IRIS Accounts Production v24.2.0.383 12091483 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh120914832022-12-31120914832023-12-31120914832023-01-012023-12-31120914832021-12-31120914832022-01-012022-12-31120914832022-12-3112091483ns15:EnglandWales2023-01-012023-12-3112091483ns14:PoundSterling2023-01-012023-12-3112091483ns10:Director12023-01-012023-12-3112091483ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3112091483ns10:SmallEntities2023-01-012023-12-3112091483ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3112091483ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3112091483ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3112091483ns10:FullAccounts2023-01-012023-12-311209148312023-01-012023-12-3112091483ns10:OrdinaryShareClass12023-01-012023-12-3112091483ns10:Director22023-01-012023-12-3112091483ns10:RegisteredOffice2023-01-012023-12-3112091483ns5:CurrentFinancialInstruments2023-12-3112091483ns5:CurrentFinancialInstruments2022-12-3112091483ns5:Non-currentFinancialInstruments2023-12-3112091483ns5:Non-currentFinancialInstruments2022-12-3112091483ns5:ShareCapital2023-12-3112091483ns5:ShareCapital2022-12-3112091483ns5:RetainedEarningsAccumulatedLosses2023-12-3112091483ns5:RetainedEarningsAccumulatedLosses2022-12-3112091483ns5:NetGoodwill2023-01-012023-12-3112091483ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3112091483ns5:FurnitureFittings2023-01-012023-12-3112091483ns5:MotorVehicles2023-01-012023-12-3112091483ns5:ComputerEquipment2023-01-012023-12-3112091483ns5:NetGoodwill2022-12-3112091483ns5:NetGoodwill2023-12-3112091483ns5:NetGoodwill2022-12-3112091483ns5:FurnitureFittings2022-12-3112091483ns5:MotorVehicles2022-12-3112091483ns5:ComputerEquipment2022-12-3112091483ns5:FurnitureFittings2023-12-3112091483ns5:MotorVehicles2023-12-3112091483ns5:ComputerEquipment2023-12-3112091483ns5:FurnitureFittings2022-12-3112091483ns5:MotorVehicles2022-12-3112091483ns5:ComputerEquipment2022-12-3112091483ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3112091483ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-3112091483ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 12091483 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

KERAI MINI MARKET LTD

KERAI MINI MARKET LTD (REGISTERED NUMBER: 12091483)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KERAI MINI MARKET LTD

COMPANY INFORMATION
for the Year Ended 31st December 2023







Directors: M Kerai
Mrs B M Kerai





Registered office: 54-56 Westminster Road
Failsworth
Manchester
Greater Manchester
M35 9LQ





Registered number: 12091483 (England and Wales)





Accountants: DBF Associates
Chartered Accountants
South Cheetham B C
10 Park Place
Manchester
Lancashire
M4 4EY

KERAI MINI MARKET LTD (REGISTERED NUMBER: 12091483)

BALANCE SHEET
31st December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 51,000 54,000
Tangible assets 5 90,636 9,416
141,636 63,416

Current assets
Stocks 75,162 60,247
Debtors 6 5,000 5,000
Cash at bank and in hand 13,196 20,969
93,358 86,216
Creditors
Amounts falling due within one year 7 54,754 56,497
Net current assets 38,604 29,719
Total assets less current liabilities 180,240 93,135

Creditors
Amounts falling due after more than one year 8 147,352 91,577
Net assets 32,888 1,558

Capital and reserves
Called up share capital 9 100 100
Retained earnings 32,788 1,458
Shareholders' funds 32,888 1,558

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

KERAI MINI MARKET LTD (REGISTERED NUMBER: 12091483)

BALANCE SHEET - continued
31st December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th August 2024 and were signed on its behalf by:





M Kerai - Director


KERAI MINI MARKET LTD (REGISTERED NUMBER: 12091483)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023

1. Statutory information

Kerai Mini Market Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 18% on reducing balance
Motor vehicles - 18% on reducing balance
Equipment - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. Employees and directors

The average number of employees during the year was 6 (2022 - 6 ) .

KERAI MINI MARKET LTD (REGISTERED NUMBER: 12091483)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023

4. Intangible fixed assets
Goodwill
£   
Cost
At 1st January 2023
and 31st December 2023 60,000
Amortisation
At 1st January 2023 6,000
Charge for year 3,000
At 31st December 2023 9,000
Net book value
At 31st December 2023 51,000
At 31st December 2022 54,000

5. Tangible fixed assets
Fixtures
and Motor
fittings vehicles Equipment Totals
£    £    £    £   
Cost
At 1st January 2023 13,933 1,000 383 15,316
Additions 5,000 81,940 4,519 91,459
At 31st December 2023 18,933 82,940 4,902 106,775
Depreciation
At 1st January 2023 5,283 449 168 5,900
Charge for year 2,457 6,599 1,183 10,239
At 31st December 2023 7,740 7,048 1,351 16,139
Net book value
At 31st December 2023 11,193 75,892 3,551 90,636
At 31st December 2022 8,650 551 215 9,416

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 5,000 5,000

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 39,502 35,838
Taxation and social security 12,602 18,139
Other creditors 2,650 2,520
54,754 56,497

KERAI MINI MARKET LTD (REGISTERED NUMBER: 12091483)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 64,869 82,825
Other creditors 82,483 8,752
147,352 91,577

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 64,869 82,825

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100