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Registered Number: 08404269


 

 

 

KASHMIR SUPERMARKET LTD


Abridged Accounts
 


Period of accounts

Start date: 31 July 2022

End date: 30 July 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Intangible fixed assets 3 13,660    15,368 
Tangible fixed assets 4 987,750    749,389 
1,001,410    764,757 
Current assets      
Stocks 317,622    346,110 
Debtors 513,760    488,632 
Cash at bank and in hand 837,498    578,647 
1,668,880    1,413,389 
Creditors: amount falling due within one year (789,989)   (682,604)
Net current assets 878,891    730,785 
 
Total assets less current liabilities 1,880,301    1,495,542 
Creditors: amount falling due after more than one year (266,808)   (279,854)
Provisions for liabilities (8,749)   (8,747)
Net assets 1,604,744    1,206,941 
 

Capital and reserves
     
Called up share capital 5    5 
Profit and loss account 1,604,739    1,206,936 
Shareholder's funds 1,604,744    1,206,941 
 


For the year ended 30 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 09 September 2023 and were signed on its behalf by:


-------------------------------
Muhammad Zahid Iqbal
Director
1
General Information
KASHMIR SUPERMARKET LTD is a private company, limited by shares, registered in , registration number 08404269, registration address 257 Dewsbury Road, Leeds, LS11 5HZ .

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 15 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land & Buildings 0% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 15% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 43 (2022 : 51).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 31 July 2022 25,616    25,616 
Additions  
Disposals  
At 30 July 2023 25,616    25,616 
Amortisation
At 31 July 2022 10,248    10,248 
Charge for year 1,708    1,708 
On disposals  
At 30 July 2023 11,956    11,956 
Net book values
At 30 July 2023 13,660    13,660 
At 30 July 2022 15,368    15,368 


4.

Tangible fixed assets

Cost or valuation Land & Buildings   Motor Vehicles   Fixtures and Fittings   Total
  £   £   £   £
At 31 July 2022 657,136    17,652    208,801    883,589 
Additions 199,379    9,100    62,959    271,438 
Disposals   (15,074)     (15,074)
At 30 July 2023 856,515    11,678    271,760    1,139,953 
Depreciation
At 31 July 2022   8,085    126,114    134,199 
Charge for year   2,479    21,847    24,326 
On disposals   (6,322)     (6,322)
At 30 July 2023   4,242    147,961    152,203 
Net book values
Closing balance as at 30 July 2023 856,515    7,436    123,799    987,750 
Opening balance as at 31 July 2022 657,136    9,566    82,687    749,389 


2