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REGISTERED NUMBER: 06224411 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

THE SHOP @ SHOP LIMITED

THE SHOP @ SHOP LIMITED (REGISTERED NUMBER: 06224411)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE SHOP @ SHOP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: R J Trevett
Mrs R A Trevett





SECRETARY: R J Trevett





REGISTERED OFFICE: Shop Road
St Merryn
Padstow
Cornwall
PL28 8NQ





REGISTERED NUMBER: 06224411 (England and Wales)





ACCOUNTANTS: Whitakers
Chartered Accountants
Bryndon House
5/7 Berry Road
Newquay
Cornwall
TR7 1AD

THE SHOP @ SHOP LIMITED (REGISTERED NUMBER: 06224411)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 157,135 136,126
157,135 136,126

CURRENT ASSETS
Stocks 44,014 46,330
Debtors 6 17,805 14,885
Cash at bank and in hand 200,204 249,316
262,023 310,531
CREDITORS
Amounts falling due within one year 7 248,573 286,981
NET CURRENT ASSETS 13,450 23,550
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,585

159,676

PROVISIONS FOR LIABILITIES 34,149 21,492
NET ASSETS 136,436 138,184

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 136,336 138,084
SHAREHOLDERS' FUNDS 136,436 138,184

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

THE SHOP @ SHOP LIMITED (REGISTERED NUMBER: 06224411)

BALANCE SHEET - continued
30 SEPTEMBER 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 18 April 2025 and were signed on its behalf by:




R J Trevett - Director



Mrs R A Trevett - Director


THE SHOP @ SHOP LIMITED (REGISTERED NUMBER: 06224411)

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

1. STATUTORY INFORMATION

The Shop @ Shop 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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses in 2007 and 2011,
has been fully amortised.

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.
Long leasehold - Straight line over 25 years
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

THE SHOP @ SHOP LIMITED (REGISTERED NUMBER: 06224411)

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

2. ACCOUNTING POLICIES - continued

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 13 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 328,504
AMORTISATION
At 1 October 2023
and 30 September 2024 328,504
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Long and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 October 2023 37,727 232,955 19,332 290,014
Additions - 46,130 1,098 47,228
At 30 September 2024 37,727 279,085 20,430 337,242
DEPRECIATION
At 1 October 2023 15,677 122,928 15,283 153,888
Charge for year 1,509 23,423 1,287 26,219
At 30 September 2024 17,186 146,351 16,570 180,107
NET BOOK VALUE
At 30 September 2024 20,541 132,734 3,860 157,135
At 30 September 2023 22,050 110,027 4,049 136,126

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 16,305 13,385
Prepayments and accrued income 1,500 1,500
17,805 14,885

THE SHOP @ SHOP LIMITED (REGISTERED NUMBER: 06224411)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 27,324 59,796
Other creditors 330 11,261
Tax 19,754 5,939
Social security and other taxes 18,207 4,964
Directors' current accounts 179,139 201,476
Accrued expenses 3,819 3,545
248,573 286,981

8. RELATED PARTY DISCLOSURES

During the year, the company was controlled by Mr R and Mrs R Trevett by virtue of the fact that, between them, they owned 100% of the company's issued ordinary share capital.

The company sold a vehicle to the son of the Directors' during the year at a market rate of £7,000 including VAT.