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REGISTERED NUMBER: 05086847 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

THE BOOKSTORE (ABINGDON) LIMITED

THE BOOKSTORE (ABINGDON) LIMITED (REGISTERED NUMBER: 05086847)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE BOOKSTORE (ABINGDON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: J Karpa





SECRETARY: I Collett





REGISTERED OFFICE: 15 Bury Street
Abingdon
Oxfordshire
OX14 3QT





REGISTERED NUMBER: 05086847 (England and Wales)





ACCOUNTANTS: Collards
Chartered Accountants
5-9 Eden Street
Kingston-upon-Thames
Surrey
KT1 1BQ

THE BOOKSTORE (ABINGDON) LIMITED (REGISTERED NUMBER: 05086847)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,947 2,975
2,947 2,975

CURRENT ASSETS
Stocks 31,488 27,093
Debtors 6 13,076 13,326
Cash at bank and in hand 18,443 28,870
63,007 69,289
CREDITORS
Amounts falling due within one year 7 78,680 77,557
NET CURRENT LIABILITIES (15,673 ) (8,268 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(12,726

)

(5,293

)

CREDITORS
Amounts falling due after more than one year 8 5,742 11,930
NET LIABILITIES (18,468 ) (17,223 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 9 (18,470 ) (17,225 )
SHAREHOLDERS' FUNDS (18,468 ) (17,223 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 March 2025 and were signed by:





J Karpa - Director


THE BOOKSTORE (ABINGDON) LIMITED (REGISTERED NUMBER: 05086847)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

The Bookstore (Abingdon) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company made a surplus in the current year but has incurred losses in previous year and its liabilities exceed its assets as shown on the balance sheet. The company has relied on its bank facilities and its creditors to continue as a going concern. The directors are confident that the current year is showing an improved position and that the company can continue in business for the foreseeable future. They therefore consider it appropriate to prepare the accounts on a Going Concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Over the length of the lease
Plant and machinery etc - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

THE BOOKSTORE (ABINGDON) LIMITED (REGISTERED NUMBER: 05086847)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 185,776
AMORTISATION
At 1 July 2023
and 30 June 2024 185,776
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 15,289 24,292 39,581
Additions - 675 675
At 30 June 2024 15,289 24,967 40,256
DEPRECIATION
At 1 July 2023 15,289 21,317 36,606
Charge for year - 703 703
At 30 June 2024 15,289 22,020 37,309
NET BOOK VALUE
At 30 June 2024 - 2,947 2,947
At 30 June 2023 - 2,975 2,975

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 35 560
Other debtors 4,932 4,932
VAT 823 291
Prepayments and accrued income 7,286 7,543
13,076 13,326

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,161 6,009
Trade creditors 53,235 52,279
Tax 554 554
Social security and other taxes 3,658 3,607
Other creditors 9,696 9,732
Accrued expenses 5,376 5,376
78,680 77,557

THE BOOKSTORE (ABINGDON) LIMITED (REGISTERED NUMBER: 05086847)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,742 6,161
Bank loans - 2-5 years - 5,769
5,742 11,930

9. RESERVES
Retained
earnings
£   

At 1 July 2023 (17,225 )
Deficit for the year (1,245 )
At 30 June 2024 (18,470 )