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Registration number: 04861610

Denby Dale Supermarket Limited

Unaudited Filleted Financial Statements

for the Period from 1 December 2022 to 7 September 2023

 

Denby Dale Supermarket Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Denby Dale Supermarket Limited

Company Information

Directors

SR Thandi

MS Thandi

RS Thandi

Company secretary

SR Thandi

Registered office

347 Wakefield Road
Denby Dale
Huddersfield
West Yorkshire
HD8 8RT

 

Denby Dale Supermarket Limited

(Registration number: 04861610)
Balance Sheet as at 7 September 2023

Note

2023
£

2022
£

Current assets

 

Debtors

5

403,642

394,478

Creditors: Amounts falling due within one year

6

(1,470)

(1,500)

Net assets

 

402,172

392,978

Capital and reserves

 

Called up share capital

3

3

Retained earnings

402,169

392,975

Shareholders' funds

 

402,172

392,978

For the financial period ending 7 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Denby Dale Supermarket Limited

(Registration number: 04861610)
Balance Sheet as at 7 September 2023

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 January 2024 and signed on its behalf by:
 

.........................................
SR Thandi
Company secretary and director

 

Denby Dale Supermarket Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 7 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
347 Wakefield Road
Denby Dale
Huddersfield
West Yorkshire
HD8 8RT

These financial statements were authorised for issue by the Board on 29 January 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have not been prepared on a going concern basis as the company is about to be liquidated.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Denby Dale Supermarket Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 7 September 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Depreciation

Asset class

Depreciation method and rate

Fixtures and fittings

10% on reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

15 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Denby Dale Supermarket Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 7 September 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0 (2022 - 0).

 

Denby Dale Supermarket Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 7 September 2023

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 December 2022

90,000

90,000

At 7 September 2023

90,000

90,000

Amortisation

At 1 December 2022

90,000

90,000

At 7 September 2023

90,000

90,000

Carrying amount

At 7 September 2023

-

-

5

Debtors

Current

2023
£

2022
£

Other debtors

403,642

394,478

 

Denby Dale Supermarket Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 7 September 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

-

30

Accruals and deferred income

 

1,470

1,470

 

1,470

1,500

7

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Bank overdrafts

-

30

8

Related party transactions

Transactions with directors

2023

At 1 December 2022
£

Advances to director
£

At 7 September 2023
£

MS Thandi

Interest is charged at the rate of 2.5% p.a. on the overdrawn directors loan account. The directors operate current account and advances and credits. The amounts disclosed represent aggregates.

394,479

9,163

403,642

       
     

 

2022

At 1 December 2021
£

Advances to director
£

At 30 November 2022
£

MS Thandi

Interest is charged at the rate of 2.5% p.a. on the overdrawn directors loan account. The directors operate current account and advances and credits. The amounts disclosed represent aggregates.

84,710

309,769

394,479