IRIS Accounts Production v25.1.3.33 04656632 Board of Directors 1.3.24 28.2.25 28.2.25 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 04656632 2024-02-29 04656632 2025-02-28 04656632 2024-03-01 2025-02-28 04656632 2023-02-28 04656632 2023-03-01 2024-02-29 04656632 2024-02-29 04656632 ns15:EnglandWales 2024-03-01 2025-02-28 04656632 ns14:PoundSterling 2024-03-01 2025-02-28 04656632 ns10:Director1 2024-03-01 2025-02-28 04656632 ns10:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 04656632 ns10:SmallEntities 2024-03-01 2025-02-28 04656632 ns10:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 04656632 ns10:SmallCompaniesRegimeForDirectorsReport 2024-03-01 2025-02-28 04656632 ns10:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 04656632 ns10:FullAccounts 2024-03-01 2025-02-28 04656632 1 2024-03-01 2025-02-28 04656632 ns10:Director3 2024-03-01 2025-02-28 04656632 ns10:CompanySecretary1 2024-03-01 2025-02-28 04656632 ns10:RegisteredOffice 2024-03-01 2025-02-28 04656632 ns5:CurrentFinancialInstruments 2025-02-28 04656632 ns5:CurrentFinancialInstruments 2024-02-29 04656632 ns5:ShareCapital 2025-02-28 04656632 ns5:ShareCapital 2024-02-29 04656632 ns5:RetainedEarningsAccumulatedLosses 2025-02-28 04656632 ns5:RetainedEarningsAccumulatedLosses 2024-02-29 04656632 ns5:NetGoodwill 2024-03-01 2025-02-28 04656632 ns5:IntangibleAssetsOtherThanGoodwill 2024-03-01 2025-02-28 04656632 ns5:FurnitureFittings 2024-03-01 2025-02-28 04656632 ns5:MotorVehicles 2024-03-01 2025-02-28 04656632 ns5:ComputerEquipment 2024-03-01 2025-02-28 04656632 ns5:NetGoodwill 2024-02-29 04656632 ns5:NetGoodwill 2025-02-28 04656632 ns5:NetGoodwill 2024-02-29 04656632 ns5:LandBuildings ns5:ShortLeaseholdAssets 2024-02-29 04656632 ns5:PlantMachinery 2024-02-29 04656632 ns5:FurnitureFittings 2024-02-29 04656632 ns5:LandBuildings ns5:ShortLeaseholdAssets 2024-03-01 2025-02-28 04656632 ns5:PlantMachinery 2024-03-01 2025-02-28 04656632 ns5:LandBuildings ns5:ShortLeaseholdAssets 2025-02-28 04656632 ns5:PlantMachinery 2025-02-28 04656632 ns5:FurnitureFittings 2025-02-28 04656632 ns5:LandBuildings ns5:ShortLeaseholdAssets 2024-02-29 04656632 ns5:PlantMachinery 2024-02-29 04656632 ns5:FurnitureFittings 2024-02-29 04656632 ns5:MotorVehicles 2024-02-29 04656632 ns5:ComputerEquipment 2024-02-29 04656632 ns5:MotorVehicles 2025-02-28 04656632 ns5:ComputerEquipment 2025-02-28 04656632 ns5:MotorVehicles 2024-02-29 04656632 ns5:ComputerEquipment 2024-02-29 04656632 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-02-28 04656632 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-02-29 04656632 1 ns10:Director1 2024-02-29 04656632 1 ns10:Director1 2023-02-28 04656632 1 ns10:Director1 2024-03-01 2025-02-28 04656632 1 ns10:Director1 2023-03-01 2024-02-29 04656632 1 ns10:Director1 2025-02-28 04656632 1 ns10:Director1 2024-02-29 04656632 3 ns10:Director3 2024-02-29 04656632 3 ns10:Director3 2023-02-28 04656632 3 ns10:Director3 2024-03-01 2025-02-28 04656632 3 ns10:Director3 2023-03-01 2024-02-29 04656632 3 ns10:Director3 2025-02-28 04656632 3 ns10:Director3 2024-02-29

REGISTERED NUMBER: 04656632 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 28 FEBRUARY 2025 |

| FOR |

| BARGAIN BOX (WEST WALES) LIMITED |

BARGAIN BOX (WEST WALES) LIMITED (REGISTERED NUMBER: 04656632) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 28 February 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| BARGAIN BOX (WEST WALES) LIMITED |

COMPANY INFORMATION

for the Year Ended 28 February 2025

| DIRECTORS: | Mrs S J Marsden

| Miss K Mardsen

| SECRETARY: |

| REGISTERED OFFICE: | 8 High Street

| Narberth

| Pembrokeshire

| SA67 7AR

| REGISTERED NUMBER: | 04656632 (England and Wales)

| ACCOUNTANTS: | L M Griffiths & Co Limited

| Chartered Certified Accountants

| 1&2 Merlins Court

| Winch Lane

| Haverfordwest

| Pembrokeshire

| SA61 1SB

BARGAIN BOX (WEST WALES) LIMITED (REGISTERED NUMBER: 04656632) |

STATEMENT OF FINANCIAL POSITION

28 February 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Property, plant and equipment | 5 | 82,374 |  | 124,292 |  |

