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REGISTERED NUMBER: SC404767 (Scotland)















MIRZA CONVENIENCE STORES LTD.

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024






MIRZA CONVENIENCE STORES LTD. (REGISTERED NUMBER: SC404767)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MIRZA CONVENIENCE STORES LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2024







DIRECTOR: F V Mirza





REGISTERED OFFICE: 59 Dundonald Road
Kilmarnock
Ayrshire
KA1 1RY





REGISTERED NUMBER: SC404767 (Scotland)





ACCOUNTANTS: JRD Partnership Ltd
Chartered Accountants
11 Portland Road
Kilmarnock
Ayrshire
KA1 2BT

MIRZA CONVENIENCE STORES LTD. (REGISTERED NUMBER: SC404767)

BALANCE SHEET
31ST AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 15,361

CURRENT ASSETS
Stocks - 42,330
Debtors 5 42,657 50,293
Cash at bank and in hand 281,527 105,835
324,184 198,458
CREDITORS
Amounts falling due within one year 6 55,738 90,354
NET CURRENT ASSETS 268,446 108,104
TOTAL ASSETS LESS CURRENT
LIABILITIES

268,446

123,465

PROVISIONS FOR LIABILITIES - 2,919
NET ASSETS 268,446 120,546

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 268,346 120,446
SHAREHOLDERS' FUNDS 268,446 120,546

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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.

MIRZA CONVENIENCE STORES LTD. (REGISTERED NUMBER: SC404767)

BALANCE SHEET - continued
31ST AUGUST 2024



The financial statements were approved by the director and authorised for issue on 11th October 2024 and were signed by:





F V Mirza - Director


MIRZA CONVENIENCE STORES LTD. (REGISTERED NUMBER: SC404767)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024


1. STATUTORY INFORMATION

Mirza Convenience Stores Ltd. is a private company, limited by shares , registered in Scotland. 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.
Plant and machinery etc - 15% on cost and 10% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 17 ) .

MIRZA CONVENIENCE STORES LTD. (REGISTERED NUMBER: SC404767)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st September 2023 75,698
Disposals (75,698 )
At 31st August 2024 -
DEPRECIATION
At 1st September 2023 60,337
Eliminated on disposal (60,337 )
At 31st August 2024 -
NET BOOK VALUE
At 31st August 2024 -
At 31st August 2023 15,361

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 42,657 50,293

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,071 60,998
Taxation and social security 52,667 16,265
Other creditors - 13,091
55,738 90,354

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st August 2024 and 31st August 2023:

2024 2023
£    £   
F V Mirza
Balance outstanding at start of year 50,000 -
Amounts advanced 42,000 50,000
Amounts repaid (50,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 42,000 50,000

MIRZA CONVENIENCE STORES LTD. (REGISTERED NUMBER: SC404767)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

The opening loan was fully repaid during August 2024.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is F V Mirza.