Company Registration No. 2900762 (England and Wales)
Bains Supersave LTD
Unaudited accounts
for the year ended 30 April 2024
Bains Supersave LTD
Unaudited accounts
Contents
Bains Supersave LTD
Statement of financial position
as at 30 April 2024
Intangible assets
26,008
34,674
Tangible assets
40,485
49,657
Investment property
358,473
358,473
Inventories
130,490
120,804
Cash at bank and in hand
1,305,441
1,264,940
Creditors: amounts falling due within one year
(96,533)
(122,762)
Net current assets
1,449,398
1,372,982
Net assets
1,874,364
1,815,786
Called up share capital
50,000
50,000
Profit and loss account
1,824,364
1,765,786
Shareholders' funds
1,874,364
1,815,786
For the year ending 30 April 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 directors acknowledge their 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 of Directors and authorised for issue on 16 January 2025 and were signed on its behalf by
K S BAINS
Director
Company Registration No. 2900762
Bains Supersave LTD
Notes to the Accounts
for the year ended 30 April 2024
Bains Supersave LTD is a private company, limited by shares, registered in England and Wales, registration number 2900762. The registered office is 86 GRIFFITHS DRIVE, WEDNESFIELD, WOLVERHAMPTON, WEST MIDLANDS, WV11 2JW.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill is written off over fifteen years on a straight line basis.
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 items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
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:
Plant & machinery
15% on the reducing balance
Motor vehicles
25% on the reducing balance
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Bains Supersave LTD
Notes to the Accounts
for the year ended 30 April 2024
4
Intangible fixed assets
Other
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 May 2023
22,995
309,970
332,965
At 30 April 2024
22,995
309,970
332,965
At 1 May 2023
5,748
277,560
283,308
Charge for the year
4,311
4,861
9,172
At 30 April 2024
10,059
282,421
292,480
At 30 April 2024
12,936
27,549
40,485
At 30 April 2023
17,247
32,410
49,657
Fair value at 1 May 2023
358,473
Amounts falling due within one year
Other debtors
110,000
110,000
Bains Supersave LTD
Notes to the Accounts
for the year ended 30 April 2024
8
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
28,998
39,651
Trade creditors
22,560
25,273
Taxes and social security
26,223
23,318
Other creditors
3,000
18,000
Loans from directors
760
760
Allotted, called up and fully paid:
50,000 Ordinary shares of £1 each
50,000
50,000
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan Account
760
-
-
760
11
Average number of employees
During the year the average number of employees was 20 (2023: 23).