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REGISTERED NUMBER: 10526727 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

DHILLON FOODSTORE LIMITED

DHILLON FOODSTORE LIMITED (REGISTERED NUMBER: 10526727)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


DHILLON FOODSTORE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: Mr B Singh
Mr S Dhillon



REGISTERED OFFICE: 349 - 351 Aldermans Green Road
Coventry
West Midlands
CV2 1PB



REGISTERED NUMBER: 10526727 (England and Wales)



ACCOUNTANTS: R Pau & Co Limited
Chartered Certified Accountants
12-16 Station Street East
Coventry
West Midlands
CV6 5FJ



BANKERS: Lloyds TSB Bank Plc
30 High Street
Coventry
West Midlands
CV1 5RA

DHILLON FOODSTORE LIMITED (REGISTERED NUMBER: 10526727)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 94,250 101,500
Tangible assets 4 94,109 68,363
188,359 169,863

CURRENT ASSETS
Stocks 144,600 134,200
Debtors - 21,463
Cash at bank and in hand 179,671 188,668
324,271 344,331
CREDITORS
Amounts falling due within one year 389,062 391,450
NET CURRENT LIABILITIES (64,791 ) (47,119 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,568

122,744

CAPITAL AND RESERVES
Called up share capital 101 100
Retained earnings 123,467 122,644
123,568 122,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 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.

DHILLON FOODSTORE LIMITED (REGISTERED NUMBER: 10526727)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31ST DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31st December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 18th November 2024 and were signed on its behalf by:





Mr S Dhillon - Director


DHILLON FOODSTORE LIMITED (REGISTERED NUMBER: 10526727)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. 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.

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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

DHILLON FOODSTORE LIMITED (REGISTERED NUMBER: 10526727)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 11 ) .

3. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2023
and 31st December 2023 145,000
AMORTISATION
At 1st January 2023 43,500
Amortisation for year 7,250
At 31st December 2023 50,750
NET BOOK VALUE

At 31st December 2023 94,250
At 31st December 2022 101,500

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2023 143,425
Additions 50,571
Disposals (29,500 )
At 31st December 2023 164,496
DEPRECIATION
At 1st January 2023 75,062
Charge for year 15,606
Eliminated on disposal (20,281 )
At 31st December 2023 70,387
NET BOOK VALUE
At 31st December 2023 94,109
At 31st December 2022 68,363