5 false false false false false false false false false false true false false false false false false No description of principal activity 2023-06-01 Sage Accounts Production Advanced 2024 - FRS102_2024 5,000 3,400 200 3,600 1,400 1,600 xbrli:pure xbrli:shares iso4217:GBP 08525061 2023-06-01 2024-05-31 08525061 2024-05-31 08525061 2023-05-31 08525061 2022-06-01 2023-05-31 08525061 2023-05-31 08525061 2022-05-31 08525061 core:NetGoodwill 2023-06-01 2024-05-31 08525061 core:FurnitureFittings 2023-06-01 2024-05-31 08525061 core:MotorVehicles 2023-06-01 2024-05-31 08525061 bus:Director1 2023-06-01 2024-05-31 08525061 core:NetGoodwill 2023-05-31 08525061 core:NetGoodwill 2024-05-31 08525061 core:LandBuildings 2023-05-31 08525061 core:FurnitureFittings 2023-05-31 08525061 core:LandBuildings 2024-05-31 08525061 core:FurnitureFittings 2024-05-31 08525061 core:MotorVehicles 2024-05-31 08525061 core:WithinOneYear 2024-05-31 08525061 core:WithinOneYear 2023-05-31 08525061 core:AfterOneYear 2024-05-31 08525061 core:AfterOneYear 2023-05-31 08525061 core:ShareCapital 2024-05-31 08525061 core:ShareCapital 2023-05-31 08525061 core:RetainedEarningsAccumulatedLosses 2024-05-31 08525061 core:RetainedEarningsAccumulatedLosses 2023-05-31 08525061 core:NetGoodwill 2023-05-31 08525061 core:LandBuildings 2023-05-31 08525061 core:FurnitureFittings 2023-05-31 08525061 bus:Director1 2023-05-31 08525061 bus:Director1 2024-05-31 08525061 bus:Director1 2022-05-31 08525061 bus:Director1 2023-05-31 08525061 bus:Director1 2022-06-01 2023-05-31 08525061 bus:SmallEntities 2023-06-01 2024-05-31 08525061 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 08525061 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 08525061 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08525061 bus:FullAccounts 2023-06-01 2024-05-31
COMPANY REGISTRATION NUMBER: 08525061
A&H Superstore Limited
Filleted Unaudited Financial Statements
31 May 2024
A&H Superstore Limited
Statement of Financial Position
31 May 2024
2024
2023
Note
£
£
£
Fixed assets
Intangible assets
5
1,400
1,600
Tangible assets
6
31,844
25,746
--------
--------
33,244
27,346
Current assets
Stocks
58,874
51,896
Debtors
7
13,174
12,905
Cash at bank and in hand
12,515
23,180
--------
--------
84,563
87,981
Creditors: amounts falling due within one year
8
98,528
87,322
--------
--------
Net current (liabilities)/assets
( 13,965)
659
--------
--------
Total assets less current liabilities
19,279
28,005
Creditors: amounts falling due after more than one year
9
9,601
19,603
--------
--------
Net assets
9,678
8,402
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
9,578
8,302
-------
-------
Shareholders funds
9,678
8,402
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
A&H Superstore Limited
Statement of Financial Position (continued)
31 May 2024
These financial statements were approved by the board of directors and authorised for issue on 5 September 2024 , and are signed on behalf of the board by:
Mr V Lond
Director
Company registration number: 08525061
A&H Superstore Limited
Notes to the Financial Statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 533 Green Lanes, London, N8 0RL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
4% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% reducing balance
Motor vehicles
-
20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Particulars of employees
The average number of persons employed by the company during the year amounted to 5 (2023: 4 ).
5. Intangible assets
Goodwill
£
Cost
At 1 June 2023 and 31 May 2024
5,000
-------
Amortisation
At 1 June 2023
3,400
Charge for the year
200
-------
At 31 May 2024
3,600
-------
Carrying amount
At 31 May 2024
1,400
-------
At 31 May 2023
1,600
-------
6. Tangible assets
Land and buildings
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 June 2023
2,407
62,485
64,892
Additions
531
12,926
13,457
-------
--------
--------
--------
At 31 May 2024
2,407
63,016
12,926
78,349
-------
--------
--------
--------
Depreciation
At 1 June 2023
39,146
39,146
Charge for the year
4,774
2,585
7,359
-------
--------
--------
--------
At 31 May 2024
43,920
2,585
46,505
-------
--------
--------
--------
Carrying amount
At 31 May 2024
2,407
19,096
10,341
31,844
-------
--------
--------
--------
At 31 May 2023
2,407
23,339
25,746
-------
--------
--------
--------
7. Debtors
2024
2023
£
£
Other debtors
13,174
12,905
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
11,232
11,232
Trade creditors
10,694
3,459
Corporation tax
296
2,838
Social security and other taxes
300
1,216
Other creditors
76,006
68,577
--------
--------
98,528
87,322
--------
--------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
9,601
19,603
-------
--------
10. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr V Lond
( 66,063)
( 4,079)
( 70,142)
--------
-------
--------
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr V Lond
( 67,951)
1,888
( 66,063)
--------
-------
--------