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REGISTERED NUMBER: 12754032 (England and Wales)















Financial Statements for the Year Ended 31 July 2023

for

Almys Supermarket Ltd

Almys Supermarket Ltd (Registered number: 12754032)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Almys Supermarket Ltd (Registered number: 12754032)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £ £
Fixed assets
Tangible assets 4 138,378 153,753

Current assets
Stocks 5 171,842 106,841
Debtors 6 - 2,910
Cash at bank 52,116 44,895
223,958 154,646
Creditors
Amounts falling due within one year 7 (343,202 ) (358,097 )
Net current liabilities (119,244 ) (203,451 )
Total assets less current liabilities 19,134 (49,698 )

Capital and reserves
Called up share capital 100 100
Retained earnings 9 19,034 (49,798 )
Shareholders' funds 19,134 (49,698 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Almys Supermarket Ltd (Registered number: 12754032)

Balance Sheet - continued
31 July 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 7 March 2024 and were signed by:





Muhammad Hamid - Director


Almys Supermarket Ltd (Registered number: 12754032)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. Statutory information

Almys Supermarket Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12754032

Registered office: Marshall House, Suite 21-25
124 Middleton Road
Morden
Surrey
SM4 6RW

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.


Almys Supermarket Ltd (Registered number: 12754032)

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

2. Accounting policies - continued
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.

3. Employees and directors

The average number of employees during the year was 13 (2022 - 10 ) .

4. Tangible fixed assets
Fixtures
Plant and and
machinery fittings Totals
£ £ £
Cost
At 1 August 2022
and 31 July 2023 40,837 130,000 170,837
Depreciation
At 1 August 2022 4,084 13,000 17,084
Charge for year 3,675 11,700 15,375
At 31 July 2023 7,759 24,700 32,459
Net book value
At 31 July 2023 33,078 105,300 138,378
At 31 July 2022 36,753 117,000 153,753

5. Stocks
31.7.23 31.7.22
£ £
Finished goods 171,842 106,841

6. Debtors: amounts falling due within one year
31.7.23 31.7.22
£ £
VAT - 2,910

Almys Supermarket Ltd (Registered number: 12754032)

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

7. Creditors: amounts falling due within one year
31.7.23 31.7.22
£ £
Other loans (see note 8) 50,000 50,000
Social security and other taxes 232 762
VAT 185 -
Other creditors 292,785 307,335
343,202 358,097

8. Loans

An analysis of the maturity of loans is given below:

31.7.23 31.7.22
£ £
Amounts falling due within one year or on demand:
Other loans 50,000 50,000

9. Reserves
Retained
earnings
£

At 1 August 2022 (49,798 )
Profit for the year 68,832
At 31 July 2023 19,034