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Company Registration No. 08736968 (England and Wales)
Store 93 LTD Unaudited accounts for the year ended 31 October 2024
Store 93 LTD Unaudited accounts Contents
Page
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Store 93 LTD Company Information for the year ended 31 October 2024
Director
Mr Dewman Lawati
Company Number
08736968 (England and Wales)
Registered Office
7-9 Beaver Road Ashford Kent TN23 7SD United Kingdom
Accountants
Lucent Accounting 4 Dorset Way Uxbridge UB10 0JR
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Store 93 LTD Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,827 
11,049 
Current assets
Inventories
51,905 
46,775 
Debtors
548 
- 
Cash at bank and in hand
6,828 
4,443 
59,281 
51,218 
Creditors: amounts falling due within one year
(49,082)
(48,172)
Net current assets
10,199 
3,046 
Total assets less current liabilities
18,026 
14,095 
Creditors: amounts falling due after more than one year
(8,500)
(14,500)
Net assets/(liabilities)
9,526 
(405)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
9,525 
(406)
Shareholders' funds
9,526 
(405)
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 July 2025 and were signed on its behalf by
Mr Dewman Lawati Director Company Registration No. 08736968
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Store 93 LTD Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Store 93 LTD is a private company, limited by shares, registered in England and Wales, registration number 08736968. The registered office is 7-9, Beaver Road, Ashford, Kent, TN23 7SD, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ 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. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on straight line method
Motor vehicles
20% on reducing balance method
Fixtures & fittings
20% on straight line method
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Store 93 LTD Notes to the Accounts for the year ended 31 October 2024
Corporation tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2023
5,000 
At 31 October 2024
5,000 
Amortisation
At 1 November 2023
5,000 
At 31 October 2024
5,000 
Net book value
At 31 October 2024
- 
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Store 93 LTD Notes to the Accounts for the year ended 31 October 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2023
6,954 
6,495 
33,319 
46,768 
At 31 October 2024
6,954 
6,495 
33,319 
46,768 
Depreciation
At 1 November 2023
6,954 
3,612 
25,153 
35,719 
Charge for the year
- 
576 
2,646 
3,222 
At 31 October 2024
6,954 
4,188 
27,799 
38,941 
Net book value
At 31 October 2024
- 
2,307 
5,520 
7,827 
At 31 October 2023
- 
2,883 
8,166 
11,049 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
548 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,000 
6,000 
VAT
- 
581 
Obligations under finance leases and hire purchase contracts
- 
596 
Trade creditors
17,247 
3,578 
Taxes and social security
3,952 
972 
Loans from directors
20,508 
34,090 
Accruals
1,375 
2,355 
49,082 
48,172 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,500 
14,500 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr Dewman Lawati
(34,090)
13,582 
- 
(20,508)
(34,090)
13,582 
- 
(20,508)
During the year, company owed £20,508 (2023: £34,090) to the director of the company. There are no interest or repayment terms attached to this funding.
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Store 93 LTD Notes to the Accounts for the year ended 31 October 2024
10
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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