Company Registration No. 07238757 (England and Wales)
Deepikan Mini Market Ltd
Unaudited accounts
for the year ended 30 April 2024
Deepikan Mini Market Ltd
Unaudited accounts
Contents
Deepikan Mini Market Ltd
Company Information
for the year ended 30 April 2024
Director
Mr Uthayan Balakumar
Company Number
07238757 (England and Wales)
Registered Office
Morritt House
54-60 Station Approach
South Ruislip
Ruislip
HA4 6SA
Accountants
Daniel Consultancy
Morritt House
54-60 Station Approach
South Ruislip
Ruislip
HA4 6SA
Deepikan Mini Market Ltd
Accountants' report
Accountants' report to the director of Deepikan Mini Market Ltd on the preparation of the unaudited statutory accounts for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Deepikan Mini Market Ltd for the year ended
30 April 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Deepikan Mini Market Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Deepikan Mini Market Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Deepikan Mini Market Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Deepikan Mini Market Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Deepikan Mini Market Ltd. You consider that Deepikan Mini Market Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Deepikan Mini Market Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Daniel Consultancy
Morritt House
54-60 Station Approach
South Ruislip
Ruislip
HA4 6SA
16 August 2024
Deepikan Mini Market Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
18,039
25,607
Inventories
95,600
112,650
Cash at bank and in hand
6,811
8,574
Creditors: amounts falling due within one year
(51,717)
(74,292)
Net current assets
56,827
53,432
Total assets less current liabilities
74,866
79,039
Creditors: amounts falling due after more than one year
(31,990)
(47,215)
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
42,875
30,486
Shareholders' funds
42,876
30,487
For the year ending 30 April 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 August 2024 and were signed on its behalf by
Mr Uthayan Balakumar
Director
Company Registration No. 07238757
Deepikan Mini Market Ltd
Notes to the Accounts
for the year ended 30 April 2024
Deepikan Mini Market Ltd is a private company, limited by shares, registered in England and Wales, registration number 07238757. The registered office is Morritt House, 54-60 Station Approach, South Ruislip, Ruislip, HA4 6SA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Straight line basis
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deepikan Mini Market Ltd
Notes to the Accounts
for the year ended 30 April 2024
The company only enters into basic financial instrument 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.
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 May 2023
37,035
21,097
58,132
At 30 April 2024
37,035
21,097
58,132
At 1 May 2023
23,992
8,533
32,525
Charge for the year
4,472
3,096
7,568
At 30 April 2024
28,464
11,629
40,093
At 30 April 2024
8,571
9,468
18,039
At 30 April 2023
13,043
12,564
25,607
Amounts falling due within one year
Accrued income and prepayments
88
-
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
1,128
16,872
Taxes and social security
9,063
7,086
Other creditors
33,870
39,822
Loans from directors
-
4,085
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
11,157
16,382
Deepikan Mini Market Ltd
Notes to the Accounts
for the year ended 30 April 2024
8
Transactions with related parties
The director is also a director of the Divia And Deebha Enterprises Ltd, and Deepikan Enterprises Limited.
At the reporting date Divia And Deebha Enterprises Ltd owed by the company £31,126 (2022: £39,822)
9
Average number of employees
During the year the average number of employees was 12 (2023: 12).