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Registration number: 02619496

Bus Stop Trading Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Bus Stop Trading Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 6

 

Bus Stop Trading Limited

Company Information

Director

Mr D A Berkman

Company secretary

Miss E M Cro

Registered office

15 Alverton Street
Penzance
Cornwall
TR18 2QP

Accountants

D.J. Reynolds & Co.
Chartered Accountants
15 Alverton Street
Penzance
Cornwall
TR18 2QP

 

Bus Stop Trading Limited

(Registration number: 02619496)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

12

14

Current assets

 

Stocks

5

5,742

6,364

Debtors

6

536

846

Cash at bank and in hand

 

1,119

1,257

 

7,397

8,467

Creditors: Amounts falling due within one year

7

(10,200)

(8,481)

Net current liabilities

 

(2,803)

(14)

Net liabilities

 

(2,791)

-

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

(2,891)

(100)

Shareholders' deficit

 

(2,791)

-

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 8 April 2025
 

.........................................
Mr D A Berkman
Director

 

Bus Stop Trading Limited

Notes to the Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
15 Alverton Street
Penzance
Cornwall
TR18 2QP

The principal place of business is:
59a Adelaide Street
Penzance
Cornwall
TR18 2ES

These financial statements were authorised for issue by the director on 8 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis, on the understanding that the director and shareholders will continue to financially support the company.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Bus Stop Trading Limited

Notes to the Financial Statements for the Year Ended 30 June 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20% straight line basis

Fixtures and fittings

15% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 3).

 

Bus Stop Trading Limited

Notes to the Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 July 2023

1,325

1,325

At 30 June 2024

1,325

1,325

Depreciation

At 1 July 2023

1,311

1,311

Charge for the year

2

2

At 30 June 2024

1,313

1,313

Carrying amount

At 30 June 2024

12

12

At 30 June 2023

14

14

5

Stocks

2024
£

2023
£

Other inventories

5,742

6,364

6

Debtors

2024
£

2023
£

Prepayments

536

468

Other debtors

-

378

536

846

 

Bus Stop Trading Limited

Notes to the Financial Statements for the Year Ended 30 June 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

1,477

499

Taxation and social security

170

838

Accruals and deferred income

1,284

1,145

Other creditors

7,269

5,999

10,200

8,481

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Shares of £1 each

100

100

100

100

         

9

Related party transactions

Transactions with the director

2024

At 1 July 2023
£

Advances to director
£

Repayments by director
£

At 30 June 2024
£

Mr D A Berkman

Interest-free loan to the company, repayable on demand

5,999

(474)

521

6,046

         
       

 

2023

At 1 July 2022
£

Advances to director
£

At 30 June 2023
£

Mr D A Berkman

Interest-free loan to the company, repayable on demand

6,408

(409)

5,999