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Company Registration No. 15727659 (England and Wales)
Bargain World (scunthorpe) Limited Unaudited accounts for the period from 18 May 2024 to 31 May 2025
Bargain World (scunthorpe) Limited Statement of financial position as at 31 May 2025
2025
Notes
£
Fixed assets
Tangible assets
4
17,640
Current assets
Inventories
25,850
Cash at bank and in hand
14,684
40,534
Creditors: amounts falling due within one year
(50,120)
Net current liabilities
(9,586)
Net assets
8,054
Capital and reserves
Called up share capital
5
100
Profit and loss account
7,954
Shareholders' funds
8,054
For the period ending 31 May 2025 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
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 of Directors and authorised for issue on 5 December 2025 and were signed on its behalf by
Muhibullah Hussaini Director Company Registration No. 15727659
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Bargain World (scunthorpe) Limited Notes to the Accounts for the period from 18 May 2024 to 31 May 2025
1
Statutory information
Bargain World (scunthorpe) Limited is a private company, limited by shares, registered in England and Wales, registration number 15727659. The registered office is Unit 1a, 98-102 High Street, Scunthorpe, South Humberside, DN15 6HB, England.
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 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
20% on reducing balance
Fixtures & fittings
20% on reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Bargain World (scunthorpe) Limited Notes to the Accounts for the period from 18 May 2024 to 31 May 2025
4
Tangible fixed assets
Total
£
Cost or valuation
At 18 May 2024
-
Additions
22,050
At 31 May 2025
22,050
Depreciation
Charge for the period
4,410
At 31 May 2025
4,410
Net book value
At 31 May 2025
17,640
5
Share capital
2025
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
6
Average number of employees
During the period the average number of employees was 2.
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