Tony's Convenience Store Limited

	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—7

Registered number: 12792438

		31 March 2025		31 August 2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		17,597		24,081
Tangible Assets	5		156,097		161,525

			173,694		185,606
CURRENT ASSETS
Stocks	6	33,900		36,541
Debtors	7	23,115		295
Cash at bank and in hand		15,692		22,618

		72,707		59,454
Creditors: Amounts Falling Due Within One Year	8	(9,125 )		(2,530 )

NET CURRENT ASSETS (LIABILITIES)			63,582		56,924

TOTAL ASSETS LESS CURRENT LIABILITIES			237,276		242,530

Creditors: Amounts Falling Due After More Than One Year	9		(232,035 )		(254,794 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(5,188 )		(4,125 )

NET ASSETS/(LIABILITIES)			53		(16,389 )

CAPITAL AND RESERVES
Called up share capital	10		11		10
Profit and Loss Account			42		(16,399 )

SHAREHOLDERS' FUNDS			53		(16,389)

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Tony's Convenience Store Limited

Balance Sheet (continued)

As At 31 March 2025

For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Tony Charlton

Director

30/09/2025

The notes on pages 4 to 7 form part of these financial statements.

	Share Capital	Profit and Loss Account	Total
	£	£	£
As at 1 September 2023	10	(56,791 )	(56,781)
Profit for the year and total comprehensive income	-	40,392	40,392

As at 31 August 2024 and 1 September 2024	10	(16,399 )	(16,389)


Profit for the period and total comprehensive income	-	29,441	29,441

Dividends paid	-	(13,000)	(13,000)
Arising on shares issued during the period	1	-	1

As at 31 March 2025	11	42	53

1. General Information

Tony's Convenience Store Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12792438 . The registered office is 497 Stanhop Road, South Shields, Tyne And Wear, NE33 4QX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	0%
Fixtures & Fittings	20% Reducing Balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Tony's Convenience Store Limited

Notes to the Financial Statements (continued)

For the Period 1 September 2024 to 31 March 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.7. Functional and Presentation Currency

The financial statements are presented in GBP (£), which is the functional and presentation currency of the Company.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 2)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 September 2024	55,570

As at 31 March 2025	55,570

Amortisation
As at 1 September 2024	31,489
Provided during the period	6,484

As at 31 March 2025	37,973

Net Book Value
As at 31 March 2025	17,597

As at 1 September 2024	24,081

5. Tangible Assets

	Land & Property
	Freehold	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 September 2024	115,000	77,806	192,806

As at 31 March 2025	115,000	77,806	192,806

Depreciation
As at 1 September 2024	-	31,281	31,281
Provided during the period	-	5,428	5,428

As at 31 March 2025	-	36,709	36,709

Net Book Value
As at 31 March 2025	115,000	41,097	156,097

As at 1 September 2024	115,000	46,525	161,525

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Tony's Convenience Store Limited

Notes to the Financial Statements (continued)

For the Period 1 September 2024 to 31 March 2025

Fair Value of Tangible Assets

The fair value of the property at 31 March 2025 has been arrived at on the basis of a valuation carried out by the director who is not a professionally qualified valuer. The valuation, was arrived at by reference to market evidence of transaction prices for similar properties in its location.

	Land & Property
	Freehold	Fixtures & Fittings	Total
	£	£	£
At valuation	115,000	77,806	192,806

	115,000	77,806	192,806

6. Stocks

	31 March 2025	31 August 2024
	£	£
Stock	33,900	36,541

7. Debtors

	31 March 2025	31 August 2024
	£	£
Due within one year
Trade debtors	-	41
Prepayments and accrued income	264	254
Director's loan account	22,851	-

	23,115	295

Debtors includes a balance from the director of £22,851. This balance will be repaid within 9 months of the year end.

8. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 August 2024
	£	£
Trade creditors	193	196
Corporation tax	6,269	-
VAT	2,197	2,065
Accruals and deferred income	466	150
Director's loan account	-	119

	9,125	2,530

9. Creditors: Amounts Falling Due After More Than One Year

	31 March 2025	31 August 2024
	£	£
Amounts owed to related parties	232,035	254,794

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Tony's Convenience Store Limited

Notes to the Financial Statements (continued)

For the Period 1 September 2024 to 31 March 2025

10. Share Capital

	31 March 2025	31 August 2024
	£	£
Allotted, Called up and fully paid	11	10

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 September 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Tony Charlton	(119 )	36,358	(13,388 )	-	22,851

The above loan is unsecured, with interest charged at 2.25% and repayable on demand.

Dividends paid to directors

	31 March 2025	31 August 2024
	£	£
Mr Tony Charlton	5,000	-

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