REGISTERED NUMBER: NI705906 (Northern Ireland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 JANUARY 2025 TO 11 JANUARY 2026

FOR

B&L RETAIL LIMITED

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

Ms R J McCammond

Ms L N McCammond

REGISTERED OFFICE:

17 Clarendon Road

Clarendon Dock

Belfast

BT1 3BG

REGISTERED NUMBER:

NI705906 (Northern Ireland)

ACCOUNTANTS:

Baker Tilly Mooney Moore

17 Clarendon Road

Belfast

BT1 3BG

FIXED ASSETS

Intangible assets

4

68,530

77,217

Tangible assets

5

487,629

579,529

556,159

656,746

CURRENT ASSETS

Stocks

80,298

71,716

Debtors

6

44,163

28,637

Cash at bank and in hand

97,421

118,883

221,882

219,236

CREDITORS

Amounts falling due within one year

7

339,673

387,136

NET CURRENT LIABILITIES

(117,791

)

(167,900

)

TOTAL ASSETS LESS CURRENT LIABILITIES

438,368

488,846

CREDITORS

Amounts falling due after more than one year

8

506,211

546,421

NET LIABILITIES

(67,843

)

(57,575

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(67,845

)

(57,577

)

(67,843

)

(57,575

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 11 January 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 11 January 2026 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 1 October 2026 and were signed on its behalf by:

Ms L N McCammond - Director

Ms R J McCammond - Director

1.	STATUTORY INFORMATION

B&L Retail Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets

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

Short leasehold

-

10% on cost

Fixtures, fittings & equipment

-

Straight line over 6 years

Stocks

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

Financial instruments

All financial instruments of the company are considered to meet the definition of basic financial instruments.

- Short term debtors and creditors

Debtors and creditors with no stated interest rate and are receivable or payable on demand are recognised at transaction price, and subject to annual impairment reviews. Any losses arising on impairment are recognised in the profit and loss account.

- Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand.

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

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 period was 16 (2024 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 11 January 2026

83,652

AMORTISATION

At 1 January 2025

6,435

Charge for period

8,687

At 11 January 2026

15,122

NET BOOK VALUE

At 11 January 2026

68,530

At 31 December 2024

77,217

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

206,633

424,045

630,678

Additions

-

3,900

3,900

At 11 January 2026

206,633

427,945

634,578

DEPRECIATION

At 1 January 2025

6,027

45,122

51,149

Charge for period

21,342

74,458

95,800

At 11 January 2026

27,369

119,580

146,949

NET BOOK VALUE

At 11 January 2026

179,264

308,365

487,629

At 31 December 2024

200,606

378,923

579,529

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

11.1.26

31.12.24

£

£

Other debtors

44,163

28,637

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

11.1.26

31.12.24

£

£

Trade creditors

64,334

85,687

Taxation and social security

19,496

6,920

Other creditors

255,843

294,529

339,673

387,136

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

11.1.26

31.12.24

£

£

Other creditors

506,211

546,421

9.	SECURED DEBTS

The following secured debts are included within creditors:

11.1.26

31.12.24

£

£

Other loans

547,792

614,348

Henderson Wholesale Limited hold a fixed and floating charge over the property and lands of the company.