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Company Registration No. 07878818 (England and Wales)
POUND BAZAAR LIMITED Unaudited accounts for the year ended 31 December 2024
POUND BAZAAR LIMITED Unaudited accounts Contents
Page
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POUND BAZAAR LIMITED Company Information for the year ended 31 December 2024
Director
Mr Zekeria Sharifi
Company Number
07878818 (England and Wales)
Registered Office
131-132 HIGH STREET STOURBRIDGE WEST MIDLANDS DY8 1DT UK
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POUND BAZAAR LIMITED Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
31,237 
25,291 
Current assets
Inventories
465,000 
423,550 
Cash at bank and in hand
1,090 
33,167 
466,090 
456,717 
Creditors: amounts falling due within one year
(91,973)
(119,634)
Net current assets
374,117 
337,083 
Total assets less current liabilities
405,354 
362,374 
Creditors: amounts falling due after more than one year
(524,127)
(499,215)
Net liabilities
(118,773)
(136,841)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(118,873)
(136,941)
Shareholders' funds
(118,773)
(136,841)
For the year ending 31 December 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 11 February 2025 and were signed on its behalf by
Mr Zekeria Sharifi Director Company Registration No. 07878818
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POUND BAZAAR LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
POUND BAZAAR LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07878818. The registered office is 131-132 HIGH STREET, STOURBRIDGE, WEST MIDLANDS, DY8 1DT, 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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance method
Fixtures & fittings
20% reducing balance method
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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.
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.
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POUND BAZAAR LIMITED Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
28,000 
17,175 
45,175 
Additions
- 
14,739 
14,739 
At 31 December 2024
28,000 
31,914 
59,914 
Depreciation
At 1 January 2024
12,250 
7,634 
19,884 
Charge for the year
3,937 
4,856 
8,793 
At 31 December 2024
16,187 
12,490 
28,677 
Net book value
At 31 December 2024
11,813 
19,424 
31,237 
At 31 December 2023
15,750 
9,541 
25,291 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
12,385 
9,547 
Obligations under finance leases and hire purchase contracts
5,210 
5,210 
Trade creditors
35,757 
32,445 
Taxes and social security
23,621 
12,808 
Other creditors
15,000 
50,624 
Loans from directors
- 
9,000 
91,973 
119,634 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
11,862 
Obligations under finance leases and hire purchase contracts
16,104 
20,961 
Other creditors
462,000 
466,392 
Loans from directors
46,023 
- 
524,127 
499,215 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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