IRIS Accounts Production v24.1.0.578 09164766 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false false true false Ordinary 1.00000 Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh091647662023-01-31091647662024-01-31091647662023-02-012024-01-31091647662022-01-31091647662022-02-012023-01-31091647662023-01-3109164766ns15:EnglandWales2023-02-012024-01-3109164766ns14:PoundSterling2023-02-012024-01-3109164766ns10:Director12023-02-012024-01-3109164766ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3109164766ns10:SmallEntities2023-02-012024-01-3109164766ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3109164766ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3109164766ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3109164766ns10:FullAccounts2023-02-012024-01-310916476612023-02-012024-01-3109164766ns10:OrdinaryShareClass12023-02-012024-01-3109164766ns10:Director22023-02-012024-01-3109164766ns10:RegisteredOffice2023-02-012024-01-3109164766ns5:CurrentFinancialInstruments2024-01-3109164766ns5:CurrentFinancialInstruments2023-01-3109164766ns5:Non-currentFinancialInstruments2024-01-3109164766ns5:Non-currentFinancialInstruments2023-01-3109164766ns5:ShareCapital2024-01-3109164766ns5:ShareCapital2023-01-3109164766ns5:RetainedEarningsAccumulatedLosses2024-01-3109164766ns5:RetainedEarningsAccumulatedLosses2023-01-3109164766ns5:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3109164766ns5:ComputerSoftware2023-02-012024-01-3109164766ns5:LeaseholdImprovements2023-02-012024-01-3109164766ns5:FurnitureFittings2023-02-012024-01-3109164766ns5:ComputerSoftware2023-01-3109164766ns5:ComputerSoftware2024-01-3109164766ns5:ComputerSoftware2023-01-3109164766ns5:LeaseholdImprovements2023-01-3109164766ns5:FurnitureFittings2023-01-3109164766ns5:LeaseholdImprovements2024-01-3109164766ns5:FurnitureFittings2024-01-3109164766ns5:LeaseholdImprovements2023-01-3109164766ns5:FurnitureFittings2023-01-3109164766ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3109164766ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3109164766ns10:OrdinaryShareClass12024-01-31
REGISTERED NUMBER: 09164766 (England and Wales)

















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

RETAIL 365 LIMITED

RETAIL 365 LIMITED (REGISTERED NUMBER: 09164766)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


RETAIL 365 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTORS: Mr H Dadabhoy
Mr M Solanki





REGISTERED OFFICE: 130-132 Regent Road
Leicester
LE1 7PG





REGISTERED NUMBER: 09164766 (England and Wales)





ACCOUNTANTS: Watergates Ltd
109 Coleman Road
Leicester
LE5 4LE

RETAIL 365 LIMITED (REGISTERED NUMBER: 09164766)

STATEMENT OF FINANCIAL POSITION
31ST JANUARY 2024

31/1/24 31/1/23
Notes £    £   
FIXED ASSETS
Intangible assets 4 96,597 112,046
Tangible assets 5 457,489 470,623
554,086 582,669

CURRENT ASSETS
Stocks 191,536 236,499
Debtors 6 538,160 962,837
Cash at bank and in hand 285,625 19,383
1,015,321 1,218,719
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

7

(922,220

)

(1,253,595

)
NET CURRENT ASSETS/(LIABILITIES) 93,101 (34,876 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

647,187

547,793

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

8

(544,552

)

(470,190

)

PROVISIONS FOR LIABILITIES (101,537 ) (77,522 )
NET ASSETS 1,098 81

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 1,097 80
SHAREHOLDERS' FUNDS 1,098 81

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st January 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.

RETAIL 365 LIMITED (REGISTERED NUMBER: 09164766)

STATEMENT OF FINANCIAL POSITION - continued
31ST JANUARY 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 15th January 2025 and were signed on its behalf by:





Mr H Dadabhoy - Director


RETAIL 365 LIMITED (REGISTERED NUMBER: 09164766)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024


1. STATUTORY INFORMATION

Retail 365 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

RELATED PARTY EXEMPTION
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Franchise costs is being amortised evenly over its estimated useful life of ten years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 20% on cost
Fixtures and fittings - 20% on cost

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 or deferred taxation assets and liabilities are not discounted.

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 statement of financial position date.


RETAIL 365 LIMITED (REGISTERED NUMBER: 09164766)

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


2. ACCOUNTING POLICIES - continued
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.

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2023 - 41 ) .

4. INTANGIBLE FIXED ASSETS
Franchise
costs
£   
COST
At 1st February 2023
and 31st January 2024 154,490
AMORTISATION
At 1st February 2023 42,444
Amortisation for year 15,449
At 31st January 2024 57,893
NET BOOK VALUE
At 31st January 2024 96,597
At 31st January 2023 112,046

RETAIL 365 LIMITED (REGISTERED NUMBER: 09164766)

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


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1st February 2023 548,095 475,112 1,023,207
Additions 129,362 3,534 132,896
At 31st January 2024 677,457 478,646 1,156,103
DEPRECIATION
At 1st February 2023 112,083 440,501 552,584
Charge for year 128,932 17,098 146,030
At 31st January 2024 241,015 457,599 698,614
NET BOOK VALUE
At 31st January 2024 436,442 21,047 457,489
At 31st January 2023 436,012 34,611 470,623

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors 248,631 293,934
Amounts owed by group undertakings 60,000 360,000
Other debtors 229,529 308,903
538,160 962,837

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Bank loans and overdrafts 102 830
Trade creditors 353,844 514,735
Amounts owed to participating interests 74,349 178,400
Taxation and social security 290,568 238,699
Other creditors 203,357 320,931
922,220 1,253,595

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/24 31/1/23
£    £   
Other creditors 544,552 470,190

RETAIL 365 LIMITED (REGISTERED NUMBER: 09164766)

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


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/1/24 31/1/23
value: £    £   
1 Ordinary £1 1 1

10. ULTIMATE CONTROLLING PARTY

Commture 365 Ltd is regarded by the director as being the Company's ultimate parent company, a company registered in England and Wales, 109 Coleman Road, Leicester, England, LE5 4LE.