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COMPANY REGISTRATION NUMBER: 2005013

S & S Home Supplies Limited

Filleted Unaudited Financial Statements

30 April 2025

S & S Home Supplies Limited

Statement of Financial Position

30 April 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 7,633,499 | 7,844,791
Investments | 6 |  | 50 | 50
|  | ------------ | ------------
|  | 7,633,549 | 7,844,841

Current assets

Stocks | 2,574,812 |  | 2,403,681
Debtors | 7 | 952,202 |  | 1,054,906
Cash at bank and in hand | 347,767 |  | 260,803
| ------------ |  | ------------
| 3,874,781 |  | 3,719,390

Creditors: amounts falling due within one year | 8 | 1,599,348 |  | 1,475,165
| ------------ |  | ------------
Net current assets |  | 2,275,433 | 2,244,225
|  | ------------ | -------------
Total assets less current liabilities |  | 9,908,982 | 10,089,066

Creditors: amounts falling due after more than one year | 9 |  | 3,228,522 | 3,316,141

Provisions

Taxation including deferred tax |  | 955,776 | 980,444
|  | ------------ | -------------
Net assets |  | 5,724,684 | 5,792,481
|  | ------------ | -------------

Capital and reserves

Called up share capital |  | 3 | 3
Revaluation reserve | 10 |  | 1,693,550 | 1,770,660
Profit and loss account | 10 |  | 4,031,131 | 4,021,818
|  | ------------ | ------------
Shareholder funds |  | 5,724,684 | 5,792,481
|  | ------------ | ------------

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 comprehensive income has not been delivered.
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

S & S Home Supplies Limited

Statement of Financial Position (continued)

30 April 2025
These financial statements were approved by the board of directors and authorised for issue on 3 February 2026 , and are signed on behalf of the board by:

Mr R Shah
Director

Company registration number: 2005013

S & S Home Supplies Limited

Notes to the Financial Statements

Year ended 30 April 2025
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 16-18 Hale Lane, Mill Hill, London, NW7 3NX. The company's registered number is 2005013 .
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:

| Freehold buildings | - | 2% straight line
| Plant and machinery | - | 5% reducing balance
| Fixtures, fittings & equipment | - | 20% reducing balance
| Motor vehicles | - | 25% reducing balance

Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity .
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 43 (2024: 42 ).
5. Tangible assets

| Freehold property | Plant and machinery | Fixtures, fittings and equipment | Motor vehicles | Total
| £ | £ | £ | £ | £
Cost or valuation |  |  |  |  |
At 1 May 2024 | 6,860,686 | 745,149 | 1,682,519 | 159,838 | 9,448,192
Additions | – | 4,240 | 53,746 | 94,425 | 152,411
Disposals | – | – | ( 19,231) | ( 30,748) | ( 49,979)
Revaluations | ( 30,089) | – | – | – | ( 30,089)
| ------------ | --------- | ------------ | --------- | ------------
At 30 April 2025 | 6,830,597 | 749,389 | 1,717,034 | 223,515 | 9,520,535
| ------------ | --------- | ------------ | --------- | ------------
Depreciation |  |  |  |  |
At 1 May 2024 | 963,714 | 77,946 | 524,363 | 37,378 | 1,603,401
Charge for the year | 134,742 | 33,537 | 105,853 | 44,124 | 318,256
Disposals | – | – | ( 14,614) | ( 20,007) | ( 34,621)
| ------------ | --------- | ------------ | --------- | ------------
At 30 April 2025 | 1,098,456 | 111,483 | 615,602 | 61,495 | 1,887,036
| ------------ | --------- | ------------ | --------- | ------------
Carrying amount |  |  |  |  |
At 30 April 2025 | 5,732,141 | 637,906 | 1,101,432 | 162,020 | 7,633,499
| ------------ | --------- | ------------ | --------- | ------------
At 30 April 2024 | 5,896,972 | 667,203 | 1,158,156 | 122,460 | 7,844,791
| ------------ | --------- | ------------ | --------- | ------------

Included within the above is investment property as follows:

| £
At 1 May 2024 | 470,000
Fair value adjustments | ( 30,089)
| ------------
At 30 April 2025 | 439,911
| ------------

The fair values of the company's investment properties have been determined by the directors at the year end using local knowledge of similar properties in the area. Valuations did not involve an independent valuer holding a recognised and relevant qualification.
Tangible assets held at valuation
In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

| Freehold property
| £
At 30 April 2025 |
Aggregate cost | 1,299,441
Aggregate depreciation | (477,169)
| ------------
Carrying value | 822,272
| ------------

At 30 April 2024 |
Aggregate cost | 1,306,167
Aggregate depreciation | (458,846)
| ------------
Carrying value | 847,321
| ------------

Finance leases and hire purchase contracts
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

| Fixtures, fittings and equipment | Motor vehicles | Total
| £ | £ | £
At 30 April 2025 | 10,059 | 162,020 | 172,079
| -------- | --------- | ---------
At 30 April 2024 | 12,573 | 122,459 | 135,032
| -------- | --------- | ---------

6. Investments

| Shares in participating interests
| £
Cost |
At 1 May 2024 and 30 April 2025 | 50
| ----
Impairment |
At 1 May 2024 and 30 April 2025 | –
| ----

Carrying amount |
At 30 April 2025 | 50
| ----
At 30 April 2024 | 50
| ----

7. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 770,660 | 833,946
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 10,892 | 30,772
Other debtors | 170,650 | 190,188
| --------- | ------------
| 952,202 | 1,054,906
| --------- | ------------

8. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 119,585 | 97,754
Trade creditors | 780,590 | 854,310
Corporation tax | 89,000 | 15,600
Social security and other taxes | 275,601 | 250,324
Other creditors | 334,572 | 257,177
| ------------ | ------------
| 1,599,348 | 1,475,165
| ------------ | ------------

The bank loan is secured by a fixed and floating charge over the company's assets.
9. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 3,127,389 | 3,244,849
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 2,077 | –
Other creditors | 99,056 | 71,292
| ------------ | ------------
| 3,228,522 | 3,316,141
| ------------ | ------------

Included within creditors: amounts falling due after more than one year is an amount of £2.6 million (2024: £2.7m) in respect of a bank loan payable or repayable by instalments which fall due for payment after more than five years from the reporting date. The rate of interest being charged on the bank loan is 1.84% over the Bank of England base rate.
The bank loan is secured by a fixed and floating charge over the company's assets.
10. Reserves
Revaluation reserve - This reserve records the value of asset revaluations and is not distributable until the asset is sold. Profit and loss account - This reserve records retained earnings and accumulated losses, and includes £259,846 (2024: £277,618) of non-distributable reserves in relation to investment property.
11. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 | 2024
| £ | £
Not later than 1 year | 64,025 | 81,847
Later than 1 year and not later than 5 years | 26,936 | 83,844
| -------- | ---------
| 90,961 | 165,691
| -------- | ---------

12. Events after the end of the reporting period
During the year the directors approved a plan to close and sell one of the company's retail units. The closure was completed shortly after the accounting period end and an estimate of the financial effect cannot be known at this stage .
13. Related party transactions
The company has taken advantage of the exemption conferred by FRS 102 from disclosing details of transactions with other wholly owned group companies.