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
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
EVEREST RETAILERS LTD
Statement of financial position
as at 31 October 2023
Tangible assets
37,292
43,873
Inventories
896,284
200,786
Cash at bank and in hand
321,633
33,730
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)
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
EVEREST RETAILERS LTD
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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
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
At 31 October 2023
6,549
30,743
37,292
At 31 October 2022
7,705
36,168
43,873
Amounts falling due within one year
EVEREST RETAILERS LTD
Notes to the Accounts
for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023
2022
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
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).