Registered number
09456814
Coldean Local Store Limited
Filleted Accounts
31 March 2025
Coldean Local Store Limited
Registered number: 09456814
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 30,041 35,341
Current assets
Stocks 37,812 22,807
Debtors 4 52,385 47,798
Cash at bank and in hand 29,852 28,573
120,049 99,178
Creditors: amounts falling due within one year 5 (64,228) (52,489)
Net current assets 55,821 46,689
Net assets 85,862 82,030
Capital and reserves
Called up share capital 100 100
Profit and loss account 85,762 81,930
Shareholders' funds 85,862 82,030
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ali Aydemir
Director
Approved by the board on 1 May 2025
Coldean Local Store Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 15% reducing balance
Motor vehicles 15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Functional and presentation currency
The financial statements of the company are measured and presented in the currency of the primary economic environment in which the company operates, the functional currency. The financial statements are presented in Pound sterling (£), which is the company’s functional currency.
Employee benefits
Short-term employee benefits
Short-term employee benefits are recognised as an expense in the period in which they are incurred.

Post-employment defined contribution plans
Amounts in respect of defined contributions plans are recognised as an expense as they are incurred.

Termination benefits
Provisions for termination benefits are recognised only when the company is demonstrably committed to terminate the employment of an employee or of a group of employees before their normal retirement date or to provide termination benefits as a result of an offer made in order to encourage voluntary redundancy.
Going concern
The financial statements have been prepared on the basis that the company will receive continued financial support from bank and directors and has adequate resources to continue in operational existence for the foreseeable future.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 7 5
3 Tangible fixed assets
Fixtures, fittings, tools and equipment Motor vehicles Total
£ £ £
Cost
At 1 April 2024 22,117 33,000 55,117
At 31 March 2025 22,117 33,000 55,117
Depreciation
At 1 April 2024 12,566 7,210 19,776
Charge for the year 1,432 3,868 5,300
At 31 March 2025 13,998 11,078 25,076
Net book value
At 31 March 2025 8,119 21,922 30,041
At 31 March 2024 9,551 25,790 35,341
4 Debtors 2025 2024
£ £
Trade debtors 23,230 19,888
Other debtors 29,155 27,910
52,385 47,798
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 34,043 18,884
Taxation and social security costs 28,186 28,206
Other creditors 1,999 5,399
64,228 52,489
6 Controlling party
Ali Aydemir is the ultimate controlling party.
7 Other information
Coldean Local Store Limited is a private company limited by shares and incorporated in England. Its registered office is:
3a Park Road
Brighton
East Sussex
BN1 9AA
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