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REGISTERED NUMBER: NI639675 (Northern Ireland)












Botanic Stores Limited

Unaudited Financial Statements for the Year Ended 31 August 2024






Botanic Stores Limited (Registered number: NI639675)






Contents of the Financial Statements
for the year ended 31 August 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Botanic Stores Limited

Company Information
for the year ended 31 August 2024







Directors: Mrs L O'Kane
Mr D K C O'Kane



Registered office: Units 1-4 The Carriages
Botanic Avenue
Belfast
BT7 1JQ



Registered number: NI639675 (Northern Ireland)



Accountants: Exchange Accountants Limited
Chartered Certified Accountants
Oakmont House
2 Queens Road
Lisburn
BT27 4TZ



Bankers: Danske Bank
Donegal Square West
Belfast
BT1 6JS

Botanic Stores Limited (Registered number: NI639675)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
Fixed assets
Intangible assets 4 - 1,272
Tangible assets 5 68,818 83,087
68,818 84,359

Current assets
Stocks 6 52,041 47,755
Debtors 7 134,700 114,713
Prepayments and accrued income 7,630 6,895
Cash at bank and in hand 191,610 353,063
385,981 522,426
Creditors
Amounts falling due within one year 8 (128,280 ) (169,962 )
Net current assets 257,701 352,464
Total assets less current liabilities 326,519 436,823

Creditors
Amounts falling due after more than one
year

9

(136,081

)

(158,210

)
Net assets 190,438 278,613

Capital and reserves
Called up share capital 12 2 2
Retained earnings 190,436 278,611
Shareholders' funds 190,438 278,613

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Botanic Stores Limited (Registered number: NI639675)

Balance Sheet - continued
31 August 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 21 January 2025 and were signed on its behalf by:





Mrs L O'Kane - Director


Botanic Stores Limited (Registered number: NI639675)

Notes to the Financial Statements
for the year ended 31 August 2024

1. Statutory information

Botanic Stores Limited is a private company, limited by shares , registered in Northern Ireland. 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.

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 2018, is being amortised evenly over its estimated useful life of 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.
Fixtures and fittings - 10% Straight line

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 balance sheet date.

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 11 (2023 - 13 ) .

Botanic Stores Limited (Registered number: NI639675)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 September 2023
and 31 August 2024 35,000
Amortisation
At 1 September 2023 33,728
Amortisation for year 1,272
At 31 August 2024 35,000
Net book value
At 31 August 2024 -
At 31 August 2023 1,272

5. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1 September 2023
and 31 August 2024 142,684
Depreciation
At 1 September 2023 59,597
Charge for year 14,269
At 31 August 2024 73,866
Net book value
At 31 August 2024 68,818
At 31 August 2023 83,087

6. Stocks
2024 2023
£    £   
Stock 52,041 47,755

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Amounts owed by associates 57,005 52,666
Works fund 50,124 48,734
Tax 20,843 -
VAT - 11,621
Prepayments 6,728 1,692
134,700 114,713

Botanic Stores Limited (Registered number: NI639675)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 7,526 7,526
Other loans (see note 10) 12,606 12,606
Trade creditors 36,029 33,412
Corporation tax - 30,151
Social security and other taxes 5,386 5,924
Wages due - 21,514
Pension commitments 1,504 1,483
VAT 12,101 -
Other creditors 24,447 26,664
Directors' current accounts 25,431 28,682
Accrued expenses 3,250 2,000
128,280 169,962

9. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans (see note 10) 7,730 15,097
Other loans (see note 10) 128,351 143,113
136,081 158,210

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 66,591 66,591

10. Loans

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 7,526 7,526
Other loans 12,606 12,606
20,132 20,132

Amounts falling due between one and two years:
Bank loans - 1-2 years 7,526 7,526
Other loans - 1-2 years 12,606 12,606
20,132 20,132

Amounts falling due between two and five years:
Bank loans - 2-5 years 204 7,571
Other loans - 2-5 years 49,154 63,916
49,358 71,487

Botanic Stores Limited (Registered number: NI639675)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

10. Loans - continued
2024 2023
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Other loans more 5yrs non-inst 66,591 66,591

11. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 140,957 155,719

Other loans are secured by way of charge over the company's assets.

12. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2