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REGISTERED NUMBER: 00222504 (England and Wales)
















ROOMES STORES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

29 JANUARY 2023 TO 31 JANUARY 2024






ROOMES STORES LIMITED (REGISTERED NUMBER: 00222504)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 29 JANUARY 2023 TO 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROOMES STORES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 29 JANUARY 2023 TO 31 JANUARY 2024







DIRECTORS: S. J. Roome
M. D. Roome





REGISTERED OFFICE: 22 - 24 Station Road
Upminster
Essex
RM14 2UB





REGISTERED NUMBER: 00222504 (England and Wales)





ACCOUNTANTS: CR Bland Baker Limited
Chartered Accountants
21 Lodge Lane
Grays
Essex
RM17 5RY

ROOMES STORES LIMITED (REGISTERED NUMBER: 00222504)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,384,562 6,521,769

CURRENT ASSETS
Stocks 954,213 1,062,918
Debtors 5 105,765 102,253
Cash at bank and in hand 344,777 363,713
1,404,755 1,528,884
CREDITORS
Amounts falling due within one year 6 1,293,028 1,397,810
NET CURRENT ASSETS 111,727 131,074
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,496,289

6,652,843

CREDITORS
Amounts falling due after more than one
year

7

(988,989

)

(950,696

)

PROVISIONS FOR LIABILITIES (80,000 ) (83,500 )
NET ASSETS 5,427,300 5,618,647

ROOMES STORES LIMITED (REGISTERED NUMBER: 00222504)

BALANCE SHEET - continued
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 668,180 668,180
Capital redemption reserve 29,820 29,820
Retained earnings 4,729,300 4,920,647
SHAREHOLDERS' FUNDS 5,427,300 5,618,647

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 October 2024 and were signed on its behalf by:





M. D. Roome - Director


ROOMES STORES LIMITED (REGISTERED NUMBER: 00222504)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 29 JANUARY 2023 TO 31 JANUARY 2024

1. STATUTORY INFORMATION

Roomes Stores 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Freehold property-2% straight line
Fixtures and fittings-15% on reducing balance
Motor vehicles-25% on reducing balance
Electronic Till System and similar
high technology equipment-20% and 25% straight line

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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


ROOMES STORES LIMITED (REGISTERED NUMBER: 00222504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 29 JANUARY 2023 TO 31 JANUARY 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 period 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 the profit and loss as incurred.

Assets obtained under hire purchase contracts are capitalised in the balance sheet and are depreciated over their estimated useful lives.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments are treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 40 (2023 - 42 ) .

ROOMES STORES LIMITED (REGISTERED NUMBER: 00222504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 29 JANUARY 2023 TO 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 29 January 2023 7,854,196 1,984,015 9,838,211
Additions - 29,413 29,413
At 31 January 2024 7,854,196 2,013,428 9,867,624
DEPRECIATION
At 29 January 2023 1,614,719 1,701,723 3,316,442
Charge for period 106,308 60,312 166,620
At 31 January 2024 1,721,027 1,762,035 3,483,062
NET BOOK VALUE
At 31 January 2024 6,133,169 251,393 6,384,562
At 28 January 2023 6,239,477 282,292 6,521,769

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 29 January 2023 37,385
Transfer to ownership (37,385 )
At 31 January 2024 -
DEPRECIATION
At 29 January 2023 21,942
Charge for period 3,860
Transfer to ownership (25,802 )
At 31 January 2024 -
NET BOOK VALUE
At 31 January 2024 -
At 28 January 2023 15,443

ROOMES STORES LIMITED (REGISTERED NUMBER: 00222504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 29 JANUARY 2023 TO 31 JANUARY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 56,255 44,831
Other debtors 49,510 57,422
105,765 102,253

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 83,187 89,744
Hire purchase contracts - 8,265
Trade creditors 874,747 928,419
Taxation and social security 135,778 159,210
Other creditors 199,316 212,172
1,293,028 1,397,810

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 675,608 763,393
Other creditors 313,381 187,303
988,989 950,696

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 255,802 375,838

ROOMES STORES LIMITED (REGISTERED NUMBER: 00222504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 29 JANUARY 2023 TO 31 JANUARY 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 758,795 853,137
Hire purchase contracts - 8,265
758,795 861,402

Hire purchase contracts are secured on the assets which have been acquired under the agreement.
Bank loans are secured on the company Freehold properties.