REGISTERED NUMBER: 04538891

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

GRANGE MINI MART LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N S Basra

REGISTERED OFFICE:

17 Grafton Mews

Harlescott Grange

Shrewsbury

Shropshire

SY1 3PU

REGISTERED NUMBER:

04538891

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

45,944

45,986

45,944

45,986

CURRENT ASSETS

Stocks

6

26,891

31,467

Debtors

7

5,373

5,440

Cash at bank and in hand

672

4,522

32,936

41,429

CREDITORS

Amounts falling due within one year

8

94,798

75,774

NET CURRENT LIABILITIES

(61,862

)

(34,345

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(15,918

)

11,641

CREDITORS

Amounts falling due after more than one year

9

42,537

39,115

NET LIABILITIES

(58,455

)

(27,474

)

CAPITAL AND RESERVES

Called up share capital

11

1,000

1,000

Retained earnings

12

(59,455

)

(28,474

)

SHAREHOLDERS' FUNDS

(58,455

)

(27,474

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 18 September 2025 and were signed by:

N S Basra - Director

1.	STATUTORY INFORMATION

Grange Mini Mart Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Goodwill,being the amount paid in connection with the acquisition of Basra General Store in 2004,is being written off 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.

Tangible fixed assets

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

Short leasehold

-

not provided

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2023

and 30 September 2024

160,999

AMORTISATION

At 1 October 2023

and 30 September 2024

160,999

NET BOOK VALUE

At 30 September 2024

-

At 30 September 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 October 2023

1,193

122,590

2,500

6,565

132,848

Additions

-

4,970

-

-

4,970

Disposals

-

-

(2,500

)

-

(2,500

)

At 30 September 2024

1,193

127,560

-

6,565

135,318

DEPRECIATION

At 1 October 2023

-

78,096

2,492

6,274

86,862

Charge for year

-

4,946

-

58

5,004

Eliminated on disposal

-

-

(2,492

)

-

(2,492

)

At 30 September 2024

-

83,042

-

6,332

89,374

NET BOOK VALUE

At 30 September 2024

1,193

44,518

-

233

45,944

At 30 September 2023

1,193

44,494

8

291

45,986

6.

STOCKS

30/9/24

30/9/23

£

£

Stocks

26,891

31,467

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/24

30/9/23

£

£

Prepayments

5,373

5,440

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/24

30/9/23

£

£

Bank loans and overdrafts (see note 10)

42,979

12,423

Trade creditors

3,262

6,177

Social security and other taxes

3,502

1,773

NEST pensions

133

216

VAT

1,468

1,455

Directors' current accounts

37,334

51,630

Accrued expenses

6,120

2,100

94,798

75,774

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/9/24

30/9/23

£

£

Bank loans (see note 10)

42,537

39,115

10.

LOANS

An analysis of the maturity of loans is given below:

30/9/24

30/9/23

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

42,979

12,423

Amounts falling due between one and two years:

Bank loans - 1-2 years

42,537

39,115

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/9/24

30/9/23

value:

£

£

1,000

Ordinary

£1

1,000

1,000

12.

RESERVES

Retained

earnings

£

At 1 October 2023

(28,474

)

Deficit for the year

(30,981

)

At 30 September 2024

(59,455

)