Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 05701029 Mr Manjit Singh Dhanda Mr Sukhdeep Singh Dhanda Mr Sukhdeep Singh Dhanda iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05701029 2023-02-28 05701029 2024-02-29 05701029 2023-03-01 2024-02-29 05701029 frs-core:CurrentFinancialInstruments 2024-02-29 05701029 frs-core:Non-currentFinancialInstruments 2024-02-29 05701029 frs-core:FurnitureFittings 2024-02-29 05701029 frs-core:FurnitureFittings 2023-03-01 2024-02-29 05701029 frs-core:FurnitureFittings 2023-02-28 05701029 frs-core:MotorVehicles 2024-02-29 05701029 frs-core:MotorVehicles 2023-03-01 2024-02-29 05701029 frs-core:MotorVehicles 2023-02-28 05701029 frs-core:ShareCapital 2024-02-29 05701029 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 05701029 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 05701029 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 05701029 frs-bus:SmallEntities 2023-03-01 2024-02-29 05701029 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 05701029 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 05701029 frs-bus:Director1 2023-03-01 2024-02-29 05701029 frs-bus:Director2 2023-03-01 2024-02-29 05701029 frs-bus:CompanySecretary1 2023-03-01 2024-02-29 05701029 frs-countries:EnglandWales 2023-03-01 2024-02-29 05701029 2022-02-28 05701029 2023-02-28 05701029 2022-03-01 2023-02-28 05701029 frs-core:CurrentFinancialInstruments 2023-02-28 05701029 frs-core:Non-currentFinancialInstruments 2023-02-28 05701029 frs-core:ShareCapital 2023-02-28 05701029 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 05701029
Brixham Convenient Store Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05701029
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,057 23,821
19,057 23,821
CURRENT ASSETS
Stocks 5 70,524 89,270
Cash at bank and in hand 1,594 5,823
72,118 95,093
Creditors: Amounts Falling Due Within One Year 6 (36,854 ) (26,582 )
NET CURRENT ASSETS (LIABILITIES) 35,264 68,511
TOTAL ASSETS LESS CURRENT LIABILITIES 54,321 92,332
Creditors: Amounts Falling Due After More Than One Year 7 (21,501 ) (31,365 )
NET ASSETS 32,820 60,967
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 32,818 60,965
SHAREHOLDERS' FUNDS 32,820 60,967
Page 1
Page 2
For the year ending 29 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Manjit Singh Dhanda
Director
21/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Brixham Convenient Store Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05701029 . The registered office is C/O Oaksourcing Accountancy - Wellington House, Starley Way, Solihull, B37 7HB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% on RBM
Fixtures & Fittings 20 % on RBM
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 March 2023 40,411 56,663 97,074
As at 29 February 2024 40,411 56,663 97,074
Depreciation
As at 1 March 2023 20,908 52,345 73,253
Provided during the period 3,900 864 4,764
As at 29 February 2024 24,808 53,209 78,017
...CONTINUED
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Net Book Value
As at 29 February 2024 15,603 3,454 19,057
As at 1 March 2023 19,503 4,318 23,821
5. Stocks
2024 2023
£ £
Finished goods 70,524 89,270
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 -
Corporation tax 2,421 2,421
Other taxes and social security 3,622 497
VAT 431 782
Net wages 2,719 3,564
Directors' loan accounts 27,660 19,318
36,854 26,582
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 21,501 31,365
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4