2023-03-01 SC418013 2024-02-28 SC418013 2023-03-01 2024-02-28 SC418013 2023-02-28 SC418013 2022-03-01 2023-02-28 SC418013 uk-core:WithinOneYear 2023-02-28 SC418013 uk-core:WithinOneYear 2024-02-28 SC418013 uk-core:AfterOneYear 2023-02-28 SC418013 uk-core:AfterOneYear 2024-02-28 SC418013 uk-core:RetainedEarningsAccumulatedLosses 2024-02-28 SC418013 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 SC418013 uk-bus:Director1 2023-03-01 2024-02-28 SC418013 uk-core:PlantMachinery 2023-03-01 2024-02-28 SC418013 uk-core:MotorVehicles 2023-03-01 2024-02-28 SC418013 uk-core:FurnitureFittings 2023-03-01 2024-02-28 SC418013 uk-core:FurnitureFittings 2023-02-28 SC418013 uk-core:MotorVehicles 2023-02-28 SC418013 uk-core:PlantMachinery 2023-02-28 SC418013 uk-core:PlantMachinery 2024-02-28 SC418013 uk-core:MotorVehicles 2024-02-28 SC418013 uk-core:FurnitureFittings 2024-02-28 iso4217:GBP xbrli:pure SC418013 uk-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-28 SC418013 uk-bus:FRS102 2023-03-01 2024-02-28 SC418013 uk-bus:FilletedAccounts 2023-03-01 2024-02-28 SC418013 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28
G K R Foodstore Ltd
Registered Number:SC418013
For the year ended 28 February 2024
Scotland
Unaudited Financial Statements
2
For the year ended 28 February 2024
G K R Foodstore Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
SC418013
As at 28 February 2024
G K R Foodstore Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
40,066
48,919
2
40,066
48,919
Current assets
Inventories
114,632
114,632
3
303,427
Cash and cash equivalents
287,001
401,633
418,059
Trade and other payables: amounts falling due within one year
(141,218)
(97,690)
4
276,841
303,943
Net current assets
Total assets less current liabilities
344,009
325,760
Trade and other payables: amounts falling due after more than one
year
(18,196)
(18,196)
5
325,813
Net assets
307,564
Capital and reserves
Retained earnings
325,813
307,564
325,813
307,564
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.
Mr Amran Ali Director
These financial statements were approved and authorised for issue by the Board on 30 November 2024 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 28 February 2024
G K R Foodstore Ltd
Notes to the Financial Statements
Statutory Information
G K R Foodstore Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number SC418013.
Registered address:
Costcutter
1A Central Avenue
Grangemouth
Stirlingshire
FK3 8SD
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, 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:
Plant and machinery
20% Reducing balance
25% Reducing balance
Motor vehicles
15% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2 of 4
5
For the year ended 28 February 2024
G K R Foodstore Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or valuation
At 01 March 2023
117,220
74,307
31,712
11,201
At 28 February 2024
11,201
31,712
74,307
117,220
Provision for depreciation and impairment
At 01 March 2023
68,301
40,903
20,317
7,081
Charge for year
8,853
4,896
3,064
893
At 28 February 2024
77,154
45,799
23,381
7,974
At 28 February 2024
Net book value
3,227
8,331
28,508
40,066
At 28 February 2023
4,120
11,395
33,404
48,919
3. Inventories
2023
2024
£
£
Stocks
114,632
114,632
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
28,034
30,298
Taxation and social security
65,725
106,989
Other creditors
3,931
3,931
97,690
141,218
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
18,196
18,196
6. Average number of persons employed
During the year the average number of employees was 8 (2023 : 9)
3 of 4
6
For the year ended 28 February 2024
G K R Foodstore Ltd
Notes to the Financial Statements Continued
4 of 4