Romart Superstores Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03426847

ROMART SUPERSTORES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 January 2025

ROMART SUPERSTORES LIMITED

STATEMENT OF FINANCIAL POSITION

31 January 2025

	2025		2024
Note	£	£	£

FIXED ASSETS

Intangible assets	5	3,990	5,985
Tangible assets	6	15,968	20,379
		--------	--------
		19,958	26,364

CURRENT ASSETS

Stocks		81,560	86,500
Debtors	7	4,536	13,781
Cash at bank and in hand		266,622	217,275
		---------	---------
		352,718	317,556

CREDITORS: amounts falling due within one year	8	( 80,893)		( 62,075)
		---------		---------
NET CURRENT ASSETS			271,825	255,481
			---------	---------
TOTAL ASSETS LESS CURRENT LIABILITIES			291,783	281,845

CREDITORS: amounts falling due after more than one year	9		( 4,764)	( 14,892)

PROVISIONS

Taxation including deferred tax	( 3,034)	( 3,872)
	---------	---------
NET ASSETS	283,985	263,081
	---------	---------

CAPITAL AND RESERVES

Called up share capital	4	4
Profit and loss account	283,981	263,077
	---------	---------
SHAREHOLDER FUNDS	283,985	263,081
	---------	---------

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

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

ROMART SUPERSTORES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 January 2025

These financial statements were approved by the board of directors and authorised for issue on 28 October 2025 , and are signed on behalf of the board by:

K. L. Smith
Director

Company registration number: 03426847

ROMART SUPERSTORES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JANUARY 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Units C, D & E, York Road Shopping Centre, Torre Lane, Leeds, LS9 6TN.

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. 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

Turnover comprises revenue recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax.

Income tax

Deferred taxation is provided using the liability method on all timing differences, that have originated but not reversed at the balance sheet date.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

	Goodwill	-	5% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.

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:

Fixtures & Fittings	-	15% reducing balance
Motor Vehicles	-	25% reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 24 (2024: 12 ).

5. INTANGIBLE ASSETS

	Goodwill
	£
Cost
At 1 February 2024 and 31 January 2025	39,900
	--------
Amortisation
At 1 February 2024	33,915
Charge for the year	1,995
	--------
At 31 January 2025	35,910
	--------
Carrying amount
At 31 January 2025	3,990
	--------
At 31 January 2024	5,985
	--------

6. TANGIBLE ASSETS

	Fixtures and fittings	Motor vehicles	Total
	£	£	£
Cost
At 1 February 2024 and 31 January 2025	56,322	22,970	79,292
	--------	--------	--------
Depreciation
At 1 February 2024	50,913	8,000	58,913
Charge for the year	668	3,743	4,411
	--------	--------	--------
At 31 January 2025	51,581	11,743	63,324
	--------	--------	--------
Carrying amount
At 31 January 2025	4,741	11,227	15,968
	--------	--------	--------
At 31 January 2024	5,409	14,970	20,379
	--------	--------	--------

7. DEBTORS

	2025	2024
	£	£
Other debtors	4,536	13,781
	-------	--------

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,000	10,000
Trade creditors	18,340	1,486
Corporation tax	20,715	15,251
Social security and other taxes	25,721	31,453
Other creditors	1,980	–
Other creditors	4,137	3,885
	--------	--------
	80,893	62,075
	--------	--------

9. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	4,764	14,892
	-------	--------