Company Registration No. 05902890 (England and Wales)
Pricedown Store Ltd
Unaudited accounts
for the year ended 30 November 2019
Pricedown Store Ltd
Unaudited accounts
Contents
Pricedown Store Ltd
Company Information
for the year ended 30 November 2019
Company Number
05902890 (England and Wales)
Registered Office
C/O Numera Accountancy Ltd
168 Clare Road
CARDIFF
CF11 6RX
Accountants
Numera Accountancy Ltd
Certified Public Accountants
168 Clare Road
CARDIFF
CF11 6RX
Pricedown Store Ltd
Statement of financial position
as at
30 November 2019
Intangible assets
25,154
34,455
Tangible assets
11,886
2,608
Inventories
20,000
24,255
Cash at bank and in hand
36,613
34,472
Creditors: amounts falling due within one year
(31,503)
(42,878)
Net current assets
36,487
21,923
Total assets less current liabilities
73,527
58,986
Creditors: amounts falling due after more than one year
(43,926)
(49,926)
Called up share capital
1
1
Profit and loss account
29,600
9,059
Shareholders' funds
29,601
9,060
For the year ending 30 November 2019 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 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 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.
Approved by the Board on 8 March 2020.
M Kerai
Director
Company Registration No. 05902890
Pricedown Store Ltd
Notes to the Accounts
for the year ended 30 November 2019
Pricedown Store Ltd is a private company, limited by shares, registered in England and Wales, registration number 05902890. The registered office is C/O Numera Accountancy Ltd, 168 Clare Road, CARDIFF, CF11 6RX.
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 year, 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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Intangible fixed assets
Goodwill
Other
Total
At 1 December 2018
87,000
13,549
100,549
At 30 November 2019
87,000
13,549
100,549
At 1 December 2018
56,550
9,544
66,094
Charge for the year
8,700
601
9,301
At 30 November 2019
65,250
10,145
75,395
At 30 November 2019
21,750
3,404
25,154
At 30 November 2018
30,450
4,005
34,455
Pricedown Store Ltd
Notes to the Accounts
for the year ended 30 November 2019
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 December 2018
12,414
8,200
7,322
27,936
Additions
-
13,500
-
13,500
Disposals
-
(8,200)
-
(8,200)
At 30 November 2019
12,414
13,500
7,322
33,236
At 1 December 2018
10,976
7,940
6,412
25,328
Charge for the year
360
3,375
227
3,962
On disposals
-
(7,940)
-
(7,940)
At 30 November 2019
11,336
3,375
6,639
21,350
At 30 November 2019
1,078
10,125
683
11,886
At 30 November 2018
1,438
260
910
2,608
Finished goods
20,000
24,255
Trade debtors
4,897
5,245
Accrued income and prepayments
-
829
8
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
436
-
Trade creditors
12,995
11,092
Taxes and social security
9,119
9,242
Other creditors
473
2,201
Loans from directors
5,000
5,000
9
Creditors: amounts falling due after more than one year
2019
2018
Other creditors
43,926
49,926
Pricedown Store Ltd
Notes to the Accounts
for the year ended 30 November 2019
10
Average number of employees
During the year the average number of employees was 8 (2018: 4).