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Company Registration No. 08719030 (England and Wales)
SELECT N SAVE FOOD & WINE LTD Unaudited accounts for the year ended 31 October 2022
SELECT N SAVE FOOD & WINE LTD Unaudited accounts Contents
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SELECT N SAVE FOOD & WINE LTD Company Information for the year ended 31 October 2022
Director
Pagit Singh Nagpal
Company Number
08719030 (England and Wales)
Registered Office
62 THAMES COURT HANWAY ROAD HANWELL W7 3RP
Accountants
Gurdeep Jaswal Jaswal and Co Limited 121 Beavers Lane Hounslow Middlesex TW4 6HF
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SELECT N SAVE FOOD & WINE LTD Statement of financial position as at 31 October 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,199 
19,446 
Current assets
Inventories
91,700 
46,700 
Debtors
1,500 
1,500 
Cash at bank and in hand
59,112 
63,489 
152,312 
111,689 
Creditors: amounts falling due within one year
(62,184)
(18,674)
Net current assets
90,128 
93,015 
Total assets less current liabilities
106,327 
112,461 
Creditors: amounts falling due after more than one year
(76,970)
(90,901)
Net assets
29,357 
21,560 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
29,356 
21,559 
Shareholders' funds
29,357 
21,560 
For the year ending 31 October 2022 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.
The financial statements were approved by the Board and authorised for issue on 31 March 2023 and were signed on its behalf by
Pagit Singh Nagpal Director Company Registration No. 08719030
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SELECT N SAVE FOOD & WINE LTD Notes to the Accounts for the year ended 31 October 2022
1
Statutory information
SELECT N SAVE FOOD & WINE LTD is a private company, limited by shares, registered in England and Wales, registration number 08719030. The registered office is 62 THAMES COURT, HANWAY ROAD, HANWELL, W7 3RP.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2021
3,212 
23,252 
26,464 
At 31 October 2022
3,212 
23,252 
26,464 
Depreciation
At 1 November 2021
- 
7,018 
7,018 
Charge for the year
- 
3,247 
3,247 
At 31 October 2022
- 
10,265 
10,265 
Net book value
At 31 October 2022
3,212 
12,987 
16,199 
At 31 October 2021
3,212 
16,234 
19,446 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,500 
1,500 
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SELECT N SAVE FOOD & WINE LTD Notes to the Accounts for the year ended 31 October 2022
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
Obligations under finance leases and hire purchase contracts
3,930 
3,930 
Trade creditors
3,697 
- 
Taxes and social security
8,867 
4,744 
Proposed dividends
30,000 
- 
Accruals
5,690 
- 
62,184 
18,674 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
25,833 
35,833 
Obligations under finance leases and hire purchase contracts
11,137 
15,068 
Other creditors
40,000 
40,000 
76,970 
90,901 
8
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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