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Company Registration No. 12865585 (England and Wales)
POUND BAZAAR PLUS LTD Unaudited accounts for the year ended 30 September 2024
POUND BAZAAR PLUS LTD Unaudited accounts Contents
Page
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POUND BAZAAR PLUS LTD Company Information for the year ended 30 September 2024
Director
Mr Zekeria SHARIFI
Company Number
12865585 (England and Wales)
Registered Office
UNIT 1, SCOTS CORNER 151B HIGH STREET, KINGS HEATH BIRMINGHAM WEST MIDLANDS B14 7DG UK
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POUND BAZAAR PLUS LTD Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,208 
11,510 
Current assets
Inventories
102,158 
83,150 
Cash at bank and in hand
1,814 
4,881 
103,972 
88,031 
Creditors: amounts falling due within one year
(35,995)
(24,108)
Net current assets
67,977 
63,923 
Total assets less current liabilities
77,185 
75,433 
Creditors: amounts falling due after more than one year
(76,007)
(79,106)
Net assets/(liabilities)
1,178 
(3,673)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,078 
(3,773)
Shareholders' funds
1,178 
(3,673)
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 October 2024 and were signed on its behalf by
Mr Zekeria SHARIFI Director Company Registration No. 12865585
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POUND BAZAAR PLUS LTD Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
POUND BAZAAR PLUS LTD is a private company, limited by shares, registered in England and Wales, registration number 12865585. The registered office is UNIT 1, SCOTS CORNER, 151B HIGH STREET, KINGS HEATH, BIRMINGHAM, WEST MIDLANDS, B14 7DG, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance method
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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POUND BAZAAR PLUS LTD Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 October 2023
22,480 
At 30 September 2024
22,480 
Depreciation
At 1 October 2023
10,970 
Charge for the year
2,302 
At 30 September 2024
13,272 
Net book value
At 30 September 2024
9,208 
At 30 September 2023
11,510 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
25,056 
19,121 
Taxes and social security
10,730 
4,987 
Accruals
209 
- 
35,995 
24,108 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
76,007 
79,106 
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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