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COMPANY REGISTRATION NUMBER: NI048235
Robinson Stores Ltd
Filleted Unaudited Financial Statements
31 December 2024
Robinson Stores Ltd
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
453,946
454,777
Current assets
Debtors
6
600
2,871
Cash at bank and in hand
6
468
----
-------
606
3,339
Creditors: amounts falling due within one year
7
6,659
6,034
-------
-------
Net current liabilities
6,053
2,695
---------
---------
Total assets less current liabilities
447,893
452,082
Creditors: amounts falling due after more than one year
8
231,430
243,361
Provisions
Taxation including deferred tax
1,421
1,579
---------
---------
Net assets
215,042
207,142
---------
---------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
214,042
206,142
---------
---------
Shareholders funds
215,042
207,142
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Robinson Stores Ltd
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 1 May 2025 , and are signed on behalf of the board by:
Mr S Robinson
Mrs L Robinson
Director
Director
Company registration number: NI048235
Robinson Stores Ltd
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Beechgrove, 106 Fintona Road, CLOGHER, Co Tyrone, BT76 0XA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover shown in the profit and loss account represents amounts invoiced during the year.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Machinery
-
10% reducing balance
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2023: 1 ).
5. Tangible assets
Land and buildings
Plant and machinery
Total
£
£
£
Cost
At 1 January 2024 and 31 December 2024
446,468
54,334
500,802
---------
--------
---------
Depreciation
At 1 January 2024
46,025
46,025
Charge for the year
831
831
---------
--------
---------
At 31 December 2024
46,856
46,856
---------
--------
---------
Carrying amount
At 31 December 2024
446,468
7,478
453,946
---------
--------
---------
At 31 December 2023
446,468
8,309
454,777
---------
--------
---------
6. Debtors
2024
2023
£
£
Trade debtors
600
1,200
Other debtors
1,671
----
-------
600
2,871
----
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
2,574
2,549
Social security and other taxes
3,888
3,447
Other creditors
197
38
-------
-------
6,659
6,034
-------
-------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Inter-company account- SRS Ltd
231,430
243,361
---------
---------
9. Directors' advances, credits and guarantees
During the year the directors advanced to the company the sum of £159. The balance owed to the directors at the 31 December 2024 was £197 (2023: £38).
10. Related party transactions
During the year Robinson Stores Ltd entered into transactions, in the ordinary course of business, with SRS Limited who is deemed to be a related party due to common directorship. The intercompany balance between Robinson Stores Ltd and SRS Limited at the 31 December 2024 was £231,430.