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Registered number: 07861539
Click Stores Ltd
Unaudited Financial Statements
For The Year Ended 30 November 2024
CKM Accountancy
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07861539
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,964 1,138
1,964 1,138
CURRENT ASSETS
Stocks 5 41,437 43,319
Debtors 6 10,947 18,072
Cash at bank and in hand - 1
52,384 61,392
Creditors: Amounts Falling Due Within One Year 7 (68,777 ) (76,251 )
NET CURRENT ASSETS (LIABILITIES) (16,393 ) (14,859 )
TOTAL ASSETS LESS CURRENT LIABILITIES (14,429 ) (13,721 )
Creditors: Amounts Falling Due After More Than One Year 8 (5,350 ) (13,374 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (269 ) (134 )
NET LIABILITIES (20,048 ) (27,229 )
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (20,148 ) (27,329 )
SHAREHOLDERS' FUNDS (20,048) (27,229)
Page 1
Page 2
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mohammed Sajid
Director
21st May 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Click Stores Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07861539 . The registered office is Unit 16/17 Spotland Bridge Mill, Mellor Street, Rochdale, OL11 5BU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 and is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 20% on reducing balance.
Plant & Machinery 15% to 25% on reducing balance.
Computer Equipment 33% on reducing balance.
2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Computer Equipment Total
£ £ £ £
Cost
As at 1 December 2023 702 778 868 2,348
Additions 242 1,097 - 1,339
As at 30 November 2024 944 1,875 868 3,687
Depreciation
As at 1 December 2023 74 432 704 1,210
Provided during the period 166 292 55 513
As at 30 November 2024 240 724 759 1,723
Net Book Value
As at 30 November 2024 704 1,151 109 1,964
As at 1 December 2023 628 346 164 1,138
5. Stocks
2024 2023
£ £
Finished goods 41,437 43,319
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 675 8,277
Prepayments and accrued income 3,833 1,521
Other debtors 6,439 6,342
Corporation tax recoverable assets - 253
Other taxes and social security - 1,679
10,947 18,072
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,729 5,340
Bank loans and overdrafts 17,149 19,108
Corporation tax 11 -
Other taxes and social security 1,092 -
Accruals and deferred income 1,394 1,487
Director's loan account 46,402 50,316
68,777 76,251
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 5,350 13,374
9. Deferred Taxation
The provision for deferred taxation arises from accelerated capital allowances.
2024 2023
£ £
Other timing differences 269 134
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 8,353 2,490
Later than one year and not later than five years 6,460 27,829
14,813 30,319
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