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
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
AFRICA SUPER STORES LIMITED
Statement of financial position
as at 31 May 2024
Tangible assets
17,354
20,934
Cash at bank and in hand
27,762
16,611
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)
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
AFRICA SUPER STORES LIMITED
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
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:
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
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
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
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
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).