Caseware UK (AP4) 2023.0.135 2023.0.135 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-09-01falseNo description of principal activity910falsetruefalse 11850196 2022-09-01 2023-08-31 11850196 2021-09-01 2022-08-31 11850196 2023-08-31 11850196 2022-08-31 11850196 c:Director1 2022-09-01 2023-08-31 11850196 c:Director1 2023-08-31 11850196 c:Director2 2022-09-01 2023-08-31 11850196 c:RegisteredOffice 2022-09-01 2023-08-31 11850196 d:CurrentFinancialInstruments 2023-08-31 11850196 d:CurrentFinancialInstruments 2022-08-31 11850196 d:Non-currentFinancialInstruments 2023-08-31 11850196 d:Non-currentFinancialInstruments 2022-08-31 11850196 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 11850196 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 11850196 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 11850196 d:Non-currentFinancialInstruments d:AfterOneYear 2022-08-31 11850196 d:ShareCapital 2023-08-31 11850196 d:ShareCapital 2022-08-31 11850196 d:RetainedEarningsAccumulatedLosses 2023-08-31 11850196 d:RetainedEarningsAccumulatedLosses 2022-08-31 11850196 c:OrdinaryShareClass1 2022-09-01 2023-08-31 11850196 c:OrdinaryShareClass1 2023-08-31 11850196 c:OrdinaryShareClass1 2022-08-31 11850196 c:FRS102 2022-09-01 2023-08-31 11850196 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 11850196 c:AbridgedAccounts 2022-09-01 2023-08-31 11850196 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 11850196 e:PoundSterling 2022-09-01 2023-08-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 11850196










FLAVA SUPERMARKET LTD

Unaudited
Financial statements
Information for filing with the registrar
For the year ended 31 August 2023

 
FLAVA SUPERMARKET LTD
 

Company Information


Directors
A T Perry (resigned 15 August 2024)
S Pearson 




Registered number
11850196



Registered office
Retford Enterprise
Randall Way

Retford

DN22 7GR





 
FLAVA SUPERMARKET LTD
Registered number: 11850196

Balance sheet
As at 31 August 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
52,250
51,387

Debtors
 4 
52,177
99,168

Cash at bank and in hand
  
17,916
27,833

  
122,343
178,388

Creditors: amounts falling due within one year
 5 
(91,085)
(123,088)

Net current assets
  
 
 
31,258
 
 
55,300

Total assets less current liabilities
  
31,258
55,300

Creditors: amounts falling due after more than one year
  
(17,497)
(25,117)

Net assets
  
13,761
30,183


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
13,661
30,083

  
13,761
30,183


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 August 2024.




S Pearson
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
FLAVA SUPERMARKET LTD
 

 
Notes to the financial statements
For the year ended 31 August 2023

1.


General information

Flava Supermarket Limited is a private company limited by shares incorporated in England within the United Kingdom.  The registered office address is given on the Company Information page of these financial statements.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 2

 
FLAVA SUPERMARKET LTD
 

 
Notes to the financial statements
For the year ended 31 August 2023

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 3

 
FLAVA SUPERMARKET LTD
 

 
Notes to the financial statements
For the year ended 31 August 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2022 - 10).


4.


Debtors

2023
2022
£
£


Trade debtors
37,809
69,327

Other debtors
14,368
29,841

52,177
99,168



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
11,000

Payments received on account
7,388
60,313

Trade creditors
29,556
9,459

Amounts owed to related parties
40,250
35,000

Taxation and social security
2,278
5,638

Other creditors
548
613

Accruals and deferred income
1,065
1,065

91,085
123,088



6.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
17,497
25,117

17,497
25,117



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



Page 4