The Store With More Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02962615 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

The Store With More Limited

Page

Company Information

1

Report of the Accountants

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

S Sheth

SECRETARY:

Mrs S A Sheth

REGISTERED OFFICE:

The Barn

Rear of 3-5 Church Street

Ampthill

Bedfordshire

MK45 2PJ

REGISTERED NUMBER:

02962615 (England and Wales)

ACCOUNTANTS:

Integral Associates Limited

86-90 Paul Street

London

EC2A 4NE

The following reproduces the text of the report prepared for the director 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 Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on pages four to thirteen and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Integral Associates Limited

86-90 Paul Street

London

EC2A 4NE

14 October 2025

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

33,624

41,140

Investments

6

10,000

43,624

51,140

CURRENT ASSETS

Stocks

7

84,512

84,571

Debtors

8

197,261

217,841

Cash at bank and in hand

211,710

183,164

493,483

485,576

CREDITORS

Amounts falling due within one year

9

278,008

318,322

NET CURRENT ASSETS

215,475

167,254

TOTAL ASSETS LESS CURRENT
LIABILITIES

259,099

218,394

PROVISIONS FOR LIABILITIES

3,295

NET ASSETS

255,804

215,099

CAPITAL AND RESERVES

Called up share capital

10

2

Retained earnings

11

255,802

215,097

SHAREHOLDERS' FUNDS

255,804

215,099

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 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 October 2025 and were signed by:

S Sheth - Director

1.	STATUTORY INFORMATION

The Store With More 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Revenue from the provision of goods and all services is only recognised when the amounts to be recognised are fixed and determinable and collectability is reasonably assured.

Revenue from the provision of goods is recognised when the risks and rewards of ownership of goods have been transferred to the customer. The risks and rewards of ownership of goods are deemed to have been transferred when the goods are delivered to, or are picked by the customer.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised 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

-

2% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

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 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.

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 15 (2024 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

274,500

AMORTISATION

At 1 April 2024

and 31 March 2025

274,500

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

COST

At 1 April 2024

175,000

7,432

450,526

14,015

646,973

Additions

-

1,475

-

1,475

At 31 March 2025

175,000

7,432

452,001

14,015

648,448

DEPRECIATION

At 1 April 2024

154,350

7,227

430,366

13,890

605,833

Charge for year

3,500

51

5,409

31

8,991

At 31 March 2025

157,850

7,278

435,775

13,921

614,824

NET BOOK VALUE

At 31 March 2025

17,150

154

16,226

94

33,624

At 31 March 2024

20,650

205

20,160

125

41,140

6.	FIXED ASSET INVESTMENTS

Interest

in other

participatin

interests

£

COST

At 1 April 2024

and 31 March 2025

10,000

NET BOOK VALUE

At 31 March 2025

10,000

At 31 March 2024

10,000

The company owns 33.33% of the issued share capital of Springbridge Corporation Limited. The investment is stated at cost.

7.

STOCKS

31.3.25

31.3.24

£

Finished goods

84,512

84,571

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

149,646

158,616

Amounts owed by related undertakings

177

11,202

Other debtors

6,020

VAT

41,418

42,003

197,261

217,841

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

247,997

288,485

Tax

-

4,935

Pension control account

1,644

1,219

Credit card control account

1,239

1,433

Net wages

27,095

21,677

Directors' current accounts

33

573

278,008

318,322

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

2

Ordinary shares

£1

2

11.

RESERVES

Retained

earnings

£

At 1 April 2024

215,097

Profit for the year

78,705

Dividends

(38,000

)

At 31 March 2025

255,802

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Springbridge Corporation Limited

A company in which Mr S Sheth is a shareholder.

The amount owed by Springbridge Corporation Limited at the year end was £176 (2024 - £11,2020). It is an unsecured interest free loan and repayable on demand.

13.	ULTIMATE CONTROLLING PARTY

There is no single ultimate controlling party.