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Registered Number: 14110368
England and Wales

 

 

 

SHARP SHOP MINI MARKET LTD


Abridged Accounts
 


Period of accounts

Start date: 16 May 2022

End date: 31 May 2023
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 May 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Dinson Accountants Limited
31 May 2023



....................................................
Dinson Accountants Limited
63-67 St Peter's Street
Castle Cavendish Centre
Nottingham
NG7 3EN
14 March 2024
1
 
 
Notes
 
2023
£
Fixed assets    
Tangible fixed assets 3 12,300 
12,300 
Current assets    
Stocks 15,000 
Cash at bank and in hand 5,141 
20,141 
Creditors: amount falling due within one year (8,688)
Net current assets 11,453 
 
Total assets less current liabilities 23,753 
Creditors: amount falling due after more than one year (19,448)
Net assets 4,305 
 

Capital and reserves
   
Called up share capital 4 100 
Profit and loss account 4,205 
Shareholder's funds 4,305 
 


For the period ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 14 March 2024 and were signed by:


-------------------------------
Osman Arf MOHAMMED
Director
2
General Information
Sharp Shop Mini Market Ltd is a private company, limited by shares, registered in England and Wales, registration number 14110368, registration address 53 Sherbrook Road, Daybrook, Nottingham, NG5 6AL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 18% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the period was 2.
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 16 May 2022  
Additions 15,000    15,000 
Disposals  
At 31 May 2023 15,000    15,000 
Depreciation
At 16 May 2022  
Charge for period 2,700    2,700 
On disposals  
At 31 May 2023 2,700    2,700 
Net book values
Closing balance as at 31 May 2023 12,300    12,300 
Opening balance as at 16 May 2022  


4.

Share Capital

Allotted, called up and fully paid
2023
£
100 Class A shares of £1.00 each 100 
100 

3