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Company Registration No. 12337658 (England and Wales)
H&M DISCOUNT STORE LTD Unaudited accounts for the year ended 30 November 2024
H&M DISCOUNT STORE LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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H&M DISCOUNT STORE LTD Company Information for the year ended 30 November 2024
Director
Hasmat Ali Munshi
Company Number
12337658 (England and Wales)
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H&M DISCOUNT STORE LTD Statement of financial position as at 30 November 2024
2024
2023
Notes
£
£
Fixed assets
Intangible assets
4
39,375
42,000
Tangible assets
5
33,023
41,162
72,398
83,162
Current assets
Inventories
41,550
39,440
Debtors
6
3,110
2,975
Cash at bank and in hand
39,386
871
84,046
43,286
Creditors: amounts falling due within one year
7
(16,258)
(23,364)
Net current assets
67,788
19,922
Total assets less current liabilities
140,186
103,084
Creditors: amounts falling due after more than one year
8
(69,046)
(26,320)
Net assets
71,140
76,764
Capital and reserves
Called up share capital
100
100
Capital contribution reserve
17,239
17,239
Profit and loss account
53,801
59,425
Shareholders' funds
71,140
76,764
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 September 2025 and were signed on its behalf by
Hasmat Ali Munshi Director Company Registration No. 12337658
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H&M DISCOUNT STORE LTD Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
H&M DISCOUNT STORE LTD is a private company, limited by shares, registered in England and Wales, registration number 12337658.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 December 2023
52,500
At 30 November 2024
52,500
Amortisation
At 1 December 2023
10,500
Charge for the year
2,625
At 30 November 2024
13,125
Net book value
At 30 November 2024
39,375
At 30 November 2023
42,000
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H&M DISCOUNT STORE LTD Notes to the Accounts for the year ended 30 November 2024
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 December 2023
4,000
88,351
92,351
At 30 November 2024
4,000
88,351
92,351
Depreciation
At 1 December 2023
2,150
49,039
51,189
Charge for the year
277
7,862
8,139
At 30 November 2024
2,427
56,901
59,328
Net book value
At 30 November 2024
1,573
31,450
33,023
At 30 November 2023
1,850
39,312
41,162
6
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
3,110
2,975
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
-
1,889
VAT
4,008
2,228
Trade creditors
7,757
4,437
Taxes and social security
3,312
14,629
Loans from directors
461
(539)
Accruals
720
720
16,258
23,364
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
69,046
26,320
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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