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Company No: 13239372 (England and Wales)

SUPERCO HOLDINGS LTD

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

SUPERCO HOLDINGS LTD

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

SUPERCO HOLDINGS LTD

STATEMENT OF FINANCIAL POSITION

As at 31 March 2024
SUPERCO HOLDINGS LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 6,080 8,017
6,080 8,017
Current assets
Debtors 5 89,929 250,782
Cash at bank and in hand 269,955 227,356
359,884 478,138
Creditors: amounts falling due within one year 6 ( 151,631) ( 274,247)
Net current assets 208,253 203,891
Total assets less current liabilities 214,333 211,908
Net assets 214,333 211,908
Capital and reserves
Called-up share capital 8 102 102
Profit and loss account 214,231 211,806
Total shareholders' funds 214,333 211,908

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Superco Holdings Ltd (registered number: 13239372) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Thomas Carew
Director
Thomas Mucklow
Director

16 September 2024

SUPERCO HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
SUPERCO HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Superco Holdings Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 9 6

3. Dividends on equity shares

2024 2023
£ £
Amounts recognised as distributions to equity holders in the financial year:
Final dividend for the financial year ended 31 March 2024 of £60,000 (2023: £60,000) per ordinary share 60,000 60,000

4. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 April 2023 15,163 15,163
Additions 3,914 3,914
At 31 March 2024 19,077 19,077
Accumulated depreciation
At 01 April 2023 7,146 7,146
Charge for the financial year 5,851 5,851
At 31 March 2024 12,997 12,997
Net book value
At 31 March 2024 6,080 6,080
At 31 March 2023 8,017 8,017

5. Debtors

2024 2023
£ £
Trade debtors 89,137 245,515
Other debtors 792 5,267
89,929 250,782

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 10,458 3,783
Taxation and social security 94,423 120,320
Other creditors 46,750 150,144
151,631 274,247

7. Deferred tax

2024 2023
£ £
At the beginning of financial year 0 0
Charged to the Statement of Income and Retained Earnings ( 1,520) 0
At the end of financial year ( 1,520) 0

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100
1 Ordinary B share of £ 1.00 1 1
1 Ordinary C share of £ 1.00 1 1
102 102