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REGISTERED NUMBER: 07218364 (England and Wales)















Financial Statements

for the Year Ended 31 March 2024

for

Taj The Grocer Limited

Taj The Grocer Limited (Registered number: 07218364)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Taj The Grocer Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: Mrs N Khan
Mr A Khan
Mr S Khan





REGISTERED OFFICE: 98-99 Western Road
Brighton
East Sussex
BN1 2LB





REGISTERED NUMBER: 07218364 (England and Wales)





ACCOUNTANTS: KBMD Limited
Chartered Certified Accountants
Maple House
382 Kenton Road
Harrow
Middlesex
HA3 9DP

Taj The Grocer Limited (Registered number: 07218364)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £ £
FIXED ASSETS
Tangible assets 4 1,338,899 1,462,038

CURRENT ASSETS
Stocks 412,000 249,000
Debtors 5 177,482 189,521
Cash at bank and in hand 56,419 53,163
645,901 491,684
CREDITORS
Amounts falling due within one year 6 (1,559,207 ) (1,382,544 )
NET CURRENT LIABILITIES (913,306 ) (890,860 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

425,593

571,178

CREDITORS
Amounts falling due after more than one
year

7

(26,885

)

(50,727

)
NET ASSETS 398,708 520,451

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 398,608 520,351
SHAREHOLDERS' FUNDS 398,708 520,451

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

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

Taj The Grocer Limited (Registered number: 07218364)

Balance Sheet - continued
31 March 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 3 October 2024 and were signed on its behalf by:





Mr S Khan - Director


Taj The Grocer Limited (Registered number: 07218364)

Notes to the Financial Statements
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Taj The Grocer 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 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 Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 86 (2023 - 78 ) .

Taj The Grocer Limited (Registered number: 07218364)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Long Improvements Plant and
leasehold to property machinery
£ £ £
COST
At 1 April 2023 936,720 366,475 744,957
Additions - - -
At 31 March 2024 936,720 366,475 744,957
DEPRECIATION
At 1 April 2023 - 207,695 444,014
Charge for year - 31,756 75,236
At 31 March 2024 - 239,451 519,250
NET BOOK VALUE
At 31 March 2024 936,720 127,024 225,707
At 31 March 2023 936,720 158,780 300,943

Fixtures
and Motor
fittings vehicles Totals
£ £ £
COST
At 1 April 2023 164,190 72,058 2,284,400
Additions 336 - 336
At 31 March 2024 164,526 72,058 2,284,736
DEPRECIATION
At 1 April 2023 129,038 41,615 822,362
Charge for year 8,872 7,611 123,475
At 31 March 2024 137,910 49,226 945,837
NET BOOK VALUE
At 31 March 2024 26,616 22,832 1,338,899
At 31 March 2023 35,152 30,443 1,462,038

5. DEBTORS
31.3.24 31.3.23
£ £
Amounts falling due within one year:
Trade debtors 12,000 12,000
Other debtors 40,482 52,521
52,482 64,521

Taj The Grocer Limited (Registered number: 07218364)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


5. DEBTORS - continued
31.3.24 31.3.23
£ £
Amounts falling due after more than one year:
Other debtors 125,000 125,000

Aggregate amounts 177,482 189,521

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Bank loans and overdrafts 439 -
Hire purchase contracts 13,262 13,262
Trade creditors 1,048,285 1,025,755
Taxation and social security 131,712 112,203
Other creditors 365,509 231,324
1,559,207 1,382,544

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£ £
Bank loans 25,553 37,267
Hire purchase contracts 1,332 13,460
26,885 50,727

8. RELATED PARTY DISCLOSURES

The related party balance represents amounts due from Jo Jos Gelato Limited (£329,783), a company in which Mrs N Khan is a director and shareholder,

The related party balance represents amounts due to PMV Management Services Ltd (£391,748), a company in which Mrs N Khan is a director and shareholder.Taj The Grocer (UK) Ltd (£17,640), a company in which Mrs N Khan is a director and shareholder.