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Company Registration No. 12975565 (England and Wales)
Bargains4u Ltd Unaudited accounts for the year ended 31 October 2023
Bargains4u Ltd Unaudited accounts Contents
Page
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Bargains4u Ltd Company Information for the year ended 31 October 2023
Director
Fahed Aslam
Company Number
12975565 (England and Wales)
Registered Office
14 FINMERE WAY SHIRLEY SOLIHULL B90 3SS ENGLAND
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Bargains4u Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
4,200 
4,200 
Creditors: amounts falling due within one year
(5,204)
(5,204)
Net current liabilities
(1,004)
(1,004)
Net liabilities
(1,004)
(1,004)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(1,005)
(1,005)
Shareholders' funds
(1,004)
(1,004)
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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.
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 31 July 2024 and were signed on its behalf by
Fahed Aslam Director Company Registration No. 12975565
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Bargains4u Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Bargains4u Ltd is a private company, limited by shares, registered in England and Wales, registration number 12975565. The registered office is 14 FINMERE WAY, SHIRLEY, SOLIHULL, B90 3SS, ENGLAND.
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.
Going concern
The Directors believe that notwithstanding net current liabilities of £1,875, the Company's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support from the Directors and shareholders will be adequate to meet the Company's needs for a period of at least 12 months from the date of approval of these financial statements.
Turnover
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,200 
4,200 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
4,454 
4,454 
Accruals
750 
750 
5,204 
5,204 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
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Bargains4u Ltd Notes to the Accounts for the year ended 31 October 2023
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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