REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 |
FOR |
SHAMLEY GREEN STORES LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 |
FOR |
SHAMLEY GREEN STORES LIMITED |
SHAMLEY GREEN STORES LIMITED (REGISTERED NUMBER: 08611435) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 31 July 2024 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
SHAMLEY GREEN STORES LIMITED |
COMPANY INFORMATION |
For The Year Ended 31 July 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
SHAMLEY GREEN STORES LIMITED (REGISTERED NUMBER: 08611435) |
ABRIDGED BALANCE SHEET |
31 July 2024 |
2024 | 2023 |
Notes | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
SHAMLEY GREEN STORES LIMITED (REGISTERED NUMBER: 08611435) |
ABRIDGED BALANCE SHEET - continued |
31 July 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
SHAMLEY GREEN STORES LIMITED (REGISTERED NUMBER: 08611435) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 31 July 2024 |
1. | STATUTORY INFORMATION |
Shamley Green Stores Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared in accordance with the provisions of Section 1A ''Smaller Entities'' of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Turnover |
Turnover represents sales of food and household products, excluding value added tax, sold during the year. |
Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income. |
Tangible fixed assets |
Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended by management. |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Motor vehicles | - 20% reducing balance |
Fixtures and fittings | - 20% reducing balance |
Stocks |
Stocks are stated at the lower of cost and estimated selling price, less costs to complete and sell. Cost includes all costs of purchase, including costs to bring stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate. |
Financial instruments |
The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss. |
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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. |
Deferred tax represents the future tax consequences of material transactions and events recognised in the financial statements of current and previous periods. |
Current and deferred tax assets and liabilities are not discounted and are 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. |
Hire purchase and leasing commitments |
Assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. Payments are apportioned between the finance charge and the capital amount and the related obligations, net of future finance charges, are included in creditors. |
Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. |
SHAMLEY GREEN STORES LIMITED (REGISTERED NUMBER: 08611435) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 July 2024 |
2. | ACCOUNTING POLICIES - continued |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable are charged to the profit and loss in the period to which they relate. |
Company contributions payable to the directors' private pension schemes are charged to the profit and loss account in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 August 2023 |
Additions |
Disposals | ( |
) |
At 31 July 2024 |
DEPRECIATION |
At 1 August 2023 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 July 2024 |
NET BOOK VALUE |
At 31 July 2024 |
At 31 July 2023 |
Totals |
£ |
Freehold revaluation in 2019 | 82,355 |
Freehold revaluation in 2023 | 278,577 |
Freehold property cost | 919,190 |
Freehold property disposal | (1,280,122) |
- |
SHAMLEY GREEN STORES LIMITED (REGISTERED NUMBER: 08611435) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 July 2024 |
4. | TANGIBLE FIXED ASSETS - continued |
Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows: |
Totals |
£ |
COST |
At 1 August 2023 | 8,690 |
Disposals | (8,690 | ) |
At 31 July 2024 | - |
DEPRECIATION |
At 1 August 2023 | 2,732 |
Eliminated on disposal | (2,732 | ) |
At 31 July 2024 | - |
NET BOOK VALUE |
At 31 July 2024 | - |
At 31 July 2023 | 5,958 |
5. | SECURED DEBTS |
The following secured debts are included within creditors: |
2024 | 2023 |
£ | £ |
Bank loans |
Fixed and floating charges over the undertaking and all property and assets present and future were created on 29 January 2014 by Santander UK plc to secure all monies due or becoming due. The charge also contained a negative pledge over the property. |
6. | RELATED PARTY DISCLOSURES |
The following balances were due from related parties at the end of the reporting period: |
2024 | 2023 |
£ | £ |
2049 Holdings Limited | 629,670 | - |
The following balances where due to related parties at the end of the reporting period: |
2024 | 2023 |
£ | £ |
Hazelbank Stores Limited | 157,522 | 175,356 |