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REGISTERED NUMBER: 03633462 (England and Wales)















FARTOWN STORES LIMITED

Unaudited Financial Statements

for the Year Ended 30 September 2024






FARTOWN STORES LIMITED (Registered number: 03633462)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FARTOWN STORES LIMITED

Company Information
for the Year Ended 30 September 2024







DIRECTOR: M S Skayee





REGISTERED OFFICE: 1 Park View Court
St Paul's Road
Shipley
West Yorkshire
BD18 3DZ





REGISTERED NUMBER: 03633462 (England and Wales)





ACCOUNTANTS: Maclean & Company
1 Park View Court
St Paul's Road
Shipley
West Yorkshire
BD18 3DZ

FARTOWN STORES LIMITED (Registered number: 03633462)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 347,994 362,878

CURRENT ASSETS
Debtors 5 74,910 81,676
Cash at bank 34,038 31,531
108,948 113,207
CREDITORS
Amounts falling due within one year 6 14,153 14,488
NET CURRENT ASSETS 94,795 98,719
TOTAL ASSETS LESS CURRENT
LIABILITIES

442,789

461,597

CREDITORS
Amounts falling due after more than one
year

7

232,303

242,248
NET ASSETS 210,486 219,349

CAPITAL AND RESERVES
Called up share capital 45,100 45,100
Retained earnings 165,386 174,249
SHAREHOLDERS' FUNDS 210,486 219,349

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

FARTOWN STORES LIMITED (Registered number: 03633462)

Balance Sheet - continued
30 September 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 November 2024 and were signed by:





M S Skayee - Director


FARTOWN STORES LIMITED (Registered number: 03633462)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

FARTOWN 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.

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.

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% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

FARTOWN STORES LIMITED (Registered number: 03633462)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2023
and 30 September 2024 487,622 72,208 16,734 576,564
DEPRECIATION
At 1 October 2023 169,463 34,255 9,968 213,686
Charge for year 9,397 3,795 1,692 14,884
At 30 September 2024 178,860 38,050 11,660 228,570
NET BOOK VALUE
At 30 September 2024 308,762 34,158 5,074 347,994
At 30 September 2023 318,159 37,953 6,766 362,878

Included in cost of land and buildings is freehold land of £ 30,000 (2023 - £ 30,000 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 74,910 81,676

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 9,940 9,940
Taxation 1,413 1,874
Other creditors 2,800 2,674
14,153 14,488

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 213,303 223,248
Other creditors 19,000 19,000
232,303 242,248

Amounts falling due in more than five years:

Repayable by instalments
Bank loan over 5 years 173,543 183,488

FARTOWN STORES LIMITED (Registered number: 03633462)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 223,243 233,188

Certain bank borrowings are secured by a fixed and floating charge over the company's assets.