Registered number
08878149
CINAR FOOD STORE LIMITED
Filleted Accounts
29 February 2024
CINAR FOOD STORE LIMITED
Registered number: 08878149
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 31,803 717
Current assets
Stocks 72,793 61,239
Cash at bank and in hand 36,393 47,404
109,186 108,643
Creditors: amounts falling due within one year 4 (41,441) (36,880)
Net current assets 67,745 71,763
Total assets less current liabilities 99,548 72,480
Creditors: amounts falling due after more than one year 5 (90,956) (70,860)
Net assets 8,592 1,620
Capital and reserves
Called up share capital 1 1
Profit and loss account 8,591 1,619
Shareholder's funds 8,592 1,620
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 Turan Coban
Director
Approved by the board on 25 November 2024
CINAR FOOD STORE LIMITED
Notes to the Accounts
for the year ended 29 February 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.
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:
Fixtures, fittings, tools and equipment 20% 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. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Motor vehicles Total
£ £ £
Cost
At 1 March 2023 3,500 - 3,500
Additions - 32,873 32,873
At 29 February 2024 3,500 32,873 36,373
Depreciation
At 1 March 2023 2,783 - 2,783
Charge for the year 143 1,644 1,787
At 29 February 2024 2,926 1,644 4,570
Net book value
At 29 February 2024 574 31,229 31,803
At 28 February 2023 717 - 717
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 18,000 -
Trade creditors 4,771 5,002
Taxation and social security costs 4,045 13,620
Other creditors 14,625 18,258
41,441 36,880
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 23,387 32,500
Obligations under finance lease and hire purchase contracts 38,239 -
Other creditors 29,330 38,360
90,956 70,860
6 Other information
CINAR FOOD STORE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Unit 1, 33 High Street
Hoddesdon
Hertfordshire
UK
EN11 8TA
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