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REGISTERED NUMBER: 02776940 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

RUNSTORE LIMITED

RUNSTORE LIMITED (REGISTERED NUMBER: 02776940)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RUNSTORE LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTORS: Mr M J Woods
Mrs J C Woods





SECRETARY: Mr J H Butterworth





REGISTERED OFFICE: Booth Street Chambers
Booth Street
Ashton-Under-Lyne
Lancashire





REGISTERED NUMBER: 02776940 (England and Wales)





ACCOUNTANTS: Moss and Williamson Limited
Chartered Accountants
11 Stamford Street
Stalybridge
Cheshire
SK15 1JP

RUNSTORE LIMITED (REGISTERED NUMBER: 02776940)

BALANCE SHEET
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1 2
Investment property 6 627,000 627,000
627,001 627,002

CURRENT ASSETS
Debtors 7 750 724
Cash at bank 42,402 54,270
43,152 54,994
CREDITORS
Amounts falling due within one year 8 8,916 10,037
NET CURRENT ASSETS 34,236 44,957
TOTAL ASSETS LESS CURRENT
LIABILITIES

661,237

671,959

CREDITORS
Amounts falling due after more than one
year

9

-

18,000
NET ASSETS 661,237 653,959

CAPITAL AND RESERVES
Called up share capital 90 90
Revaluation reserve 10 168,142 168,142
Retained earnings 493,005 485,727
SHAREHOLDERS' FUNDS 661,237 653,959

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

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

RUNSTORE LIMITED (REGISTERED NUMBER: 02776940)

BALANCE SHEET - continued
31 May 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 27 August 2024 and were signed on its behalf by:





Mr M J Woods - Director


RUNSTORE LIMITED (REGISTERED NUMBER: 02776940)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Runstore 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and Fittings - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

RUNSTORE LIMITED (REGISTERED NUMBER: 02776940)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and
Fittings
£   
COST
At 1 June 2023
and 31 May 2024 2,223
DEPRECIATION
At 1 June 2023 2,221
Charge for year 1
At 31 May 2024 2,222
NET BOOK VALUE
At 31 May 2024 1
At 31 May 2023 2

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 627,000
NET BOOK VALUE
At 31 May 2024 627,000
At 31 May 2023 627,000

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2005 39,503
Valuation in 2009 50,000
Valuation in 2014 42,802
Valuation in 2021 44,000
Valuation in 2023 23,000
Cost 427,695
627,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 750 724

RUNSTORE LIMITED (REGISTERED NUMBER: 02776940)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 4,741 2,473
Taxation and social security 1,872 5,607
Other creditors 2,303 1,957
8,916 10,037

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Other creditors - 18,000

10. RESERVES
Revaluation
reserve
£   
At 1 June 2023
and 31 May 2024 168,142

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £700 (2023 - £1,575) were paid to the directors .

There were no other material related party transactions requiring disclosure .