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REGISTERED NUMBER: NI047946 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Deansbridge Supermarket Limited

Deansbridge Supermarket Limited (Registered number: NI047946)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Deansbridge Supermarket Limited

Company Information
for the year ended 31 May 2024







DIRECTORS: D H Cuttle
S D Cuttle





SECRETARY: Mrs G Cuttle





REGISTERED OFFICE: 19a Portadown Road
Armagh
Co. Armagh
BT61 9DF





REGISTERED NUMBER: NI047946 (Northern Ireland)





ACCOUNTANTS: Cleaver Black
Chartered Accountants
Suite 5 Ormeau House
91-97 Ormeau Road
Belfast
Co. Antrim
BT7 1SH

Deansbridge Supermarket Limited (Registered number: NI047946)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 1 5,554
Tangible assets 5 197,788 249,568
197,789 255,122

CURRENT ASSETS
Stocks 6 196,537 185,017
Debtors 7 12,260 11,086
Investments 8 216,106 352,556
Cash at bank and in hand 894,094 727,546
1,318,997 1,276,205
CREDITORS
Amounts falling due within one year 9 (533,492 ) (543,044 )
NET CURRENT ASSETS 785,505 733,161
TOTAL ASSETS LESS CURRENT
LIABILITIES

983,294

988,283

PROVISIONS FOR LIABILITIES 10 (29,177 ) (37,095 )
NET ASSETS 954,117 951,188

CAPITAL AND RESERVES
Called up share capital 133,600 216,000
Capital redemption reserve 167,400 85,000
Retained earnings 653,117 650,188
SHAREHOLDERS' FUNDS 954,117 951,188

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

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

Deansbridge Supermarket Limited (Registered number: NI047946)

Balance Sheet - continued
31 May 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 3 July 2024 and were signed on its behalf by:




D H Cuttle - Director



S D Cuttle - Director


Deansbridge Supermarket Limited (Registered number: NI047946)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Deansbridge Supermarket Limited is a private company, limited by shares , registered in Northern Ireland. 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 2003, is being amortised evenly over its estimated useful life of twenty 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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Patents & licences
The company acquired a licence to operate an off licence in 2005, and this is being written off over 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 5% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 10% on reducing balance

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 and deferred 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 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.


Deansbridge Supermarket Limited (Registered number: NI047946)

Notes to the Financial Statements - continued
for the year ended 31 May 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 36 (2023 - 36 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 221,829 97,500 319,329
AMORTISATION
At 1 June 2023 216,275 97,500 313,775
Charge for year 5,553 - 5,553
At 31 May 2024 221,828 97,500 319,328
NET BOOK VALUE
At 31 May 2024 1 - 1
At 31 May 2023 5,554 - 5,554

Deansbridge Supermarket Limited (Registered number: NI047946)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 June 2023 276,729 765,541 84,185 21,303 1,147,758
Additions - - 330 - 330
At 31 May 2024 276,729 765,541 84,515 21,303 1,148,088
DEPRECIATION
At 1 June 2023 181,982 670,068 40,816 5,324 898,190
Charge for year 18,949 19,095 8,740 5,326 52,110
At 31 May 2024 200,931 689,163 49,556 10,650 950,300
NET BOOK VALUE
At 31 May 2024 75,798 76,378 34,959 10,653 197,788
At 31 May 2023 94,747 95,473 43,369 15,979 249,568

6. STOCKS
2024 2023
£    £   
Finished goods 196,537 185,017

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,610 5,771
Voucher Control a/c 131 437
Prepayments and accrued income 5,519 4,878
12,260 11,086

8. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Rathbones investments 102,035 241,922
Prudential bond 114,071 110,634
216,106 352,556

Deansbridge Supermarket Limited (Registered number: NI047946)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 396,104 401,077
Tax 66,346 58,031
Social security and other taxes 32,401 22,272
VAT 27,389 29,568
Other creditors - Paypoint 2,545 5,240
Other creditors - Charity Dona 1,085 1,000
Other creditors - Plastic bags 1,562 1,496
Directors' current accounts 750 19,050
Accrued expenses 5,310 5,310
533,492 543,044

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 29,177 37,095

Deferred
tax
£   
Balance at 1 June 2023 37,095
Provided during year (7,918 )
Balance at 31 May 2024 29,177