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Company Registration No. 12024449 (England and Wales)
AFRICA SUPER STORES LIMITED Unaudited accounts for the year ended 31 May 2024
AFRICA SUPER STORES LIMITED Unaudited accounts Contents
Page
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AFRICA SUPER STORES LIMITED Company Information for the year ended 31 May 2024
Directors
Oluchi Helen ABANUM Joe Abanum
Company Number
12024449 (England and Wales)
Registered Office
22 BRIDGE STREET BOLTON LANCASHIRE BL1 2EA
Accountants
Cangaf Limited 235 Tonge Moor Road Bolton BL2 2HR
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AFRICA SUPER STORES LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,354 
20,934 
Current assets
Inventories
12,800 
16,800 
Cash at bank and in hand
27,762 
16,611 
40,562 
33,411 
Creditors: amounts falling due within one year
(141,883)
(114,713)
Net current liabilities
(101,321)
(81,302)
Total assets less current liabilities
(83,967)
(60,368)
Creditors: amounts falling due after more than one year
(23,823)
(32,757)
Net liabilities
(107,790)
(93,125)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(107,890)
(93,225)
Shareholders' funds
(107,790)
(93,125)
For the year ending 31 May 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 27 February 2025 and were signed on its behalf by
Joe Abanum Director Company Registration No. 12024449
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AFRICA SUPER STORES LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
AFRICA SUPER STORES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12024449. The registered office is 22 BRIDGE STREET, BOLTON, LANCASHIRE, BL1 2EA.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
20%
Motor vehicles
20%
Fixtures & fittings
20%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
23,574 
3,000 
22,500 
49,074 
At 31 May 2024
23,574 
3,000 
22,500 
49,074 
Depreciation
At 1 June 2023
9,840 
2,400 
15,900 
28,140 
Charge for the year
2,980 
600 
- 
3,580 
At 31 May 2024
12,820 
3,000 
15,900 
31,720 
Net book value
At 31 May 2024
10,754 
- 
6,600 
17,354 
At 31 May 2023
13,734 
600 
6,600 
20,934 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
1,542 
Loans from directors
141,883 
113,171 
141,883 
114,713 
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AFRICA SUPER STORES LIMITED Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
23,823 
32,757 
Barclays Loan facilitated on the 14th May 2020.
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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