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REGISTERED NUMBER: 03763277 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

LYONS SCHOOL SHOP LIMITED

LYONS SCHOOL SHOP LIMITED (REGISTERED NUMBER: 03763277)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LYONS SCHOOL SHOP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2025







DIRECTORS: P O Beresford
D C Beresford





REGISTERED OFFICE: 55 Loudoun Road
London
NW8 0DL





REGISTERED NUMBER: 03763277 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
St John's Wood
London
NW8 0DL

LYONS SCHOOL SHOP LIMITED (REGISTERED NUMBER: 03763277)

BALANCE SHEET
28 FEBRUARY 2025

28.2.25 29.2.24
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 143,353 152,747
143,353 152,747

CURRENT ASSETS
Stocks 1,197,125 1,610,631
Debtors 6 319,482 317,756
Cash at bank and in hand 3,276,501 2,631,934
4,793,108 4,560,321
CREDITORS
Amounts falling due within one year 7 (592,987 ) (755,158 )
NET CURRENT ASSETS 4,200,121 3,805,163
TOTAL ASSETS LESS CURRENT LIABILITIES 4,343,474 3,957,910

CREDITORS
Amounts falling due after more than one
year

8

(47,156

)

(20,428

)

PROVISIONS FOR LIABILITIES 11 (20,753 ) (13,133 )
NET ASSETS 4,275,565 3,924,349

CAPITAL AND RESERVES
Called up share capital 12 1,000 1,000
Retained earnings 4,274,565 3,923,349
SHAREHOLDERS' FUNDS 4,275,565 3,924,349

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

LYONS SCHOOL SHOP LIMITED (REGISTERED NUMBER: 03763277)

BALANCE SHEET - continued
28 FEBRUARY 2025


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 Board of Directors and authorised for issue on 30 May 2025 and were signed on its behalf by:





P O Beresford - Director


LYONS SCHOOL SHOP LIMITED (REGISTERED NUMBER: 03763277)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025


1. STATUTORY INFORMATION

Lyons School Shop 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.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, has been amortised evenly over its estimated useful life of 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Leasehold property - evenly over the period of the lease
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 year 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.

LYONS SCHOOL SHOP LIMITED (REGISTERED NUMBER: 03763277)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 AND DIRECTORS

The average number of employees during the year was 86 (2024 - 86 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2024
and 28 February 2025 545,000
AMORTISATION
At 1 March 2024
and 28 February 2025 545,000
NET BOOK VALUE
At 28 February 2025 -
At 29 February 2024 -

LYONS SCHOOL SHOP LIMITED (REGISTERED NUMBER: 03763277)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


5. TANGIBLE FIXED ASSETS
Fixtures
Leasehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2024 90,983 473,159 135,516 137,742 837,400
Additions - 9,818 46,090 - 55,908
Disposals - - (41,605 ) - (41,605 )
At 28 February 2025 90,983 482,977 140,001 137,742 851,703
DEPRECIATION
At 1 March 2024 90,983 395,364 80,357 117,949 684,653
Charge for year - 21,903 20,933 4,948 47,784
Eliminated on disposal - - (24,087 ) - (24,087 )
At 28 February 2025 90,983 417,267 77,203 122,897 708,350
NET BOOK VALUE
At 28 February 2025 - 65,710 62,798 14,845 143,353
At 29 February 2024 - 77,795 55,159 19,793 152,747

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2024 86,050
Additions 46,090
Disposals (41,605 )
At 28 February 2025 90,535
DEPRECIATION
At 1 March 2024 43,532
Charge for year 17,773
Eliminated on disposal (24,087 )
At 28 February 2025 37,218
NET BOOK VALUE
At 28 February 2025 53,317
At 29 February 2024 42,518

LYONS SCHOOL SHOP LIMITED (REGISTERED NUMBER: 03763277)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


6. DEBTORS
28.2.25 29.2.24
£    £   
Amounts falling due within one year:
Amounts owed by related parties 233,792 195,000
Other debtors 43,690 80,756
277,482 275,756

Amounts falling due after more than one year:
Amounts owed by related parties 42,000 42,000

Aggregate amounts 319,482 317,756

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Hire purchase contracts (see note 9) 10,000 26,364
Trade creditors 230,005 428,088
Taxation and social security 193,986 126,589
Other creditors 158,996 174,117
592,987 755,158

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.25 29.2.24
£    £   
Hire purchase contracts (see note 9) 47,156 20,428

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
28.2.25 29.2.24
£    £   
Net obligations repayable:
Within one year 10,000 26,364
Between one and five years 47,156 20,428
57,156 46,792

LYONS SCHOOL SHOP LIMITED (REGISTERED NUMBER: 03763277)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
28.2.25 29.2.24
£    £   
Within one year 375,000 375,000
Between one and five years 762,500 1,137,500
1,137,500 1,512,500

10. SECURED DEBTS

The following secured debts are included within creditors:

28.2.25 29.2.24
£    £   
Hire purchase contracts 57,156 46,792

HP liabilities are secured against the assets they relate to.

11. PROVISIONS FOR LIABILITIES
28.2.25 29.2.24
£    £   
Deferred tax 20,753 13,133

Deferred
tax
£   
Balance at 1 March 2024 13,133
Provided during year 7,620
Balance at 28 February 2025 20,753

12. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 28.2.25 29.2.24
value: £    £   
1,000 Share capital 1 £1 1,000 1,000

LYONS SCHOOL SHOP LIMITED (REGISTERED NUMBER: 03763277)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


13. RELATED PARTY DISCLOSURES

During the year the company paid a rent of £106,583 (2024: £100,000) to Beresford Family Partnership, a partnership under common control of directors. No other transactions were undertaken apart from the transfer of fund.

During the year the company made a loan of £102,548 (2024: £67,000) to Uniform 4 kids Limited, a company related by common shareholding.







14. PENSION COMMITMENTS

The company makes payments to a defined contribution scheme on behalf of the directors and employees. Amounts charged to the profit and loss account were £31,479 for the year (2024: £31,911).