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REGISTERED NUMBER: 10883350 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31st July 2024

for

Go Store (Chesterfield) Limited

Go Store (Chesterfield) Limited (Registered number: 10883350)






Contents of the Financial Statements
for the Year Ended 31st July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 11

Go Store (Chesterfield) Limited

Company Information
for the Year Ended 31st July 2024







DIRECTORS: S R Molyneux
Mrs P J Molyneux





REGISTERED OFFICE: Unit 8
Shepcote Office Village
Sheffield
S9 1TG





REGISTERED NUMBER: 10883350 (England and Wales)





ACCOUNTANTS: Shorts Chartered Accountants
Cedar House
63 Napier Street
Sheffield
S11 8HA

Go Store (Chesterfield) Limited (Registered number: 10883350)

Balance Sheet
31st July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,063 2,125
Tangible assets 5 1,051,170 1,079,923
1,052,233 1,082,048

CURRENT ASSETS
Debtors 6 162,603 113,877
Cash at bank and in hand 73,084 75,566
235,687 189,443
CREDITORS
Amounts falling due within one year 7 78,001 59,791
NET CURRENT ASSETS 157,686 129,652
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,209,919

1,211,700

CREDITORS
Amounts falling due after more than one
year

8

(799,196

)

(814,958

)

PROVISIONS FOR LIABILITIES (82,776 ) (86,872 )
NET ASSETS 327,947 309,870

CAPITAL AND RESERVES
Called up share capital 10 2 2
Revaluation reserve 11 298,730 298,730
Retained earnings 29,215 11,138
SHAREHOLDERS' FUNDS 327,947 309,870

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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.

Go Store (Chesterfield) Limited (Registered number: 10883350)

Balance Sheet - continued
31st July 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 3rd February 2025 and were signed on its behalf by:





S R Molyneux - Director


Go Store (Chesterfield) Limited (Registered number: 10883350)

Notes to the Financial Statements
for the Year Ended 31st July 2024

1. STATUTORY INFORMATION

Go Store (Chesterfield) 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 as modified by the revaluation of certain assets.

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

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.

Website development is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - not provided
Improvements to property - 10% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss.If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Go Store (Chesterfield) Limited (Registered number: 10883350)

Notes to the Financial Statements - continued
for the Year Ended 31st July 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Currency presentation
The financial statements are presented in Sterling (£) which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Financial instruments
The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues" of FRS 102 to all of its financial Instruments.
Financial Instruments are recognised in the company's balance sheet when it becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Government grants
Grants received from Government are recorded in the accounting period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

Go Store (Chesterfield) Limited (Registered number: 10883350)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st August 2023
and 31st July 2024 5,312
AMORTISATION
At 1st August 2023 3,187
Charge for year 1,062
At 31st July 2024 4,249
NET BOOK VALUE
At 31st July 2024 1,063
At 31st July 2023 2,125

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST OR VALUATION
At 1st August 2023
and 31st July 2024 950,000 120,357 44,892
DEPRECIATION
At 1st August 2023 - 44,752 32,107
Charge for year - 12,035 6,145
At 31st July 2024 - 56,787 38,252
NET BOOK VALUE
At 31st July 2024 950,000 63,570 6,640
At 31st July 2023 950,000 75,605 12,785

Go Store (Chesterfield) Limited (Registered number: 10883350)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST OR VALUATION
At 1st August 2023
and 31st July 2024 3,881 58,998 3,056 1,181,184
DEPRECIATION
At 1st August 2023 3,881 19,287 1,234 101,261
Charge for year - 9,928 645 28,753
At 31st July 2024 3,881 29,215 1,879 130,014
NET BOOK VALUE
At 31st July 2024 - 29,783 1,177 1,051,170
At 31st July 2023 - 39,711 1,822 1,079,923

Cost or valuation at 31st July 2024 is represented by:

Improvements
Freehold to Plant and
property property machinery
£    £    £   
Valuation in 2021 16,525 - -
Valuation in 2022 282,205 - -
Cost 651,270 120,357 44,892
950,000 120,357 44,892

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Valuation in 2021 - - - 16,525
Valuation in 2022 - - - 282,205
Cost 3,881 58,998 3,056 882,454
3,881 58,998 3,056 1,181,184

Go Store (Chesterfield) Limited (Registered number: 10883350)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

5. TANGIBLE FIXED ASSETS - continued

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.7.24 31.7.23
£    £   
Cost 771,627 771,627
Aggregate depreciation 56,787 44,752

Value of land in freehold land and buildings 200,000 200,000

Freehold land and buildings were valued on an open market basis on 29th July 2022 by SMC Brownill Vickers .

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 1st August 2023
and 31st July 2024 58,998
DEPRECIATION
At 1st August 2023 19,287
Charge for year 9,928
At 31st July 2024 29,215
NET BOOK VALUE
At 31st July 2024 29,783
At 31st July 2023 39,711

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 162,603 113,877

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 34,000 30,001
Hire purchase contracts 4,376 4,376
Taxation and social security 33,951 21,212
Other creditors 5,674 4,202
78,001 59,791

Go Store (Chesterfield) Limited (Registered number: 10883350)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 568,707 599,333
Hire purchase contracts 32,331 36,706
Other creditors 198,158 178,919
799,196 814,958

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 446,000 470,000

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank loans 602,707 629,334
Hire purchase contracts 36,707 41,082
639,414 670,416

The bank loan is secured by fixed charge over the property to which it relates.

The hire purchase creditor is secured over the asset to which it relates.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
2 Ordinary £1 2 2

11. RESERVES
Revaluation
reserve
£   
At 1st August 2023
and 31st July 2024 298,730

Go Store (Chesterfield) Limited (Registered number: 10883350)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

12. RELATED PARTY DISCLOSURES

Included within debtors, are amounts owed from related parties.


20242023
Brosterfield Farm£38,434£27,661
Go Store (Baden) Ltd£93,549£86,216
Go Store (Foolow) Ltd£5,400£nil


Included within creditors, are amounts owed to related parties. Brosterfield Investments are owed £198,158 (2023: £178,919).

Go Store (Chesterfield) Limited

Report of the Accountants to the Directors of
Go Store (Chesterfield) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st July 2024 set out on pages three to thirteen and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Shorts Chartered Accountants
Cedar House
63 Napier Street
Sheffield
S11 8HA


3rd February 2025