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Registered number: 8506072
B J Stores Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 August 2023
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 8506072
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 253,628 3,816
Tangible Assets 5 41,335 20,599
294,963 24,415
CURRENT ASSETS
Stocks 108,350 81,961
Debtors 162,144 130,761
Cash at bank and in hand 108,748 146,410
379,242 359,132
Creditors: Amounts Falling Due Within One Year (321,685 ) (122,283 )
NET CURRENT ASSETS (LIABILITIES) 57,557 236,849
TOTAL ASSETS LESS CURRENT LIABILITIES 352,520 261,264
Creditors: Amounts Falling Due After More Than One Year (166,221 ) (31,286 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 6 (7,854 ) (3,914 )
NET ASSETS 178,445 226,064
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 178,345 225,964
SHAREHOLDERS' FUNDS 178,445 226,064
Page 1
Page 2
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 August 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr B Odedra
Director
12/07/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
B J Stores Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 8506072 . The registered office is 27 The Nook, Anstey, Leicester, Leicestershire, LE7 7AZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15% on reducing balance
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.6. Taxation

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 2 2
Sales, marketing and distribution 9 11
11 13
Page 3
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4. Intangible Assets
Total
£
Cost
As at 1 September 2022 38,115
Additions 281,808
As at 31 August 2023 319,923
Amortisation
As at 1 September 2022 34,299
Provided during the period 31,996
As at 31 August 2023 66,295
Net Book Value
As at 31 August 2023 253,628
As at 1 September 2022 3,816
5. Tangible Assets
Total
£
Cost
As at 1 September 2022 59,594
Additions 28,031
As at 31 August 2023 87,625
Depreciation
As at 1 September 2022 38,995
Provided during the period 7,295
As at 31 August 2023 46,290
Net Book Value
As at 31 August 2023 41,335
As at 1 September 2022 20,599
6. Deferred Taxation
The provision for deferred tax is made up as follows:
2023 2022
£ £
Other timing differences 7,854 3,914
7. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 September 2022 3,914 3,914
Deferred taxation 3,940 3,940
Balance at 31 August 2023 7,854 7,854
Page 4
Page 5
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
9. Dividends
2023 2022
£ £
On equity shares:
Interim dividend paid 150,000 160,000
Page 5