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Company Registration No. 13199223 (England and Wales)
Corner Express Stores Ltd Unaudited accounts for the year ended 29 February 2024
Corner Express Stores Ltd Unaudited accounts Contents
Page
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Corner Express Stores Ltd Company Information for the year ended 29 February 2024
Director
Surinder Singh
Company Number
13199223 (England and Wales)
Registered Office
251 Main Street Thornton Coalville LE67 1AJ United Kingdom
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Corner Express Stores Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
35,000 
35,000 
Tangible assets
31,615 
34,410 
66,615 
69,410 
Current assets
Inventories
48,968 
45,300 
Cash at bank and in hand
34,463 
35,056 
83,431 
80,356 
Creditors: amounts falling due within one year
(65,455)
(102,060)
Net current assets/(liabilities)
17,976 
(21,704)
Net assets
84,591 
47,706 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
84,491 
47,606 
Shareholders' funds
84,591 
47,706 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 18 March 2025 and were signed on its behalf by
Surinder Singh Director Company Registration No. 13199223
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Corner Express Stores Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Corner Express Stores Ltd is a private company, limited by shares, registered in England and Wales, registration number 13199223. The registered office is 251 Main Street, Thornton, Coalville, LE67 1AJ, United Kingdom.
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:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2023
35,000 
At 29 February 2024
35,000 
Amortisation
At 1 March 2023
- 
At 29 February 2024
- 
Net book value
At 29 February 2024
35,000 
At 28 February 2023
35,000 
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Corner Express Stores Ltd Notes to the Accounts for the year ended 29 February 2024
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
15,000 
25,000 
40,000 
At 29 February 2024
15,000 
25,000 
40,000 
Depreciation
At 1 March 2023
1,480 
4,110 
5,590 
Charge for the year
740 
2,055 
2,795 
At 29 February 2024
2,220 
6,165 
8,385 
Net book value
At 29 February 2024
12,780 
18,835 
31,615 
At 28 February 2023
13,520 
20,890 
34,410 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,361 
5,350 
Obligations under finance leases and hire purchase contracts
226 
523 
Taxes and social security
- 
4,319 
Loans from directors
61,868 
91,868 
65,455 
102,060 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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