Registered number
08602136
ONE WAY SUPERMARKET LIMITED
Filleted Accounts
31 July 2023
ONE WAY SUPERMARKET LIMITED
Registered number: 08602136
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3,162 3,952
Current assets
Debtors 4 1,017 1,017
Cash at bank and in hand 32,099 30,495
33,116 31,512
Creditors: amounts falling due within one year 5 (13,470) (4,546)
Net current assets 19,646 26,966
Total assets less current liabilities 22,808 30,918
Creditors: amounts falling due after more than one year 6 (22,578) (27,751)
Net assets 230 3,167
Capital and reserves
Called up share capital 1 1
Profit and loss account 229 3,166
Shareholder's funds 230 3,167
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Hamit Kircal
Director
Approved by the board on 30 July 2024
ONE WAY SUPERMARKET LIMITED
Notes to the Accounts
for the year ended 31 July 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. 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.
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 over 5 years
Motor vehicles over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2022 15,000 8,695 23,695
At 31 July 2023 15,000 8,695 23,695
Depreciation
At 1 August 2022 15,000 4,743 19,743
Charge for the year - 790 790
At 31 July 2023 15,000 5,533 20,533
Net book value
At 31 July 2023 - 3,162 3,162
At 31 July 2022 - 3,952 3,952
4 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 1,017 1,017
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,736 3,206
Taxation and social security costs 1,666 1,161
Other creditors 10,068 179
13,470 4,546
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 22,578 27,751
7 Other information
ONE WAY SUPERMARKET LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
1f Cardigan Road
Bournemouth
Dorset
UK
BH9 1BJ
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