Company Registration No. 09113903 (England and Wales)
AVESTA SUPERMARKET LIMITED
Unaudited accounts
for the year ended 31 July 2023
AVESTA SUPERMARKET LIMITED
Unaudited accounts
Contents
AVESTA SUPERMARKET LIMITED
Company Information
for the year ended 31 July 2023
Company Number
09113903 (England and Wales)
Registered Office
221 LEA BRIDGE ROAD
LONDON
E10 7NE
Accountants
ALTUN & CO
GROUND FLOOR
285 FORE STREET
EDMONTON
LONDON
N9 0PD
AVESTA SUPERMARKET LIMITED
Statement of financial position
as at 31 July 2023
Tangible assets
59,884
70,086
Inventories
105,830
95,780
Cash at bank and in hand
10,154
15,346
Creditors: amounts falling due within one year
(110,520)
(97,595)
Net current assets
13,275
24,544
Total assets less current liabilities
73,159
94,630
Creditors: amounts falling due after more than one year
(32,589)
(47,726)
Called up share capital
100
100
Profit and loss account
40,470
46,804
Shareholders' funds
40,570
46,904
For the year ending 31 July 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 director acknowledges his 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 and authorised for issue on 3 April 2024 and were signed on its behalf by
M TAHTA
Director
Company Registration No. 09113903
AVESTA SUPERMARKET LIMITED
Notes to the Accounts
for the year ended 31 July 2023
AVESTA SUPERMARKET LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09113903. The registered office is 221 LEA BRIDGE ROAD, LONDON, E10 7NE.
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.
Sales represents amounts receivable for goods and services provided in the United Kingdom excluding value added tax.
Tangible fixed assets policy
Depreciation is calculated to write off the cost or valuation of fixtures, fittings and equipment over their estimated useful lives on writing down value basis as follows:
Plant & machinery
10% on a reducing balance basis.
Motor vehicles
25% on a Straight Line basis.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 August 2022
79,736
31,824
111,560
At 31 July 2023
83,260
31,824
115,084
At 1 August 2022
25,562
15,912
41,474
Charge for the year
5,770
7,956
13,726
At 31 July 2023
31,332
23,868
55,200
At 31 July 2023
51,928
7,956
59,884
At 31 July 2022
54,174
15,912
70,086
AVESTA SUPERMARKET LIMITED
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
Accrued income and prepayments
4,038
4,865
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,648
12,552
Obligations under finance leases and hire purchase contracts
5,352
5,352
Trade creditors
61,150
20,258
Taxes and social security
5,526
5,527
Other creditors
6,742
8,816
Loans from directors
18,484
43,084
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
14,133
19,487
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 9 (2022: 8).