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REGISTERED NUMBER: 05726885 (England and Wales)


Financial Statements for the Year Ended 28 February 2018

for

Somal (UK) Limited

Somal (UK) Limited (Registered number: 05726885)






Contents of the Financial Statements
for the Year Ended 28 February 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Somal (UK) Limited

Company Information
for the Year Ended 28 February 2018







DIRECTOR: Mr Jasbir Singh Somal





SECRETARY: Mrs Shindo Kaur





REGISTERED OFFICE: Desai House
9-13 Holbrook Lane
Coventry
West Midlands
CV6 4AD





REGISTERED NUMBER: 05726885 (England and Wales)





ACCOUNTANTS: Desai & Co Accountants
Desai House
9-13 Holbrook Lane
Coventry
West Midlands
CV6 4AD

Somal (UK) Limited (Registered number: 05726885)

Balance Sheet
28 February 2018

28.2.18 28.2.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 184,802 184,802
Property, plant and equipment 5 94,250 102,024
279,052 286,826

CURRENT ASSETS
Inventories 6 25,766 28,728
Debtors 7 15,531 15,481
Cash at bank and in hand 10,481 13,660
51,778 57,869
CREDITORS
Amounts falling due within one year 8 152,550 148,274
NET CURRENT LIABILITIES (100,772 ) (90,405 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

178,280

196,421

CREDITORS
Amounts falling due after more than one
year

9

164,427

183,629
NET ASSETS 13,853 12,792

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 13,753 12,692
SHAREHOLDERS' FUNDS 13,853 12,792

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Somal (UK) Limited (Registered number: 05726885)

Balance Sheet - continued
28 February 2018


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 25 October 2018 and were signed by:





Mr Jasbir Singh Somal - Director


Somal (UK) Limited (Registered number: 05726885)

Notes to the Financial Statements
for the Year Ended 28 February 2018

1. STATUTORY INFORMATION

Somal (UK) Limited 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 represents net sales value of goods,excluding value added tax.

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.
Fixtures and fittings - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2017
and 28 February 2018 184,802
NET BOOK VALUE
At 28 February 2018 184,802
At 28 February 2017 184,802

Somal (UK) Limited (Registered number: 05726885)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2018

5. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2017 68,550 62,074 23,185 153,809
Additions - 792 - 792
At 28 February 2018 68,550 62,866 23,185 154,601
DEPRECIATION
At 1 March 2017 - 45,989 5,796 51,785
Charge for year - 4,219 4,347 8,566
At 28 February 2018 - 50,208 10,143 60,351
NET BOOK VALUE
At 28 February 2018 68,550 12,658 13,042 94,250
At 28 February 2017 68,550 16,085 17,389 102,024

6. INVENTORIES
28.2.18 28.2.17
£    £   
Stocks 25,766 28,728

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Londis Shop Deposit 15,000 15,000
Prepayments 531 481
15,531 15,481

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Bank loans and overdrafts 4,951 1,360
Trade creditors 5,063 51,351
Corporation Tax 1,524 -
Social security and other taxes 1,224 570
Value Added Tax 864 441
Directors' current accounts 137,724 94,539
Accrued expenses 1,200 13
152,550 148,274

Somal (UK) Limited (Registered number: 05726885)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2018

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
28.2.18 28.2.17
£    £   
Lloyds 1186230 35,122 45,722
Barclays 94053931 129,305 137,907
164,427 183,629

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.18 28.2.17
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 March 2017 12,692
Profit for the year 1,061
At 28 February 2018 13,753

Somal (UK) Limited

Report of the Accountants to the Director of
Somal (UK) Limited

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 Balance Sheet. 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 Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28 February 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.






Desai & Co Accountants
Desai House
9-13 Holbrook Lane
Coventry
West Midlands
CV6 4AD


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