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REGISTERED NUMBER: 08461465 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st October 2023

for

International Supermarket Ltd

International Supermarket Ltd (Registered number: 08461465)






Contents of the Financial Statements
for the Year Ended 31st October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


International Supermarket Ltd

Company Information
for the Year Ended 31st October 2023







DIRECTOR: Mr A Kagantekin





SECRETARY:





REGISTERED OFFICE: 244 Plumstead High Street
Plumstead
London
SE18 1JN





REGISTERED NUMBER: 08461465 (England and Wales)





ACCOUNTANTS: R I Mehmet & Co
Chartered Certified Accountants
312a Westwood Lane
Woodman Parade
Sidcup
Kent
DA15 9PT

International Supermarket Ltd (Registered number: 08461465)

Balance Sheet
31st October 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,640 15,640
Tangible assets 5 13,200 20,150
28,840 35,790

CURRENT ASSETS
Stocks 136,250 98,620
Debtors 6 119,725 97,639
Prepayments and accrued income - 5,175
Cash at bank and in hand 400,002 412,892
655,977 614,326
CREDITORS
Amounts falling due within one year 7 152,690 164,210
NET CURRENT ASSETS 503,287 450,116
TOTAL ASSETS LESS CURRENT
LIABILITIES

532,127

485,906

PROVISIONS FOR LIABILITIES 2,796 2,050
NET ASSETS 529,331 483,856

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 528,831 483,356
SHAREHOLDERS' FUNDS 529,331 483,856

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

International Supermarket Ltd (Registered number: 08461465)

Balance Sheet - continued
31st October 2023


The 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.

The financial statements were approved by the director and authorised for issue on 3rd July 2024 and were signed by:





Mr A Kagantekin - Director


International Supermarket Ltd (Registered number: 08461465)

Notes to the Financial Statements
for the Year Ended 31st October 2023

1. STATUTORY INFORMATION

International Supermarket Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

International Supermarket Ltd (Registered number: 08461465)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st November 2022
and 31st October 2023 19,500
AMORTISATION
At 1st November 2022
and 31st October 2023 3,860
NET BOOK VALUE
At 31st October 2023 15,640
At 31st October 2022 15,640

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2022 126,083
Additions 2,000
At 31st October 2023 128,083
DEPRECIATION
At 1st November 2022 105,933
Charge for year 8,950
At 31st October 2023 114,883
NET BOOK VALUE
At 31st October 2023 13,200
At 31st October 2022 20,150

6. DEBTORS
31/10/23 31/10/22
£    £   
Amounts falling due within one year:
Other debtors 57,849 46,974

International Supermarket Ltd (Registered number: 08461465)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2023

6. DEBTORS - continued
31/10/23 31/10/22
£    £   
Amounts falling due after more than one year:
Amounts owed by associates 35,711 24,500
Other debtors 26,165 26,165
61,876 50,665

Aggregate amounts 119,725 97,639

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade creditors 72,073 38,101
Taxation and social security 31,890 44,549
Other creditors 48,727 81,560
152,690 164,210