Company Registration No. 11702644 (England and Wales)
MATHA SUPERMARKET LTD
Unaudited accounts
for the year ended 30 November 2023
MATHA SUPERMARKET LTD
Unaudited accounts
Contents
MATHA SUPERMARKET LTD
Company Information
for the year ended 30 November 2023
Company Number
11702644 (England and Wales)
Registered Office
UNIT 6, TRADE CITY
21 MONTROSE ROAD
CHELMSFORD
ESSEX
CM2 6TE
ENGLAND
Accountants
Accountingpreneur Limited
Second Floor
26 Goodge Street
Fitzrovia
London
W1T 2QG
MATHA SUPERMARKET LTD
Statement of financial position
as at 30 November 2023
Tangible assets
370,330
375,971
Inventories
173,000
103,288
Cash at bank and in hand
75,210
70,576
Creditors: amounts falling due within one year
(779,540)
(809,650)
Net current liabilities
(298,015)
(309,651)
Total assets less current liabilities
72,315
66,320
Creditors: amounts falling due after more than one year
(37,808)
(44,850)
Called up share capital
3
3
Profit and loss account
34,504
21,467
Shareholders' funds
34,507
21,470
For the year ending 30 November 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 August 2024 and were signed on its behalf by
Vesly KARUPPIAH
Director
Company Registration No. 11702644
MATHA SUPERMARKET LTD
Notes to the Accounts
for the year ended 30 November 2023
MATHA SUPERMARKET LTD is a private company, limited by shares, registered in England and Wales, registration number 11702644. The registered office is UNIT 6, TRADE CITY, 21 MONTROSE ROAD, CHELMSFORD, ESSEX, CM2 6TE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% straight line
Motor vehicles
10% straight line
Fixtures & fittings
10% straight line
Computer equipment
10% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
MATHA SUPERMARKET LTD
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 December 2022
93,061
159,843
39,033
124,834
25,115
441,886
Additions
9,813
20,076
-
-
362
30,251
At 30 November 2023
102,874
179,919
39,033
124,834
25,477
472,137
At 1 December 2022
-
31,402
11,865
19,132
3,516
65,915
Charge for the year
-
16,904
3,903
12,483
2,602
35,892
At 30 November 2023
-
48,306
15,768
31,615
6,118
101,807
At 30 November 2023
102,874
131,613
23,265
93,219
19,359
370,330
At 30 November 2022
93,061
128,441
27,168
105,702
21,599
375,971
Amounts falling due within one year
Amounts due from group undertakings etc.
124,617
75,362
Accrued income and prepayments
57,532
42,000
Other debtors
7,820
137,121
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
9,434
11,581
Trade creditors
443,728
456,403
Amounts owed to group undertakings and other participating interests
205,363
243,030
Taxes and social security
26,353
45,476
Other creditors
74,791
39,541
Loans from directors
7,242
11,119
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 7 (2022: 7).