IRIS Accounts Production v24.1.9.2 08905153 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh089051532023-03-31089051532024-03-31089051532023-04-012024-03-31089051532022-03-31089051532022-04-012023-03-31089051532023-03-3108905153ns15:EnglandWales2023-04-012024-03-3108905153ns14:PoundSterling2023-04-012024-03-3108905153ns10:Director12023-04-012024-03-3108905153ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108905153ns10:SmallEntities2023-04-012024-03-3108905153ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108905153ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108905153ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108905153ns10:FullAccounts2023-04-012024-03-310890515312023-04-012024-03-3108905153ns10:OrdinaryShareClass12023-04-012024-03-3108905153ns10:Director22023-04-012024-03-3108905153ns10:RegisteredOffice2023-04-012024-03-3108905153ns5:CurrentFinancialInstruments2024-03-3108905153ns5:CurrentFinancialInstruments2023-03-3108905153ns5:Non-currentFinancialInstruments2024-03-3108905153ns5:Non-currentFinancialInstruments2023-03-3108905153ns5:ShareCapital2024-03-3108905153ns5:ShareCapital2023-03-3108905153ns5:RetainedEarningsAccumulatedLosses2024-03-3108905153ns5:RetainedEarningsAccumulatedLosses2023-03-3108905153ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3108905153ns5:PlantMachinery2023-04-012024-03-3108905153ns5:NetGoodwill2023-03-3108905153ns5:NetGoodwill2024-03-3108905153ns5:NetGoodwill2023-03-3108905153ns5:PlantMachinery2023-03-3108905153ns5:PlantMachinery2024-03-3108905153ns5:PlantMachinery2023-03-3108905153ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3108905153ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3108905153ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 08905153 (England and Wales)


Financial Statements for the Year Ended 31 March 2024

for

Abercarn Store Ltd

Abercarn Store Ltd (Registered number: 08905153)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Abercarn Store Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr Baljit Singh Randhawa
Mrs Manjit Kaur Randhawa





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD





REGISTERED NUMBER: 08905153 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Abercarn Store Ltd (Registered number: 08905153)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 335,350 335,350
Property, plant and equipment 5 7,308 9,744
342,658 345,094

CURRENT ASSETS
Inventories 65,164 63,132
Debtors 6 23 -
Cash in hand 3,032 2,009
68,219 65,141
CREDITORS
Amounts falling due within one year 7 350,120 366,297
NET CURRENT LIABILITIES (281,901 ) (301,156 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,757

43,938

CREDITORS
Amounts falling due after more than one
year

8

21,667

31,667
NET ASSETS 39,090 12,271

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 38,890 12,071
SHAREHOLDERS' FUNDS 39,090 12,271

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Abercarn Store Ltd (Registered number: 08905153)

Statement of Financial Position - continued
31 March 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 29 August 2024 and were signed on its behalf by:





Mr Baljit Singh Randhawa - Director


Abercarn Store Ltd (Registered number: 08905153)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Abercarn Store Ltd 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 represents net sales of value of goods,excluding value added tax.

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 - 25% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 335,350
NET BOOK VALUE
At 31 March 2024 335,350
At 31 March 2023 335,350

Abercarn Store Ltd (Registered number: 08905153)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 57,965
DEPRECIATION
At 1 April 2023 48,221
Charge for year 2,436
At 31 March 2024 50,657
NET BOOK VALUE
At 31 March 2024 7,308
At 31 March 2023 9,744

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 23 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 19,289 11,477
Trade creditors 12,328 1,624
Taxation and social security 49,449 72,558
Other creditors 269,054 280,638
350,120 366,297

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 21,667 31,667

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
200 Ordinary £1 200 200

Abercarn Store Ltd (Registered number: 08905153)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. RELATED PARTY DISCLOSURES

During the year, the company has paid rent of £16,500 (2022: £16,500) in respect of the business property owned by the director.