Company Registration No. 11999951 (England and Wales)
SAVER CASH AND CARRY LTD
Unaudited accounts
for the year ended 31 May 2023
SAVER CASH AND CARRY LTD
Unaudited accounts
Contents
SAVER CASH AND CARRY LTD
Company Information
for the year ended 31 May 2023
Company Number
11999951 (England and Wales)
Registered Office
1-3 Becket Road
London
N18 3PN
England
Accountants
DNG Associates
214 Baker Street
Enfield
London
EN1 3JT
SAVER CASH AND CARRY LTD
Statement of financial position
as at 31 May 2023
Tangible assets
2,194
2,676
Cash at bank and in hand
2,634
4,532
Creditors: amounts falling due within one year
(80,950)
(29,504)
Net current assets
12,711
8,663
Called up share capital
100
100
Profit and loss account
14,805
11,239
Shareholders' funds
14,905
11,339
For the year ending 31 May 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 5 February 2024 and were signed on its behalf by
Mr Levent Turk
Director
Company Registration No. 11999951
SAVER CASH AND CARRY LTD
Notes to the Accounts
for the year ended 31 May 2023
SAVER CASH AND CARRY LTD is a private company, limited by shares, registered in England and Wales, registration number 11999951. The registered office is 1-3 Becket Road, London, N18 3PN, 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:
Motor vehicles
18% - 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.
SAVER CASH AND CARRY LTD
Notes to the Accounts
for the year ended 31 May 2023
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 June 2022
4,500
1,895
6,395
At 31 May 2023
4,500
1,895
6,395
At 1 June 2022
2,700
1,019
3,719
Charge for the year
324
158
482
At 31 May 2023
3,024
1,177
4,201
At 31 May 2023
1,476
718
2,194
At 31 May 2022
1,800
876
2,676
Amounts falling due within one year
Trade debtors
12,417
7,185
Accrued income and prepayments
5,000
600
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
3,514
2,949
Other creditors
74,280
25,355
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
Included within other creditors is an amount of £74,280 (2022: £25,355) due to the director of the company. 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 2 (2022: 1).