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REGISTERED NUMBER: 05231150 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

STONEYGATE 194 LIMITED

STONEYGATE 194 LIMITED (REGISTERED NUMBER: 05231150)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STONEYGATE 194 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mrs D Adeshra
Mr V Raniga
Mr R Raniga





SECRETARIES: Mr R Raniga
Mr V Raniga





REGISTERED OFFICE: 354 Scraptoft Lane
Leicester
LE5 1PB





REGISTERED NUMBER: 05231150 (England and Wales)

STONEYGATE 194 LIMITED (REGISTERED NUMBER: 05231150)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 22,742 277,709
22,742 277,709

CURRENT ASSETS
Stocks 6 310,282 377,058
Debtors 7 277,632 314,904
Cash at bank and in hand 245,282 125,574
833,196 817,536
CREDITORS
Amounts falling due within one year 8 289,017 315,332
NET CURRENT ASSETS 544,179 502,204
TOTAL ASSETS LESS CURRENT
LIABILITIES

566,921

779,913

CREDITORS
Amounts falling due after more than one
year

9

(10,000

)

(100,000

)

PROVISIONS FOR LIABILITIES (4,321 ) (7,059 )
NET ASSETS 552,600 672,854

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 552,594 672,848
SHAREHOLDERS' FUNDS 552,600 672,854

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

STONEYGATE 194 LIMITED (REGISTERED NUMBER: 05231150)

BALANCE SHEET - continued
31 JANUARY 2024


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 Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:




Mrs D Adeshra - Director Mr V Raniga - Director




Mr R Raniga - Director


STONEYGATE 194 LIMITED (REGISTERED NUMBER: 05231150)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Stoneygate 194 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue comprises the fair value for the sale of goods excluding value added taxes and represents net invoice value less estimated rebates, returns and settlement discounts. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on dispatch of the goods.

Goodwill, lease premium and franchise fees
Goodwill, being the amounts paid in connection with the acquisition of four business' in 2014 and 2 business' in 2016 are being amortised evenly over their estimated useful life of two to three 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.
Freehold property - Straight line over 50 years
Fixtures and fittings - 10% on cost
Computer equipment - 33% on cost

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

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.


STONEYGATE 194 LIMITED (REGISTERED NUMBER: 05231150)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued
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.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 53 (2023 - 58 ) .

4. INTANGIBLE FIXED ASSETS
Lease Franchise
Premium Fees Goodwill Totals
£    £    £    £   
COST
At 1 February 2023
and 31 January 2024 9,000 30,000 684,874 723,874
AMORTISATION
At 1 February 2023
and 31 January 2024 9,000 30,000 684,874 723,874
NET BOOK VALUE
At 31 January 2024 - - - -
At 31 January 2023 - - - -

STONEYGATE 194 LIMITED (REGISTERED NUMBER: 05231150)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 February 2023 300,694 403,493 5,876 710,063
Additions - - 308 308
Disposals (300,694 ) - - (300,694 )
At 31 January 2024 - 403,493 6,184 409,677
DEPRECIATION
At 1 February 2023 60,139 366,339 5,876 432,354
Charge for year - 14,618 102 14,720
Eliminated on disposal (60,139 ) - - (60,139 )
At 31 January 2024 - 380,957 5,978 386,935
NET BOOK VALUE
At 31 January 2024 - 22,536 206 22,742
At 31 January 2023 240,555 37,154 - 277,709

6. STOCKS
2024 2023
£    £   
Stocks 310,282 377,058

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,100 2,646
Other debtors 267,000 292,000
VAT 3,865 16,591
Prepayments 3,667 3,667
277,632 314,904

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 65,000 40,000
Trade creditors 182,319 257,569
Taxation 10,067 -
Other creditors 1,071 1,934
Accrued expenses 30,560 15,829
289,017 315,332

STONEYGATE 194 LIMITED (REGISTERED NUMBER: 05231150)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 10,000 100,000

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
In more than five years 127,630 173,213

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 75,000 140,000