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Registered number: 11030884

Fair Price Supermarket Ltd

UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024

Prepared By:
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU

Fair Price Supermarket Ltd

ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
DIRECTORS
T Hussain
REGISTERED OFFICE
37 Buckingham Avenue
Slough
SL1 4QA
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11030884
ACCOUNTANTS
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU

Fair Price Supermarket Ltd

ACCOUNTS
FOR THEYEARENDED31 MARCH 2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Fair Price Supermarket Ltd

BALANCE SHEET AT 31 March 2024
20242023
Notes££
FIXED ASSETS
Tangible assets27,48511,272
CURRENT ASSETS
Stock340,00040,000
Debtors420,4792,099
Cash at bank and in hand3,0018,448
63,48050,547
CREDITORS: Amounts falling due within one year5127,218131,713
NET CURRENT LIABILITIES(63,738)(81,166)
TOTAL ASSETS LESS CURRENT LIABILITIES(56,253)(69,894)
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account(56,353)(69,994)
SHAREHOLDERS' FUNDS(56,253)(69,894)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 17 January 2025 and signed on their behalf by
.............................
T Hussain
Director

Fair Price Supermarket Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
The company had net liabilities at the year end of £56,253. However, included in creditors was £127,218 owed to the other creditors. With the continued support of the other creditors, the director believes the company to be a going concern.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Short Leasehold Propertiesstraight line 20%
Plant and Machineryreducing balance 25%
1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1e. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1f. Turnover
Turnover is derived from sales non--specialised stores with food, beverages or tobacco services supplied by the company, net of value added tax and trade discounts and is recognised when services are rendered.

Fair Price Supermarket Ltd

1g. Statutory Information
Fair Price Supermarket Ltd is a private company, limited by shares, incorporated in England and Wales. The company's registered number is 11030884 and registered office address is 37 Buckingham Avenue, Slough, United Kingdom, SL1 4QA.
1h. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments.
2. TANGIBLE FIXED ASSETS
Short LeaseholdPlant and
PropertiesMachineryTotal
£££
Cost
At 1 April 202342,2443,40345,647
Additions-499499
At 31 March 202442,2443,90246,146
Depreciation
At 1 April 202332,0902,28534,375
For the year3,8404464,286
At 31 March 202435,9302,73138,661
Net Book Amounts
At 31 March 20246,3141,1717,485
At 31 March 202310,1541,11811,272
3. STOCK 20242023
££
Stock comprises:
Stock40,00040,000
40,00040,000
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors5,0132,014
Other debtors15,46685
20,4792,099

Fair Price Supermarket Ltd

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Taxation and social security13,96910,190
Salaries and wages control4,7362,032
Directors current account-4,187
Bank loans and overdrafts9,9249,259
Bank Loan22,44225,974
Trade creditors26,98336,983
Other creditors45,25238,742
Accruals3,9124,346
127,218131,713
6. EMPLOYEES
20242023
No.No.
Average number of employees55
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1.00 each100100
100100