AROUND A POUND LIMITED

Company Registration Number:
NI040580 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

AROUND A POUND LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

AROUND A POUND LIMITED

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 746,555 749,940
Total fixed assets: 746,555 749,940
Current assets
Stocks: 470,046 486,196
Debtors:   91,969 2,152
Cash at bank and in hand: 117,219 288,904
Total current assets: 679,234 777,252
Creditors: amounts falling due within one year:   (505,936) (574,092)
Net current assets (liabilities): 173,298 203,160
Total assets less current liabilities: 919,853 953,100
Creditors: amounts falling due after more than one year:   (106,177) (169,886)
Total net assets (liabilities): 813,676 783,214
Capital and reserves
Called up share capital: 2 2
Revaluation reserve:448,00048,000
Profit and loss account: 765,674 735,212
Shareholders funds: 813,676 783,214

The notes form part of these financial statements

AROUND A POUND LIMITED

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 February 2025
and signed on behalf of the board by:

Name: Gerard Rice
Status: Director

The notes form part of these financial statements

AROUND A POUND LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows: Plant and machinery - 20% reducing balance Fixtures, fittings and equipment - 20% reducing balance The carrying value of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

AROUND A POUND LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 85 85

AROUND A POUND LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible Assets

Total
Cost £
At 01 June 2023 1,992,183
Additions 69,006
At 31 May 2024 2,061,189
Depreciation
At 01 June 2023 1,242,243
Charge for year 72,391
At 31 May 2024 1,314,634
Net book value
At 31 May 2024 746,555
At 31 May 2023 749,940

AROUND A POUND LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Revaluation reserve

2024
£
Balance at 01 June 2023 48,000
Surplus or deficit after revaluation 0
Balance at 31 May 2024 48,000