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Registered number: 12388235
BEST IN CONVENIENCE LIMITED
Financial Statements
For The Year Ended 31 January 2025
JBP Accountingsolutions.co.uk
01 Iris Mews
Westmead Road
Sutton
Surrey
SM1 4GG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12388235
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,277 7,846
6,277 7,846
CURRENT ASSETS
Stocks 5 34,500 42,500
Debtors 6 - 343
Cash at bank and in hand 1,239 2,353
35,739 45,196
Creditors: Amounts Falling Due Within One Year 7 (8,184 ) (10,024 )
NET CURRENT ASSETS (LIABILITIES) 27,555 35,172
TOTAL ASSETS LESS CURRENT LIABILITIES 33,832 43,018
Creditors: Amounts Falling Due After More Than One Year 8 (25,717 ) (35,738 )
NET ASSETS 8,115 7,280
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 8,114 7,279
SHAREHOLDERS' FUNDS 8,115 7,280
Page 1
Page 2
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.
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 Narajanan Sellamani Suthahini Puvaneswaran
Director
27 October 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
BEST IN CONVENIENCE LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 12388235 . The registered office is 26 Shaw Stree, Oldham, OL1 3RR.
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. 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:
Fixtures & Fittings Reducing balance basis -20%
2.4. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 2)
3 2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 February 2024 12,260
As at 31 January 2025 12,260
Depreciation
As at 1 February 2024 4,414
Provided during the period 1,569
As at 31 January 2025 5,983
Net Book Value
As at 31 January 2025 6,277
As at 1 February 2024 7,846
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Page 4
5. Stocks
2025 2024
£ £
Stock 34,500 42,500
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 170
Other taxes and social security - 173
- 343
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 2,961 1,620
VAT 1,172 113
Accruals and deferred income 540 540
Director's loan account 3,511 7,751
8,184 10,024
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 25,717 35,738
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
Page 4