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REGISTERED NUMBER: 03987891 (England and Wales)















GHARU'S SUPERSTORE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023






GHARU'S SUPERSTORE LIMITED (REGISTERED NUMBER: 03987891)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GHARU'S SUPERSTORE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: H R Gharu
Mrs K Gharu





SECRETARY: Indigo Secretaries Limited





REGISTERED OFFICE: 3 Kensworth Gate
200-204 High Street South
Dunstable
Bedfordshire
LU6 3HS





REGISTERED NUMBER: 03987891 (England and Wales)





ACCOUNTANTS: Higginson & Co (UK) Ltd
3 Kensworth Gate
200 - 204 High Street South
Dunstable
Bedfordshire
LU6 3HS

GHARU'S SUPERSTORE LIMITED (REGISTERED NUMBER: 03987891)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,097 3,692

CURRENT ASSETS
Stocks 7,912 8,007
Debtors 5 492 492
Cash at bank and in hand 47,739 46,838
56,143 55,337
CREDITORS
Amounts falling due within one year 6 52,190 44,809
NET CURRENT ASSETS 3,953 10,528
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,050

14,220

CREDITORS
Amounts falling due after more than one
year

7

22,502

32,501
NET LIABILITIES (15,452 ) (18,281 )

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (15,652 ) (18,481 )
SHAREHOLDERS' FUNDS (15,452 ) (18,281 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

GHARU'S SUPERSTORE LIMITED (REGISTERED NUMBER: 03987891)

BALANCE SHEET - continued
31 MAY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 January 2024 and were signed on its behalf by:





H R Gharu - Director


GHARU'S SUPERSTORE LIMITED (REGISTERED NUMBER: 03987891)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Gharu's Superstore Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost and 25% on 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

GHARU'S SUPERSTORE LIMITED (REGISTERED NUMBER: 03987891)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 June 2022
and 31 May 2023 32,251
DEPRECIATION
At 1 June 2022 28,559
Charge for year 595
At 31 May 2023 29,154
NET BOOK VALUE
At 31 May 2023 3,097
At 31 May 2022 3,692

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Prepayments and accrued income 492 492

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 9,166 9,166
Trade creditors 3,992 4,636
Corporation tax 23 -
Social security and other taxes 557 598
VAT 937 374
Directors' current accounts 36,488 29,038
Accrued expenses 1,027 997
52,190 44,809

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 12,502 22,501
22,502 32,501

GHARU'S SUPERSTORE LIMITED (REGISTERED NUMBER: 03987891)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2023 and 31 May 2022:

31.5.23 31.5.22
£    £   
H R Gharu
Balance outstanding at start of year 14,519 9,278
Amounts advanced 3,725 5,241
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,244 14,519

Mrs K Gharu
Balance outstanding at start of year 14,519 9,279
Amounts advanced 3,725 5,240
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,244 14,519