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Company Registration No. 11869488 (England and Wales)
Milan Supermarket Limited Unaudited accounts for the year ended 31 March 2023
Milan Supermarket Limited Unaudited accounts Contents
Page
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Milan Supermarket Limited Company Information for the year ended 31 March 2023
Director
KHIRULLAH KHAIRZADE
Company Number
11869488 (England and Wales)
Registered Office
47 BARBAULD ROAD STOKE NEWINGTON LONDON N16 0RT ENGLAND
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Milan Supermarket Limited Statement of financial position as at 31 March 2023
2023 
Notes
£ 
Called up share capital not paid
1,000 
Fixed assets
Tangible assets
27,187 
Current assets
Inventories
23,586 
Debtors
45,857 
Cash at bank and in hand
9,613 
79,056 
Creditors: amounts falling due within one year
(25,558)
Net current assets
53,498 
Total assets less current liabilities
81,685 
Creditors: amounts falling due after more than one year
(29,728)
Net assets
51,957 
Capital and reserves
Called up share capital
1,000 
Profit and loss account
50,957 
Shareholders' funds
51,957 
For the year ending 31 March 2023 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 9 November 2023 and were signed on its behalf by
KHIRULLAH KHAIRZADE Director Company Registration No. 11869488
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Milan Supermarket Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Milan Supermarket Limited is a private company, limited by shares, registered in England and Wales, registration number 11869488. The registered office is 47 BARBAULD ROAD, STOKE NEWINGTON, LONDON, N16 0RT, ENGLAND.
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
These financial statements for the year ended 31 March 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
12,060 
- 
8,908 
20,968 
Additions
- 
21,112 
- 
21,112 
At 31 March 2023
12,060 
21,112 
8,908 
42,080 
Depreciation
At 1 April 2022
4,513 
3,167 
2,895 
10,575 
Charge for the year
755 
2,962 
601 
4,318 
At 31 March 2023
5,268 
6,129 
3,496 
14,893 
Net book value
At 31 March 2023
6,792 
14,983 
5,412 
27,187 
5
Debtors
2023 
£ 
Amounts falling due within one year
Other debtors
45,857 
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Milan Supermarket Limited Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
£ 
Trade creditors
9,116 
Taxes and social security
13,916 
Other creditors
2,526 
25,558 
7
Creditors: amounts falling due after more than one year
2023 
£ 
Bank loans
29,779 
Trade creditors
(51)
29,728 
8
Average number of employees
During the year the average number of employees was 4.
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