Registered number
12397181
Super Polo Food Limited
Filleted Accounts
31 January 2024
Super Polo Food Limited
Registered number: 12397181
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Current assets
Stocks 79,351 31,305
Cash at bank and in hand 95,011 167,680
174,362 198,985
Creditors: amounts falling due within one year 3 (24,990) (47,329)
Net current assets 149,372 151,656
Total assets less current liabilities 149,372 151,656
Creditors: amounts falling due after more than one year 4 (50,000) (50,000)
Net assets 99,372 101,656
Capital and reserves
Called up share capital 100 100
Profit and loss account 99,272 101,556
Shareholders' funds 99,372 101,656
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Nayab Ali
Director
Approved by the board on 29 October 2024
Super Polo Food Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Creditors: amounts falling due within one year 2024 2023
£ £
Non-equity preference shares - -
Bank loans and overdrafts - -
Obligations under finance lease and hire purchase contracts - -
Trade creditors 18,595 16,873
Amounts owed to group undertakings and undertakings in which the company has a participating interest - -
Taxation and social security costs 5,975 25,101
Other creditors 420 5,355
24,990 47,329
4 Creditors: amounts falling due after one year 2024 2023
£ £
Non-equity preference shares - -
Bank loans 50,000 50,000
Obligations under finance lease and hire purchase contracts - -
Trade creditors - -
Amounts owed to group undertakings and undertakings in which the company has a participating interest - -
Other creditors - -
50,000 50,000
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