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REGISTERED NUMBER: 07367251 (England and Wales)















GEORGE'S MINI MARKET LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






GEORGE'S MINI MARKET LIMITED (REGISTERED NUMBER: 07367251)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GEORGE'S MINI MARKET LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mrs L L Eason
Mr N J Eason





REGISTERED OFFICE: 424 Margate Road
Ramsgate
Kent
CT12 6SJ





REGISTERED NUMBER: 07367251 (England and Wales)





ACCOUNTANTS: Spurling Cannon
King Arthur’s Court
Maidstone Road
Charing
Kent
TN27 0JS

GEORGE'S MINI MARKET LIMITED (REGISTERED NUMBER: 07367251)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,502 8,677
6,502 8,677

CURRENT ASSETS
Stocks 12,250 16,237
Debtors 6 30,426 34,164
Cash at bank and in hand 76,541 73,698
119,217 124,099
CREDITORS
Amounts falling due within one year 7 (104,595 ) (104,224 )
NET CURRENT ASSETS 14,622 19,875
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,124

28,552

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 21,024 28,452
SHAREHOLDERS' FUNDS 21,124 28,552

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.

GEORGE'S MINI MARKET LIMITED (REGISTERED NUMBER: 07367251)

BALANCE SHEET - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by:




Mr N J Eason - Director



Mrs L L Eason - Director


GEORGE'S MINI MARKET LIMITED (REGISTERED NUMBER: 07367251)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

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.

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 - 33% on reducing balance, 25% on cost and 20% on cost

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

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 8 (2023 - 9 ) .

GEORGE'S MINI MARKET LIMITED (REGISTERED NUMBER: 07367251)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 235,000
AMORTISATION
At 1 May 2023
and 30 April 2024 235,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Fixture & Motor Computer
machinery Fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 1,500 3,798 2,000 26,070 33,368
Additions - 999 - 433 1,432
At 30 April 2024 1,500 4,797 2,000 26,503 34,800
DEPRECIATION
At 1 May 2023 1,500 3,090 1,500 18,601 24,691
Charge for year - 358 500 2,749 3,607
At 30 April 2024 1,500 3,448 2,000 21,350 28,298
NET BOOK VALUE
At 30 April 2024 - 1,349 - 5,153 6,502
At 30 April 2023 - 708 500 7,469 8,677

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,454
Amounts owed by group undertakings 2,874 8,347
Sundry debtors 24,011 24,011
Prepayments 3,541 352
30,426 34,164

GEORGE'S MINI MARKET LIMITED (REGISTERED NUMBER: 07367251)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 23,301 32,093
Trade creditors 42,620 52,388
Amounts owed to group undertakings 8,521 -
Corporation Tax 17,485 11,300
Social security and other taxes 1,229 969
VAT 6,837 2,284
Sundry creditors 121 121
Directors' current accounts 73 169
Accrued expenses 4,408 4,900
104,595 104,224

8. ULTIMATE CONTROLLING PARTY

Mrs Lucy Eason is the ultimate controlling party of the company.