATIONERY WORLD (SW) LIMITED (REGISTERED NUMBER: 05365063)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 30,000
AMORTISATION
At 1 August 2022 26,149
Charge for year 1,500
At 31 July 2023 27,649
NET BOOK VALUE
At 31 July 2023 2,351
At 31 July 2022 3,851

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 28,955
DEPRECIATION
At 1 August 2022 26,879
Charge for year 507
At 31 July 2023 27,386
NET BOOK VALUE
At 31 July 2023 1,569
At 31 July 2022 2,076

STATIONERY WORLD (SW) LIMITED (REGISTERED NUMBER: 05365063)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 140,000
NET BOOK VALUE
At 31 July 2023 140,000
At 31 July 2022 140,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Amounts owed by associates - 7,348
Other debtors 888 4,207
888 11,555

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 30,682 17,151
Trade creditors 13,773 17,908
Amounts owed to associates 4,304 -
Taxation and social security 13,402 15,251
Other creditors 16,537 19,610
78,698 69,920

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 43,385 56,045

STATIONERY WORLD (SW) LIMITED (REGISTERED NUMBER: 05365063)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.7.23 31.7.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,145 9,364

10. RELATED PARTY DISCLOSURES

The Company rents premises from R Afshin, the rent payable being calculated to reimburse the cost to him of making the premises available. Accordingly, rent payable for the year was £1,600..

The Company has made funding transactions with Entwistle (SW) Ltd which is controlled by the
directors of this Company £4,304 (2022 - owed by £7,348 ) was owing to Entwistle (SW) Ltd.

The Company has made loans to its director that are repayable on demand and carry interest according to
the code prescribed by UK tax legislation. The amount due from the director at the year end is £72 (
2022 was £1,980).
The loan was fully repaid 9 month after the year end.

11. ULTIMATE CONTROLLING PARTY

The controlling party is R Afshin.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
STATIONERY WORLD (SW) LIMITED


The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Stationery World (SW) Limited for the year ended 31 July 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Stationery World (SW) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Stationery World (SW) Limited and state those matters that we have agreed to state to the director of Stationery World (SW) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stationery World (SW) Limited and its director for our work or for this report.

It is your duty to ensure that Stationery World (SW) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Stationery World (SW) Limited. You consider that Stationery World (SW) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Stationery World (SW) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






PJE Chartered Accountants
2 Oakfield Road
Clifton
Bristol
BS8 2AL



CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
STATIONERY WORLD (SW) LIMITED


29 July 2024