Company Registration No. 11223645 (England and Wales)
City Point Convenience Store Ltd
Unaudited accounts
for the period from 1 March 2023 to 28 February 2024
City Point Convenience Store Ltd
Unaudited accounts
Contents
City Point Convenience Store Ltd
Statement of financial position
as at 28 February 2024
Tangible assets
498,166
501,316
Cash at bank and in hand
45,129
18,548
Creditors: amounts falling due within one year
(208,810)
(181,309)
Net current liabilities
(106,992)
(98,583)
Total assets less current liabilities
391,174
402,733
Creditors: amounts falling due after more than one year
(375,101)
(401,989)
Called up share capital
10
10
Profit and loss account
16,063
734
Shareholders' funds
16,073
744
For the period ending 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 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 18 November 2024 and were signed on its behalf by
Mr Jeyachandran Shanmuganathan
Director
Company Registration No. 11223645
City Point Convenience Store Ltd
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
City Point Convenience Store Ltd is a private company, limited by shares, registered in England and Wales, registration number 11223645. The registered office is 53 High Street, Biggleswade, SG18 0JH, United Kingdom.
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 period, 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
Straight line at 20%
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
494,659
13,948
1,439
510,046
At 28 February 2024
494,659
13,948
1,439
510,046
At 1 March 2023
-
8,370
360
8,730
Charge for the period
-
2,790
360
3,150
At 28 February 2024
-
11,160
720
11,880
At 28 February 2024
494,659
2,788
719
498,166
At 28 February 2023
494,659
5,578
1,079
501,316
5
Creditors: amounts falling due within one year
2024
2023
Trade creditors
10,426
14,459
Taxes and social security
11,284
8,594
Other creditors
187,100
158,256
City Point Convenience Store Ltd
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
375,101
401,989
7
Average number of employees
During the period the average number of employees was 3 (2023: 3).