REGISTERED NUMBER: 10037264 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 31 MARCH 2023 TO 29 MARCH 2024

FOR

GIANT STORE SOUTHAMPTON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N D A Kernan

S W R Osborne

REGISTERED OFFICE:

75 Bournemouth Road

Chandlers Ford

EASTLEIGH

Hampshire

SO53 3AP

REGISTERED NUMBER:

10037264 (England and Wales)

ACCOUNTANTS:

Stone Osmond Limited

75 Bournemouth Road

Chandlers Ford

Eastleigh

Hampshire

SO53 3AP

FIXED ASSETS

Tangible assets

4

86,372

2,727

CURRENT ASSETS

Stocks

170,986

190,053

Debtors

5

34,779

29,725

Cash at bank and in hand

33,455

70,185

239,220

289,963

CREDITORS

Amounts falling due within one year

6

249,383

130,747

NET CURRENT (LIABILITIES)/ASSETS

(10,163

)

159,216

TOTAL ASSETS LESS CURRENT LIABILITIES

76,209

161,943

CREDITORS

Amounts falling due after more than one year

7

19,274

29,042

NET ASSETS

56,935

132,901

CAPITAL AND RESERVES

Called up share capital

110

110

Retained earnings

56,825

132,791

SHAREHOLDERS' FUNDS

56,935

132,901

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 March 2024 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.

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 and authorised for issue by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:

N D A Kernan - Director

1.	STATUTORY INFORMATION

Giant Store Southampton 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.

Land and buildings

-

20% on cost

Plant and machinery etc

-

25% 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 period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 31 March 2023

-

3,636

3,636

Additions

105,409

-

105,409

At 29 March 2024

105,409

3,636

109,045

DEPRECIATION

At 31 March 2023

-

909

909

Charge for period

21,082

682

21,764

At 29 March 2024

21,082

1,591

22,673

NET BOOK VALUE

At 29 March 2024

84,327

2,045

86,372

At 30 March 2023

-

2,727

2,727

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

34,779

29,725

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,648

10,648

Trade creditors

135,876

65,895

Taxation and social security

2,067

10,913

Other creditors

100,792

43,291

249,383

130,747

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

19,274

29,042

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 29 March 2024 and 30 March 2023:

2024

2023

£

£

N D A Kernan

Balance outstanding at start of period

-

25,359

Amounts repaid

-

(25,359

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

-

-

The loan is interest free and repayable upon demand.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N D A Kernan.