Registered number
04713962
Rama Mini Market Limited
Filleted Accounts
31 March 2023
Rama Mini Market Limited
Registered number: 04713962
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 27,799 9,715
Current assets
Stocks 42,514 40,990
Debtors 4 8,441 4,188
Cash at bank and in hand 17,841 16,265
68,796 61,443
Creditors: amounts falling due within one year 5 (19,481) (16,234)
Net current assets 49,315 45,209
Total assets less current liabilities 77,114 54,924
Creditors: amounts falling due after more than one year 6 (19,184) -
Net assets 57,930 54,924
Capital and reserves
Called up share capital 100 100
Profit and loss account 57,830 54,824
Shareholder's funds 57,930 54,924
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mustafa Sayilir
Director
Approved by the board on 4 September 2023
Rama Mini Market Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 15% reducing balance
Motor vehicles 15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Functional and presentation currency
The financial statements of the company are measured and presented in the currency of the primary economic environment in which the company operates, the functional currency. The financial statements are presented in Pound sterling (£), which is the company’s functional currency.
Employee benefits
Short-term employee benefits
Short-term employee benefits are recognised as an expense in the period in which they are incurred.

Post-employment defined contribution plans
Amounts in respect of defined contributions plans are recognised as an expense as they are incurred.

Termination benefits
Provisions for termination benefits are recognised only when the company is demonstrably committed to terminate the employment of an employee or of a group of employees before their normal retirement date or to provide termination benefits as a result of an offer made in order to encourage voluntary redundancy.
Going concern
The financial statements have been prepared on the basis that the company will receive continued financial support from bank and directors and has adequate resources to continue in operational existence for the foreseeable future.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 6
3 Tangible fixed assets
Fixtures, fittings, tools and equipment Motor vehicles Total
£ £ £
Cost
At 1 April 2022 44,495 12,881 57,376
Additions - 22,990 22,990
At 31 March 2023 44,495 35,871 80,366
Depreciation
At 1 April 2022 36,190 11,471 47,661
Charge for the year 1,246 3,660 4,906
At 31 March 2023 37,436 15,131 52,567
Net book value
At 31 March 2023 7,059 20,740 27,799
At 31 March 2022 8,305 1,410 9,715
4 Debtors 2023 2022
£ £
Other debtors 8,441 4,188
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 3,171 -
Trade creditors 856 4,864
Taxation and social security costs 1,827 3,744
Other creditors 13,627 7,626
19,481 16,234
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 19,184 -
7 Related party transactions
Included within other creditors is a director's loan of £7,322 (2022 - £4,276).
8 Controlling party
Mustafa Sayilir is the ultimate controlling party.
9 Other information
Rama Mini Market Limited is a private company limited by shares and incorporated in England. Its registered office is:
143 Victoria Road
Edmonton
London
N9 9BA
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