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Registered number: 09151404
TJR RETAIL LIMITED
Unaudited Financial Statements
For The Year Ended 31 May 2025
TJR RETAIL LIMITED
Contents
Contents

| Page
--- | ---
Statement of Financial Position | 1—2
Notes to the Financial Statements | 3—8

Page 1
TJR RETAIL LIMITED
Statement of Financial Position
As At 31 May 2025
Statement of Financial Position
Registered number: 09151404

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 1 |  | 7,500
Tangible Assets | 5 |  | 242,093 |  | 219,205
|  |  | 242,094 |  | 226,705
CURRENT ASSETS
Stocks | 6 | 92,782 |  | 92,173 |
Debtors | 7 | 27,338 |  | 28,447 |
Cash at bank and in hand |  | 70,345 |  | 107,606 |
|  | 190,465 |  | 228,226 |
Creditors: Amounts Falling Due Within One Year | 8 | (248,774 ) |  | (249,117 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (58,309 ) |  | (20,891 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 183,785 |  | 205,814
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (155,016 ) |  | (153,199 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (9,455 ) |  | (3,405 )
NET ASSETS |  |  | 19,314 |  | 49,210
CAPITAL AND RESERVES
Called up share capital | 11 |  | 2 |  | 2
Income Statement |  |  | 19,312 |  | 49,208
SHAREHOLDERS' FUNDS |  |  | 19,314 |  | 49,210

Page 1
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TJR RETAIL LIMITED
Statement of Financial Position (continued)
As At 31 May 2025
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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board

Mr T Roberts Director
24/02/2026

The notes on pages 3 to 8 form part of these financial statements.
Page 2
Page 3
TJR RETAIL LIMITED
Notes to the Financial Statements
For The Year Ended 31 May 2025
Notes to the Financial Statements
1. General Information
TJR RETAIL LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 09151404 . The registered office is Spar, 18 Newport Road, Barnstaple, Devon, EX32 9BG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income statement over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold | 0%
Leasehold | 5% straight line
Motor Vehicles | 20% reducing balance
Fixtures & Fittings | 15% straight line

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TJR RETAIL LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Financial Instruments
Financial Instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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TJR RETAIL LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
2.9. Impairment
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.
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 are 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.
2.10. 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 in finance costs in profit or loss in the period it arises.
2.11. 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 in finance costs in profit or loss in the period in which it arises.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2024: 16)
15 16
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TJR RETAIL LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 June 2024 | 75,000
As at 31 May 2025 | 75,000
Amortisation
As at 1 June 2024 | 67,500
Provided during the period | 7,499
As at 31 May 2025 | 74,999
Net Book Value
As at 31 May 2025 | 1
As at 1 June 2024 | 7,500

5. Tangible Assets

| Land & Property
--- | ---
| Freehold | Leasehold | Motor Vehicles | Fixtures & Fittings | Total
| £ | £ | £ | £ | £
Cost
As at 1 June 2024 | 191,612 | 23,951 | - | 104,939 | 320,502
Additions | - | - | 35,017 | 999 | 36,016
Disposals | - | - | - | (3,517 ) | (3,517 )
As at 31 May 2025 | 191,612 | 23,951 | 35,017 | 102,421 | 353,001
Depreciation
As at 1 June 2024 | - | 10,782 | - | 90,515 | 101,297
Provided during the period | - | 1,198 | 7,003 | 4,128 | 12,329
Disposals | - | - | - | (2,718 ) | (2,718 )
As at 31 May 2025 | - | 11,980 | 7,003 | 91,925 | 110,908
Net Book Value
As at 31 May 2025 | 191,612 | 11,971 | 28,014 | 10,496 | 242,093
As at 1 June 2024 | 191,612 | 13,169 | - | 14,424 | 219,205

6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 92,782 |  | 92,173

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TJR RETAIL LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Prepayments and accrued income | 527 |  | 513
Other debtors | 5,452 |  | 12,257
Director's loan account | 21,359 |  | 15,677
| 27,338 |  | 28,447

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 3,784 |  | -
Trade creditors | 135,923 |  | 145,030
Bank loans and overdrafts | 32,847 |  | 29,705
Corporation tax | 36,648 |  | 51,638
Other taxes and social security | 612 |  | 1,576
VAT | 20,355 |  | 9,779
Net wages | 3,558 |  | -
Other creditors | 6,910 |  | 2,833
Accruals and deferred income | 8,137 |  | 8,556
| 248,774 |  | 249,117

Debentures were created on 7 February 2019 and 8 January 2021 in respect of any liabilities owing to Lloyds Blank Plc.
9. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 29,768 |  | -
Bank loans | 125,248 |  | 153,199
| 155,016 |  | 153,199

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TJR RETAIL LIMITED
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
10. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 3,784 |  | -
Later than one year and not later than five years | 29,768 |  | -
| 33,552 |  | -
| 33,552 |  | -

11. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 2 |  | 2

12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 1 June 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 May 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Timothy Roberts | (15,677 ) | (123,204 ) | 117,522 | - | (21,359 )

The above loan is unsecured, interest free and repayable on demand.
13. Related Party Transactions
During the year the company entered into the following transactions with related parties:
The following dividends were paid to related parties during the year:
Mr T Roberts - £75,000
Mrs K Roberts (Spouse of Mr T Roberts) - £80,000
14. Ultimate Controlling Party
The Company is controlled by the Director, owning 100% of the issued share capital.
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