08713911falseEast-eu grocery shop2022-11-012023-10-31http://www.companieshouse.gov.uk/2022-10-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-10-31http://www.companieshouse.gov.uk/cd:Director12022-11-012023-10-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-10-31http://www.companieshouse.gov.uk/cd:Director22022-11-012023-10-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-11-012023-10-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-11-012023-10-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-11-012023-10-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-10-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-10-31http://www.companieshouse.gov.uk/2022-11-012023-10-31http://www.companieshouse.gov.uk/2022-10-31http://www.companieshouse.gov.uk/cd:FRS1022022-11-012023-10-31http://www.companieshouse.gov.uk/2023-10-31http://www.companieshouse.gov.uk/cd:FullAccounts2022-11-012023-10-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-11-012023-10-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 08713911

S.E.T. MARKET LTD

ACCOUNTS
FOR THE YEAR ENDED 31/10/2023

Prepared By:
BR Accountants LTD
14a
Mary Rose Mall
Beckton
London
E6 5LX

S.E.T. MARKET LTD

ACCOUNTS
FOR THE YEAR ENDED 31/10/2023
DIRECTORS
Sergiu CERNEVSCHI
Oleh ZINCHUK
REGISTERED OFFICE
745 Eastern Avenue
London
IG2 7RT
COMPANY DETAILS
Private company limited by shares registered in Englang and Wales, registered number 08713911
ACCOUNTANTS
BR Accountants LTD
14a
Mary Rose Mall
Beckton
London
E6 5LX

S.E.T. MARKET LTD

ACCOUNTS
FOR THEYEARENDED31/10/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

S.E.T. MARKET LTD

BALANCE SHEET AT 31/10/2023
20232022
Notes££
FIXED ASSETS
Tangible assets310,44412,736
CURRENT ASSETS
Stock60,34340,983
Debtors581,03481,200
Cash at bank and in hand196,947164,677
338,324286,860
CREDITORS: Amounts falling due within one year677,46970,889
NET CURRENT ASSETS260,855215,971
TOTAL ASSETS LESS CURRENT LIABILITIES271,299228,707
CAPITAL AND RESERVES
Called up share capital722
Profit and loss account271,297228,705
SHAREHOLDERS' FUNDS271,299228,707
For the year ending 31/10/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 31/07/2024 and signed on their behalf by
.............................
Sergiu CERNEVSCHI
Director
.............................
Oleh ZINCHUK

S.E.T. MARKET LTD

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery %
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20232022
No.No.
Average number of employees55
3. TANGIBLE FIXED ASSETS
Plant and
Machinery Etc.Total
££
Cost
At 01/11/202212,73612,736
At 31/10/202312,73612,736
Depreciation
For the year2,2922,292
At 31/10/20232,2922,292
Net Book Amounts
At 31/10/202310,44410,444
At 31/10/202212,73612,736

S.E.T. MARKET LTD

4. STOCK 20232022
££
Stock comprises:
Stock60,34340,983
60,34340,983
5. DEBTORS 20232022
££
Amounts falling due within one year:
VAT-166
Other debtors81,03481,034
81,03481,200
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Trade creditors5,133-
Taxation and social security13,21811,771
Other creditors59,11859,118
77,46970,889
7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22