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REGISTERED NUMBER: 09418578 (England and Wales)















THE VILLAGE SHOP (AOT) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






THE VILLAGE SHOP (AOT) LTD (REGISTERED NUMBER: 09418578)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE VILLAGE SHOP (AOT) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: S Clennell





REGISTERED OFFICE: 16 Jubilee Parkway
Jubilee Business Park
Derby
Derbyshire
DE21 4BJ





BUSINESS ADDRESS: 19a Weston Road
Aston-on-Trent
Derby
Derby
Derbyshire
DE72 2AS





REGISTERED NUMBER: 09418578 (England and Wales)

THE VILLAGE SHOP (AOT) LTD (REGISTERED NUMBER: 09418578)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 34,966 17,738
34,967 17,739

CURRENT ASSETS
Stocks 26,123 25,417
Debtors 6 3,897 -
Cash at bank and in hand 347,686 324,052
377,706 349,469
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

7

33,145

25,966
NET CURRENT ASSETS 344,561 323,503
TOTAL ASSETS LESS CURRENT
LIABILITIES

379,528

341,242

PROVISIONS FOR LIABILITIES 8 6,642 3,369
NET ASSETS 372,886 337,873

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 372,786 337,773
SHAREHOLDERS' FUNDS 372,886 337,873

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 director acknowledges his 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.

THE VILLAGE SHOP (AOT) LTD (REGISTERED NUMBER: 09418578)

BALANCE SHEET - 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 director and authorised for issue on 13 September 2024 and were signed by:





S Clennell - Director


THE VILLAGE SHOP (AOT) LTD (REGISTERED NUMBER: 09418578)

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


1. STATUTORY INFORMATION

The Village Shop (AOT) 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 invoiced sales of goods and services, net of value added tax and trade discounts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five 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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.


THE VILLAGE SHOP (AOT) LTD (REGISTERED NUMBER: 09418578)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are
recorded at transaction price. Any losses arising from impairment are recognised in the profit and
loss account in other administrative expenses.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the
employees are entitled are recognised at the undiscounted amount expected to be paid in exchange
for that service.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 10,000
AMORTISATION
At 1 April 2023
and 31 March 2024 9,999
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

THE VILLAGE SHOP (AOT) LTD (REGISTERED NUMBER: 09418578)

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


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 - 19,268 7,571 26,839
Additions 24,995 375 - 25,370
At 31 March 2024 24,995 19,643 7,571 52,209
DEPRECIATION
At 1 April 2023 - 5,788 3,313 9,101
Charge for year 4,999 2,078 1,065 8,142
At 31 March 2024 4,999 7,866 4,378 17,243
NET BOOK VALUE
At 31 March 2024 19,996 11,777 3,193 34,966
At 31 March 2023 - 13,480 4,258 17,738

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,897 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 11,632 2,128
Taxation and social security 10,294 11,714
Other creditors 11,219 12,124
33,145 25,966

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 6,642 3,369

THE VILLAGE SHOP (AOT) LTD (REGISTERED NUMBER: 09418578)

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


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 3,369
Provided during year 3,273
Balance at 31 March 2024 6,642

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. ULTIMATE CONTROLLING PARTY

The controlling party is S Clennell.