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REGISTERED NUMBER: 07725007 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Super Express Store Ltd

Super Express Store Ltd (Registered number: 07725007)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Super Express Store Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr Ajay Anil Shah
Mr Vevak Anil Shah



REGISTERED OFFICE: Devonshire House
582 Honeypot Lane
Stanmore
MIDDLESEX
HA7 1JS



REGISTERED NUMBER: 07725007 (England and Wales)



ACCOUNTANTS: Capitax Financial Limited
Devonshire House
582 Honeypot Lane
Stanmore
MIDDLESEX
HA7 1JS



BANKERS: HSBC
101-103 Station Road
Edgware
Middlesex
HA8 7JJ

Super Express Store Ltd (Registered number: 07725007)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,000 16,500
Tangible assets 5 1,217 1,646
12,217 18,146

CURRENT ASSETS
Stocks 34,743 36,880
Debtors 6 1,483 7,978
Cash at bank and in hand 6,218 5,523
42,444 50,381
CREDITORS
Amounts falling due within one year 7 54,310 67,679
NET CURRENT LIABILITIES (11,866 ) (17,298 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

351

848

PROVISIONS FOR LIABILITIES 148 211
NET ASSETS 203 637

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 103 537
SHAREHOLDERS' FUNDS 203 637

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Super Express Store Ltd (Registered number: 07725007)

Statement of Financial Position - continued
31 March 2023


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 Board of Directors and authorised for issue on 15 August 2023 and were signed on its behalf by:





Mr Ajay Anil Shah - Director


Super Express Store Ltd (Registered number: 07725007)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Super Express 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 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
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 2011, is being amortised evenly over its estimated useful life of fourteen 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 cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 7 (2022 - 7 ) .

Super Express Store Ltd (Registered number: 07725007)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 77,000
AMORTISATION
At 1 April 2022 60,500
Charge for year 5,500
At 31 March 2023 66,000
NET BOOK VALUE
At 31 March 2023 11,000
At 31 March 2022 16,500

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 38,611
Additions 550
Disposals (21,980 )
At 31 March 2023 17,181
DEPRECIATION
At 1 April 2022 36,965
Charge for year 979
Eliminated on disposal (21,980 )
At 31 March 2023 15,964
NET BOOK VALUE
At 31 March 2023 1,217
At 31 March 2022 1,646

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 1,483 7,978

Super Express Store Ltd (Registered number: 07725007)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 33,204 42,890
Trade creditors 5,322 5,053
Taxation and social security 3,557 9,509
Other creditors 12,227 10,227
54,310 67,679

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year ended 31 March 2023, Super Express Store Ltd owed £5,934 to one of its directors. This amount is reflected in their respective director's loan accounts in credit balances, which is shown as part of other creditors under Creditors due within one year. Please be advised that the directors have agreed to provide this loan on an interest free basis and the loan is repayable on demand.