REGISTERED NUMBER: 07146023 (England and Wales)

Unaudited Financial Statements for the Year Ended 29 June 2025

for

Q Retail Stores Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms P Sharma

Mr R K Sharma

Mr S Sharma

REGISTERED OFFICE:

Unit 16 Goldthorpe Industrial Estate

Commercial Road

Goldthorpe

Rotherham

South Yorkshire

S63 9BL

REGISTERED NUMBER:

07146023 (England and Wales)

ACCOUNTANTS:

BK Plus Ltd

Abacus House

Pennine Business Park

Huddersfield

West Yorkshire

HD2 1GQ

FIXED ASSETS

Intangible assets

4

500,000

500,000

Tangible assets

5

6,884,509

6,721,311

7,384,509

7,221,311

CURRENT ASSETS

Stocks

6

563,759

579,105

Debtors

7

668,779

601,626

Cash at bank and in hand

1,093,663

415,891

2,326,201

1,596,622

CREDITORS

Amounts falling due within one year

8

1,673,030

1,661,190

NET CURRENT ASSETS/(LIABILITIES)

653,171

(64,568

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,037,680

7,156,743

CREDITORS

Amounts falling due after more than one year

9

(1,977,892

)

(1,624,882

)

PROVISIONS FOR LIABILITIES

(219,087

)

(178,287

)

NET ASSETS

5,840,701

5,353,574

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

1,957,017

1,957,017

Retained earnings

3,883,584

3,396,457

SHAREHOLDERS' FUNDS

5,840,701

5,353,574

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2026 and were signed on its behalf by:

Mr R K Sharma - Director

1.	STATUTORY INFORMATION

Q Retail Stores Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intellectual Property are being amortised evenly over their estimated useful life of nil years.

Intellectual property is not depreciated and revalued on an annual basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

In accordance with the property

Plant and machinery

-

20% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2024 - 26 ) .

4.	INTANGIBLE FIXED ASSETS

Intellectual

Property

£

COST OR VALUATION

At 30 June 2024

and 29 June 2025

500,000

NET BOOK VALUE

At 29 June 2025

500,000

At 29 June 2024

500,000

Cost or valuation at 29 June 2025 is represented by:

Intellectual

Property

£

Valuation in 2025

500,000

5.	TANGIBLE FIXED ASSETS

Freehold

Improvements

Plant and

property

to property

machinery

£

£

£

COST OR VALUATION

At 30 June 2024

6,008,162

279,455

277,427

Additions

-

-

268,911

Disposals

-

-

(95,146

)

At 29 June 2025

6,008,162

279,455

451,192

DEPRECIATION

At 30 June 2024

-

932

113,267

Charge for year

5,589

-

69,245

Eliminated on disposal

-

-

(50,946

)

At 29 June 2025

5,589

932

131,566

NET BOOK VALUE

At 29 June 2025

6,002,573

278,523

319,626

At 29 June 2024

6,008,162

278,523

164,160

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST OR VALUATION

At 30 June 2024

323,005

9,480

33,465

6,930,994

Additions

44,458

-

2,455

315,824

Disposals

-

-

-

(95,146

)

At 29 June 2025

367,463

9,480

35,920

7,151,672

DEPRECIATION

At 30 June 2024

59,180

6,539

29,765

209,683

Charge for year

31,013

736

1,843

108,426

Eliminated on disposal

-

-

-

(50,946

)

At 29 June 2025

90,193

7,275

31,608

267,163

NET BOOK VALUE

At 29 June 2025

277,270

2,205

4,312

6,884,509

At 29 June 2024

263,825

2,941

3,700

6,721,311

Cost or valuation at 29 June 2025 is represented by:

Freehold

Improvements

Plant and

property

to property

machinery

£

£

£

Valuation in 2025

6,008,162

279,455

451,192

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

Valuation in 2025

367,463

9,480

35,920

7,151,672

6.

STOCKS

29.6.25

29.6.24

£

£

Stocks

563,759

579,105

7.

DEBTORS

29.6.25

29.6.24

£

£

Amounts falling due within one year:

Trade debtors

47,956

21,851

Amounts owed by associates

560,528

561,486

Other debtors

354

-

Prepayments

7,729

18,289

616,567

601,626

29.6.25

29.6.24

£

£

Amounts falling due after more than one year:

Other debtors

52,212

-

Aggregate amounts

668,779

601,626

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.6.25

29.6.24

£

£

Bank loans and overdrafts (see note 10)

252,060

590,553

Trade creditors

968,603

650,480

Amounts owed to associates

-

60,000

Tax

63,761

56,740

Social security and other tax

2,710

28,664

VAT

192,645

153,660

Other creditors

26,728

-

Wages control

1,512

-

Pension fund

2,380

3,971

Directors' loan accounts

78,414

113,745

Accrued expenses

84,217

3,377

1,673,030

1,661,190

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

29.6.25

29.6.24

£

£

Bank loans (see note 10)

1,977,892

1,624,882

10.

LOANS

An analysis of the maturity of loans is given below:

29.6.25

29.6.24

£

£

Amounts falling due within one year or on demand:

Bank loans

114,715

335,791

HSBC trade facility

137,345

245,497

Renaissance asset finance

-

9,265

252,060

590,553

Amounts falling due between one and two years:

Bank loans - 1-2 years

122,433

361,859

Amounts falling due between two and five years:

Bank loans - 2-5 years

1,855,459

1,263,023

11.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

29.6.25

29.6.24

£

£

Within one year

-

6,100

12.	SECURED DEBTS

The following secured debts are included within creditors:

29.6.25

29.6.24

£

£

Bank loans

2,229,952

2,215,435

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors: amounts falling due within one year is a loan from the director of £78,414 (2024 - £113,745). The loan is interest free with no fixed date for repayment.

14.	RELATED PARTY DISCLOSURES

At the period end Q Retail Stores Ltd was owed £560,528 (2024 - £561,487) from companies with common directors and Q Retail Stores Ltd owed these companies £nil (2024 - £60,000).

15.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms P Sharma.