IRIS Accounts Production v24.3.0.553 06757228 director 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 Ordinary A 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh067572282023-03-31067572282024-03-31067572282023-04-012024-03-31067572282022-03-31067572282022-04-012023-03-31067572282023-03-3106757228ns15:EnglandWales2023-04-012024-03-3106757228ns14:PoundSterling2023-04-012024-03-3106757228ns10:Director12023-04-012024-03-3106757228ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106757228ns10:SmallEntities2023-04-012024-03-3106757228ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3106757228ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106757228ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106757228ns10:FullAccounts2023-04-012024-03-3106757228ns10:OrdinaryShareClass12023-04-012024-03-3106757228ns10:OrdinaryShareClass22023-04-012024-03-3106757228ns10:RegisteredOffice2023-04-012024-03-3106757228ns5:CurrentFinancialInstruments2024-03-3106757228ns5:CurrentFinancialInstruments2023-03-3106757228ns5:Non-currentFinancialInstruments2024-03-3106757228ns5:Non-currentFinancialInstruments2023-03-3106757228ns5:ShareCapital2024-03-3106757228ns5:ShareCapital2023-03-3106757228ns5:RetainedEarningsAccumulatedLosses2024-03-3106757228ns5:RetainedEarningsAccumulatedLosses2023-03-3106757228ns5:FurnitureFittings2023-04-012024-03-3106757228ns5:MotorVehicles2023-04-012024-03-3106757228ns5:ComputerEquipment2023-04-012024-03-3106757228ns5:FurnitureFittings2023-03-3106757228ns5:MotorVehicles2023-03-3106757228ns5:ComputerEquipment2023-03-3106757228ns5:FurnitureFittings2024-03-3106757228ns5:MotorVehicles2024-03-3106757228ns5:ComputerEquipment2024-03-3106757228ns5:FurnitureFittings2023-03-3106757228ns5:MotorVehicles2023-03-3106757228ns5:ComputerEquipment2023-03-3106757228ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3106757228ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3106757228ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-03-3106757228ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3106757228ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3106757228ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3106757228ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-03-3106757228ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3106757228ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3106757228ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3106757228ns5:DeferredTaxation2023-03-3106757228ns5:DeferredTaxation2023-04-012024-03-3106757228ns5:DeferredTaxation2024-03-3106757228ns10:OrdinaryShareClass12024-03-3106757228ns10:OrdinaryShareClass22024-03-31067572281ns10:Director12023-03-31067572281ns10:Director12022-03-31067572281ns10:Director12023-04-012024-03-31067572281ns10:Director12022-04-012023-03-31067572281ns10:Director12024-03-31067572281ns10:Director12023-03-31
REGISTERED NUMBER: 06757228 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MORE FOR YOUR STORE LIMITED

MORE FOR YOUR STORE LIMITED (REGISTERED NUMBER: 06757228)

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


MORE FOR YOUR STORE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr R K Pittack





REGISTERED OFFICE: 55 Loudoun Road
London
NW8 0DL





REGISTERED NUMBER: 06757228 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

MORE FOR YOUR STORE LIMITED (REGISTERED NUMBER: 06757228)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 38,644 51,526

CURRENT ASSETS
Stocks 58,724 116,216
Debtors 5 193,200 155,727
Cash at bank 66 2,602
251,990 274,545
CREDITORS
Amounts falling due within one year 6 (248,620 ) (177,123 )
NET CURRENT ASSETS 3,370 97,422
TOTAL ASSETS LESS CURRENT LIABILITIES 42,014 148,948

CREDITORS
Amounts falling due after more than one
year

7

(94,339

)

(164,740

)

PROVISIONS FOR LIABILITIES 10 (9,661 ) (12,882 )
NET LIABILITIES (61,986 ) (28,674 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings (62,086 ) (28,774 )
SHAREHOLDERS' FUNDS (61,986 ) (28,674 )

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.

MORE FOR YOUR STORE LIMITED (REGISTERED NUMBER: 06757228)

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 2 October 2024 and were signed by:





Mr R K Pittack - Director


MORE FOR YOUR STORE LIMITED (REGISTERED NUMBER: 06757228)

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


1. STATUTORY INFORMATION

More For Your Store 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. 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

MORE FOR YOUR STORE LIMITED (REGISTERED NUMBER: 06757228)

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


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 10,249 66,230 4,643 81,122
DEPRECIATION
At 1 April 2023 9,042 16,558 3,996 29,596
Charge for year 302 12,418 162 12,882
At 31 March 2024 9,344 28,976 4,158 42,478
NET BOOK VALUE
At 31 March 2024 905 37,254 485 38,644
At 31 March 2023 1,207 49,672 647 51,526

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 66,230
DEPRECIATION
At 1 April 2023 16,558
Charge for year 12,418
At 31 March 2024 28,976
NET BOOK VALUE
At 31 March 2024 37,254
At 31 March 2023 49,672

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 63,676 75,470
Other debtors 129,524 80,257
193,200 155,727

MORE FOR YOUR STORE LIMITED (REGISTERED NUMBER: 06757228)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 8) 10,000 10,000
Hire purchase contracts 8,684 8,684
Trade creditors 56,267 56,156
Taxation and social security 11,794 15,894
Other creditors 161,875 86,389
248,620 177,123

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 8) 16,667 26,766
Hire purchase contracts 34,743 41,936
Other creditors 42,929 96,038
94,339 164,740

8. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loan 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000
Other loans - 1-2 years 15,559 27,068
25,559 37,068

Amounts falling due between two and five years:
Bank loans - 2-5 years 6,667 16,766
Other loans - 2-5 years 27,370 68,970
34,037 85,736

MORE FOR YOUR STORE LIMITED (REGISTERED NUMBER: 06757228)

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


9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Factoring account 60,430 62,039

The factoring account is secured by a fixed charge over book debts owed to the company.

10. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 9,661 12,882

Deferred
tax
£   
Balance at 1 April 2023 12,882
Provided during year (3,221 )
Balance at 31 March 2024 9,661

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
50 Ordinary £1 50 50
50 Ordinary A £1 50 50
100 100

The Ordinary shares and Ordinary-A shares rank pari passu in all respects save that the holders of each class of share shall be entitled to separate dividends in respect of each class.

MORE FOR YOUR STORE LIMITED (REGISTERED NUMBER: 06757228)

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


12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr R K Pittack
Balance outstanding at start of year 76,337 49,929
Amounts advanced 20,527 26,408
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 96,864 76,337

The bank overdraft facility and bank loan is secured by a personal guarantee given by R K Pittack.