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REGISTERED NUMBER: 08633314 (England and Wales)















Financial Statements for the Year Ended 31 August 2024

for

Harston Convenience Store Ltd

Harston Convenience Store Ltd (Registered number: 08633314)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 7

Harston Convenience Store Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mrs Amandip Kaur Benning





REGISTERED OFFICE: 143 Eastfield Road
Peterborough
Cambridgeshire
PE1 4AU





REGISTERED NUMBER: 08633314 (England and Wales)





ACCOUNTANTS: Valani Valani & Co Limited
96 Bridge Street
Peterborough
PE1 1DY

Harston Convenience Store Ltd (Registered number: 08633314)

Statement of Financial Position
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 54,500 54,500
Property, plant and equipment 5 6,237 7,797
60,737 62,297

CURRENT ASSETS
Inventories 6 81,500 78,125
Cash at bank and in hand 23,080 20,689
104,580 98,814
CREDITORS
Amounts falling due within one year 7 88,290 77,905
NET CURRENT ASSETS 16,290 20,909
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,027

83,206

CREDITORS
Amounts falling due after more than
one year

8

17,500

29,354
NET ASSETS 59,527 53,852

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 59,427 53,752
SHAREHOLDERS' FUNDS 59,527 53,852

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Harston Convenience Store Ltd (Registered number: 08633314)

Statement of Financial Position - continued
31 August 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 director and authorised for issue on 14 January 2025 and were signed by:





Mrs Amandip Kaur Benning - Director


Harston Convenience Store Ltd (Registered number: 08633314)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Harston Convenience Store Ltd 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.

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.
Fixtures and fittings - 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 5 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 54,500
NET BOOK VALUE
At 31 August 2024 54,500
At 31 August 2023 54,500

Harston Convenience Store Ltd (Registered number: 08633314)

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

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST
At 1 September 2023
and 31 August 2024 17,857
DEPRECIATION
At 1 September 2023 10,060
Charge for year 1,560
At 31 August 2024 11,620
NET BOOK VALUE
At 31 August 2024 6,237
At 31 August 2023 7,797

6. INVENTORIES
31.8.24 31.8.23
£    £   
Stocks 81,500 78,125

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts - 120
Trade Creditors 23,130 41,821
Wages Payable 2,796 -
Corporation Tax 22,475 27,069
Social security and other taxes 6,794 4,270
Pension 108 87
Value Added Tax 937 3,994
Director's current account 32,050 544
88,290 77,905

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans - 2-5 years 17,500 29,354

Harston Convenience Store Ltd (Registered number: 08633314)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 September 2023 53,752
Profit for the year 32,675
Dividends (27,000 )
At 31 August 2024 59,427

Harston Convenience Store Ltd

Report of the Accountants to the Director of
Harston Convenience Store Ltd

The following reproduces the text of the report prepared for the director 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 August 2024 set out on page nil 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.






Valani Valani & Co Limited
96 Bridge Street
Peterborough
PE1 1DY


Date: .............................................