IRIS Accounts Production v24.3.2.46 04609419 Board of Directors 1.3.24 28.2.25 28.2.25 false true false false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046094192024-02-29046094192025-02-28046094192024-03-012025-02-28046094192023-02-28046094192023-03-012024-02-29046094192024-02-2904609419ns15:EnglandWales2024-03-012025-02-2804609419ns14:PoundSterling2024-03-012025-02-2804609419ns10:Director12024-03-012025-02-2804609419ns10:PrivateLimitedCompanyLtd2024-03-012025-02-2804609419ns10:SmallEntities2024-03-012025-02-2804609419ns10:AuditExempt-NoAccountantsReport2024-03-012025-02-2804609419ns10:SmallCompaniesRegimeForAccounts2024-03-012025-02-2804609419ns10:FullAccounts2024-03-012025-02-280460941912024-03-012025-02-2804609419ns10:OrdinaryShareClass12024-03-012025-02-2804609419ns10:OrdinaryShareClass22024-03-012025-02-2804609419ns10:Director22024-03-012025-02-2804609419ns10:Director32024-03-012025-02-2804609419ns10:CompanySecretary12024-03-012025-02-2804609419ns10:RegisteredOffice2024-03-012025-02-2804609419ns5:CurrentFinancialInstruments2025-02-2804609419ns5:CurrentFinancialInstruments2024-02-2904609419ns5:ShareCapital2025-02-2804609419ns5:ShareCapital2024-02-2904609419ns5:RetainedEarningsAccumulatedLosses2025-02-2804609419ns5:RetainedEarningsAccumulatedLosses2024-02-2904609419ns5:NetGoodwill2024-03-012025-02-2804609419ns5:IntangibleAssetsOtherThanGoodwill2024-03-012025-02-2804609419ns5:LandBuildingsns5:ShortLeaseholdAssets2024-03-012025-02-2804609419ns5:FurnitureFittings2024-03-012025-02-2804609419ns5:ComputerEquipment2024-03-012025-02-2804609419ns5:NetGoodwill2024-02-2904609419ns5:NetGoodwill2025-02-2804609419ns5:NetGoodwill2024-02-2904609419ns5:LandBuildingsns5:ShortLeaseholdAssets2024-02-2904609419ns5:FurnitureFittings2024-02-2904609419ns5:ComputerEquipment2024-02-2904609419ns5:LandBuildingsns5:ShortLeaseholdAssets2025-02-2804609419ns5:FurnitureFittings2025-02-2804609419ns5:ComputerEquipment2025-02-2804609419ns5:LandBuildingsns5:ShortLeaseholdAssets2024-02-2904609419ns5:FurnitureFittings2024-02-2904609419ns5:ComputerEquipment2024-02-2904609419ns5:WithinOneYearns5:CurrentFinancialInstruments2025-02-2804609419ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2904609419ns5:WithinOneYear2025-02-2804609419ns5:WithinOneYear2024-02-2904609419ns5:BetweenOneFiveYears2025-02-2804609419ns5:BetweenOneFiveYears2024-02-2904609419ns5:AllPeriods2025-02-2804609419ns5:AllPeriods2024-02-2904609419ns10:OrdinaryShareClass12025-02-2804609419ns10:OrdinaryShareClass22025-02-28
REGISTERED NUMBER: 04609419 (England and Wales)













Unaudited Financial Statements

for the Year Ended 28 February 2025

for

The Cut-Price Bookstore Limited

The Cut-Price Bookstore Limited (Registered number: 04609419)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Cut-Price Bookstore Limited

Company Information
for the Year Ended 28 February 2025







DIRECTORS: M D Cohen
J A Cohen
Mrs L G Rawnsley



SECRETARY: J A Cohen



REGISTERED OFFICE: 43 Chester Avenue
Beverley
East Yorkshire
HU17 8UQ



REGISTERED NUMBER: 04609419 (England and Wales)



ACCOUNTANTS: Anderson Barrowcliff Limited
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX



BANKERS: HSBC
4 Baxtergate
Whitby
North Yorkshire
YO21 1BD

The Cut-Price Bookstore Limited (Registered number: 04609419)

Balance Sheet
28 February 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 11,364 10,341
11,364 10,341

CURRENT ASSETS
Stocks 126,823 119,368
Debtors 6 16,006 17,350
Cash at bank and in hand 253,516 314,785
396,345 451,503
CREDITORS
Amounts falling due within one year 7 87,700 105,013
NET CURRENT ASSETS 308,645 346,490
TOTAL ASSETS LESS CURRENT
LIABILITIES

320,009

356,831

PROVISIONS FOR LIABILITIES 2,841 2,585
NET ASSETS 317,168 354,246

CAPITAL AND RESERVES
Called up share capital 9 125 125
Retained earnings 317,043 354,121
SHAREHOLDERS' FUNDS 317,168 354,246

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2025 and were signed on its behalf by:





M D Cohen - Director


The Cut-Price Bookstore Limited (Registered number: 04609419)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

The Cut Price Bookstore 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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

Goodwill
Goodwill can be split into two separate amounts as follows:

Goodwill of £35,000 arising on incorporation in 2003 was amortised evenly over its estimated useful life of ten years, and;

Goodwill of £59,999, being the amount paid in connection with the acquisition of a business in 2011, was amortised evenly over its estimated useful life of three years.

Both amounts have now been fully written down to nil.

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.
Leasehold property - over the period of the lease
Fixtures and fittings - 33% on cost and 20% on cost
Computer equipment - 33% on cost

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

Tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

The Cut-Price Bookstore Limited (Registered number: 04609419)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The Company operates a defined contribution pension scheme for the benefit of its staff. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

The Company also operates a non contributory pension scheme for certain directors. Expenditure is charged to the profit and loss account as it is paid.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

Debtors and creditors receivable/payable
Debtors and creditors with no stated interest rate and receivable or payable are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

Leasing commitments
Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2024
and 28 February 2025 94,999
AMORTISATION
At 1 March 2024
and 28 February 2025 94,999
NET BOOK VALUE
At 28 February 2025 -
At 29 February 2024 -

The Cut-Price Bookstore Limited (Registered number: 04609419)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

5. TANGIBLE FIXED ASSETS
Fixtures
Leasehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 March 2024 44,574 53,160 1,760 99,494
Additions - 3,863 - 3,863
At 28 February 2025 44,574 57,023 1,760 103,357
DEPRECIATION
At 1 March 2024 44,552 42,843 1,758 89,153
Charge for year - 2,840 - 2,840
At 28 February 2025 44,552 45,683 1,758 91,993
NET BOOK VALUE
At 28 February 2025 22 11,340 2 11,364
At 29 February 2024 22 10,317 2 10,341

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 8,003 8,940
Other debtors 8,003 8,410
16,006 17,350

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 45,324 52,768
Taxation and social security 35,477 46,658
Other creditors 6,899 5,587
87,700 105,013

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 74,900 74,900
Between one and five years 96,750 117,150
171,650 192,050

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary A £1 100 100
25 Ordinary B £1 25 25
125 125