Company No: 08226600 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	34,000		51,000
Tangible assets	4	408,081		419,086
		442,081		470,086
Current assets
Stocks		92,500		92,500
Debtors	5	34,715		55,988
Cash at bank and in hand		7,017		6,874
		134,232		155,362
Creditors: amounts falling due within one year	6	( 189,596)		( 197,953)
Net current liabilities		(55,364)		(42,591)
Total assets less current liabilities		386,717		427,495
Creditors: amounts falling due after more than one year	7	( 194,114)		( 233,832)
Provision for liabilities		( 14,849)		( 16,653)
Net assets		177,754		177,010
Capital and reserves
Called-up share capital	8	200		200
Profit and loss account		177,554		176,810
Total shareholders' funds		177,754		177,010

For the financial year ending 30 April 2025 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Saunders Stores Limited (registered number: 08226600) were approved and authorised for issue by the Board of Directors on 19 September 2025. They were signed on its behalf by:

Mrs N Saunders Director

Mr P Saunders Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Saunders Stores Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom. The principal place of business is 38 Victoria Street, Exeter, Devon, EX4 6JQ.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Land and buildings	25 years straight line
Vehicles	15 % reducing balance
Fixtures and fittings	15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	20		17

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 May 2024	320,000		320,000
At 30 April 2025	320,000		320,000
Accumulated amortisation
At 01 May 2024	269,000		269,000
Charge for the financial year	17,000		17,000
At 30 April 2025	286,000		286,000
Net book value
At 30 April 2025	34,000		34,000
At 30 April 2024	51,000		51,000

4. Tangible assets

	Land and buildings		Vehicles		Fixtures and fittings		Total
	£		£		£		£
Cost
At 01 May 2024	391,009		24,995		129,706		545,710
Additions	0		0		1,349		1,349
At 30 April 2025	391,009		24,995		131,055		547,059
Accumulated depreciation
At 01 May 2024	27,373		15,568		83,683		126,624
Charge for the financial year	3,910		1,414		7,030		12,354
At 30 April 2025	31,283		16,982		90,713		138,978
Net book value
At 30 April 2025	359,726		8,013		40,342		408,081
At 30 April 2024	363,636		9,427		46,023		419,086

5. Debtors

	2025		2024
	£		£
Trade debtors	6,000		7,000
Other debtors	28,715		48,988
	34,715		55,988

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	73,931		69,575
Trade creditors	61,213		59,319
Taxation and social security	43,430		56,858
Other creditors	11,022		12,201
	189,596		197,953

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	184,968		222,643
Other creditors	9,146		11,189
	194,114		233,832

Security is given for loans and borrowings by a charge held over the fixed assets of the company as well as a personal guarantee from the directors.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100
100 Ordinary A shares of £ 1.00 each	100		100
	200		200

9. Financial commitments

Other financial commitments

	2025		2024
	£		£
Commitments in relation to vehicle lease	6,088		9,932

10. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Advances to the directors. Interest is charged at HMRC's official rate	24,465		45,287