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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
Page
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Bains Supersave LTD Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
26,008 
34,674 
Tangible assets
40,485 
49,657 
Investment property
358,473 
358,473 
424,966 
442,804 
Current assets
Inventories
130,490 
120,804 
Debtors
110,000 
110,000 
Cash at bank and in hand
1,305,441 
1,264,940 
1,545,931 
1,495,744 
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 
Capital and reserves
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
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Bains Supersave LTD Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
3
Accounting policies
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.
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.
Turnover
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
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
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
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.
Pension costs
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.
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Bains Supersave LTD Notes to the Accounts for the year ended 30 April 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 May 2023
180,654 
At 30 April 2024
180,654 
Amortisation
At 1 May 2023
145,980 
Charge for the year
8,666 
At 30 April 2024
154,646 
Net book value
At 30 April 2024
26,008 
At 30 April 2023
34,674 
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 
Depreciation
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 
Net book value
At 30 April 2024
12,936 
27,549 
40,485 
At 30 April 2023
17,247 
32,410 
49,657 
6
Investment property
2024 
£ 
Fair value at 1 May 2023
358,473 
At 30 April 2024
358,473 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
110,000 
110,000 
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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 
VAT
14,992 
15,760 
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 
96,533 
122,762 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
50,000 Ordinary shares of £1 each
50,000 
50,000 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
K S BAINS
Directors Loan Account
760 
- 
- 
760 
760 
- 
- 
760 
11
Average number of employees
During the year the average number of employees was 20 (2023: 23).
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