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REGISTERED NUMBER: 10776975 (England and Wales)


Financial Statements for the Year Ended 31 May 2024

for

Dar Stores Limited

Dar Stores Limited (Registered number: 10776975)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Dar Stores Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr Rajinder Singh Sohanpal
Mrs Arvinder Kaur Sohanpal





REGISTERED OFFICE: Unit 1 The Square Building
Merthyr Road
Troedyrhiw
Merthyr Tydfil
CF48 4AN





REGISTERED NUMBER: 10776975 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Dar Stores Limited (Registered number: 10776975)

Statement of Financial Position
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 561,264 526,911
Investments 5 100 100
561,364 527,011

CURRENT ASSETS
Stocks 110,130 102,300
Debtors 6 15,718 13,004
Cash at bank and in hand 36,438 46,678
162,286 161,982
CREDITORS
Amounts falling due within one year 7 100,398 132,632
NET CURRENT ASSETS 61,888 29,350
TOTAL ASSETS LESS CURRENT
LIABILITIES

623,252

556,361

CREDITORS
Amounts falling due after more than one
year

8

(408,591

)

(413,645

)

PROVISIONS FOR LIABILITIES (76,959 ) (76,959 )
NET ASSETS 137,702 65,757

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 137,602 65,657
SHAREHOLDERS' FUNDS 137,702 65,757

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.

Dar Stores Limited (Registered number: 10776975)

Statement of Financial Position - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2025 and were signed on its behalf by:





Mrs Arvinder Kaur Sohanpal - Director


Dar Stores Limited (Registered number: 10776975)

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

1. STATUTORY INFORMATION

Dar Stores 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.

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.
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance, 15% on reducing balance and 5% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks 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 21 (2023 - 25 ) .

Dar Stores Limited (Registered number: 10776975)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 664,504
Additions 130,948
Disposals (33,348 )
At 31 May 2024 762,104
DEPRECIATION
At 1 June 2023 137,593
Charge for year 86,044
Eliminated on disposal (22,797 )
At 31 May 2024 200,840
NET BOOK VALUE
At 31 May 2024 561,264
At 31 May 2023 526,911

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 June 2023 33,348
Disposals (33,348 )
At 31 May 2024 -
DEPRECIATION
At 1 June 2023 16,544
Eliminated on disposal (22,797 )
At 31 May 2024 (6,253 )
NET BOOK VALUE
At 31 May 2024 6,253
At 31 May 2023 16,804

Dar Stores Limited (Registered number: 10776975)

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

5. FIXED ASSET INVESTMENTS
Share in
group
undertakin
£   
COST
At 1 June 2023
and 31 May 2024 100
NET BOOK VALUE
At 31 May 2024 100
At 31 May 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 13,325 -
Other debtors 2,393 13,004
15,718 13,004

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 72,421 98,975
Taxation and social security 9,301 6,531
Other creditors 18,676 27,126
100,398 132,632

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 113,051 71,968
Other creditors 295,540 341,677
408,591 413,645

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100

Dar Stores Limited (Registered number: 10776975)

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

10. RELATED PARTY DISCLOSURES

Included in Rent Payable is £9,000 (2023 : £9,000) paid to Directors who own the Shop Premises.