MIDLANDS SUPERSTORE LTD
Statement of financial position
as at 31 August 2024
Cash at bank and in hand
168
10
Creditors: amounts falling due within one year
(4,020)
(4,400)
Net current assets
16,448
19,539
Total assets less current liabilities
16,448
19,539
Creditors: amounts falling due after more than one year
(16,631)
(19,338)
Net (liabilities)/assets
(183)
201
Called up share capital
2
2
Capital contribution reserve
29,971
29,971
Profit and loss account
(30,156)
(29,772)
Shareholders' funds
(183)
201
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by
DEEPESH SCARIYA
Director
Company Registration No. 11503293
MIDLANDS SUPERSTORE LTD
Notes to the Accounts
for the year ended 31 August 2024
MIDLANDS SUPERSTORE LTD is a private company, limited by shares, registered in England and Wales, registration number 11503293. The registered office is 127 DAVENTRY ROAD, CHAYLESMORE, COVENTRY, CV3 5HD, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Tangible Assets Deprecated on Straight line method
Computer equipment
Tangible Assets Deprecated on Straight line method
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2023
9,167
1,800
10,967
At 31 August 2024
9,167
1,800
10,967
At 1 September 2023
9,167
1,800
10,967
At 31 August 2024
9,167
1,800
10,967
Amounts falling due within one year
Other debtors
20,300
23,438
MIDLANDS SUPERSTORE LTD
Notes to the Accounts
for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,020
4,100
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
350
-
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
11,719
-
1,569
10,150
Directors Loan
11,719
-
1,569
10,150
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).