2023-03-01 04645319 2024-02-28 04645319 2023-03-01 2024-02-28 04645319 2023-02-28 04645319 2022-03-01 2023-02-28 04645319 uk-core:WithinOneYear 2023-02-28 04645319 uk-core:WithinOneYear 2024-02-28 04645319 uk-core:AfterOneYear 2023-02-28 04645319 uk-core:AfterOneYear 2024-02-28 04645319 uk-core:ShareCapital 2024-02-28 04645319 uk-core:ShareCapital 2023-02-28 04645319 uk-core:RetainedEarningsAccumulatedLosses 2024-02-28 04645319 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 04645319 uk-bus:Director1 2023-03-01 2024-02-28 04645319 uk-core:LeaseholdImprovements 2023-03-01 2024-02-28 04645319 uk-core:ComputerEquipment 2023-03-01 2024-02-28 04645319 uk-core:FurnitureFittings 2023-03-01 2024-02-28 04645319 uk-core:Goodwill 2023-02-28 04645319 uk-core:Goodwill 2024-02-28 04645319 uk-core:ComputerEquipment 2023-02-28 04645319 uk-core:FurnitureFittings 2023-02-28 04645319 uk-core:LeaseholdImprovements 2023-02-28 04645319 uk-core:LeaseholdImprovements 2024-02-28 04645319 uk-core:FurnitureFittings 2024-02-28 04645319 uk-core:ComputerEquipment 2024-02-28 04645319 uk-core:WithinOneYear 2024-02-28 04645319 uk-core:WithinOneYear 2023-02-28 04645319 uk-core:AfterOneYear uk-core:Secured 2024-02-28 04645319 uk-core:AfterOneYear uk-core:Secured 2023-02-28 04645319 2 uk-bus:Director2 2023-03-01 2024-02-28 04645319 2 uk-bus:Director2 2023-02-28 04645319 2 uk-bus:Director2 2024-02-28 04645319 3 uk-bus:Director1 2023-03-01 2024-02-28 04645319 3 uk-bus:Director1 2023-02-28 04645319 3 uk-bus:Director1 2024-02-28 04645319 uk-core:BetweenTwoFiveYears 2023-02-28 04645319 uk-core:BetweenTwoFiveYears 2024-02-28 iso4217:GBP xbrli:pure 04645319 uk-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-28 04645319 uk-bus:FRS102 2023-03-01 2024-02-28 04645319 uk-bus:FilletedAccounts 2023-03-01 2024-02-28 04645319 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28
Settle Retail Limited
Registered Number:04645319
For the year ended 28 February 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2024
Settle Retail Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
04645319
As at 28 February 2024
Settle Retail Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
8,376
8,465
3
8,376
8,465
Current assets
Inventories
216,750
218,000
4
Trade and other receivables
93,183
82,780
5
18,618
Cash and cash equivalents
-
300,780
328,551
Trade and other payables: amounts falling due within one
year
(190,002)
(159,460)
6
138,549
141,320
Net current assets
Total assets less current liabilities
149,696
147,014
Trade and other payables: amounts falling due after more
than one year
(23,412)
(13,172)
7
136,524
Net assets
123,602
Capital and reserves
Called up share capital
100
100
Retained earnings
136,424
123,502
136,524
123,602
Shareholders' funds
For the year ended 28 February 2024 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 of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
M Sheldrick Director
These financial statements were approved and authorised for issue by the Board on 15 November 2024 and were signed by:
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4
Registered Number :
04645319
For the year ended 28 February 2024
Settle Retail Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 28 February 2024
Settle Retail Limited
Notes to the Financial Statements
Statutory Information
Settle Retail Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 04645319.
Registered address:
1 Howard Lodge
16 Mount Sion
Tunbridge Wells
Kent
TN1 1UF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration receivable, excluding discounts, rebates and value added tax.
Property, plant and equipment
Property, plant and equipment, 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:
Tenants improvements
over lease term
25% Straight line
Computer Equipment and Website
25% Straight line
Equip't, fixtures and fittings
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 March 2023
67,000
At 28 February 2024
67,000
Amortisation
At 01 March 2023
67,000
At 28 February 2024
67,000
Net book value
At 28 February 2024
-
At 28 February 2023
-
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6
For the year ended 28 February 2024
Settle Retail Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment
Total
Computer
Equipment
and Website
Equip't,
fixtures and
fittings
Tenants
improvements
£
£
£
£
Cost or
valuation
At 01 March 2023
56,192
34,071
4,761
17,360
1,729
1,729
-
-
Additions
At 28 February 2024
17,360
4,761
35,800
57,921
Provision for depreciation and impairment
At 01 March 2023
47,727
25,995
4,373
17,359
Charge for year
1,818
1,619
199
-
At 28 February 2024
49,545
27,614
4,572
17,359
At 28 February 2024
Net book value
1
189
8,186
8,376
At 28 February 2023
1
388
8,076
8,465
4. Inventories
2023
2024
£
£
Stocks
218,000
216,750
5. Trade and other receivables
2023
2024
£
£
Other debtors
82,780
93,183
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
13,657
9,800
Trade creditors
64,996
53,418
Taxation and social security
41,401
47,486
Other creditors
39,406
79,298
159,460
190,002
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7
For the year ended 28 February 2024
Settle Retail Limited
Notes to the Financial Statements Continued
7. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
13,172
23,412
8. Directors advances and guarantees
Loaned
Repaid
Interest
At 01/03/2023
At 28/02/2024
£
£
£
£
£
R Sheldrick
Directors Loan
36,186
32,878
32,194
36,186
684
36,186
32,878
32,194
36,186
684
M Sheldrick
Directors Loan
38,527
35,329
34,598
38,527
731
38,527
35,329
34,598
38,527
731
9. Guarantees and other financial commitments
Lease commitments
At 28 February 2024 the company had annual commitments under non-cancellable operating leases as set out
below:
2023
£
2024
£
Operating leases which expire:
37,000
37,000
Within 2 to 5 years
37,000
37,000
10. Average number of persons employed
During the year the average number of employees was 6 (2023 : 6)
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