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
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
THE SOUK SUPERMARKET LTD
Statement of financial position
as at 30 June 2023
Tangible assets
59,023
77,416
Inventories
209,427
74,870
Cash at bank and in hand
76,242
18,652
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)
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
THE SOUK SUPERMARKET LTD
Notes to the Accounts
for the year ended 30 June 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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 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.
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
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
At 30 June 2023
53,919
2,518
2,586
59,023
At 30 June 2022
71,914
3,892
1,610
77,416
Amounts falling due within one year
Trade debtors
15,578
11,614
Accrued income and prepayments
21,013
22,732
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
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
192,600
246,000
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).