Registered number
14863233
Fairbourne Mini Mart Limited
Filleted Accounts
31 March 2025
Fairbourne Mini Mart Limited
Company Information
Directors
Mrs A North
Mrs K Hamilton
Secretary
Mr J North
Accountants
Accountancy Admin Limited
Seren Y Mor
Stad Gwastadgoed Isaf
Llwyngwril
Gwynedd
LL37 2LA
Registered office
2 Beach Road
Fairbourne
Gwynedd
LL38 2PZ
Registered number
14863233
Fairbourne Mini Mart Limited
Registered number: 14863233
Directors' Report
The directors present their report and accounts for the year ended 31 March 2025.
Principal activities
The company's principal activity during the year continued to be retail supplies.
Directors
The following persons served as directors during the year:
Mrs A North
Mrs K Hamilton
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 30 May 2025 and signed on its behalf.
Mrs K Hamilton
Director
Fairbourne Mini Mart Limited
Accountants' Report
Accountants' report to the directors of
Fairbourne Mini Mart Limited
You consider that the company is exempt from an audit for the year ended 31 March 2025. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Accountancy Admin Limited
Accountants
Seren Y Mor
Stad Gwastadgoed Isaf
Llwyngwril
Gwynedd
LL37 2LA
30 May 2025
Fairbourne Mini Mart Limited
Registered number: 14863233
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 22,919 23,403
Current assets
Stocks 50,000 50,000
Debtors 4 10,000 20,558
Cash at bank and in hand - 1,948
60,000 72,506
Creditors: amounts falling due within one year 5 (60,915) (56,153)
Net current (liabilities)/assets (915) 16,353
Total assets less current liabilities 22,004 39,756
Creditors: amounts falling due after more than one year 6 (2,500) (12,500)
Net assets 19,504 27,256
Capital and reserves
Called up share capital 5 5
Profit and loss account 19,499 27,251
Shareholders' funds 19,504 27,256
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs K Hamilton
Director
Approved by the board on 30 May 2025
Fairbourne Mini Mart Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 9 8
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 31,205
Additions 9,192
At 31 March 2025 40,397
Depreciation
At 1 April 2024 7,802
Charge for the year 9,676
At 31 March 2025 17,478
Net book value
At 31 March 2025 22,919
At 31 March 2024 23,403
4 Debtors 2025 2024
£ £
Other debtors and prepayments 10,000 20,558
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts(Unsecured) 11,680 10,000
Loan - J North 19,900 27,467
Trade creditors 22,603 10,980
Directors Loan - A North 4,393 953
Taxation and social security costs 839 2,574
Other creditors 1,500 4,179
60,915 56,153
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans (Unsecured) 2,500 12,500
7 Other information
Fairbourne Mini Mart Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Beach Road
Fairbourne
Gwynedd
LL38 2PZ
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