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Registered Number: 12616432
England and Wales

 

 

 

WK RETAIL GROUP LTD



Abridged Accounts
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 7,500    8,750 
Tangible fixed assets 4 15,573    31,145 
23,073    39,895 
Current assets      
Debtors 10,816    10,225 
Cash at bank and in hand 8,513    (27,704)
19,329    (17,479)
Creditors: amount falling due within one year (92,675)   (66,086)
Net current assets (73,346)   (83,565)
 
Total assets less current liabilities (50,273)   (43,670)
Creditors: amount falling due after more than one year (135,896)   (142,262)
Net assets (186,169)   (185,932)
 

Capital and reserves
     
Called up share capital 5 2    2 
Profit and loss account (186,171)   (185,934)
Shareholders' funds (186,169)   (185,932)
 


For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 27 May 2025 and were signed on its behalf by:


-------------------------------
Waqas Tariq Mughal
Director
1
General Information
WK RETAIL GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 12616432, registration address 1 Shilton Lane, Coventry, England, CV2 2AB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Straight Line
2.

Average number of employees

Average number of employees during the year was 14 (2023 : 11).
3.

Intangible fixed assets

Cost Other   Total
  £   £
At 01 June 2023 12,500    12,500 
Additions  
Disposals  
At 31 May 2024 12,500    12,500 
Amortisation
At 01 June 2023 3,750    3,750 
Charge for year 1,250    1,250 
On disposals  
At 31 May 2024 5,000    5,000 
Net book values
At 31 May 2024 7,500    7,500 
At 31 May 2023 8,750    8,750 


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 01 June 2023 62,291    62,291 
Additions  
Disposals  
At 31 May 2024 62,291    62,291 
Depreciation
At 01 June 2023 31,146    31,146 
Charge for year 15,572    15,572 
On disposals  
At 31 May 2024 46,718    46,718 
Net book values
Closing balance as at 31 May 2024 15,573    15,573 
Opening balance as at 01 June 2023 31,145    31,145 


5.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
2 Class A shares of £1.00 each  
 

2