Company Registration No. 10103567 (England and Wales)
Hunter Supermarket Ltd
Unaudited accounts
for the year ended 30 April 2023
Hunter Supermarket Ltd
Unaudited accounts
Contents
Hunter Supermarket Ltd
Company Information
for the year ended 30 April 2023
Company Number
10103567 (England and Wales)
Registered Office
23 Westbury Avenue
London
N22 6BS
England
Accountants
DNG Associates
214 Baker Street
Enfield
London
EN1 3JT
Hunter Supermarket Ltd
Statement of financial position
as at 30 April 2023
Tangible assets
53,508
29,941
Cash at bank and in hand
8,617
23,319
Creditors: amounts falling due within one year
(38,795)
(52,943)
Net current assets
21,072
13,168
Total assets less current liabilities
74,580
43,109
Creditors: amounts falling due after more than one year
(68,267)
(40,643)
Called up share capital
1
1
Profit and loss account
6,312
2,465
Shareholders' funds
6,313
2,466
For the year ending 30 April 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 23 November 2023 and were signed on its behalf by
Mr K Avci
Director
Company Registration No. 10103567
Hunter Supermarket Ltd
Notes to the Accounts
for the year ended 30 April 2023
Hunter Supermarket Ltd is a private company, limited by shares, registered in England and Wales, registration number 10103567. The registered office is 23 Westbury Avenue, London, N22 6BS, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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:
Plant & machinery
33.33% - reducing balance
Motor vehicles
20% - reducing balance
Fixtures & fittings
18% - reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Hunter Supermarket Ltd
Notes to the Accounts
for the year ended 30 April 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2022
929
16,450
19,708
37,087
Additions
-
-
35,750
35,750
At 30 April 2023
929
16,450
55,458
72,837
At 1 May 2022
309
3,290
3,547
7,146
Charge for the year
207
2,632
9,344
12,183
At 30 April 2023
516
5,922
12,891
19,329
At 30 April 2023
413
10,528
42,567
53,508
At 30 April 2022
620
13,160
16,161
29,941
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
20,000
10,000
Obligations under finance leases and hire purchase contracts
4,073
4,073
Taxes and social security
(2,873)
4,062
Other creditors
8,135
30,749
6
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
6,600
9,810
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Transactions with related parties
Included within other creditors is an amount of £8,060 (2022: £30,673) due to its director. There are no terms as to interest or repayment in respect of this balance.
9
Average number of employees
During the year the average number of employees was 5 (2022: 5).