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REGISTERED NUMBER: 06059312 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

GREAT BARFORD STORES LIMITED

GREAT BARFORD STORES LIMITED (REGISTERED NUMBER: 06059312)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GREAT BARFORD STORES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: S Webster
L Jones
K G Knipe





SECRETARY: S Webster





REGISTERED OFFICE: 8-10 High Street
Great Barford
Bedford
Bedfordshire
MK44 3LB





REGISTERED NUMBER: 06059312 (England and Wales)





ACCOUNTANTS: Baker Noel
Cheribourne House
45A Station Road
Willington
Bedford
Bedfordshire
MK44 3QL

GREAT BARFORD STORES LIMITED (REGISTERED NUMBER: 06059312)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 100,800 113,400
Tangible assets 5 352,087 360,617
452,887 474,017

CURRENT ASSETS
Stocks 40,651 40,406
Debtors 6 563 762
Cash at bank and in hand 2,398 2,730
43,612 43,898
CREDITORS
Amounts falling due within one year 7 132,823 123,985
NET CURRENT LIABILITIES (89,211 ) (80,087 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

363,676

393,930

CREDITORS
Amounts falling due after more than one
year

8

(137,070

)

(177,395

)

PROVISIONS FOR LIABILITIES (23,773 ) (24,601 )
NET ASSETS 202,833 191,934

CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 162,024 163,932
Retained earnings 40,709 27,902
SHAREHOLDERS' FUNDS 202,833 191,934

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 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.

GREAT BARFORD STORES LIMITED (REGISTERED NUMBER: 06059312)

BALANCE SHEET - 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 Board of Directors and authorised for issue on 19 December 2024 and were signed on its behalf by:




S Webster - Director



K G Knipe - Director


GREAT BARFORD STORES LIMITED (REGISTERED NUMBER: 06059312)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Great Barford 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 as modified by the revaluation of certain assets.

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 2007, is being amortised evenly over its estimated useful life of twenty five 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.
Land and buildings - 1 % on revalued amount
Plant and machinery etc - 20% on cost

On transition to FRS102 section 1A, the company has taken advantage of the transitional relief to show the revalued amounts at deemed cost.

The excess depreciation on the revalued amount is transferred from the profit and loss to the revaluation reserve over the remaining life of the asset.

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 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.

GREAT BARFORD STORES LIMITED (REGISTERED NUMBER: 06059312)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 315,000
AMORTISATION
At 1 June 2023 201,600
Charge for year 12,600
At 31 May 2024 214,200
NET BOOK VALUE
At 31 May 2024 100,800
At 31 May 2023 113,400

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 June 2023 400,000 77,917 477,917
Additions - 542 542
At 31 May 2024 400,000 78,459 478,459
DEPRECIATION
At 1 June 2023 52,000 65,300 117,300
Charge for year 4,000 5,072 9,072
At 31 May 2024 56,000 70,372 126,372
NET BOOK VALUE
At 31 May 2024 344,000 8,087 352,087
At 31 May 2023 348,000 12,617 360,617

Cost or valuation at 31 May 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2010 190,763 - 190,763
Cost 209,237 78,459 287,696
400,000 78,459 478,459

GREAT BARFORD STORES LIMITED (REGISTERED NUMBER: 06059312)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. TANGIBLE FIXED ASSETS - continued

If land and buildings had not been revalued they would have been included at the following historical cost:

31.5.24 31.5.23
£    £   
Cost 209,237 209,237
Aggregate depreciation 48,619 46,732

Land and buildings were valued on an open market basis on 4 October 2010 by Pinders .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 563 762

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 40,500 40,500
Trade creditors 26,042 20,031
Taxation and social security 22,588 22,196
Other creditors 43,693 41,258
132,823 123,985

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 137,070 177,395

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 43,390 60,262

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans 177,570 217,895

The bank loan is secured on the property.

GREAT BARFORD STORES LIMITED (REGISTERED NUMBER: 06059312)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Revaluation
reserve
£   
At 1 June 2023 163,932
Transfer between reserves (1,908 )

At 31 May 2024 162,024