WARREN PARK STORES LTD

Company Registration Number:
NI049156 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

WARREN PARK STORES LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

WARREN PARK STORES LTD

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 3,960 3,960
Tangible assets: 4 64,104 66,715
Total fixed assets: 68,064 70,675
Current assets
Stocks: 10,000 7,500
Debtors:   2,412
Cash at bank and in hand: 96,799 102,363
Total current assets: 109,211 109,863
Creditors: amounts falling due within one year:   (15,560) (27,368)
Net current assets (liabilities): 93,651 82,495
Total assets less current liabilities: 161,715 153,170
Total net assets (liabilities): 161,715 153,170
Capital and reserves
Called up share capital: 5 5
Profit and loss account: 161,710 153,165
Shareholders funds: 161,715 153,170

The notes form part of these financial statements

WARREN PARK STORES LTD

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 05 November 2024
and signed on behalf of the board by:

Name: Paul Johnson
Status: Director

The notes form part of these financial statements

WARREN PARK STORES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc - 10% on reducing balance

Intangible fixed assets and amortisation policy

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years. Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Valuation and information policy

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Other accounting policies

Taxation Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. 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 year 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. Pension costs and other post-retirement benefits The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

WARREN PARK STORES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 8 9

WARREN PARK STORES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Intangible Assets

Total
Cost £
At 01 April 2023 13,032
At 31 March 2024 13,032
Amortisation
At 01 April 2023 9,072
At 31 March 2024 9,072
Net book value
At 31 March 2024 3,960
At 31 March 2023 3,960

WARREN PARK STORES LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible Assets

Total
Cost £
At 01 April 2023 131,555
Additions 4,229
At 31 March 2024 135,784
Depreciation
At 01 April 2023 64,840
Charge for year 6,840
At 31 March 2024 71,680
Net book value
At 31 March 2024 64,104
At 31 March 2023 66,715