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REGISTERED NUMBER: 12498535 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MEIR SUPERMARKET LTD.

MEIR SUPERMARKET LTD. (REGISTERED NUMBER: 12498535)






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


MEIR SUPERMARKET LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr S Toor
Mrs P K Toor





SECRETARY:





REGISTERED OFFICE: Gables Viii, Bracken Close
Common Lane
Rough Close
Stoke on Trent
Staffordshire
ST3 7PE





REGISTERED NUMBER: 12498535 (England and Wales)





ACCOUNTANT: Wynniatt-Husey Ltd
Chartered Accountants
The Old Coach House
Horsefair
Rugeley
Staffordshire
WS15 2EL

MEIR SUPERMARKET LTD. (REGISTERED NUMBER: 12498535)

BALANCE SHEET
31 MARCH 2024

31/3/23 31/3/24
£    Notes £   
FIXED ASSETS
13,610 Property, plant and equipment 4 10,306

CURRENT ASSETS
86,606 Inventories 83,541
6,169 Debtors 5 11,307
58,358 Cash at bank and in hand 28,473
151,133 123,321
CREDITORS
(89,221 ) Amounts falling due within one year 6 (66,278 )
61,912 NET CURRENT ASSETS 57,043
75,522 TOTAL ASSETS LESS CURRENT
LIABILITIES

67,349

CAPITAL AND RESERVES
2 Called up share capital 2
75,520 Retained earnings 67,347
75,522 SHAREHOLDERS' FUNDS 67,349

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.

MEIR SUPERMARKET LTD. (REGISTERED NUMBER: 12498535)

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 10 November 2024 and were signed on its behalf by:




Mr S Toor - Director



Mrs P K Toor - Director


MEIR SUPERMARKET LTD. (REGISTERED NUMBER: 12498535)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Meir Supermarket 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
Revenue 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 - 25% 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.

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.

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.

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 5 (2023 - 8 ) .

MEIR SUPERMARKET LTD. (REGISTERED NUMBER: 12498535)

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

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2023 28,918
Additions 131
At 31 March 2024 29,049
DEPRECIATION
At 1 April 2023 15,308
Charge for year 3,435
At 31 March 2024 18,743
NET BOOK VALUE
At 31 March 2024 10,306
At 31 March 2023 13,610

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 11,307 6,169

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 29,771 40,007
Trade creditors 20,132 12,507
Taxation and social security 9,378 15,567
Other creditors 6,997 21,140
66,278 89,221