Company Registration No. 06646417 (England and Wales)
TIDDINGTON CONVENIENCE STORES LIMITED
Unaudited accounts
for the period from 1 November 2023 to 30 April 2024
TIDDINGTON CONVENIENCE STORES LIMITED
Unaudited accounts
Contents
TIDDINGTON CONVENIENCE STORES LIMITED
Company Information
for the period from 1 November 2023 to 30 April 2024
Directors
Joanne Myatt
Simon Myatt
Company Number
06646417 (England and Wales)
Registered Office
12 MAIN STREET
TIDDINGTON
STRATFORD-UPON-AVON
WARWICKSHIRE
CV37 7AZ
Accountants
FILAN Accountants Ltd
57 Ely Street
Stratford upon Avon
CV37 6LN
TIDDINGTON CONVENIENCE STORES LIMITED
Statement of financial position
as at 30 April 2024
Intangible assets
11,703
15,459
Tangible assets
124,140
131,088
Cash at bank and in hand
109,426
99,418
Creditors: amounts falling due within one year
(134,299)
(116,113)
Net current assets
83,564
91,456
Total assets less current liabilities
219,407
238,003
Creditors: amounts falling due after more than one year
(196,880)
(223,445)
Called up share capital
98
98
Share premium
13,533
13,533
Capital redemption reserve
(229,398)
(229,398)
Profit and loss account
238,294
230,325
Shareholders' funds
22,527
14,558
For the period ending 30 April 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2024 and were signed on its behalf by
Joanne Myatt
Director
Company Registration No. 06646417
TIDDINGTON CONVENIENCE STORES LIMITED
Notes to the Accounts
for the period from 1 November 2023 to 30 April 2024
TIDDINGTON CONVENIENCE STORES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06646417. The registered office is 12 MAIN STREET, TIDDINGTON, STRATFORD-UPON-AVON, WARWICKSHIRE, CV37 7AZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
6.66% reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
33% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is amortised over 20 years but is reviewed regularly to ensure it is still the most appropriate method.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
TIDDINGTON CONVENIENCE STORES LIMITED
Notes to the Accounts
for the period from 1 November 2023 to 30 April 2024
4
Intangible fixed assets
Goodwill
At 1 November 2023
150,250
At 1 November 2023
134,791
Charge for the period
3,756
5
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2023
107,818
328,834
870
437,522
At 30 April 2024
107,818
328,963
1,478
438,259
At 1 November 2023
49,612
256,471
351
306,434
Charge for the period
1,926
5,434
325
7,685
At 30 April 2024
51,538
261,905
676
314,119
At 30 April 2024
56,280
67,058
802
124,140
At 31 October 2023
58,206
72,363
519
131,088
Amounts falling due within one year
Trade debtors
9,590
11,747
Accrued income and prepayments
11,183
11,406
Other debtors
25,014
26,327
TIDDINGTON CONVENIENCE STORES LIMITED
Notes to the Accounts
for the period from 1 November 2023 to 30 April 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
51,634
48,641
Trade creditors
14,376
15,843
Taxes and social security
47,341
31,568
Other creditors
5,863
7,293
Loans from directors
248
452
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
196,880
223,445
9
Average number of employees
During the period the average number of employees was 15 (2023: 15).