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REGISTERED NUMBER: 10276417 (England and Wales)















Financial Statements for the Year Ended 30 September 2024

for

Bedeburn Food Store Limited

Bedeburn Food Store Limited (Registered number: 10276417)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bedeburn Food Store Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr Bhupinder Singh Gill
Mrs Sukhdeep Kaur





SECRETARY:





REGISTERED OFFICE: 1 Bedeburn Foot
Newcastle upon Tyne
NE5 4JX





REGISTERED NUMBER: 10276417 (England and Wales)





ACCOUNTANTS: Flannagans - Gateshead
7 Bankside
The Watermark
Gateshead
NE11 9SY

Bedeburn Food Store Limited (Registered number: 10276417)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 45,000 60,000
Tangible assets 5 35,444 42,980
80,444 102,980

CURRENT ASSETS
Stocks 50,700 62,900
Debtors 6 670 533
Cash at bank and in hand 385,306 263,683
436,676 327,116
CREDITORS
Amounts falling due within one year 7 298,270 273,487
NET CURRENT ASSETS 138,406 53,629
TOTAL ASSETS LESS CURRENT
LIABILITIES

218,850

156,609

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 218,750 156,509
SHAREHOLDER FUNDS 218,850 156,609

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

Bedeburn Food Store Limited (Registered number: 10276417)

Balance Sheet - continued
30 September 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 Board of Directors and authorised for issue on 20 February 2025 and were signed on its behalf by:





Mr Bhupinder Singh Gill - Director


Bedeburn Food Store Limited (Registered number: 10276417)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Bedeburn Food Store 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
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, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Bedeburn Food Store Limited (Registered number: 10276417)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 150,000
AMORTISATION
At 1 October 2023 90,000
Amortisation for year 15,000
At 30 September 2024 105,000
NET BOOK VALUE
At 30 September 2024 45,000
At 30 September 2023 60,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 October 2023 53,346 1 53,347
Disposals - (1 ) (1 )
At 30 September 2024 53,346 - 53,346
DEPRECIATION
At 1 October 2023 10,367 - 10,367
Charge for year 7,535 - 7,535
At 30 September 2024 17,902 - 17,902
NET BOOK VALUE
At 30 September 2024 35,444 - 35,444
At 30 September 2023 42,979 1 42,980

Bedeburn Food Store Limited (Registered number: 10276417)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 670 533

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 25,300 -
Trade creditors 23,522 19,169
Tax 28,358 2,645
Social security and other taxes - 18
VAT 8,519 3,765
Directors' loan accounts 212,258 246,136
Accrued expenses 313 1,754
298,270 273,487

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 October 2023 156,509
Profit for the year 63,241
Dividends (1,000 )
At 30 September 2024 218,750

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr Bhupinder Singh Gill.

The ultimate controlling party is Mr Bhupinder Singh Gill.