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REGISTERED NUMBER: 05298024 (England and Wales)















Financial Statements for the Year Ended 30th November 2024

for

New Medina Superstore Limited

New Medina Superstore Limited (Registered number: 05298024)

Contents of the Financial Statements
for the Year Ended 30th November 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


New Medina Superstore Limited

Company Information
for the Year Ended 30th November 2024







DIRECTORS: G Ali
Z Sikandar



SECRETARY: Z Sikandar



REGISTERED OFFICE: 109-111 Lozells Road
LOZELLS
Birmingham
West Midlands
B19 2TR



REGISTERED NUMBER: 05298024 (England and Wales)



ACCOUNTANT: A K & Co Accountants
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



BUSINESS ADDRESS: 109-111 Lozells Road
Birmingham
West Midlands
Birmingham
B19 2TR

New Medina Superstore Limited (Registered number: 05298024)

Balance Sheet
30th November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Property, plant and equipment 5 66,728 73,180
66,729 73,181

CURRENT ASSETS
Inventories 6 105,165 200,145
Debtors 7 537,832 229
Cash at bank and in hand 2,043,932 2,002,597
2,686,929 2,202,971
CREDITORS
Amounts falling due within one year 8 635,797 457,458
NET CURRENT ASSETS 2,051,132 1,745,513
TOTAL ASSETS LESS CURRENT LIABILITIES 2,117,861 1,818,694


CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 2,117,761 1,818,594
SHAREHOLDERS' FUNDS 2,117,861 1,818,694
2,117,861 1,818,694

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

New Medina Superstore Limited (Registered number: 05298024)

Balance Sheet - continued
30th November 2024


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 December 2024 and were signed on its behalf by:





Z Sikandar - Director


New Medina Superstore Limited (Registered number: 05298024)

Notes to the Financial Statements
for the Year Ended 30th November 2024


1. STATUTORY INFORMATION

New Medina Superstore 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
Revenue 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.
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost

Fixtures and fittings 15% pa on reducing balance

Motor vehicles 25% pa on reducing balance

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.


New Medina Superstore Limited (Registered number: 05298024)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 28 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st December 2023
and 30th November 2024 60,000
AMORTISATION
At 1st December 2023
and 30th November 2024 59,999
NET BOOK VALUE
At 30th November 2024 1
At 30th November 2023 1

New Medina Superstore Limited (Registered number: 05298024)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024


5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Short and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1st December 2023 1,021 348,669 41,038 390,728
Additions - 5,500 - 5,500
At 30th November 2024 1,021 354,169 41,038 396,228
DEPRECIATION
At 1st December 2023 - 279,540 38,008 317,548
Charge for year - 11,195 757 11,952
At 30th November 2024 - 290,735 38,765 329,500
NET BOOK VALUE
At 30th November 2024 1,021 63,434 2,273 66,728
At 30th November 2023 1,021 69,129 3,030 73,180

6. INVENTORIES
30.11.24 30.11.23
£    £   
Stocks 105,165 200,145

7. DEBTORS
30.11.24 30.11.23
£    £   
Amounts falling due within one year:
VAT repayment due 1,458 229

Amounts falling due after more than one year:
Long term investments 536,374 -

Aggregate amounts 537,832 229

New Medina Superstore Limited (Registered number: 05298024)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 241,821 237,725
Tax 128,360 80,617
Social security and other taxes 17,391 13,243
Net wages 18,313 12,059
Directors' current accounts 229,912 104,414
Accrued expenses - 9,400
635,797 457,458

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
100 Ordinary share Capital £1 100 100

100 Ordinary share Capital shares of £1 each were allotted and fully paid for cash at par during the year.

10. RESERVES
Retained
earnings
£   

At 1st December 2023 1,818,594
Profit for the year 379,167
Dividends (80,000 )
At 30th November 2024 2,117,761