Registered number
08747145
MELISA SUPERMARKET LTD
Filleted Accounts
31 October 2023
MELISA SUPERMARKET LTD
Registered number: 08747145
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 4,654 5,817
Current assets
Stocks 58,813 50,267
Cash at bank and in hand 70,500 120,503
129,313 170,770
Creditors: amounts falling due within one year 4 (112,569) (165,975)
Net current assets 16,744 4,795
Net assets 21,398 10,612
Capital and reserves
Called up share capital 1 1
Profit and loss account 21,397 10,611
Shareholders' funds 21,398 10,612
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Onder Bingol
Director
Approved by the board on 29 July 2024
MELISA SUPERMARKET LTD
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Vehicle 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Equipment, fixtures and fittings etc Motor vehicles Total
£ £ £
Cost
At 1 November 2022 8,800 5,346 14,146
At 31 October 2023 8,800 5,346 14,146
Depreciation
At 1 November 2022 7,260 1,069 8,329
Charge for the year 368 795 1,163
At 31 October 2023 7,628 1,864 9,492
Net book value
At 31 October 2023 1,172 3,482 4,654
At 31 October 2022 1,540 4,277 5,817
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 91,790 92,545
Taxation and social security costs 3,697 3,482
Other creditors 17,082 69,948
112,569 165,975
5 Events after the reporting date
In 2020 Accounts proposed dividend £25,000 (from 2019 ) shown as paid but actually
shown in directors tax return and paid in 2021.
6 Controlling party
Onder Bingol
7 Other information
MELISA SUPERMARKET LTD is a private company limited by shares and incorporated in England. Its registered office is:
95 Grosvenor Avenue
London
N5 2NL
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