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REGISTERED NUMBER: 11178500 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Stores Supply Limited

Stores Supply Limited (Registered number: 11178500)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Chartered Accountants' Report 2

Income Statement 3

Statement of Financial Position 4

Notes to the Financial Statements 6


Stores Supply Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mr Simon Noach
Mr David Elias Fine
Mr Peter Ewan Morris
Mr George Asfour





REGISTERED OFFICE: Unit A-2, 30 Nobel Road, Eley Estate
London
N18 3BA





REGISTERED NUMBER: 11178500 (England and Wales)





ACCOUNTANTS: Chandler and Partners Limited
5 Moor Street
Worcester
Worcestershire
WR1 3DB

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Stores Supply Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Stores Supply Limited for the year ended 31 March 2025 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Stores Supply Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Stores Supply Limited and state those matters that we have agreed to state to the Board of Directors of Stores Supply Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stores Supply Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Stores Supply Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Stores Supply Limited. You consider that Stores Supply Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Stores Supply Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Chandler and Partners Limited
5 Moor Street
Worcester
Worcestershire
WR1 3DB


Date: .............................................

Stores Supply Limited (Registered number: 11178500)

Income Statement
for the Year Ended 31 March 2025

Period
1.1.24
Year Ended to
31.3.25 31.3.24
£    £   

TURNOVER 21,411,164 11,837,616

Cost of sales 16,641,665 9,287,965
GROSS PROFIT 4,769,499 2,549,651

Administrative expenses 4,358,842 2,487,935
OPERATING PROFIT 410,657 61,716


Interest payable and similar expenses 15,254 13,664
PROFIT BEFORE TAXATION 395,403 48,052

Tax on profit 98,441 -
PROFIT FOR THE FINANCIAL YEAR 296,962 48,052

Stores Supply Limited (Registered number: 11178500)

Statement of Financial Position
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 62,534 23,721

CURRENT ASSETS
Stocks 1,360,881 1,221,389
Debtors 5 3,242,075 2,831,889
Cash at bank 64,187 415,245
4,667,143 4,468,523
CREDITORS
Amounts falling due within one year 6 4,123,748 4,128,477
NET CURRENT ASSETS 543,395 340,046
TOTAL ASSETS LESS CURRENT
LIABILITIES

605,929

363,767

CREDITORS
Amounts falling due after more than one
year

7

143,900

198,700
NET ASSETS 462,029 165,067

CAPITAL AND RESERVES
Called up share capital 1,111 1,111
Retained earnings 460,918 163,956
462,029 165,067

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Stores Supply Limited (Registered number: 11178500)

Statement of Financial Position - continued
31 March 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 18 June 2025 and were signed on its behalf by:




Mr David Elias Fine - Director



Mr Simon Noach - Director


Stores Supply Limited (Registered number: 11178500)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Stores Supply 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% 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 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.

Stores Supply Limited (Registered number: 11178500)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2024 - 21 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2024 7,411 6,295 21,169 34,875
Additions 5,360 28,332 13,609 47,301
At 31 March 2025 12,771 34,627 34,778 82,176
DEPRECIATION
At 1 April 2024 1,872 2,949 6,333 11,154
Charge for year 1,446 3,477 3,565 8,488
At 31 March 2025 3,318 6,426 9,898 19,642
NET BOOK VALUE
At 31 March 2025 9,453 28,201 24,880 62,534
At 31 March 2024 5,539 3,346 14,836 23,721

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 2,876,800 2,435,450
Other debtors 365,275 396,439
3,242,075 2,831,889

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 419,518 1,004,535
Trade creditors 2,743,716 2,234,728
Taxation and social security 34,474 19,459
Other creditors 926,040 869,755
4,123,748 4,128,477

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans 143,900 198,700

8. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.