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REGISTERED NUMBER: 05298025 (England and Wales)















Financial Statements for the Year Ended 31st March 2024

for

FOOD CITY (BIRMINGHAM) LTD

FOOD CITY (BIRMINGHAM) LTD (Registered number: 05298025)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FOOD CITY (BIRMINGHAM) LTD

Company Information
for the Year Ended 31st March 2024







DIRECTORS: R Shaheen
N Akhtar



SECRETARY: N Akhtar



REGISTERED OFFICE: Unit12-14
Newtown Shopping Centre
New Town
Birmingham
West Midlands
B19 2SW



REGISTERED NUMBER: 05298025 (England and Wales)



ACCOUNTANTS: A K & Co Accountants -Taxation
732 Walsall Road
Great Barr
Birmingham
West Midlands
B42 1EX



BANKERS: Lloyds TSB Bank Plc
Great Hampton Street
Business Partner
PO Box 9363
Birmingham
B3 3ST



TRADING ADDRESS: Unit 12-14 Newtown Shopping Centre
Newtown
Birmingham
West Midlands
B19 2SW

FOOD CITY (BIRMINGHAM) LTD (Registered number: 05298025)

Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 6,139 6,628

CURRENT ASSETS
Inventories 5 20,122 15,130
Debtors 6 2,337 2,943
Cash at bank and in hand 184,906 161,398
207,365 179,471
CREDITORS
Amounts falling due within one year 7 47,625 36,168
NET CURRENT ASSETS 159,740 143,303
TOTAL ASSETS LESS CURRENT LIABILITIES 165,879 149,931

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 9 165,679 149,731
SHAREHOLDERS' FUNDS 165,879 149,931

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 6th April 2024 and were signed on its behalf by:



R Shaheen - Director


FOOD CITY (BIRMINGHAM) LTD (Registered number: 05298025)

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


1. STATUTORY INFORMATION

FOOD CITY (BIRMINGHAM) 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.

Fixtures and fittings and equipments 15% on cost

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.

FOOD CITY (BIRMINGHAM) LTD (Registered number: 05298025)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st April 2023 26,737 5,500 32,237
Additions 1,079 - 1,079
At 31st March 2024 27,816 5,500 33,316
DEPRECIATION
At 1st April 2023 24,234 1,375 25,609
Charge for year 537 1,031 1,568
At 31st March 2024 24,771 2,406 27,177
NET BOOK VALUE
At 31st March 2024 3,045 3,094 6,139
At 31st March 2023 2,503 4,125 6,628

5. INVENTORIES
31.3.24 31.3.23
£    £   
Stocks 20,122 15,130

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
VAT repayment 1,337 -
Other debtors - 1,943
Prepayments and accrued income 1,000 1,000
2,337 2,943

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 15,440 5,474
Tax 4,108 5,439
Social security and other taxes 3,099 627
Directors' current accounts 21,478 21,478
Accrued expenses 3,500 3,150
47,625 36,168

FOOD CITY (BIRMINGHAM) LTD (Registered number: 05298025)

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


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
200 Ordinary Share Capital £1 200 200

9. RESERVES
Retained
earnings
£   

At 1st April 2023 149,731
Profit for the year 15,948
At 31st March 2024 165,679