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Company Registration No. 12930375 (England and Wales)
EVEREST RETAILERS LTD Unaudited accounts for the year ended 31 October 2023
EVEREST RETAILERS LTD Unaudited accounts Contents
Page
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EVEREST RETAILERS LTD Company Information for the year ended 31 October 2023
Directors
Sajikumar Muthiah Nakendram Piratheepan
Company Number
12930375 (England and Wales)
Registered Office
29 FFORDD Y GLOWYR MOUNTAIN ASH CF45 4FD WALES
Accountants
IRTS Business Solutions Limited 209 The Heights Northolt Middlesex UB5 4BX
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EVEREST RETAILERS LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
37,292 
43,873 
Current assets
Inventories
896,284 
200,786 
Debtors
- 
77,774 
Cash at bank and in hand
321,633 
33,730 
1,217,917 
312,290 
Creditors: amounts falling due within one year
(1,090,622)
(234,321)
Net current assets
127,295 
77,969 
Total assets less current liabilities
164,587 
121,842 
Creditors: amounts falling due after more than one year
- 
(22,665)
Provisions for liabilities
Deferred tax
(5,160)
(5,160)
Net assets
159,427 
94,017 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
159,327 
93,917 
Shareholders' funds
159,427 
94,017 
For the year ending 31 October 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 directors acknowledge their 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 of Directors and authorised for issue on 16 March 2024 and were signed on its behalf by
Nakendram Piratheepan Director Company Registration No. 12930375
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EVEREST RETAILERS LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
EVEREST RETAILERS LTD is a private company, limited by shares, registered in England and Wales, registration number 12930375. The registered office is 29 FFORDD Y GLOWYR, MOUNTAIN ASH, CF45 4FD, WALES.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
15
Motor vehicles
15
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
9,898 
43,298 
53,196 
At 31 October 2023
9,898 
43,298 
53,196 
Depreciation
At 1 November 2022
2,193 
7,130 
9,323 
Charge for the year
1,156 
5,425 
6,581 
At 31 October 2023
3,349 
12,555 
15,904 
Net book value
At 31 October 2023
6,549 
30,743 
37,292 
At 31 October 2022
7,705 
36,168 
43,873 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
9,492 
Other debtors
- 
68,282 
- 
77,774 
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EVEREST RETAILERS LTD Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
14,916 
21,451 
Obligations under finance leases and hire purchase contracts
- 
9,112 
Trade creditors
584,678 
103,563 
Taxes and social security
83,552 
40,512 
Other creditors
358,658 
10,067 
Loans from directors
48,818 
35,236 
Accruals
- 
14,380 
1,090,622 
234,321 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
- 
22,665 
8
Average number of employees
During the year the average number of employees was 96 (2022: 38).
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