82,374 |  | 124,292 |  |

CURRENT ASSETS

Inventory | 122,000 |  | 120,000 |  |

Debtors | 6 | 244,563 |  | 244,421 |  |

Cash at bank and in hand | 282,739 |  | 243,433 |  |

649,302 |  | 607,854 |  |

CREDITORS

Amounts falling due within one year | 7 | (244,806 | ) | (199,652 | ) |

NET CURRENT ASSETS | 404,496 |  | 408,202 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 486,870 |  | 532,494 |  |

PROVISIONS FOR LIABILITIES | (10,240 | ) | (20,970 | ) |

NET ASSETS | 476,630 |  | 511,524 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 476,530 |  | 511,424 |  |

SHAREHOLDERS' FUNDS | 476,630 |  | 511,524 |  |

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.

BARGAIN BOX (WEST WALES) LIMITED (REGISTERED NUMBER: 04656632) |

STATEMENT OF FINANCIAL POSITION - 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 5 June 2025 and were signed on its behalf by:

Mrs S J Marsden - Director

BARGAIN BOX (WEST WALES) LIMITED (REGISTERED NUMBER: 04656632) |

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 28 February 2025

1. | STATUTORY INFORMATION

| Bargain Box (West Wales) 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 are not aware of any material uncertainties in making their assessment of going concern. As a result the going concern basis of accounting has been adopted.

| The presentation currency is £ sterling.

| 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 2003, is being amortised evenly over its estimated useful life of twenty 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.

| Property, plant and equipment

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Fixtures and fittings | - | 15% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 33% on reducing balance

| Inventory

| Inventory 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 statement of financial position date.

BARGAIN BOX (WEST WALES) LIMITED (REGISTERED NUMBER: 04656632) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 28 February 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| Hire purchase and leasing commitments

| 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.

| Income recognition

| The company's turnover represents the retail sale of goods. The company recognises revenue at point of sale.

| Business review

| The company continues to run successful retail shops. The directors are not aware of any reason why this should not continue. As a result they have adopted the going concern basis of accounting.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 25 (2024 - 21 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 March 2024

| and 28 February 2025 | 70,000 |  |

| AMORTISATION

| At 1 March 2024

| and 28 February 2025 | 70,000 |  |

| NET BOOK VALUE

| At 28 February 2025 | - |  |

| At 29 February 2024 | - |  |

BARGAIN BOX (WEST WALES) LIMITED (REGISTERED NUMBER: 04656632) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 28 February 2025

5. | PROPERTY, PLANT AND EQUIPMENT

| Fixtures

| Property |  | Plant and |  | and

| Improvements |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 March 2024 | 38,175 |  | 87,112 |  | 43,057 |  |

| Additions | - |  | 1,336 |  | - |  |

| Disposals | - |  | - |  | - |  |

| At 28 February 2025 | 38,175 |  | 88,448 |  | 43,057 |  |

| DEPRECIATION

| At 1 March 2024 | - |  | 73,365 |  | 37,548 |  |

| Charge for year | - |  | 2,265 |  | 826 |  |

| Eliminated on disposal | - |  | - |  | - |  |

| At 28 February 2025 | - |  | 75,630 |  | 38,374 |  |

| NET BOOK VALUE

| At 28 February 2025 | 38,175 |  | 12,818 |  | 4,683 |  |

| At 29 February 2024 | 38,175 |  | 13,747 |  | 5,509 |  |

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 March 2024 | 139,315 |  | 29,461 |  | 337,120 |  |

| Additions | - |  | 471 |  | 1,807 |  |

| Disposals | (86,150 | ) | - |  | (86,150 | ) |

| At 28 February 2025 | 53,165 |  | 29,932 |  | 252,777 |  |

| DEPRECIATION

| At 1 March 2024 | 74,671 |  | 27,244 |  | 212,828 |  |

| Charge for year | 8,298 |  | 882 |  | 12,271 |  |

| Eliminated on disposal | (54,696 | ) | - |  | (54,696 | ) |

| At 28 February 2025 | 28,273 |  | 28,126 |  | 170,403 |  |

| NET BOOK VALUE

| At 28 February 2025 | 24,892 |  | 1,806 |  | 82,374 |  |

| At 29 February 2024 | 64,644 |  | 2,217 |  | 124,292 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other debtors | 244,563 |  | 244,421 |  |

BARGAIN BOX (WEST WALES) LIMITED (REGISTERED NUMBER: 04656632) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 28 February 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 93,542 |  | 132,836 |  |

| Taxation and social security | 62,178 |  | 59,516 |  |

| Other creditors | 89,086 |  | 7,300 |  |

244,806 |  | 199,652 |  |

8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the years ended 28 February 2025 and 29 February 2024:

2025 | 2024 |

£ | £ |

| Mrs S J Marsden

| Balance outstanding at start of year | (1,508 | ) | (837 | ) |

| Amounts advanced | 35,800 |  | 76,953 |  |

| Amounts repaid | (85,974 | ) | (77,624 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (51,682 | ) | (1,508 | ) |

| Miss K Mardsen

| Balance outstanding at start of year | - |  | - |  |

| Amounts advanced | 1,360 |  | - |  |

| Amounts repaid | (34,270 | ) | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (32,910 | ) | - |  |