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Registered Number: 04902644
England and Wales

 

 

 

STOP & SAVE (TUNBRIDGE WELLS) LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 February 2023

End date: 31 January 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 93,600    109,200 
Tangible fixed assets 4 14,172    16,986 
107,772    126,186 
Current assets      
Stocks 5 65,000    65,000 
Debtors 6 106   
Cash at bank and in hand 558,454    422,271 
623,560    487,271 
Creditors: amount falling due within one year 7 (291,826)   (221,766)
Net current assets 331,734    265,505 
 
Total assets less current liabilities 439,506    391,691 
Creditors: amount falling due after more than one year 8 (12,185)   (22,316)
Provisions for liabilities 9 (5,921)   (2,337)
Net assets 421,400    367,038 
 

Capital and reserves
     
Called up share capital 10 100    100 
Profit and loss account 421,300    366,938 
Shareholders' funds 421,400    367,038 
 


For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 31 October 2024 and were signed on its behalf by:


-------------------------------
P S Mangat
Director
1
General Information
Stop & Save (Tunbridge Wells) Limited is a private company, limited by shares, registered in England and Wales, registration number 04902644, registration address 105 St James Road, Tunbridge Wells, TN1 2HQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 7 (2023 : 5).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 February 2023 156,000    156,000 
Additions  
Disposals  
At 31 January 2024 156,000    156,000 
Amortisation
At 01 February 2023 46,800    46,800 
Charge for year 15,600    15,600 
On disposals  
At 31 January 2024 62,400    62,400 
Net book values
At 31 January 2024 93,600    93,600 
At 31 January 2023 109,200    109,200 


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 01 February 2023 194,235    194,235 
Additions 1,599    1,599 
Disposals  
At 31 January 2024 195,834    195,834 
Depreciation
At 01 February 2023 177,249    177,249 
Charge for year 4,413    4,413 
On disposals  
At 31 January 2024 181,662    181,662 
Net book values
Closing balance as at 31 January 2024 14,172    14,172 
Opening balance as at 01 February 2023 16,986    16,986 


5.

Stocks

2024
£
  2023
£
Stocks 65,000    65,000 
65,000    65,000 

6.

Debtors: amounts falling due within one year

2024
£
  2023
£
Other Debtors 106   
106   

7.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 40,786    55,209 
Bank Loans & Overdrafts 11,148    11,148 
Taxation and Social Security 52,065    33,733 
Other Creditors 187,827    121,676 
291,826    221,766 

8.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 12,185    22,316 
12,185    22,316 

9.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 3,543   
Pension Provisions 2,378    2,337 
5,921    2,337 

10.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
50 Ordinary shares of £1.00 each 50    50 
48 Ordinary A shares of £1.00 each 48    48 
1 Ordinary B share of £1.00 each  
1 Ordinary C share of £1.00 each  
100    100 
All shares rank pari passu and have equal voting rights.

11.

Director’s loan

Directors Loan Account

At 31st January 2024, the Directors Loan Account of £177,477 (2023: £107,222) is unsecured, repayable on demand and currently interest free. During the period the director incurred the following transactions:

Director's Loan Account   Balance b/fwd
£
  Advances
£
  Credit
£
  Balance c/fwd
£
Director (107,222) 101,216  (171,471) (177,477)



12.

Control

The company was under the control of the directors in the current and previous year.
2