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REGISTERED NUMBER: 05306867 (England and Wales)


Financial Statements for the Year Ended 30 November 2023

for

Pound Plus Supermarket (UK) Limited

Pound Plus Supermarket (UK) Limited (Registered number: 05306867)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Pound Plus Supermarket (UK) Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mr Dalil Singh Bedi





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





REGISTERED NUMBER: 05306867 (England and Wales)





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

Pound Plus Supermarket (UK) Limited (Registered number: 05306867)

Statement of Financial Position
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 13,096 15,422

CURRENT ASSETS
Inventories 44,558 44,495
Debtors 5 3,733 4,446
Cash at bank and in hand 8,578 2,809
56,869 51,750
CREDITORS
Amounts falling due within one year 6 35,856 20,845
NET CURRENT ASSETS 21,013 30,905
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,109

46,327

CREDITORS
Amounts falling due after more than one
year

7

32,300

45,835
NET ASSETS 1,809 492

CAPITAL AND RESERVES
Called up share capital 8 2 1
Retained earnings 1,807 491
SHAREHOLDERS' FUNDS 1,809 492

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Pound Plus Supermarket (UK) Limited (Registered number: 05306867)

Statement of Financial Position - continued
30 November 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 director and authorised for issue on 6 March 2024 and were signed by:





Mr Dalil Singh Bedi - Director


Pound Plus Supermarket (UK) Limited (Registered number: 05306867)

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

1. STATUTORY INFORMATION

Pound Plus 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 sales of goods,excluding value added tax.

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 - 20% 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 2 (2022 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 December 2022 22,960
Additions 949
At 30 November 2023 23,909
DEPRECIATION
At 1 December 2022 7,538
Charge for year 3,275
At 30 November 2023 10,813
NET BOOK VALUE
At 30 November 2023 13,096
At 30 November 2022 15,422

Pound Plus Supermarket (UK) Limited (Registered number: 05306867)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 1,806 2,519
Other debtors 1,927 1,927
3,733 4,446

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 21,184 9,426
Taxation and social security 7,508 8,302
Other creditors 7,164 3,117
35,856 20,845

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 25,000 35,076
Hire purchase contracts 7,300 10,759
32,300 45,835

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
2 Ordinary 1 2 1
(30.11.22 - 1 )

1 Ordinary share of 1 was issued during the year for cash of £ 1 .