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REGISTERED NUMBER: 06903385 (England and Wales)


Financial Statements for the Year Ended 30 June 2023

for

Quality Supermarket UK Limited

Quality Supermarket UK Limited (Registered number: 06903385)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Quality Supermarket UK Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr Gurmeet Singh Arora
Mrs Amarjeet Kaur Arora





SECRETARY: Mrs Amarjeet Kaur Arora





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
West Midlands
CV6 4AD





REGISTERED NUMBER: 06903385 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Quality Supermarket UK Limited (Registered number: 06903385)

Statement of Financial Position
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 25,325 25,325
Property, plant and equipment 5 17,496 23,328
42,821 48,653

CURRENT ASSETS
Inventories 25,298 46,730
Debtors 6 76,330 61,567
Cash at bank and in hand 5,915 3,709
107,543 112,006
CREDITORS
Amounts falling due within one year 7 100,152 102,030
NET CURRENT ASSETS 7,391 9,976
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,212

58,629

CREDITORS
Amounts falling due after more than one
year

8

49,674

58,361
NET ASSETS 538 268

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 536 266
SHAREHOLDERS' FUNDS 538 268

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Quality Supermarket UK Limited (Registered number: 06903385)

Statement of Financial Position - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 March 2024 and were signed on its behalf by:




Mr Gurmeet Singh Arora - Director



Mrs Amarjeet Kaur Arora - Director


Quality Supermarket UK Limited (Registered number: 06903385)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Quality Supermarket UK 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 represents net value of sales, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 25,325
NET BOOK VALUE
At 30 June 2023 25,325
At 30 June 2022 25,325

Quality Supermarket UK Limited (Registered number: 06903385)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 2 58,007 58,009
DEPRECIATION
At 1 July 2022 - 34,681 34,681
Charge for year - 5,832 5,832
At 30 June 2023 - 40,513 40,513
NET BOOK VALUE
At 30 June 2023 2 17,494 17,496
At 30 June 2022 2 23,326 23,328

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 76,330 61,567

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 9,999 9,861
Trade creditors 44,746 44,047
Taxation and social security 8,112 6,495
Other creditors 37,295 41,627
100,152 102,030

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 39,398 44,562
Hire purchase contracts 10,276 13,799
49,674 58,361

Quality Supermarket UK Limited (Registered number: 06903385)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
2 Ordinary £1 2 2

10. RELATED PARTY DISCLOSURES

During the year, the Company has paid rent of £20,540 (2022: £20,540) in respect of use of business property owned by the directors