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REGISTERED NUMBER: 04375288 (England and Wales)










Financial Statements

for the Year Ended 31 July 2024

for

Deebee Foodstore Limited

Deebee Foodstore Limited (Registered number: 04375288)

Contents of the Financial Statements
for the Year Ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Deebee Foodstore Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: H D Patel





SECRETARY: Mrs M H Patel





REGISTERED OFFICE: 15 Woodlands Close
Oadby
Leicester
Leicestershire
LE2 4QP





REGISTERED NUMBER: 04375288 (England and Wales)






Deebee Foodstore Limited (Registered number: 04375288)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
Fixed assets
Intangible assets 4 1 1
Tangible assets 5 45,838 53,984
Investment property 6 170,000 170,000
215,839 223,985

Current assets
Stocks 40,668 24,565
Debtors 7 4,193 13,584
Cash at bank and in hand 5,815 36,296
50,676 74,445
Creditors
Amounts falling due within one year 8 117,896 157,699
Net current liabilities (67,220 ) (83,254 )
Total assets less current liabilities 148,619 140,731

Creditors
Amounts falling due after more than one
year

9

(19,672

)

(36,917

)

Provisions for liabilities 11 (10,969 ) (12,756 )
Net assets 117,978 91,058

Capital and reserves
Called up share capital 12 100 100
Retained earnings 13 117,878 90,958
Shareholders' funds 117,978 91,058

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Deebee Foodstore Limited (Registered number: 04375288)

Balance Sheet - continued
31 July 2024


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 Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:





H D Patel - Director


Deebee Foodstore Limited (Registered number: 04375288)

Notes to the Financial Statements
for the Year Ended 31 July 2024


1. Statutory information

Deebee Foodstore 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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 2013, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Investment property
The investment property is stated at fair value and has been determined by the directors by reference to current market prices for comparable property adjusted for nature, location and condition

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.


Deebee Foodstore Limited (Registered number: 04375288)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 8 (2023 - 8 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 August 2023
and 31 July 2024 189,390
Amortisation
At 1 August 2023
and 31 July 2024 189,389
Net book value
At 31 July 2024 1
At 31 July 2023 1

Deebee Foodstore Limited (Registered number: 04375288)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


5. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 August 2023
and 31 July 2024 190,386 3,400 193,786
Depreciation
At 1 August 2023 136,671 3,131 139,802
Charge for year 8,057 89 8,146
At 31 July 2024 144,728 3,220 147,948
Net book value
At 31 July 2024 45,658 180 45,838
At 31 July 2023 53,715 269 53,984

6. Investment property
Total
£   
Fair value
At 1 August 2023
and 31 July 2024 170,000
Net book value
At 31 July 2024 170,000
At 31 July 2023 170,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2023 170,000

If investment property had not been revalued it would have been included at the following historical cost:

31.7.24 31.7.23
£    £   
Cost 140,284 140,284

Investment Property was valued on an open market basis on 31 July 2023 by the director .

7. Debtors: amounts falling due within one year
31.7.24 31.7.23
£    £   
Trade debtors 4,193 13,584

Deebee Foodstore Limited (Registered number: 04375288)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


8. Creditors: amounts falling due within one year
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 17,826 56,373
Trade creditors 23,828 47,258
Taxation and social security 30,127 27,005
Other creditors 46,115 27,063
117,896 157,699

9. Creditors: amounts falling due after more than one year
31.7.24 31.7.23
£    £   
Bank loans 19,672 36,917

10. Secured debts

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank loans 37,498 93,290

The bank loans are secured by a fixed charge over the investment and leasehold properties; Bank Loans include Bounce Back Loan received under the Government Coronavirus business support scheme amounting to £19,936.(2023 £29,300) which is unsecured.

11. Provisions for liabilities
31.7.24 31.7.23
£    £   
Deferred tax 10,969 12,756

Deferred
tax
£   
Balance at 1 August 2023 12,756
Credit to Income Statement during year (1,787 )
Balance at 31 July 2024 10,969

12. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100

Deebee Foodstore Limited (Registered number: 04375288)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


13. Reserves
Retained
earnings
£   

At 1 August 2023 90,958
Profit for the year 73,420
Dividends (46,500 )
At 31 July 2024 117,878

14. Related party disclosures

During the year the company director and shareholders received dividends amounting to £46,500.
( 2023 £46,500)

15. Ultimate controlling party

The company is the under the control of Mr H.D & Mrs M H Patel & Mr D D & Mrs K D Solanki who own 100% of the company's share capital.