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REGISTERED NUMBER: 06817319 (England and Wales)


Financial Statements for the Year Ended 31 January 2024

for

Price Cutter Supermarket Limited

Price Cutter Supermarket Limited (Registered number: 06817319)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Price Cutter Supermarket Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr Harlok Singh Arora
Mrs Ragbeer Kaur Arora





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
West Midlands
CV6 4AD





REGISTERED NUMBER: 06817319 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Price Cutter Supermarket Limited (Registered number: 06817319)

Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 98,521 98,521
Property, plant and equipment 5 2,266 2,832
100,787 101,353

CURRENT ASSETS
Inventories 25,006 24,947
Debtors 6 711 -
Cash at bank and in hand 7,295 8,773
33,012 33,720
CREDITORS
Amounts falling due within one year 7 132,053 130,917
NET CURRENT LIABILITIES (99,041 ) (97,197 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,746

4,156

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 1,744 4,154
SHAREHOLDERS' FUNDS 1,746 4,156

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Price Cutter Supermarket Limited (Registered number: 06817319)

Statement of Financial Position - continued
31 January 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by:





Mr Harlok Singh Arora - Director


Price Cutter Supermarket Limited (Registered number: 06817319)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Price Cutter Supermarket Limited 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 represents net sales value of goods, excluding value added tax.

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.
Plant and machinery etc - 20% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 98,521
NET BOOK VALUE
At 31 January 2024 98,521
At 31 January 2023 98,521

Price Cutter Supermarket Limited (Registered number: 06817319)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 1 28,603 28,604
DEPRECIATION
At 1 February 2023 - 25,772 25,772
Charge for year - 566 566
At 31 January 2024 - 26,338 26,338
NET BOOK VALUE
At 31 January 2024 1 2,265 2,266
At 31 January 2023 1 2,831 2,832

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 711 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 15,039 6,336
Taxation and social security 4,970 6,997
Other creditors 112,044 117,584
132,053 130,917

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
2 Ordinary £1 2 2

9. RELATED PARTY DISCLOSURES

During the year, the Company has paid rent of £15,000 (2023: £15,000) in respect of use of business property owned by the directors.