BUYWELL SUPER DISCOUNT CENTRE LIMITED

Company Registration Number:
00987362 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

BUYWELL SUPER DISCOUNT CENTRE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

BUYWELL SUPER DISCOUNT CENTRE LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 1,718,665 2,009,164
Investments: 4 643 643
Total fixed assets: 1,719,308 2,009,807
Current assets
Debtors: 5 745,500 1,440,313
Cash at bank and in hand: 1,999,415 786,821
Total current assets: 2,744,915 2,227,134
Creditors: amounts falling due within one year: 6 (95,425) (99,499)
Net current assets (liabilities): 2,649,490 2,127,635
Total assets less current liabilities: 4,368,798 4,137,442
Provision for liabilities: (161,124) (172,220)
Total net assets (liabilities): 4,207,674 3,965,222
Capital and reserves
Called up share capital: 102 102
Share premium account: 6,739 6,739
Revaluation reserve:7479,034509,127
Profit and loss account: 3,721,799 3,449,254
Shareholders funds: 4,207,674 3,965,222

The notes form part of these financial statements

BUYWELL SUPER DISCOUNT CENTRE LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 November 2024
and signed on behalf of the board by:

Name: Mr S J Goodman
Status: Director

The notes form part of these financial statements

BUYWELL SUPER DISCOUNT CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents rents receivable.

Tangible fixed assets and depreciation policy

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: Motor vehicles - 25% Reducing balance Fixtures and fittings - 15% Reducing balance

Other accounting policies

Investment property Investment properties are included in the balance sheet at their fair value at the balance sheet date. The resulting aggregate surplus or deficit is recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. Deferred tax Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. Hire purchase and leasing commitments Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

BUYWELL SUPER DISCOUNT CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

BUYWELL SUPER DISCOUNT CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 2,169,171
Disposals (265,744)
Revaluations (30,094)
At 31 March 2024 1,873,333
Depreciation
At 01 April 2023 160,007
Charge for year 9,819
On disposals (15,158)
At 31 March 2024 154,668
Net book value
At 31 March 2024 1,718,665
At 31 March 2023 2,009,164

BUYWELL SUPER DISCOUNT CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Fixed investments

Cost at 01 April 2023 and 31 March 2024 - £643 Net book value at 31 March 2024 and 31 March 2023 - £643

BUYWELL SUPER DISCOUNT CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors

2024 2023
££
Debtors due after more than one year: 500,000 500,000

Debtors comprise of: Trade debtors - £1,694 (2023 - £3,256), Amounts owed by group undertakings and participating interests - £222,842 (2023 - £657,167), Other debtors - £520,964 (2023 - £779,890)

BUYWELL SUPER DISCOUNT CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due within one year note

Amounts owed to group undertakings and undertakings in which the company has a participating interest - £2,050 (2023 - £2,050) Taxation and social security - £74,197 (2023 - £56,969) Other creditors - £19,178 (2023 - £40,480)

BUYWELL SUPER DISCOUNT CENTRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

7. Revaluation reserve

2024
£
Balance at 01 April 2023 509,127
Surplus or deficit after revaluation (30,093)
Balance at 31 March 2024 479,034