Company Registration No. 14146847 (England and Wales)
Shorncliffe Stores Ltd
Unaudited accounts
for the year ended 30 June 2024
Shorncliffe Stores Ltd
Unaudited accounts
Contents
Shorncliffe Stores Ltd
Company Information
for the year ended 30 June 2024
Director
Piratheesan Arulrajah
Company Number
14146847 (England and Wales)
Registered Office
2 Royal Military Avenue
Folkestone
CT20 3EF
England
Shorncliffe Stores Ltd
Statement of financial position
as at 30 June 2024
Called up share capital not paid
1
1
Tangible assets
66,388
86,288
Cash at bank and in hand
81,368
25,358
Creditors: amounts falling due within one year
(123,286)
(84,748)
Net current liabilities
(32,021)
(40,890)
Total assets less current liabilities
34,368
45,399
Creditors: amounts falling due after more than one year
(3,581)
(14,294)
Called up share capital
1
1
Profit and loss account
30,786
31,104
Shareholders' funds
30,787
31,105
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 January 2025 and were signed on its behalf by
Piratheesan Arulrajah
Director
Company Registration No. 14146847
Shorncliffe Stores Ltd
Notes to the Accounts
for the year ended 30 June 2024
Shorncliffe Stores Ltd is a private company, limited by shares, registered in England and Wales, registration number 14146847. The registered office is 2 Royal Military Avenue, Folkestone, CT20 3EF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 June 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 July 2023
39,704
66,484
106,188
At 30 June 2024
39,704
66,484
106,188
At 1 July 2023
9,927
9,973
19,900
Charge for the year
9,927
9,973
19,900
At 30 June 2024
19,854
19,946
39,800
At 30 June 2024
19,850
46,538
66,388
At 30 June 2023
29,777
56,511
86,288
Shorncliffe Stores Ltd
Notes to the Accounts
for the year ended 30 June 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
77,000
-
Obligations under finance leases and hire purchase contracts
10,713
10,713
Taxes and social security
4,665
132
Other creditors
4,490
4,870
Loans from directors
26,418
67,835
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
3,581
14,294
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).