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REGISTERED NUMBER: 04372307 (England and Wales)













Unaudited Financial Statements

for the Year Ended 29 April 2024

for

B & S Superstores Limited

B & S Superstores Limited (Registered number: 04372307)






Contents of the Financial Statements
for the Year Ended 29 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B & S Superstores Limited

Company Information
for the Year Ended 29 April 2024







DIRECTORS: B S Aujla
B K Aujla
K Aujla
J Aujla
A Aujla





SECRETARY: K Aujla





REGISTERED OFFICE: Flat Above B & S Superstores Limited
Co-operative Terrace
Houghton le Spring
Tyne and Wear
DH4 6AE





REGISTERED NUMBER: 04372307 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Kepier House
Belmont Business Park
Durham
DH1 1TW

B & S Superstores Limited (Registered number: 04372307)

Balance Sheet
29 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 40,026 73,804
40,026 73,804

CURRENT ASSETS
Stocks 185,657 228,413
Debtors 6 33,158 56,111
Cash at bank and in hand 99,777 75,141
318,592 359,665
CREDITORS
Amounts falling due within one year 7 267,579 348,585
NET CURRENT ASSETS 51,013 11,080
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,039

84,884

CREDITORS
Amounts falling due after more than one
year

8

(11,369

)

(21,594

)

PROVISIONS FOR LIABILITIES 10 (5,857 ) (3,229 )
NET ASSETS 73,813 60,061

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 72,813 59,061
SHAREHOLDERS' FUNDS 73,813 60,061

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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.

B & S Superstores Limited (Registered number: 04372307)

Balance Sheet - continued
29 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:





K Aujla - Director


B & S Superstores Limited (Registered number: 04372307)

Notes to the Financial Statements
for the Year Ended 29 April 2024

1. STATUTORY INFORMATION

B & S Superstores 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition
Revenue from the sale of goods is recognised at the point of sale.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Goodwill has been amortised over its estimated useful life of 20 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 10 - 33% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Stocks
Stocks are valued at the lower of cost and selling price less estimated costs to sell, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


B & S Superstores Limited (Registered number: 04372307)

Notes to the Financial Statements - continued
for the Year Ended 29 April 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 30 April 2023
and 29 April 2024 7,885
AMORTISATION
At 30 April 2023
and 29 April 2024 7,885
NET BOOK VALUE
At 29 April 2024 -
At 29 April 2023 -

B & S Superstores Limited (Registered number: 04372307)

Notes to the Financial Statements - continued
for the Year Ended 29 April 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 30 April 2023 685,698
Additions 5,999
Disposals (234,851 )
At 29 April 2024 456,846
DEPRECIATION
At 30 April 2023 611,894
Charge for year 23,295
Eliminated on disposal (218,369 )
At 29 April 2024 416,820
NET BOOK VALUE
At 29 April 2024 40,026
At 29 April 2023 73,804

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 23,208 44,565
Prepayments and accrued income 9,950 11,546
33,158 56,111

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,225 113,024
Trade creditors 124,842 157,022
Taxation and social security 33,418 20,631
Other creditors 31,516 7,362
Directors' current accounts 51,972 34,940
Accruals and deferred income 15,606 15,606
267,579 348,585

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,484 10,225
Bank loans - 2-5 years 885 11,369
11,369 21,594

B & S Superstores Limited (Registered number: 04372307)

Notes to the Financial Statements - continued
for the Year Ended 29 April 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft - 95,662
Bank loans - 7,389
- 103,051

The bank overdraft is secured on the undertaking of all property and assets present and future of the company.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 5,857 3,229

Deferred
tax
£   
Balance at 30 April 2023 3,229
Accelerated capital allowances 2,628
Balance at 29 April 2024 5,857

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions conducted at a market rate.

There were no related party transactions other than those concluded under normal market conditions, except for those shown below.

2024 2023
£ £
Amounts due to directors 51,972 34,940
No interest has been charged.