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REGISTERED NUMBER: 08871373 (England and Wales)


Financial Statements for the Year Ended 31 December 2024

for

Quality Superstore (Leicester) Ltd

Quality Superstore (Leicester) Ltd (Registered number: 08871373)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Quality Superstore (Leicester) Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mrs Harpreet Kaur Arora





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD





REGISTERED NUMBER: 08871373 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Quality Superstore (Leicester) Ltd (Registered number: 08871373)

Statement of Financial Position
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 129,618 129,618
Property, plant and equipment 5 12,963 10,284
142,581 139,902

CURRENT ASSETS
Inventories 6 95,345 92,367
Debtors 7 73,531 18,967
Cash at bank and in hand 8,636 5,571
177,512 116,905
CREDITORS
Amounts falling due within one year 8 208,127 148,108
NET CURRENT LIABILITIES (30,615 ) (31,203 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

111,966

108,699

CREDITORS
Amounts falling due after more than one
year

9

62,166

61,160
NET ASSETS 49,800 47,539

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 49,700 47,439
SHAREHOLDERS' FUNDS 49,800 47,539

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Quality Superstore (Leicester) Ltd (Registered number: 08871373)

Statement of Financial Position - continued
31 December 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 director and authorised for issue on 31 May 2025 and were signed by:





Mrs Harpreet Kaur Arora - Director


Quality Superstore (Leicester) Ltd (Registered number: 08871373)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Quality Superstore (Leicester) Ltd 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
Revenue 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 2014, is being amortised evenly over its estimated useful life of nil 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.
Plant and machinery etc - 25% on reducing balance

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

Long term contracts are stated at net cost less foreseeable losses less any applicable payments on account. The amount recorded as revenue in respect of long term contracts is ascertained by reference to the value of the work carried out to date. Attributable profit is recognised as the difference between recorded revenue and related costs.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 7 ) .

Quality Superstore (Leicester) Ltd (Registered number: 08871373)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 129,618
NET BOOK VALUE
At 31 December 2024 129,618
At 31 December 2023 129,618

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 January 2024 48,065
Additions 7,000
At 31 December 2024 55,065
DEPRECIATION
At 1 January 2024 37,781
Charge for year 4,321
At 31 December 2024 42,102
NET BOOK VALUE
At 31 December 2024 12,963
At 31 December 2023 10,284

6. INVENTORIES
31.12.24 31.12.23
£    £   
Stocks 89,084 89,637

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 69,000 18,886
Other debtors 4,531 81
73,531 18,967

Quality Superstore (Leicester) Ltd (Registered number: 08871373)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 955 2,272
Trade creditors 68,462 40,614
Taxation and social security 13,238 11,426
Other creditors 125,472 93,796
208,127 148,108

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans 62,166 61,160

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary £1 100 100