2 false false false false false false false false false false true false false false false false false No description of principal activity 2024-06-01 Sage Accounts Production Advanced 2023 - FRS102_2023 50,000 5,072 5,072 10,144 39,856 44,928 xbrli:pure xbrli:shares iso4217:GBP 14868550 2024-06-01 2025-05-31 14868550 2025-05-31 14868550 2024-05-31 14868550 2023-05-15 2024-05-31 14868550 2024-05-31 14868550 2023-05-14 14868550 core:NetGoodwill 2024-06-01 2025-05-31 14868550 bus:Director1 2024-06-01 2025-05-31 14868550 bus:Director2 2024-06-01 2025-05-31 14868550 core:NetGoodwill 2024-05-31 14868550 core:NetGoodwill 2025-05-31 14868550 core:AfterOneYear 2025-05-31 14868550 core:AfterOneYear 2024-05-31 14868550 core:WithinOneYear 2025-05-31 14868550 core:WithinOneYear 2024-05-31 14868550 core:ShareCapital 2025-05-31 14868550 core:ShareCapital 2024-05-31 14868550 core:RetainedEarningsAccumulatedLosses 2025-05-31 14868550 core:RetainedEarningsAccumulatedLosses 2024-05-31 14868550 core:NetGoodwill 2024-05-31 14868550 bus:Director1 2024-05-31 14868550 bus:Director1 2023-05-14 14868550 bus:Director2 2024-05-31 14868550 bus:Director2 2023-05-14 14868550 bus:SmallEntities 2024-06-01 2025-05-31 14868550 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 14868550 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 14868550 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 14868550 bus:FullAccounts 2024-06-01 2025-05-31
COMPANY REGISTRATION NUMBER: 14868550

Hale Convenience Store Limited

Filleted Unaudited Financial Statements

31 May 2025

Hale Convenience Store Limited

Statement of Financial Position

31 May 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Intangible assets | 5 | 39,856 | 44,928

Current assets

Stocks | 4,575 | 4,550
Debtors | 6 | 795 | 3
Cash at bank and in hand | 13,768 | 21,575
| -------- | --------
| 19,138 | 26,128

Creditors: amounts falling due within one year | 7 | 13,876 | 7,542
| -------- | --------
Net current assets | 5,262 | 18,586
| -------- | --------
Total assets less current liabilities | 45,118 | 63,514

Creditors: amounts falling due after more than one year | 8 | 13,060 | 49,328
| -------- | --------
Net assets | 32,058 | 14,186
| -------- | --------

Capital and reserves

Called up share capital | 100 | 100
Profit and loss account | 31,958 | 14,086
| -------- | --------
Shareholders funds | 32,058 | 14,186
| -------- | --------

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 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have 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 .

Hale Convenience Store Limited

Statement of Financial Position (continued)

31 May 2025
These financial statements were approved by the board of directors and authorised for issue on 13 February 2026 , and are signed on behalf of the board by:

Mr J Singh
Director

Company registration number: 14868550

Hale Convenience Store Limited

Notes to the Financial Statements

Year ended 31 May 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 136 Moss Lane, Hale, Altrincham, Manchester, WA15 8AN, United Kingdom.
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. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
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.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Goodwill | - | 10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
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.
Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other debtors and creditors, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade creditors or debtors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or or received. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the Balance Sheet date. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Intangible assets

| Goodwill
| £
Cost |
At 1 June 2024 and 31 May 2025 | 50,000
| --------
Amortisation |
At 1 June 2024 | 5,072
Charge for the year | 5,072
| --------
At 31 May 2025 | 10,144
| --------
Carrying amount |
At 31 May 2025 | 39,856
| --------
At 31 May 2024 | 44,928
| --------

6. Debtors

| 2025 | 2024
| £ | £
Other debtors | 795 | 3
| ---- | ----

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 7,020 | –
Corporation tax | 4,192 | 3,305
Social security and other taxes | 2,664 | 4,237
| -------- | -------
| 13,876 | 7,542
| -------- | -------

8. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 12,000 | 32,020
Other creditors | 1,060 | 17,308
| -------- | --------
| 13,060 | 49,328
| -------- | --------

9. Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other debtors and creditors, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade creditors or debtors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or or received. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the Balance Sheet date. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
10. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:

| Balance brought forward and outstanding
| 2025 | 2024
| £ | £
Mr J Singh | ( 530) | ( 8,654)
Mrs C Kaur | ( 530) | ( 8,654)
| ------- | --------
| ( 1,060) | ( 17,308)
| ------- | --------