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REGISTERED NUMBER: 10834996 (England and Wales)















AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

BARGAIN BOOZE (LEEK) LIMITED

BARGAIN BOOZE (LEEK) LIMITED (REGISTERED NUMBER: 10834996)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Statement of Financial Position 1

Notes to the Financial Statements 2 to 6


BARGAIN BOOZE (LEEK) LIMITED (REGISTERED NUMBER: 10834996)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

31.7.24 31.7.23
(Unaudited)
Notes £    £   
FIXED ASSETS
Tangible assets 4 53,055 62,710

CURRENT ASSETS
Stocks 129,013 115,135
Debtors 5 21,814 43,840
Cash at bank and in hand 28,748 34,635
179,575 193,610
CREDITORS
Amounts falling due within one year 6 (71,603 ) (255,216 )
NET CURRENT ASSETS/(LIABILITIES) 107,972 (61,606 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

161,027

1,104

PROVISIONS FOR LIABILITIES (13,264 ) (17,137 )
NET ASSETS/(LIABILITIES) 147,763 (16,033 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 147,663 (16,133 )
147,763 (16,033 )

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 April 2025 and were signed by:





P Mason - Director


BARGAIN BOOZE (LEEK) LIMITED (REGISTERED NUMBER: 10834996)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

BARGAIN BOOZE (LEEK) LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10834996

Registered office: c/o Grindco 427 Ltd
Unit 62 Longton Exchange
Longton
Stoke-On-Trent
Staffordshire
ST3 2JA

The principal activity of the company is to be a leading retailer providing alcohol, confectionery and everyday essentials at competitive prices.

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 financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern
The accounts have been prepared on the going concern basis. The director believes this to be reasonable due to the continued financial support of fellow Group companies for the foreseeable future.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Key sources of estimation uncertainty

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:

As described in the accounting policies of the financial statements, depreciation of tangible fixed assets has been based on estimate useful lives and residual values deemed appropriate by the directors. estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take in to account actual asset lives and residual values as evidenced by disposals during the current and prior accounting periods.

BARGAIN BOOZE (LEEK) LIMITED (REGISTERED NUMBER: 10834996)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


2. ACCOUNTING POLICIES - continued

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

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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 - 10% on cost

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

STOCKS
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

FINANCIAL INSTRUMENTS
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.


BARGAIN BOOZE (LEEK) LIMITED (REGISTERED NUMBER: 10834996)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


2. ACCOUNTING POLICIES - continued
TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

EMPLOYEE BENEFITS
The company provides a range of benefits to employees.

Short term benefits, including holiday pay, are recognised as an expense in the profit and loss account in the period in which they are incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 12 ) .

BARGAIN BOOZE (LEEK) LIMITED (REGISTERED NUMBER: 10834996)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2023 137,972 - 137,972
Additions 3,385 1,218 4,603
At 31 July 2024 141,357 1,218 142,575
DEPRECIATION
At 1 August 2023 75,262 - 75,262
Charge for year 14,136 122 14,258
At 31 July 2024 89,398 122 89,520
NET BOOK VALUE
At 31 July 2024 51,959 1,096 53,055
At 31 July 2023 62,710 - 62,710

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
(Unaudited)
£    £   
Amounts owed by group undertakings 21,314 41,058
Other debtors 500 8
Prepayments - 2,774
21,814 43,840

Amounts owed by group undertakings are interest free, unsecured and are repayable on demand.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
(Unaudited)
£    £   
Trade creditors 34,323 41,366
Amounts owed to group undertakings - 192,063
Tax 3,976 3,896
Social security and other taxes 1,019 929
VAT 9,977 9,767
Other creditors 159 187
Accruals and deferred income 22,149 7,008
71,603 255,216

Amounts owed to group undertakings are interest free, unsecured and are repayable on demand.

BARGAIN BOOZE (LEEK) LIMITED (REGISTERED NUMBER: 10834996)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michelle Coates (Senior Statutory Auditor)
for and on behalf of Sumer Auditco Limited

8. OTHER FINANCIAL COMMITMENTS

There is a third party guarantee dated 24 February 2020 for £252,208.

9. EVENTS AFTER THE END OF THE REPORTING PERIOD

There were no significant events up to the date of approval of the financial statements by the Board.

10. CONTROLLING PARTY

The company is a wholly owned subsidiary of PM & HP Holdings Limited, a company incorporated in England and Wales.