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REGISTERED NUMBER: 07435538 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

NAZRAN STORES LIMITED

NAZRAN STORES LIMITED (REGISTERED NUMBER: 07435538)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NAZRAN STORES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mrs M Kaur
S Nazran





REGISTERED OFFICE: 1 Egmanton Road
Bellamy Estate
Mansfield
Nottinghamshire
NG18 4NW





REGISTERED NUMBER: 07435538 (England and Wales)

NAZRAN STORES LIMITED (REGISTERED NUMBER: 07435538)

BALANCE SHEET
30 NOVEMBER 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 195,833 207,500
Tangible assets 5 151,480 156,638
347,313 364,138

CURRENT ASSETS
Stocks 6 43,346 52,871
Debtors 7 1,733 1,548
Cash at bank and in hand 58,779 19,701
103,858 74,120
CREDITORS
Amounts falling due within one year 8 31,930 28,134
NET CURRENT ASSETS 71,928 45,986
TOTAL ASSETS LESS CURRENT
LIABILITIES

419,241

410,124

CREDITORS
Amounts falling due after more than one
year

9

76,861

63,959
NET ASSETS 342,380 346,165

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 11 341,380 345,165
SHAREHOLDERS' FUNDS 342,380 346,165

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

NAZRAN STORES LIMITED (REGISTERED NUMBER: 07435538)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 19 November 2024 and were signed on its behalf by:





S Nazran - Director


NAZRAN STORES LIMITED (REGISTERED NUMBER: 07435538)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Nazran 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of thirty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance

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.

NAZRAN STORES LIMITED (REGISTERED NUMBER: 07435538)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 350,000
AMORTISATION
At 1 December 2022 142,500
Amortisation for year 11,667
At 30 November 2023 154,167
NET BOOK VALUE
At 30 November 2023 195,833
At 30 November 2022 207,500

5. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2022
and 30 November 2023 105,321 97,422 4,670 207,413
DEPRECIATION
At 1 December 2022 - 46,278 4,497 50,775
Charge for year - 5,114 44 5,158
At 30 November 2023 - 51,392 4,541 55,933
NET BOOK VALUE
At 30 November 2023 105,321 46,030 129 151,480
At 30 November 2022 105,321 51,144 173 156,638

NAZRAN STORES LIMITED (REGISTERED NUMBER: 07435538)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

6. STOCKS
30/11/23 30/11/22
£    £   
Stocks 43,346 52,871

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade debtors 1,733 1,548

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade creditors 14,294 15,820
Tax 4,356 1,085
Social security and other taxes 465 9
VAT 2,171 1,752
Other creditors 844 742
NEST 119 345
Accrued expenses 9,681 8,381
31,930 28,134

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/11/23 30/11/22
£    £   
Directors' loan accounts 76,861 63,959

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/11/23 30/11/22
value: £    £   
1,000 Ordinary £1 1,000 1,000

11. RESERVES
Retained
earnings
£   

At 1 December 2022 345,165
Deficit for the year (3,785 )
At 30 November 2023 341,380