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REGISTERED NUMBER: 05700552 (England and Wales)












The Convenience Company Wales and West
Limited

Unaudited Financial Statements

for the Period

1 April 2024 to 31 October 2024






The Convenience Company Wales and West
Limited (Registered number: 05700552)

Contents of the Financial Statements
for the Period 1 April 2024 to 31 October 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


The Convenience Company Wales and West
Limited

Company Information
for the Period 1 April 2024 to 31 October 2024







DIRECTORS: DC Roper
LJ Roper





SECRETARY: LJ Roper





REGISTERED OFFICE: Lower House Farm
Tyberton
Madley
Hereford
Herefordshire
HR2 9PT





REGISTERED NUMBER: 05700552 (England and Wales)





ACCOUNTANTS: The Hutchinson Partnership Limited
trading as The Hutchinson Partnership
Chartered Accountants
The Bull Pen
Grove Farm
Portway, Burghill
Hereford
HR4 8NF

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
The Convenience Company Wales and West
Limited (Registered number: 05700552)


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Income and Retained Earnings and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Convenience Company Wales and West Limited for the period ended 31 October 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Convenience Company Wales and West Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Convenience Company Wales and West Limited and state those matters that we have agreed to state to the Board of Directors of The Convenience Company Wales and West Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Convenience Company Wales and West Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Convenience Company Wales and West Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Convenience Company Wales and West Limited. You consider that The Convenience Company Wales and West Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of The Convenience Company Wales and West Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Hutchinson Partnership Limited
trading as The Hutchinson Partnership
Chartered Accountants
The Bull Pen
Grove Farm
Portway, Burghill
Hereford
HR4 8NF


29 May 2025

The Convenience Company Wales and West
Limited (Registered number: 05700552)

Balance Sheet
31 October 2024

2024 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 455,840 450,715
455,840 450,715

CURRENT ASSETS
Debtors 6 36,573 40,788
Cash at bank 166,958 56,823
203,531 97,611
CREDITORS
Amounts falling due within one year 7 119,307 107,624
NET CURRENT ASSETS/(LIABILITIES) 84,224 (10,013 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

540,064

440,702

CREDITORS
Amounts falling due after more than one
year

8

(6,872

)

(13,098

)

PROVISIONS FOR LIABILITIES 10 (103,417 ) (102,283 )
NET ASSETS 429,775 325,321

CAPITAL AND RESERVES
Allotted, issued and fully
paid share capital 2 2
Retained earnings 429,773 325,319
429,775 325,321

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 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.

The Convenience Company Wales and West
Limited (Registered number: 05700552)

Balance Sheet - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2025 and were signed on its behalf by:





DC Roper - Director


The Convenience Company Wales and West
Limited (Registered number: 05700552)

Notes to the Financial Statements
for the Period 1 April 2024 to 31 October 2024


1. STATUTORY INFORMATION

The Convenience Company Wales and West 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.

The directors have considered the financial requirements of the company and consider that it will be able to operate within its agreed finance facilities for the next 12 months. The directors therefore consider it appropriate to prepare the accounts on a going concern basis.

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 2012, has been amortised evenly over its estimated useful life of nine 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 - 25% on reducing balance and 6.67% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


The Convenience Company Wales and West
Limited (Registered number: 05700552)

Notes to the Financial Statements - continued
for the Period 1 April 2024 to 31 October 2024


2. ACCOUNTING POLICIES - continued
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 period 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.

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

The average number of employees during the period was 8 (2024 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 October 2024 45,000
AMORTISATION
At 1 April 2024
and 31 October 2024 45,000
NET BOOK VALUE
At 31 October 2024 -
At 31 March 2024 -

The Convenience Company Wales and West
Limited (Registered number: 05700552)

Notes to the Financial Statements - continued
for the Period 1 April 2024 to 31 October 2024


5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2024 968,402 231,207 3,100 1,202,709
Additions 45,455 - - 45,455
Disposals (103,186 ) - - (103,186 )
At 31 October 2024 910,671 231,207 3,100 1,144,978
DEPRECIATION
At 1 April 2024 625,047 123,934 3,013 751,994
Charge for period 27,145 12,579 51 39,775
Eliminated on disposal (102,631 ) - - (102,631 )
At 31 October 2024 549,561 136,513 3,064 689,138
NET BOOK VALUE
At 31 October 2024 361,110 94,694 36 455,840
At 31 March 2024 343,355 107,273 87 450,715

6. DEBTORS
2024 2024
£    £   
Amounts falling due within one year:
Trade debtors 5,934 4,053
VAT - 3,847
Prepayments and accrued income 10,866 13,115
16,800 21,015

Amounts falling due after more than one year:
Tax repayable 19,773 19,773

Aggregate amounts 36,573 40,788

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Bank loans and overdrafts 10,212 9,932
Trade creditors 9,950 13,564
Corporation tax 41,467 1,159
Social security and other taxes 295 222
VAT 6,882 -
Directors' current accounts 35,211 29,261
Accruals and deferred income 15,290 53,486
119,307 107,624

The Convenience Company Wales and West
Limited (Registered number: 05700552)

Notes to the Financial Statements - continued
for the Period 1 April 2024 to 31 October 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2024
£    £   
Bank loans - 1-2 years 6,872 10,429
Bank loans - 2-5 years - 2,669
6,872 13,098

9. SECURED DEBTS

National Westminster Bank has a fixed and floating charge over the assets of the company to secure any amounts owed to them.

10. PROVISIONS FOR LIABILITIES
2024 2024
£    £   
Deferred tax
Advanced capital allowances 103,417 102,283

Deferred
tax
£   
Balance at 1 April 2024 102,283
Provided during period 1,666
Prior year adjustment (532 )
Balance at 31 October 2024 103,417

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 October 2024 and the year ended 31 March 2024:

2024 2024
£    £   
DC Roper and LJ Roper
Balance outstanding at start of period (29,261 ) 14,587
Amounts advanced 7,612 22,568
Amounts repaid (13,562 ) (66,416 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (35,211 ) (29,261 )

During the period that the loan was overdrawn interest at the authorised rate of £NIL (March 2024: £224) was charged.

12. RELATED PARTY DISCLOSURES

During the year the company has been charged a management fee of £2,800 (March 2024 : £1,600) from a partnership in which the directors are partners. This amount had been fully paid by the year end.