Registered number
05627847
Amer Superfresh Limited
Unaudited Filleted Accounts
30 November 2023
Amer Superfresh Limited
Registered number: 05627847
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 43,221 56,583
Tangible assets 4 778,732 778,103
821,953 834,686
Current assets
Stocks 96,822 77,042
Debtors 5 920,290 835,042
Cash at bank and in hand 380,627 222,090
1,397,739 1,134,174
Creditors: amounts falling due within one year 6 (1,036,814) (780,419)
Net current assets 360,925 353,755
Total assets less current liabilities 1,182,878 1,188,441
Creditors: amounts falling due after more than one year 7 (63,047) (109,375)
Provisions for liabilities (2,671) (1,911)
Net assets 1,117,160 1,077,155
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 1,116,160 1,076,155
Shareholders' funds 1,117,160 1,077,155
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.
Mr. R. Ali
Director
Approved by the board on 19 August 2024
Amer Superfresh Limited
Notes to the Accounts
for the year ended 30 November 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 value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Commercial vehicles 25% reducing balance
Fixtures, fittings, tools and equipment 20% reducing balance
Investment Property
Investment property is included at fair value. Gains are recognised in the Income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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 14 13
3 Intangible fixed assets £
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
Cost
At 1 December 2022 267,234
Additions -
Disposals -
At 30 November 2023 267,234
Amortisation
At 1 December 2022 210,651
Provided during the year 13,362
On disposals -
At 30 November 2023 224,013
Net book value
At 30 November 2023 43,221
At 30 November 2022 56,583
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Investment property Plant and machinery Motor vehicles Total
£ £ £ £
Cost or valuation
At 1 December 2022 768,047 98,026 7,731 873,804
Additions - 3,300 - 3,300
Surplus on revaluation - - - -
Disposals - - - -
At 30 November 2023 768,047 101,326 7,731 877,104
Depreciation
At 1 December 2022 - 88,033 7,668 95,701
Charge for the year - 2,658 13 2,671
Surplus on revaluation - - - -
On disposals - - - -
At 30 November 2023 - 90,691 7,681 98,372
Net book value
At 30 November 2023 768,047 10,635 50 778,732
At 30 November 2022 768,047 9,993 63 778,103
Freehold land and buildings: 2023 2022
£ £
Historical cost 768,047 768,047
768,047 768,047
The directors are in the opinion that the fair value of the investment properties has remained the same as acquisition costs. This opinion was ascertained based on similar properties in the locality and reviews conducted on an open market valuation of a freehold basis.
5 Debtors 2023 2022
£ £
Trade debtors 772,886 708,817
Other debtors 147,404 126,225
920,290 835,042
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 43,750 43,750
Trade creditors 1,021,732 801,812
Taxation and social security costs 9,400 30,418
Other creditors (38,068) (95,561)
1,036,814 780,419
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 63,047 109,375
63,047 109,375
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Director 98,801 22,390 (79,722) 41,469
98,801 22,390 (79,722) 41,469
9 Other information
Amer Superfresh Limited is a private company limited by shares and incorporated in England. Its registered office is:
108 New Spitalfield Market
1 Sherrin Road
London
E10 5SJ
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