March Convenience Store - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09834466 (England and Wales)

Financial Statements for the Year Ended 30 November 2018

for

March Convenience Store

T/As Family Shopper Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTOR:

Mr Jasdev Jatana

REGISTERED OFFICE:

143 Eastfield Road

Peterborough

Cambridgeshire

United Kingdom

PE1 4AU

REGISTERED NUMBER:

09834466 (England and Wales)

ACCOUNTANTS:

Sterling Accounting Services Limited

Bridge House

9-13 Holbrook Lane

Coventry

CV6 4AD

FIXED ASSETS

Property, plant and equipment

3

46,232

56,216

CURRENT ASSETS

Inventories

4

28,517

21,589

Debtors

5

11,393

7,524

Cash at bank and in hand

9,314

34,865

49,224

63,978

CREDITORS

Amounts falling due within one year

6

65,657

74,044

NET CURRENT LIABILITIES

(16,433

)

(10,066

)

TOTAL ASSETS LESS CURRENT LIABILITIES

29,799

46,150

CREDITORS

Amounts falling due after more than one year

7

-

44,950

NET ASSETS

29,799

1,200

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

29,699

1,100

SHAREHOLDERS' FUNDS

29,799

1,200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 17 May 2019 and were signed by:

Mr Jasdev Jatana - Director

1.	STATUTORY INFORMATION

March Convenience Store T/As Family Shopper 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.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

3.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 December 2017

82,192

5,500

87,692

Additions

1,574

-

1,574

At 30 November 2018

83,766

5,500

89,266

DEPRECIATION

At 1 December 2017

29,496

1,980

31,476

Charge for year

10,854

704

11,558

At 30 November 2018

40,350

2,684

43,034

NET BOOK VALUE

At 30 November 2018

43,416

2,816

46,232

At 30 November 2017

52,696

3,520

56,216

4.	INVENTORIES

30.11.18

30.11.17

£

£

Stocks

28,517

21,589

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

£

Trade Debtors

759

759

Other Debtors

5,000

5,000

Social Security & Other Tax

4,927

1,765

Prepayments

707

-

11,393

7,524

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

£

Trade Creditors

1,927

666

Wages Payable

-

3,417

Bank Loan & Overdraft

32

32

Corporation Tax

9,005

1,839

Value Added Tax

16,015

10,633

Directors' current accounts

36,407

57,457

Accrued expenses

2,271

-

65,657

74,044

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.18

30.11.17

£

£

Other Creditors

-

44,950

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.18

30.11.17

value:

£

£

100

Ordinary Share

1

100

100

9.

RESERVES

Retained

earnings

£

At 1 December 2017

1,100

Profit for the year

30,599

Dividends

(2,000

)

At 30 November 2018

29,699

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Statement of Financial Position. Readers are cautioned that the Income

Statement and certain other primary statements and the Report of the Director are not required to be

filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30 November 2018 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Sterling Accounting Services Limited

Bridge House

9-13 Holbrook Lane

Coventry

CV6 4AD

Date: .............................................