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Registered number: 15221774
Diva Convenience Stores Ltd
Financial Statements
For the Period 19 October 2023 to 31 October 2024
BBK Partnership
Chartered Accountants & Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 15221774
31 October 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 49,634
49,634
CURRENT ASSETS
Stocks 5 75,986
Debtors 6 13,427
Cash at bank and in hand 2,624
92,037
Creditors: Amounts Falling Due Within One Year 7 (131,083 )
NET CURRENT ASSETS (LIABILITIES) (39,046 )
TOTAL ASSETS LESS CURRENT LIABILITIES 10,588
NET ASSETS 10,588
CAPITAL AND RESERVES
Called up share capital 8 1
Profit and Loss Account 10,587
SHAREHOLDERS' FUNDS 10,588
Page 1
Page 2
For the period ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs R Venkatachalam
Director
10/12/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Diva Convenience Stores Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15221774 . The registered office is 64 Greystones Road, Sheffield, Southyorkshire, S11 7BN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20%
Fixtures & Fittings 20%
Computer Equipment 20%
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 4
4
Page 3
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4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 19 October 2023 - - - -
Additions 39,684 20,059 2,300 62,043
As at 31 October 2024 39,684 20,059 2,300 62,043
Depreciation
As at 19 October 2023 - - - -
Provided during the period 7,937 4,012 460 12,409
As at 31 October 2024 7,937 4,012 460 12,409
Net Book Value
As at 31 October 2024 31,747 16,047 1,840 49,634
As at 19 October 2023 - - - -
5. Stocks
31 October 2024
£
Finished goods 75,986
6. Debtors
31 October 2024
£
Due within one year
Other debtors 13,427
7. Creditors: Amounts Falling Due Within One Year
31 October 2024
£
Trade creditors 31,497
Amounts owed to group undertakings 29,011
Amounts owed to participating interests 10,650
Other creditors 56,343
Taxation and social security 3,582
131,083
Page 4
Page 5
8. Share Capital
31 October 2024
£
Allotted, Called up and fully paid 1
Page 5