REGISTERED NUMBER: 05768422 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018

FOR

A & M CONVENIENCE STORE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs M K Aujla

A S Aujla

SECRETARY:

Mrs M K Aujla

REGISTERED OFFICE:

180-182 Sutcliffe Avenue

Grimsby

N E Lincolnshire

DN33 1HA

REGISTERED NUMBER:

05768422 (England and Wales)

ACCOUNTANTS:

D Flynn Associates Limited

Chartered Certified Accountants

and Business Advisors

23 Chantry Lane

Grimsby

N E Lincolnshire

DN31 2LP

FIXED ASSETS

252,450

Intangible assets

4

224,400

217,309

Tangible assets

5

447,022

469,759

671,422

CURRENT ASSETS

128,752

Stocks

128,956

161,194

Debtors

6

128,376

230,658

Cash at bank and in hand

199,069

520,604

456,401

CREDITORS

109,586

Amounts falling due within one year

7

200,786

411,018

NET CURRENT ASSETS

255,615

880,777

TOTAL ASSETS LESS CURRENT LIABILITIES

927,037

CAPITAL AND RESERVES

2

Called up share capital

2

880,775

Retained earnings

927,035

880,777

SHAREHOLDERS' FUNDS

927,037

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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 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 Board of Directors on 27 June 2018 and were signed on its behalf by:

Mrs M K Aujla - Director

1.	STATUTORY INFORMATION

A & M Convenience Store 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 2006, 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.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Stocks

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

moving items.

Taxation

Taxation for the year 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet 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 year 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 year was NIL (2017 - 13 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2017

and 30 April 2018

280,500

AMORTISATION

At 1 May 2017

28,050

Charge for year

28,050

At 30 April 2018

56,100

NET BOOK VALUE

At 30 April 2018

224,400

At 30 April 2017

252,450

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

Totals

buildings

etc

£

£

£

COST

At 1 May 2017

389,420

-

389,420

Additions

240,695

240,000

695

At 30 April 2018

630,115

240,000

390,115

DEPRECIATION

At 1 May 2017

172,111

-

172,111

Charge for year

10,982

-

10,982

At 30 April 2018

183,093

-

183,093

NET BOOK VALUE

At 30 April 2018

447,022

240,000

207,022

At 30 April 2017

217,309

-

217,309

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Other debtors

128,376

161,194

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.18

30.4.17

£

£

Trade creditors

54,308

40,431

Taxation and social security

45,380

50,770

Other creditors

101,098

18,385

200,786

109,586

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2018 and

30 April 2017:

30.4.18

30.4.17

£

£

A S Aujla and Mrs M K Aujla

Balance outstanding at start of year

127,352

131,102

Amounts repaid

(127,352

)

(3,750

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

127,352