Registered Number:SC418013 |
For the year ended 28 February 2024
Scotland
Unaudited Financial Statements
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
G K R Foodstore Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
40,066
48,919
2
40,066
48,919
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
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. |
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
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. |
Costcutter
1A Central Avenue
Grangemouth
Stirlingshire
FK3 8SD
The presentation currency is £ sterling. |
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
Motor vehicles
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
For the year ended 28 February 2024
G K R Foodstore Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
117,220
74,307
31,712
11,201
11,201
31,712
74,307
117,220
Provision for depreciation and impairment |
68,301
40,903
20,317
7,081
Charge for year
8,853
4,896
3,064
893
77,154
45,799
23,381
7,974
3,227
8,331
28,508
40,066
4,120
11,395
33,404
48,919
2023
2024
114,632
114,632
4. Trade and other payables: amounts falling due within one year |
2023
2024
28,034
30,298
Taxation and social security |
65,725
106,989
3,931
3,931
97,690
141,218
5. Trade and other payables: amounts falling due after more than one year |
2023
2024
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
For the year ended 28 February 2024
G K R Foodstore Ltd
Notes to the Financial Statements Continued
4 of 4