SJS Cotswold Stores Limited 11141853 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is the management and operation of the community shop and cafe in Blockley, Gloucestershire. Digita Accounts Production Advanced 6.30.9574.0 true true 11141853 2023-03-01 2024-02-29 11141853 2024-02-29 11141853 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-02-29 11141853 core:CurrentFinancialInstruments 2024-02-29 11141853 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 11141853 core:Non-currentFinancialInstruments 2024-02-29 11141853 core:Non-currentFinancialInstruments core:AfterOneYear 2024-02-29 11141853 core:BetweenTwoFiveYears 2024-02-29 11141853 core:WithinOneYear 2024-02-29 11141853 core:MotorVehicles 2024-02-29 11141853 core:OfficeEquipment 2024-02-29 11141853 core:PlantMachinery 2024-02-29 11141853 bus:SmallEntities 2023-03-01 2024-02-29 11141853 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 11141853 bus:FullAccounts 2023-03-01 2024-02-29 11141853 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 11141853 bus:RegisteredOffice 2023-03-01 2024-02-29 11141853 bus:Director1 2023-03-01 2024-02-29 11141853 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-03-01 2024-02-29 11141853 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11141853 bus:Agent1 2023-03-01 2024-02-29 11141853 core:CommercialMotorVehicles 2023-03-01 2024-02-29 11141853 core:MotorVehicles 2023-03-01 2024-02-29 11141853 core:OfficeEquipment 2023-03-01 2024-02-29 11141853 core:PlantMachinery 2023-03-01 2024-02-29 11141853 countries:EnglandWales 2023-03-01 2024-02-29 11141853 2023-02-28 11141853 core:MotorVehicles 2023-02-28 11141853 core:OfficeEquipment 2023-02-28 11141853 core:PlantMachinery 2023-02-28 11141853 2022-03-01 2023-02-28 11141853 2023-02-28 11141853 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-02-28 11141853 core:CurrentFinancialInstruments 2023-02-28 11141853 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 11141853 core:Non-currentFinancialInstruments 2023-02-28 11141853 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 11141853 core:BetweenTwoFiveYears 2023-02-28 11141853 core:WithinOneYear 2023-02-28 11141853 core:MotorVehicles 2023-02-28 11141853 core:OfficeEquipment 2023-02-28 11141853 core:PlantMachinery 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11141853

SJS Cotswold Stores Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 29 February 2024

 

SJS Cotswold Stores Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 10

 

SJS Cotswold Stores Limited

Company Information

Director

S Stanley

Registered office

31 Fenhill Close
Bourton on the Hill
Moreton in Marsh
GL56 9AD

Accountants

C Wiltshire Accountancy
Chartered Accountants
6 Slingates Road
Stratford-upon-Avon
CV37 6ST

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of SJS Cotswold Stores Limited
for the Year Ended 29 February 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SJS Cotswold Stores Limited for the year ended 29 February 2024 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements.

These are detailed at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of SJS Cotswold Stores Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of SJS Cotswold Stores Limited and state those matters that we have agreed to state to the Board of Directors of SJS Cotswold Stores Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SJS Cotswold Stores Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that SJS Cotswold Stores Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SJS Cotswold Stores Limited. You consider that SJS Cotswold Stores Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of SJS Cotswold Stores Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.




C Wiltshire Accountancy Chartered Accountants

6 Slingates Road
Stratford-upon-Avon
CV37 6ST

24 February 2025

 

SJS Cotswold Stores Limited

(Registration number: 11141853)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

5,769

7,211

Current assets

 

Stocks

5

40,236

36,776

Debtors

6

3,336

21,621

Cash at bank and in hand

 

97,124

54,110

 

140,696

112,507

Creditors: Amounts falling due within one year

7

(58,773)

(51,652)

Net current assets

 

81,923

60,855

Total assets less current liabilities

 

87,692

68,066

Creditors: Amounts falling due after more than one year

7

(12,400)

(23,667)

Provisions for liabilities

(1,096)

-

Net assets

 

74,196

44,399

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

74,195

44,398

Shareholders' funds

 

74,196

44,399

 

SJS Cotswold Stores Limited

(Registration number: 11141853)
Balance Sheet as at 29 February 2024

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 February 2025
 


S Stanley
Director

 

SJS Cotswold Stores Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
31 Fenhill Close
Bourton on the Hill
Moreton in Marsh
GL56 9AD

These financial statements were authorised for issue by the director on 24 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

SJS Cotswold Stores Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Motor vehicles

25% reducing balance

Office equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for goods sold or services performed in the ordinary course of business and are recognised at the transaction price less any subsequent impairment.

Stocks

Stocks of goods for sale are stated at the lower of cost and estimated selling price less costs to complete and sell.

 

SJS Cotswold Stores Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

The company operates a defined contribution pension plan for its director.

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

SJS Cotswold Stores Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 8 (2023 - 8).

4

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 March 2023

5,644

262

10,000

15,906

At 29 February 2024

5,644

262

10,000

15,906

Depreciation

At 1 March 2023

3,639

176

4,880

8,695

Charge for the year

401

17

1,024

1,442

At 29 February 2024

4,040

193

5,904

10,137

Carrying amount

At 29 February 2024

1,604

69

4,096

5,769

At 28 February 2023

2,005

86

5,120

7,211

5

Stocks

2024
£

2023
£

Finished goods and goods for resale

40,236

36,776

6

Debtors

2024
£

2023
£

Trade debtors

-

4,828

Other debtors

3,336

13,521

Deferred tax assets

-

3,272

3,336

21,621

 

SJS Cotswold Stores Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

10,000

9,879

Trade creditors

 

30,673

30,193

Taxation and social security

 

11,025

6,246

Accruals and deferred income

 

1,955

1,870

Other creditors

 

5,120

3,464

 

58,773

51,652

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

12,400

23,667

 

SJS Cotswold Stores Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

         

9

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Other borrowings

12,400

23,667

2024
£

2023
£

Current loans and borrowings

Other borrowings

10,000

9,879

10

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Not later than one year

24,000

23,000

Later than one year and not later than five years

72,000

92,000

96,000

115,000

The amount of non-cancellable operating lease payments recognised as an expense during the year was £23,250 (2023 - £23,000).