0 false false false false false false false false false false true false false true false true true No description of principal activity 2023-02-01 Sage Accounts Production Advanced 2024 - FRS102_2024 1,657,742 1,657,742 1,657,742 xbrli:pure xbrli:shares iso4217:GBP 02526358 2023-02-01 2024-01-31 02526358 2024-01-31 02526358 2023-01-31 02526358 2022-02-01 2023-01-31 02526358 2023-01-31 02526358 2022-01-31 02526358 core:FurnitureFittings 2023-02-01 2024-01-31 02526358 bus:Director1 2023-02-01 2024-01-31 02526358 core:WithinOneYear 2024-01-31 02526358 core:WithinOneYear 2023-01-31 02526358 core:AfterOneYear 2024-01-31 02526358 core:AfterOneYear 2023-01-31 02526358 core:ShareCapital 2024-01-31 02526358 core:ShareCapital 2023-01-31 02526358 core:RevaluationReserve 2024-01-31 02526358 core:RevaluationReserve 2023-01-31 02526358 core:RetainedEarningsAccumulatedLosses 2024-01-31 02526358 core:RetainedEarningsAccumulatedLosses 2023-01-31 02526358 core:LandBuildings 2024-01-31 02526358 core:LandBuildings 2023-01-31 02526358 bus:SmallEntities 2023-02-01 2024-01-31 02526358 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 02526358 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 02526358 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 02526358 bus:FullAccounts 2023-02-01 2024-01-31
COMPANY REGISTRATION NUMBER: 02526358
SIRA SUPERSTORE LIMITED
Filleted Unaudited Financial Statements
31 January 2024
SIRA SUPERSTORE LIMITED
Statement of Financial Position
31 January 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
4
1,657,742
1,657,742
Current assets
Cash at bank and in hand
12,862
2,681
Creditors: amounts falling due within one year
5
428,061
437,703
---------
---------
Net current liabilities
415,199
435,022
------------
------------
Total assets less current liabilities
1,242,543
1,222,720
Creditors: amounts falling due after more than one year
6
314,371
328,401
------------
------------
Net assets
928,172
894,319
------------
------------
Capital and reserves
Called up share capital
100,000
100,000
Revaluation reserve
1,052,068
1,052,068
Profit and loss account
( 223,896)
( 257,749)
------------
------------
Shareholders funds
928,172
894,319
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SIRA SUPERSTORE LIMITED
Statement of Financial Position (continued)
31 January 2024
These financial statements were approved by the board of directors and authorised for issue on 2 October 2024 , and are signed on behalf of the board by:
S S SIRA
Director
Company registration number: 02526358
SIRA SUPERSTORE LIMITED
Notes to the Financial Statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 13-15, KING STREET, SOUTHALL, UB2 4DG, UK.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & fittings
-
20% reducing balance
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Tangible assets
Land and buildings
£
Cost
At 1 February 2023 and 31 January 2024
1,657,742
------------
Depreciation
At 1 February 2023 and 31 January 2024
------------
Carrying amount
At 31 January 2024
1,657,742
------------
At 31 January 2023
1,657,742
------------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
33,600
53,170
Corporation tax
79,099
71,121
Other creditors - desc in a/cs
185,548
183,848
Other creditors
129,814
129,564
---------
---------
428,061
437,703
---------
---------
6. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
314,371
328,401
---------
---------
7. Director's advances, credits and guarantees
Directors loan account relates to directors current account.
8. Related party transactions
The company was under the control of Mr S S SIRA throughout the current and previous year. Mr S S SIRA is the managing director.