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REGISTERED NUMBER: 01890480 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Countrystore Limited

Countrystore Limited (Registered number: 01890480)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Countrystore Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: D M Jones
L S Jones





SECRETARY: L S Jones





REGISTERED OFFICE: Station Hill
Cookham
Berkshire
SL6 9BT





REGISTERED NUMBER: 01890480 (England and Wales)





ACCOUNTANTS: Sweeting & Smedley Limited
2 Church Street
Burnham
Buckinghamshire
SL1 7HZ

Countrystore Limited (Registered number: 01890480)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 317,076 353,110

CURRENT ASSETS
Stocks 134,931 110,961
Debtors 5 56,722 54,049
Cash at bank and in hand 260,186 212,606
451,839 377,616
CREDITORS
Amounts falling due within one year 6 332,576 301,215
NET CURRENT ASSETS 119,263 76,401
TOTAL ASSETS LESS CURRENT
LIABILITIES

436,339

429,511

PROVISIONS FOR LIABILITIES 39,739 41,261
NET ASSETS 396,600 388,250

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 396,598 388,248
SHAREHOLDERS' FUNDS 396,600 388,250

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Countrystore Limited (Registered number: 01890480)

Balance Sheet - continued
29 February 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 Board of Directors and authorised for issue on 24 November 2024 and were signed on its behalf by:





D M Jones - Director


Countrystore Limited (Registered number: 01890480)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Countrystore 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.

Turnover
Turnover is recognised at point of sale and represents amounts receivable for goods net of VAT and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost, 20% on cost, 10% on cost and at varying rates on cost

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2023 - 36 ) .

Countrystore Limited (Registered number: 01890480)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 854,233
Additions 24,229
Disposals (27,226 )
At 29 February 2024 851,236
DEPRECIATION
At 1 March 2023 501,123
Charge for year 60,263
Eliminated on disposal (27,226 )
At 29 February 2024 534,160
NET BOOK VALUE
At 29 February 2024 317,076
At 28 February 2023 353,110

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 6,888 7,014
Other debtors 49,834 47,035
56,722 54,049

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 195,989 223,407
Taxation and social security 35,942 7,448
Other creditors 100,645 70,360
332,576 301,215

7. OTHER FINANCIAL COMMITMENTS

The total financial commitments of the company which are not included in the balance sheet amount to £610,000. Of this amount £60,000 is expiring in 1 year and £600,000 expiring over one year.

8. ULTIMATE CONTROLLING PARTY

The controlling party is Countrystore (Retail) Limited.

The ultimate controlling party is D M Jones.

This is by virtue of Mr D M Jones' majority shareholding in the parent company, Countrystore (Retail) Limited.