REGISTERED NUMBER: 06059312 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

FOR

GREAT BARFORD STORES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Webster

L Jones

K G Knipe

SECRETARY:

S Webster

REGISTERED OFFICE:

8-10 High Street

Great Barford

Bedford

Bedfordshire

MK44 3LB

REGISTERED NUMBER:

06059312 (England and Wales)

ACCOUNTANTS:

Baker Noel

Cheribourne House

45A Station Road

Willington

Bedford

Bedfordshire

MK44 3QL

FIXED ASSETS

Intangible assets

4

88,200

100,800

Tangible assets

5

343,911

352,087

432,111

452,887

CURRENT ASSETS

Stocks

32,243

40,651

Debtors

6

570

563

Cash at bank and in hand

1,075

2,398

33,888

43,612

CREDITORS

Amounts falling due within one year

7

162,298

132,823

NET CURRENT LIABILITIES

(128,410

)

(89,211

)

TOTAL ASSETS LESS CURRENT LIABILITIES

303,701

363,676

CREDITORS

Amounts falling due after more than one year

8

(97,250

)

(137,070

)

PROVISIONS FOR LIABILITIES

(23,773

)

(23,773

)

NET ASSETS

182,678

202,833

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

10

160,116

162,024

Retained earnings

22,462

40,709

SHAREHOLDERS' FUNDS

182,678

202,833

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 January 2026 and were signed on its behalf by:

S Webster - Director

K G Knipe - Director

1.	STATUTORY INFORMATION

Great Barford Stores 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty five 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.

Land and buildings

-

1 % on revalued amount

Plant and machinery etc

-

20% on cost

On transition to FRS102 section 1A, the company has taken advantage of the transitional relief to show the revalued amounts at deemed cost.

The excess depreciation on the revalued amount is transferred from the profit and loss to the revaluation reserve over the remaining life of the asset.

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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

315,000

AMORTISATION

At 1 June 2024

214,200

Charge for year

12,600

At 31 May 2025

226,800

NET BOOK VALUE

At 31 May 2025

88,200

At 31 May 2024

100,800

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 June 2024

400,000

78,459

478,459

Additions

-

709

709

At 31 May 2025

400,000

79,168

479,168

DEPRECIATION

At 1 June 2024

56,000

70,372

126,372

Charge for year

4,000

4,885

8,885

At 31 May 2025

60,000

75,257

135,257

NET BOOK VALUE

At 31 May 2025

340,000

3,911

343,911

At 31 May 2024

344,000

8,087

352,087

Cost or valuation at 31 May 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2010

190,763

-

190,763

Cost

209,237

79,168

288,405

400,000

79,168

479,168

If land and buildings had not been revalued they would have been included at the following historical cost:

31.5.25

31.5.24

£

£

Cost

209,237

209,237

Aggregate depreciation

50,505

48,619

Land and buildings were valued on an open market basis on 4 October 2010 by Pinders .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Other debtors

570

563

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

40,500

40,500

Trade creditors

25,494

26,042

Taxation and social security

16,882

22,588

Other creditors

79,422

43,693

162,298

132,823

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans

97,250

137,070

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

40,132

43,390

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.25

31.5.24

£

£

Bank loans

137,750

177,570

The bank loan is secured on the property.

10.

RESERVES

Revaluation

reserve

£

At 1 June 2024

162,024

Transfer between reserves

(1,908

)

At 31 May 2025

160,116