REGISTERED NUMBER: 04656632 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

BARGAIN BOX (WEST WALES) LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

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

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.

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

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.

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

-

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

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

)

-