IRIS Accounts Production v24.3.2.46 06791346 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false Ordinary iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh067913462023-04-30067913462024-04-30067913462023-05-012024-04-30067913462022-04-30067913462022-05-012023-04-30067913462023-04-3006791346ns15:EnglandWales2023-05-012024-04-3006791346ns14:PoundSterling2023-05-012024-04-3006791346ns10:Director12023-05-012024-04-3006791346ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3006791346ns10:SmallEntities2023-05-012024-04-3006791346ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3006791346ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3006791346ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3006791346ns10:FullAccounts2023-05-012024-04-3006791346ns10:OrdinaryShareClass12023-05-012024-04-3006791346ns10:Director22023-05-012024-04-3006791346ns10:RegisteredOffice2023-05-012024-04-3006791346ns5:CurrentFinancialInstruments2024-04-3006791346ns5:CurrentFinancialInstruments2023-04-3006791346ns5:Non-currentFinancialInstruments2024-04-3006791346ns5:Non-currentFinancialInstruments2023-04-3006791346ns5:ShareCapital2024-04-3006791346ns5:ShareCapital2023-04-3006791346ns5:RetainedEarningsAccumulatedLosses2024-04-3006791346ns5:RetainedEarningsAccumulatedLosses2023-04-3006791346ns5:PlantMachinery2023-05-012024-04-3006791346ns5:LandBuildings2023-04-3006791346ns5:PlantMachinery2023-04-3006791346ns5:LandBuildings2023-05-012024-04-3006791346ns5:LandBuildings2024-04-3006791346ns5:PlantMachinery2024-04-3006791346ns5:LandBuildings2023-04-3006791346ns5:PlantMachinery2023-04-3006791346ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3006791346ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3006791346ns10:OrdinaryShareClass12024-04-30
REGISTERED NUMBER: 06791346 (England and Wales)


Financial Statements for the Year Ended 30 April 2024

for

Michaels Drinkstore Limited

Michaels Drinkstore Limited (Registered number: 06791346)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Michaels Drinkstore Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr Charanjit Singh Sunner
Mrs Saranjit Kaur Sunner





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
West Midlands
CV6 4AD





REGISTERED NUMBER: 06791346 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Michaels Drinkstore Limited (Registered number: 06791346)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 14,748 15,175

CURRENT ASSETS
Inventories 56,474 55,519
Debtors 5 18,174 19,116
Cash at bank and in hand 68,664 93,978
143,312 168,613
CREDITORS
Amounts falling due within one year 6 66,503 76,183
NET CURRENT ASSETS 76,809 92,430
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,557

107,605

CREDITORS
Amounts falling due after more than one
year

7

34,837

40,105
NET ASSETS 56,720 67,500

CAPITAL AND RESERVES
Called up share capital 8 3 3
Retained earnings 56,717 67,497
SHAREHOLDERS' FUNDS 56,720 67,500

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Michaels Drinkstore Limited (Registered number: 06791346)

Statement of Financial Position - continued
30 April 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 24 January 2025 and were signed on its behalf by:





Mr Charanjit Singh Sunner - Director


Michaels Drinkstore Limited (Registered number: 06791346)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Michaels Drinkstore Limited is a private company, limited by shares , registered in England and Wales. 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 10,000 50,395 60,395
Additions - 760 760
At 30 April 2024 10,000 51,155 61,155
DEPRECIATION
At 1 May 2023 - 45,220 45,220
Charge for year - 1,187 1,187
At 30 April 2024 - 46,407 46,407
NET BOOK VALUE
At 30 April 2024 10,000 4,748 14,748
At 30 April 2023 10,000 5,175 15,175

Michaels Drinkstore Limited (Registered number: 06791346)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 17,761 17,761
Other debtors 413 1,355
18,174 19,116

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 32,890 37,390
Taxation and social security 28,866 30,079
Other creditors 4,747 8,714
66,503 76,183

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 34,837 40,105

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
3 Ordinary £ 3 3