Company No:
Contents
DIRECTORS | Paul Andrew Steadman |
Andrew David Steadman | |
Nicholas Simon Steadman |
REGISTERED OFFICE | 15 The Mall |
Broadway Shopping Centre | |
Bexleyheath | |
DA6 7JJ | |
England | |
United Kingdom |
COMPANY NUMBER | 05820192 (England and Wales) |
CHARTERED ACCOUNTANTS | McBrides Accountants LLP |
Nexus House | |
2 Cray Road | |
Sidcup | |
Kent | |
DA14 5DA |
Note | 2022 | 2021 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 5 |
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28,400 | 14,657 | |||
Current assets | ||||
Stocks |
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Debtors | 6 |
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Cash at bank and in hand |
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67,959 | 145,469 | |||
Creditors | ||||
Amounts falling due within one year | 7 | (
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Net current (liabilities)/assets | (48,617) | 76,051 | ||
Total assets less current liabilities | (20,217) | 90,708 | ||
Creditors | ||||
Amounts falling due after more than one year | (
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Net (liabilities)/assets | (
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account | (
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Total shareholders' (deficit)/funds | (
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Directors' responsibilities:
The financial statements of Steads Retail Limited (registered number:
Andrew David Steadman
Director |
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.
Steads Retail Limited (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 15 The Mall, Broadway Shopping Centre, Bexleyheath, DA6 7JJ, England, 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 £.
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 is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Goodwill |
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Land and buildings |
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Plant and machinery etc. |
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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.
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 Profit and Loss Account as described below.
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.
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
2022 | 2021 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Goodwill | Total | ||
£ | £ | ||
Cost | |||
At 01 May 2021 |
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At 30 April 2022 |
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Accumulated amortisation | |||
At 01 May 2021 |
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At 30 April 2022 |
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Net book value | |||
At 30 April 2022 |
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At 30 April 2021 |
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Land and buildings | Plant and machinery etc. | Total | |||
£ | £ | £ | |||
Cost | |||||
At 01 May 2021 |
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Additions |
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At 30 April 2022 |
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Accumulated depreciation | |||||
At 01 May 2021 |
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Charge for the financial year |
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At 30 April 2022 |
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Net book value | |||||
At 30 April 2022 |
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At 30 April 2021 |
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2022 | 2021 | ||
£ | £ | ||
Other debtors |
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2022 | 2021 | ||
£ | £ | ||
Trade creditors |
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Other taxation and social security |
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Other creditors |
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