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Company Registration No. 12171620 (England and Wales)
THE SOUK SUPERMARKET LTD Unaudited accounts for the year ended 30 June 2023
THE SOUK SUPERMARKET LTD Unaudited accounts Contents
Page
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THE SOUK SUPERMARKET LTD Company Information for the year ended 30 June 2023
Directors
Anas Zein AL-Abdeen Esam Shommakhi
Company Number
12171620 (England and Wales)
Registered Office
DAMASCENA 5-7 TEMPLE ROW WEST GROUND FLOOR BIRMINGHAM B2 5NY ENGLAND
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THE SOUK SUPERMARKET LTD Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
59,023 
77,416 
Current assets
Inventories
209,427 
74,870 
Debtors
43,193 
40,650 
Cash at bank and in hand
76,242 
18,652 
328,862 
134,172 
Creditors: amounts falling due within one year
(217,962)
(127,639)
Net current assets
110,900 
6,533 
Total assets less current liabilities
169,923 
83,949 
Creditors: amounts falling due after more than one year
(192,600)
(246,000)
Net liabilities
(22,677)
(162,051)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(22,678)
(162,052)
Shareholders' funds
(22,677)
(162,051)
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 March 2024 and were signed on its behalf by
Anas Zein AL-Abdeen Director Company Registration No. 12171620
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THE SOUK SUPERMARKET LTD Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
THE SOUK SUPERMARKET LTD is a private company, limited by shares, registered in England and Wales, registration number 12171620. The registered office is DAMASCENA 5-7 TEMPLE ROW WEST, GROUND FLOOR, BIRMINGHAM, B2 5NY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Fixtures & fittings
20% Straight Line
Computer equipment
33.33% Straight Line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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THE SOUK SUPERMARKET LTD Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2022
95,640 
6,868 
3,084 
105,592 
Additions
1,359 
- 
2,363 
3,722 
At 30 June 2023
96,999 
6,868 
5,447 
109,314 
Depreciation
At 1 July 2022
23,726 
2,976 
1,474 
28,176 
Charge for the year
19,354 
1,374 
1,387 
22,115 
At 30 June 2023
43,080 
4,350 
2,861 
50,291 
Net book value
At 30 June 2023
53,919 
2,518 
2,586 
59,023 
At 30 June 2022
71,914 
3,892 
1,610 
77,416 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
6,602 
6,304 
Trade debtors
15,578 
11,614 
Accrued income and prepayments
21,013 
22,732 
43,193 
40,650 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
38,803 
43,985 
Trade creditors
147,199 
68,412 
Taxes and social security
- 
2,004 
Other creditors
14,999 
17,435 
Accruals
16,961 
(4,197)
217,962 
127,639 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
192,600 
246,000 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 10 (2022: 10).
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