Registered number
10059418
Telli Mini Market Ltd
Filleted Accounts
31 March 2024
Telli Mini Market Ltd
Registered number: 10059418
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,362 1,661
Current assets
Stocks 49,605 39,055
Cash at bank and in hand 536 3,888
50,141 42,943
Creditors: amounts falling due within one year 4 (2,166) (6,562)
Net current assets 47,975 36,381
Total assets less current liabilities 49,337 38,042
Creditors: amounts falling due after more than one year 5 (69,429) (49,800)
Net liabilities (20,092) (11,758)
Capital and reserves
Called up share capital 100 100
Profit and loss account (20,192) (11,858)
Shareholder's funds (20,092) (11,758)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mr Murat Telli
Director
Approved by the board on 25 October 2024
Telli Mini Market Ltd
Notes to the Accounts
for the year ended 31 March 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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
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, at rates calculated to write off the cost, less estimated residual value, as follows:
Fixtures, fittings & equipment 18% Reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Fix, fittings & equipment
£
Cost
At 1 April 2023 6,432
At 31 March 2024 6,432
Depreciation
At 1 April 2023 4,771
Charge for the year 299
At 31 March 2024 5,070
Net book value
At 31 March 2024 1,362
At 31 March 2023 1,661
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other taxes and social security costs 998 846
Accrued expenses & other creditors 1,168 5,716
2,166 6,562
5 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 69,429 49,800
6 Other information
Telli Mini Market Ltd is a private company limited by shares and incorporated in England. Its registered office is:
139 A High Street
Potters Bar
Hertfordshire
EN6 6DA
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