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REGISTERED NUMBER: 11491384 (England and Wales)


Financial Statements for the Year Ended 31 July 2024

for

Lush Convenience Stores Limited

Lush Convenience Stores Limited (Registered number: 11491384)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Lush Convenience Stores Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mr Sriyogan Nadesan





SECRETARY: Mr Sriyogan Nadesan





REGISTERED OFFICE: 39 Twigg Street
Stoke-On-Trent
United Kingdom
ST2 0JE





REGISTERED NUMBER: 11491384 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Lush Convenience Stores Limited (Registered number: 11491384)

Statement of Financial Position
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 280,161 280,161
Property, plant and equipment 5 17,894 13,362
298,055 293,523

CURRENT ASSETS
Inventories 96,650 96,718
Debtors 6 20,839 13,131
Cash at bank and in hand 1,755 10,638
119,244 120,487
CREDITORS
Amounts falling due within one year 7 354,137 343,520
NET CURRENT LIABILITIES (234,893 ) (223,033 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,162

70,490

CREDITORS
Amounts falling due after more than one
year

8

1,054

23,828
NET ASSETS 62,108 46,662

CAPITAL AND RESERVES
Called up share capital 9 5 5
Retained earnings 62,103 46,657
SHAREHOLDERS' FUNDS 62,108 46,662

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Lush Convenience Stores Limited (Registered number: 11491384)

Statement of Financial Position - continued
31 July 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 director and authorised for issue on 28 April 2025 and were signed by:





Mr Sriyogan Nadesan - Director


Lush Convenience Stores Limited (Registered number: 11491384)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Lush Convenience Stores 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019.

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.
Plant and machinery etc - 20% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 280,161
NET BOOK VALUE
At 31 July 2024 280,161
At 31 July 2023 280,161

Lush Convenience Stores Limited (Registered number: 11491384)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 August 2023 25,996
Additions 9,006
At 31 July 2024 35,002
DEPRECIATION
At 1 August 2023 12,634
Charge for year 4,474
At 31 July 2024 17,108
NET BOOK VALUE
At 31 July 2024 17,894
At 31 July 2023 13,362

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 15,175 8,067
Other debtors 5,664 5,064
20,839 13,131

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 156,334 173,765
Taxation and social security 49,256 26,271
Other creditors 148,547 143,484
354,137 343,520

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 1,054 23,828

Lush Convenience Stores Limited (Registered number: 11491384)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
5 Share capital 1 £1 5 5

10. RELATED PARTY DISCLOSURES

During the year, the Company has paid rent of £15,120 (2023: £7,560) in respect of use of business
property owned by the directors.