Company Registration No. 06646417 (England and Wales)
TIDDINGTON CONVENIENCE STORES LIMITED
Unaudited accounts
for the period from 1 May 2021 to 31 October 2022
TIDDINGTON CONVENIENCE STORES LIMITED
Unaudited accounts
Contents
TIDDINGTON CONVENIENCE STORES LIMITED
Company Information
for the period from 1 May 2021 to 31 October 2022
Directors
David Chippendale
Susan Chippendale
Company Number
06646417 (England and Wales)
Registered Office
12 MAIN STREET
TIDDINGTON
STRATFORD-UPON-AVON
WARWICKSHIRE
CV37 7AZ
Accountants
FILAN Accountants Ltd
57 Ely Street
Stratford upon Avon
CV37 6LN
TIDDINGTON CONVENIENCE STORES LIMITED
Statement of financial position
as at
31 October 2022
Intangible assets
22,972
34,241
Tangible assets
145,143
168,654
Inventories
49,037
43,016
Cash at bank and in hand
347,971
57,231
Creditors: amounts falling due within one year
(143,809)
(188,774)
Net current assets/(liabilities)
352,876
(88,491)
Total assets less current liabilities
520,991
114,404
Creditors: amounts falling due after more than one year
(272,086)
-
Net assets
248,905
114,404
Called up share capital
200
200
Share premium
13,533
13,533
Profit and loss account
235,172
100,671
Shareholders' funds
248,905
114,404
For the period ending 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2022 and were signed on its behalf by
David Chippendale
Director
Company Registration No. 06646417
TIDDINGTON CONVENIENCE STORES LIMITED
Notes to the Accounts
for the period from 1 May 2021 to 31 October 2022
TIDDINGTON CONVENIENCE STORES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06646417. The registered office is 12 MAIN STREET, TIDDINGTON, STRATFORD-UPON-AVON, WARWICKSHIRE, CV37 7AZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
15 years straight line
Plant & machinery
15% straight line and 15% reducing balance
Computer equipment
33% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill is amortised over 20 years but is reviewed regularly to ensure it is still the most appropriate method.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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 accounts. 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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
TIDDINGTON CONVENIENCE STORES LIMITED
Notes to the Accounts
for the period from 1 May 2021 to 31 October 2022
4
Intangible fixed assets
Goodwill
At 31 October 2022
150,250
Charge for the period
11,269
At 31 October 2022
127,278
At 31 October 2022
22,972
5
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2021
107,818
319,939
-
427,757
Additions
-
5,142
262
5,404
At 31 October 2022
107,818
325,081
262
433,161
At 1 May 2021
38,985
220,118
-
259,103
Charge for the period
6,348
22,436
131
28,915
At 31 October 2022
45,333
242,554
131
288,018
At 31 October 2022
62,485
82,527
131
145,143
At 30 April 2021
68,833
99,821
-
168,654
Amounts falling due within one year
Accrued income and prepayments
5,613
36
TIDDINGTON CONVENIENCE STORES LIMITED
Notes to the Accounts
for the period from 1 May 2021 to 31 October 2022
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
42,656
-
Trade creditors
37,189
47,967
Taxes and social security
48,161
30,844
Other creditors
1,371
62,736
Loans from directors
78
38,519
8
Creditors: amounts falling due after more than one year
2022
2021
9
Average number of employees
During the period the average number of employees was 17 (2021: 15).