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REGISTERED NUMBER: 05508791 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

SANGHERA SUPERMARKET LIMITED

SANGHERA SUPERMARKET LIMITED (REGISTERED NUMBER: 05508791)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SANGHERA SUPERMARKET LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: Mr Namtej Singh Sanghera





SECRETARY: Mrs Manpreet Kaur





REGISTERED OFFICE: 10-14 Underhill Circus
Headington
Oxfordshire
OX3 9LU





REGISTERED NUMBER: 05508791 (England and Wales)





ACCOUNTANTS: Ark Aurora Ltd
Chartered Accountants & Chartered Tax Advisers
The Maltings
2 Anderson Rd
Bearwood
Birmingham
West Midlands
B66 4AR

SANGHERA SUPERMARKET LIMITED (REGISTERED NUMBER: 05508791)

BALANCE SHEET
30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 414,971 434,971
Tangible assets 5 429,307 505,109
844,278 940,080

CURRENT ASSETS
Stocks 6 510,360 393,250
Cash at bank and in hand 16,337 24,846
526,697 418,096
CREDITORS
Amounts falling due within one year 7 559,681 868,827
NET CURRENT LIABILITIES (32,984 ) (450,731 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

811,294

489,349

CREDITORS
Amounts falling due after more than one
year

8

(355,382

)

(33,211

)

PROVISIONS FOR LIABILITIES 9 (21,411 ) (22,606 )
NET ASSETS 434,501 433,532

CAPITAL AND RESERVES
Called up share capital 10 3 3
Retained earnings 434,498 433,529
SHAREHOLDERS' FUNDS 434,501 433,532

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SANGHERA SUPERMARKET LIMITED (REGISTERED NUMBER: 05508791)

BALANCE SHEET - continued
30 SEPTEMBER 2023


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 director and authorised for issue on 3 December 2024 and were signed by:





Mr Namtej Singh Sanghera - Director


SANGHERA SUPERMARKET LIMITED (REGISTERED NUMBER: 05508791)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Sanghera Supermarket Limited 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 2006, 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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 50% 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.

SANGHERA SUPERMARKET LIMITED (REGISTERED NUMBER: 05508791)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 494,971
AMORTISATION
At 1 October 2022 60,000
Charge for year 20,000
At 30 September 2023 80,000
NET BOOK VALUE
At 30 September 2023 414,971
At 30 September 2022 434,971

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 October 2022
and 30 September 2023 2 126,908 959,981 5,578 1,092,469
DEPRECIATION
At 1 October 2022 - 33,932 547,892 5,536 587,360
Charge for year - 13,946 61,814 42 75,802
At 30 September 2023 - 47,878 609,706 5,578 663,162
NET BOOK VALUE
At 30 September 2023 2 79,030 350,275 - 429,307
At 30 September 2022 2 92,976 412,089 42 505,109

SANGHERA SUPERMARKET LIMITED (REGISTERED NUMBER: 05508791)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


6. STOCKS
30.9.23 30.9.22
£    £   
Stocks 510,360 393,250

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Other loans 226,235 274,936
Liberis ltd loan - 62,050
365 Business finance - 164,760
Trade creditors 24,755 23,377
Tax 18,710 41,262
Social security and other taxes 12,495 6,325
Shareholder funds 54,704 35,000
VAT 16,096 15,482
Directors' current accounts 203,186 240,835
Accrued expenses 3,500 4,800
559,681 868,827

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans more 5 yr by instal - 33,211
Flexmize capital loan 98,726 -
Federal capital loan 80,009 -
Liberis loan 176,647 -
355,382 33,211

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 33,211

9. PROVISIONS FOR LIABILITIES
30.9.23 30.9.22
£    £   
Deferred tax 21,411 22,606

Deferred
tax
£   
Balance at 1 October 2022 22,606
Provided during year (1,195 )
Balance at 30 September 2023 21,411

SANGHERA SUPERMARKET LIMITED (REGISTERED NUMBER: 05508791)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
3 Ordinary £1.00 3 3

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr N Sanghera, Mrs M Kaur and Mr A Sanghera.