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COMPANY REGISTRATION NUMBER: 03978287

Appleton Community Shop Limited

Company Limited by Guarantee

Filleted Unaudited Financial Statements

30 April 2025

Appleton Community Shop Limited

Company Limited by Guarantee

Statement of Financial Position

30 April 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 7 |  | 126,957 | 129,845

Current assets

Stocks | 12,867 |  | 12,534
Debtors | 8 | 2,887 |  | 3,426
Cash at bank and in hand | 9,364 |  | 8,438
| -------- |  | --------
| 25,118 |  | 24,398

Creditors: amounts falling due within one year | 9 | 76,584 |  | 88,217
| -------- |  | --------
Net current liabilities |  | 51,466 | 63,819
|  | --------- | ---------
Total assets less current liabilities |  | 75,491 | 66,026

Provisions

Taxation including deferred tax |  | 642 | 659
|  | -------- | --------
Net assets |  | 74,849 | 65,367
|  | -------- | --------

Capital and reserves

Profit and loss account |  | 74,849 | 65,367
|  | -------- | --------
Members funds |  | 74,849 | 65,367
|  | -------- | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the 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 year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Appleton Community Shop Limited

Company Limited by Guarantee

Statement of Financial Position (continued)

30 April 2025
These financial statements were approved by the board of directors and authorised for issue on 16 October 2025 , and are signed on behalf of the board by:

Ms J Cranston
Director

Company registration number: 03978287

Appleton Community Shop Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 30 April 2025
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 39 Eaton Road, Appleton, Abingdon, Oxfordshire, OX13 5JH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
The turnover shown in the profit and loss account represents shop takings during the year, exclusive of VAT. Newspaper vouchers are recognised at the point of receipt.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Freehold property | - | 2% straight line
| Leasehold property | - | 7% straight line
| Plant & machinery | - | 25% straight line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Company limited by guarantee
The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £10 towards the assets of the company in the event of liquidation.
5. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).
6. Taxation on ordinary activities
Analysis of charge in the year:

|  | 2025 | 2024
|  | £ | £
| Current tax in respect of the year | 2,898 | 1,423
| Deffered tax as a result of origination and reversal of timing differences | (17) | 492
|  | ------- | -------
| Tax on profit/(loss) on ordinary activities | 2,881 | 1,915
|  | ------- | -------

7. Tangible assets

| Land and buildings | Plant and machinery | Total
| £ | £ | £
Cost |  |  |
At 1 May 2024 | 181,013 | 66,088 | 247,101
Additions | – | 1,095 | 1,095
| --------- | -------- | ---------
At 30 April 2025 | 181,013 | 67,183 | 248,196
| --------- | -------- | ---------
Depreciation |  |  |
At 1 May 2024 | 54,634 | 62,622 | 117,256
Charge for the year | 2,801 | 1,182 | 3,983
| --------- | -------- | ---------
At 30 April 2025 | 57,435 | 63,804 | 121,239
| --------- | -------- | ---------
Carrying amount |  |  |
At 30 April 2025 | 123,578 | 3,379 | 126,957
| --------- | -------- | ---------
At 30 April 2024 | 126,379 | 3,466 | 129,845
| --------- | -------- | ---------

The Freehold Property became available for purchase during 2022 and, with the support of ten year loans to the value of £83,000 (interest free for five years) made by villagers, was purchased by the Directors for £102,500 on 19th January 2023.
8. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 937 | 1,077
Other debtors | 1,950 | 2,349
| ------- | -------
| 2,887 | 3,426
| ------- | -------

9. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Loans | 66,400 | 78,850
Trade creditors | 4,653 | 5,902
Corporation tax | 2,898 | 1,423
Social security and other taxes | 886 | 53
Other creditors | 1,747 | 1,989
| -------- | --------
| 76,584 | 88,217
| -------- | --------