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Company No: 10203923 (England and Wales)

# ORFORD GENERAL STORES LTD

### Unaudited Financial Statements
For the financial year ended 31 May 2025
Pages for filing with the registrar

ORFORD GENERAL STORES LTD

## Unaudited Financial Statements

For the financial year ended 31 May 2025

Contents

ORFORD GENERAL STORES LTD

## COMPANY INFORMATION

For the financial year ended 31 May 2025
ORFORD GENERAL STORES LTD

## COMPANY INFORMATION (continued)

For the financial year ended 31 May 2025

DIRECTORS | Trevor Frank Martin (Appointed 28 May 2025)
| Susan Snowdon

REGISTERED OFFICE | Orford General Store Front Street
| Orford
| Woodbridge
| IP12 2LN
| United Kingdom

COMPANY NUMBER | 10203923 (England and Wales)

CHARTERED ACCOUNTANTS | Gascoynes
| Gascoyne House
| Moseleys Farm Business Centre
| Fornham All Saints
| Bury St Edmunds
| Suffolk
| IP28 6JY

ORFORD GENERAL STORES LTD

## BALANCE SHEET

As at 31 May 2025
ORFORD GENERAL STORES LTD

## BALANCE SHEET (continued)

As at 31 May 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 875 |  | 1,625
Tangible assets | 4 | 337,276 |  | 345,392
|  | 338,151 |  | 347,017
Current assets |  |  |  |
Stocks |  | 30,350 |  | 30,350
Debtors | 5 | ( 927) |  | 2,604
Cash at bank and in hand |  | 61,529 |  | 37,679
|  | 90,952 |  | 70,633
Creditors: amounts falling due within one year | 6 | ( 147,166) |  | ( 127,688)
Net current liabilities |  | (56,214) |  | (57,055)
Total assets less current liabilities |  | 281,937 |  | 289,962
Creditors: amounts falling due after more than one year | 7 | ( 114,684) |  | ( 135,634)
Net assets |  | 167,253 |  | 154,328
Capital and reserves |  |  |  |
Called-up share capital | 8 | 1 |  | 1
Profit and loss account |  | 167,252 |  | 154,327
Total shareholder's funds |  | 167,253 |  | 154,328

For the financial 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 member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Orford General Stores Ltd (registered number: 10203923) were approved and authorised for issue by the Board of Directors on 19 February 2026. They were signed on its behalf by:

Susan Snowdon Director |

ORFORD GENERAL STORES LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2025
ORFORD GENERAL STORES LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Orford General Stores Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Orford General Store Front Street, Orford, Woodbridge, IP12 2LN, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 10 years straight line

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | 100 years straight line
Vehicles | 25 % reducing balance
Fixtures and fittings | 15 % reducing balance
Computer equipment | 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 9 |  | 10

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 June 2024 | 7,500 |  | 7,500
At 31 May 2025 | 7,500 |  | 7,500
Accumulated amortisation |  |  |
At 01 June 2024 | 5,875 |  | 5,875
Charge for the financial year | 750 |  | 750
At 31 May 2025 | 6,625 |  | 6,625
Net book value |  |  |
At 31 May 2025 | 875 |  | 875
At 31 May 2024 | 1,625 |  | 1,625

#### 4. Tangible assets

| Land and buildings |  | Vehicles |  | Fixtures and fittings |  | Computer equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 June 2024 | 319,342 |  | 26,950 |  | 49,127 |  | 498 |  | 395,917
Additions | 0 |  | 0 |  | 1,310 |  | 0 |  | 1,310
At 31 May 2025 | 319,342 |  | 26,950 |  | 50,437 |  | 498 |  | 397,227
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 June 2024 | 11,975 |  | 13,685 |  | 24,815 |  | 50 |  | 50,525
Charge for the financial year | 2,395 |  | 3,317 |  | 3,647 |  | 67 |  | 9,426
At 31 May 2025 | 14,370 |  | 17,002 |  | 28,462 |  | 117 |  | 59,951
Net book value |  |  |  |  |  |  |  |  |
At 31 May 2025 | 304,972 |  | 9,948 |  | 21,975 |  | 381 |  | 337,276
At 31 May 2024 | 307,367 |  | 13,265 |  | 24,312 |  | 448 |  | 345,392

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Other debtors | ( 927) |  | 2,604

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 13,359 |  | 12,000
Trade creditors | 51,437 |  | 11,450
Taxation and social security | 8,007 |  | 10,779
Obligations under finance leases and hire purchase contracts | 6,006 |  | 5,603
Other creditors | 68,357 |  | 87,856
| 147,166 |  | 127,688

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans (secured) | 110,995 |  | 125,939
Obligations under finance leases and hire purchase contracts (secured) | 3,689 |  | 9,695
| 114,684 |  | 135,634

Barclays Bank plc hold security over the total assets in respect of the loan. The mortgage is secured on the property to which it relates, namely Orford General Stores, Front Street, Orford, Woodbridge, Suffolk IP12 2LN.
The hire purchase is secured on the vehicle to which it relates.

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
1 Ordinary share of £ 1.00 | 1 |  | 1