Company Registration No. SC411136 (Scotland)
AHSAN BARGAIN STORE LTD
Unaudited accounts
for the year ended 30 November 2023
AHSAN BARGAIN STORE LTD
Unaudited accounts
Contents
AHSAN BARGAIN STORE LTD
Company Information
for the year ended 30 November 2023
Company Number
SC411136 (Scotland)
Registered Office
45 BROOMLEA CRESCENT
INCHINNAN
RENFREW
PA4 9PJ
AHSAN BARGAIN STORE LTD
Statement of financial position
as at 30 November 2023
Called up share capital not paid
(2)
(2)
Tangible assets
74,042
74,270
Cash at bank and in hand
180
235
Creditors: amounts falling due within one year
(2,190)
(2,190)
Net current liabilities
(2,010)
(1,955)
Total assets less current liabilities
72,030
72,313
Creditors: amounts falling due after more than one year
(30,852)
(38,088)
Profit and loss account
41,178
34,225
Shareholders' funds
41,178
34,225
For the year ending 30 November 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 director acknowledges his 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 and authorised for issue on 30 August 2024 and were signed on its behalf by
Fahid Amin
Director
Company Registration No. SC411136
AHSAN BARGAIN STORE LTD
Notes to the Accounts
for the year ended 30 November 2023
AHSAN BARGAIN STORE LTD is a private company, limited by shares, registered in Scotland, registration number SC411136. The registered office is 45 BROOMLEA CRESCENT, INCHINNAN, RENFREW, PA4 9PJ.
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.
Turnover represents net invoiced sales of goods, net of valued added tax and trade discounts.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & fittings
18% on reducing balance
Stocks are stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Grants relating to the funding of capital expenditure are credited to deferred income and released to the profit and loss account over the assets anticipated useful life.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful life.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
AHSAN BARGAIN STORE LTD
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 December 2022
73,006
1,542
74,548
At 30 November 2023
73,006
1,542
74,548
At 1 December 2022
-
278
278
Charge for the year
-
228
228
At 30 November 2023
-
506
506
At 30 November 2023
73,006
1,036
74,042
At 30 November 2022
73,006
1,264
74,270
5
Creditors: amounts falling due within one year
2023
2022
6
Creditors: amounts falling due after more than one year
2023
2022
Taxes and social security
1,685
-
Loans from directors
2,553
9,372
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).