Company Registration No. 10348968 (England and Wales)
M & A STORES LIMITED
Unaudited accounts
for the year ended 31 August 2023
M & A STORES LIMITED
Unaudited accounts
Contents
M & A STORES LIMITED
Company Information
for the year ended 31 August 2023
Director
THIRUCHELVAM MATHIVANNAN
Company Number
10348968 (England and Wales)
Registered Office
209, The Heights
Northolt
United Kingdom
UB5 4BX
United Kingdom
Accountants
IRTS Business Solutions Limited
209 The Heights
Northolt
Middlesex
UB5 4BX
M & A STORES LIMITED
Statement of financial position
as at 31 August 2023
Tangible assets
1,582,350
1,582,057
Inventories
115,365
120,682
Cash at bank and in hand
224,398
137,336
Creditors: amounts falling due within one year
(954,267)
(910,610)
Net current liabilities
(613,090)
(649,533)
Total assets less current liabilities
969,260
932,524
Creditors: amounts falling due after more than one year
(751,352)
(789,003)
Net assets
217,908
143,521
Called up share capital
100
100
Profit and loss account
217,808
143,421
Shareholders' funds
217,908
143,521
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 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 25 January 2024 and were signed on its behalf by
THIRUCHELVAM MATHIVANNAN
Director
Company Registration No. 10348968
M & A STORES LIMITED
Notes to the Accounts
for the year ended 31 August 2023
M & A STORES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10348968. The registered office is 209, The Heights, Northolt, United Kingdom, UB5 4BX, United Kingdom.
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:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2022
1,435,321
94,500
101,355
1,631,176
Additions
-
-
33,507
33,507
At 31 August 2023
1,435,321
94,500
134,862
1,664,683
At 1 September 2022
-
18,900
30,219
49,119
Charge for the year
-
15,120
18,094
33,214
At 31 August 2023
-
34,020
48,313
82,333
At 31 August 2023
1,435,321
60,480
86,549
1,582,350
At 31 August 2022
1,435,321
75,600
71,136
1,582,057
Amounts falling due within one year
M & A STORES LIMITED
Notes to the Accounts
for the year ended 31 August 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
234,853
208,429
Amounts owed to group undertakings and other participating interests
27,579
57,512
Taxes and social security
33,931
11,490
Other creditors
38,736
36,889
Loans from directors
619,168
596,290
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
751,352
789,003
8
Average number of employees
During the year the average number of employees was 12 (2022: 10).