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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
Page
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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
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Shorncliffe Stores Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Called up share capital not paid
1 
1 
Fixed assets
Tangible assets
66,388 
86,288 
Current assets
Inventories
8,501 
18,500 
Debtors
1,396 
- 
Cash at bank and in hand
81,368 
25,358 
91,265 
43,858 
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)
Net assets
30,787 
31,105 
Capital and reserves
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
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Shorncliffe Stores Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Motor vehicles
25%
Fixtures & fittings
15%
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 
Depreciation
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 
Net book value
At 30 June 2024
19,850 
46,538 
66,388 
At 30 June 2023
29,777 
56,511 
86,288 
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Shorncliffe Stores Ltd Notes to the Accounts for the year ended 30 June 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,396 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
77,000 
- 
VAT
- 
1,198 
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 
123,286 
84,748 
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).
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