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REGISTERED NUMBER: 10555391 (England and Wales)


Financial Statements for the Year Ended 31 January 2023

for

Quality Supermarket Birmingham Ltd

Quality Supermarket Birmingham Ltd (Registered number: 10555391)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Quality Supermarket Birmingham Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTORS: Mr Amarjit Singh Bedi
Mrs Sunmeet Kaur Bedi





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





REGISTERED NUMBER: 10555391 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Quality Supermarket Birmingham Ltd (Registered number: 10555391)

Statement of Financial Position
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 73,344 73,344
Property, plant and equipment 5 6,428 8,571
79,772 81,915

CURRENT ASSETS
Inventories 61,516 62,523
Debtors 6 5,000 5,000
Cash at bank and in hand 7,308 6,988
73,824 74,511
CREDITORS
Amounts falling due within one year 7 52,464 37,962
NET CURRENT ASSETS 21,360 36,549
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,132

118,464

CREDITORS
Amounts falling due after more than one
year

8

57,868

66,993
NET ASSETS 43,264 51,471

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 43,064 51,271
SHAREHOLDERS' FUNDS 43,264 51,471

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

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

Quality Supermarket Birmingham Ltd (Registered number: 10555391)

Statement of Financial Position - continued
31 January 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 25 October 2023 and were signed on its behalf by:





Mr Amarjit Singh Bedi - Director


Quality Supermarket Birmingham Ltd (Registered number: 10555391)

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

1. STATUTORY INFORMATION

Quality Supermarket Birmingham 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.

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 73,344
NET BOOK VALUE
At 31 January 2023 73,344
At 31 January 2022 73,344

Quality Supermarket Birmingham Ltd (Registered number: 10555391)

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

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 February 2022
and 31 January 2023 26,616
DEPRECIATION
At 1 February 2022 18,045
Charge for year 2,143
At 31 January 2023 20,188
NET BOOK VALUE
At 31 January 2023 6,428
At 31 January 2022 8,571

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 5,000 5,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 20,933 4,744
Taxation and social security 24,236 27,549
Other creditors 7,295 5,669
52,464 37,962

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans 57,868 66,993

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
200 Ordinary Share £1 200 200