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REGISTERED NUMBER: 06836105 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Azad Supermarket (Bham) Ltd

Azad Supermarket (Bham) Ltd (Registered number: 06836105)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Azad Supermarket (Bham) Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A Rehman
Mrs K Begum





SECRETARY:





REGISTERED OFFICE: 479-481 Stratford Road
Sparkhill
Birmingham
West Midlands
B11 4LE





REGISTERED NUMBER: 06836105 (England and Wales)





ACCOUNTANTS: Tax Efficient Accountants
468A Stratford Road
Birmingham
West Midlands
B11 4AE

Azad Supermarket (Bham) Ltd (Registered number: 06836105)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 27,000 27,000
Tangible assets 5 79,394 17,405
Investments 6 320,500 320,500
426,894 364,905

CURRENT ASSETS
Stocks 82,950 113,500
Debtors 7 87,189 104,120
Cash at bank and in hand 197,180 81,737
367,319 299,357
CREDITORS
Amounts falling due within one year 8 132,446 142,606
NET CURRENT ASSETS 234,873 156,751
TOTAL ASSETS LESS CURRENT
LIABILITIES

661,767

521,656

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 661,667 521,556
SHAREHOLDERS' FUNDS 661,767 521,656

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.

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 24 October 2024 and were signed on its behalf by:



A Rehman - Director


Azad Supermarket (Bham) Ltd (Registered number: 06836105)

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

1. STATUTORY INFORMATION

Azad Supermarket (Bham) 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% 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.

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.

Azad Supermarket (Bham) Ltd (Registered number: 06836105)

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

2. ACCOUNTING POLICIES - continued

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 18 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 27,000
NET BOOK VALUE
At 31 March 2024 27,000
At 31 March 2023 27,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 7,500 61,532 78,496 147,528
Additions 10,900 60,850 - 71,750
At 31 March 2024 18,400 122,382 78,496 219,278
DEPRECIATION
At 1 April 2023 3,660 56,428 70,035 130,123
Charge for year 1,474 6,595 1,692 9,761
At 31 March 2024 5,134 63,023 71,727 139,884
NET BOOK VALUE
At 31 March 2024 13,266 59,359 6,769 79,394
At 31 March 2023 3,840 5,104 8,461 17,405

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 320,500
NET BOOK VALUE
At 31 March 2024 320,500
At 31 March 2023 320,500

Azad Supermarket (Bham) Ltd (Registered number: 06836105)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 47,875
Other debtors 87,189 56,245
87,189 104,120

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 108,747 127,565
Taxation and social security 9,633 14,468
Other creditors 14,066 573
132,446 142,606

9. RESERVES
Retained
earnings
£   

At 1 April 2023 521,556
Profit for the year 171,031
Dividends (30,920 )
At 31 March 2024 661,667