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REGISTERED NUMBER: 13465957 (England and Wales)


Financial Statements for the Year Ended 31 May 2024

for

Somerton Stores Ltd

Somerton Stores Ltd (Registered number: 13465957)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Somerton Stores Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr Inderjit Singh





REGISTERED OFFICE: 46 Somerton Road
Newport
NP19 8LD





REGISTERED NUMBER: 13465957 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Somerton Stores Ltd (Registered number: 13465957)

Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,225 6,967

CURRENT ASSETS
Stocks 49,845 46,757
Cash at bank and in hand 81,748 69,562
131,593 116,319
CREDITORS
Amounts falling due within one year 5 128,714 116,781
NET CURRENT ASSETS/(LIABILITIES) 2,879 (462 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,104

6,505

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings 8,103 6,504
SHAREHOLDERS' FUNDS 8,104 6,505

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Somerton Stores Ltd (Registered number: 13465957)

Statement of Financial Position - continued
31 May 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 director and authorised for issue on 28 November 2024 and were signed by:





Mr Inderjit Singh - Director


Somerton Stores Ltd (Registered number: 13465957)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Somerton Stores Ltd 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 represents net sales of invoiced goods and services excluding Value Added Tax.

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 11,790
DEPRECIATION
At 1 June 2023 4,823
Charge for year 1,742
At 31 May 2024 6,565
NET BOOK VALUE
At 31 May 2024 5,225
At 31 May 2023 6,967

Somerton Stores Ltd (Registered number: 13465957)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 32,705 2,145
Taxation and social security 3,382 2,759
Other creditors 92,627 111,877
128,714 116,781

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
1 Ordinary £1 1 1