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REGISTERED NUMBER: 02311455















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Parmar Supermarkets Limited

Parmar Supermarkets Limited (Registered number: 02311455)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Parmar Supermarkets Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Mrs H Agrawal





REGISTERED OFFICE: 21 Dartmouth Avenue
Sheerwater
Woking
Surrey
GU21 5PE





REGISTERED NUMBER: 02311455

Parmar Supermarkets Limited (Registered number: 02311455)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,017 18,970

CURRENT ASSETS
Stocks 85,897 78,689
Debtors 5 2,446 2,492
Cash at bank and in hand 10,087 6,933
98,430 88,114
CREDITORS
Amounts falling due within one year 6 91,209 65,360
NET CURRENT ASSETS 7,221 22,754
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,238

41,724

CREDITORS
Amounts falling due after more than one
year

7

9,999

20,029
NET ASSETS 22,239 21,695

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 22,139 21,595
SHAREHOLDERS' FUNDS 22,239 21,695

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Parmar Supermarkets Limited (Registered number: 02311455)

Balance Sheet - continued
30 April 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 director and authorised for issue on 16 January 2025 and were signed by:





Mrs H Agrawal - Director


Parmar Supermarkets Limited (Registered number: 02311455)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Parmar Supermarkets Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - in accordance with the property
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% 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.

Parmar Supermarkets Limited (Registered number: 02311455)

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 30,046 119,661 13,247 162,954
Additions - 10,789 - 10,789
At 30 April 2024 30,046 130,450 13,247 173,743
DEPRECIATION
At 1 May 2023 30,046 100,954 12,984 143,984
Charge for year - 4,677 65 4,742
At 30 April 2024 30,046 105,631 13,049 148,726
NET BOOK VALUE
At 30 April 2024 - 24,819 198 25,017
At 30 April 2023 - 18,707 263 18,970

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
VAT 2,446 2,492

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,835 11,330
Tax - 842
Social security and other taxes 2,730 3,468
Other creditors 16,586 8,565
Directors' current accounts 22,075 5,672
Accrued expenses 38,983 35,483
91,209 65,360

Parmar Supermarkets Limited (Registered number: 02311455)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Bounce back 1-2 years 9,742 10,807
Bounce back 2-5 years 257 9,222
9,999 20,029

8. RESERVES
Retained
earnings
£   

At 1 May 2023 21,595
Profit for the year 5,544
Dividends (5,000 )
At 30 April 2024 22,139