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REGISTERED NUMBER: 11737586 (England and Wales)















Financial Statements for the Year Ended 31st January 2022

for

G & J SAMRA RETAIL LTD

G & J SAMRA RETAIL LTD (Registered number: 11737586)

Contents of the Financial Statements
for the Year Ended 31st January 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G & J SAMRA RETAIL LTD

Company Information
for the Year Ended 31st January 2022







DIRECTOR: S JUGDEEP SINGH





SECRETARY:





REGISTERED OFFICE: 250-252 COURT OAK ROAD
HARBORNE
BIRMINGHAM
West Midlands
B32 2EG





REGISTERED NUMBER: 11737586 (England and Wales)





ACCOUNTANT: A K & Co Accountants
732 Walsall Road
Great Barr
Birmingham
West Midlands
B42 1EX

G & J SAMRA RETAIL LTD (Registered number: 11737586)

Balance Sheet
31st January 2022

31.1.22 31.1.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,000 15,000
Property, plant and equipment 5 13,295 9,798
28,295 24,798

CURRENT ASSETS
Inventories 6 41,077 37,881
Debtors 7 1,674 1,774
Cash at bank and in hand 36,002 46,400
78,753 86,055
CREDITORS
Amounts falling due within one year 8 35,900 39,843
NET CURRENT ASSETS 42,853 46,212
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,148

71,010

CREDITORS
Amounts falling due after more than one
year

9

50,000

50,000
NET ASSETS 21,148 21,010

CAPITAL AND RESERVES
Called up share capital 11 - 100
Retained earnings 12 21,148 20,910
SHAREHOLDERS' FUNDS 21,148 21,010

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2022 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.

G & J SAMRA RETAIL LTD (Registered number: 11737586)

Balance Sheet - continued
31st January 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 10th April 2022 and were signed by:





S JUGDEEP SINGH - Director


G & J SAMRA RETAIL LTD (Registered number: 11737586)

Notes to the Financial Statements
for the Year Ended 31st January 2022


1. STATUTORY INFORMATION

G & J SAMRA RETAIL 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

Fixtures and fittings 15% pa on reducing balance

Motor vehicle 25% ps 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.

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.


G & J SAMRA RETAIL LTD (Registered number: 11737586)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2022


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st February 2021
and 31st January 2022 15,000
NET BOOK VALUE
At 31st January 2022 15,000
At 31st January 2021 15,000

G & J SAMRA RETAIL LTD (Registered number: 11737586)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2022


5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st February 2021 9,902 4,450 14,352
Additions 2,360 3,414 5,774
At 31st January 2022 12,262 7,864 20,126
DEPRECIATION
At 1st February 2021 2,328 2,226 4,554
Charge for year 1,164 1,113 2,277
At 31st January 2022 3,492 3,339 6,831
NET BOOK VALUE
At 31st January 2022 8,770 4,525 13,295
At 31st January 2021 7,574 2,224 9,798

6. INVENTORIES
31.1.22 31.1.21
£    £   
Stocks 41,077 37,881

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£    £   
Trade debtors 1,674 1,774

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£    £   
Trade creditors 11,555 13,881
Tax 3,891 1,912
Social security and other taxes 1,123 4,719
Directors' current accounts 17,881 17,881
Accrued expenses 1,450 1,450
35,900 39,843

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.22 31.1.21
£    £   
Other loans (see note 10) 50,000 50,000

G & J SAMRA RETAIL LTD (Registered number: 11737586)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2022


10. LOANS

An analysis of the maturity of loans is given below:

31.1.22 31.1.21
£    £   
Amounts falling due between one and two years:
Other loans - 1-2 years 50,000 50,000

11. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.1.22 31.1.21
value: £    £   
100 ORDINARY SHARE CAPITAL £1 - 100

100 ORDINARY SHARE CAPITAL shares of £1 each were allotted and fully paid for cash at par during the year.

12. RESERVES
Retained
earnings
£   

At 1st February 2021 20,910
Profit for the year 238
At 31st January 2022 21,148