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REGISTERED NUMBER: 01217483 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

ARESS CASH & CARRY LIMITED

ARESS CASH & CARRY LIMITED (REGISTERED NUMBER: 01217483)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ARESS CASH & CARRY LIMITED

COMPANY INFORMATION
For The Year Ended 30 April 2024







DIRECTORS: S R Bhojwani
Mrs S R Bhojwani
R R Bhojwani





SECRETARY:





REGISTERED OFFICE: 253 High Street
Leytonstone
London
E11 4HH





REGISTERED NUMBER: 01217483 (England and Wales)





ACCOUNTANTS: Dawn & Co
35A High Street
Ruislip
Middlesex
HA4 7AU

ARESS CASH & CARRY LIMITED (REGISTERED NUMBER: 01217483)

ABRIDGED BALANCE SHEET
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 372,023 365,332
Investments 6 80,406 -
452,429 365,332

CURRENT ASSETS
Stocks 57,978 78,588
Debtors 241,075 290,684
Cash at bank and in hand 1,299,371 1,593,123
1,598,424 1,962,395
CREDITORS
Amounts falling due within one year 313,697 562,784
NET CURRENT ASSETS 1,284,727 1,399,611
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,737,156

1,764,943

CREDITORS
Amounts falling due after more than one
year

-

76,290
NET ASSETS 1,737,156 1,688,653

CAPITAL AND RESERVES
Called up share capital 200 200
Revaluation reserve 7 185,596 185,596
Retained earnings 1,551,360 1,502,857
1,737,156 1,688,653

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 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.

ARESS CASH & CARRY LIMITED (REGISTERED NUMBER: 01217483)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 24 January 2025 and were signed on its behalf by:





R R Bhojwani - Director


ARESS CASH & CARRY LIMITED (REGISTERED NUMBER: 01217483)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024

1. STATUTORY INFORMATION

Aress Cash & Carry 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.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

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 etc - 25% on reducing balance and 25% on cost

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.

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.

ARESS CASH & CARRY LIMITED (REGISTERED NUMBER: 01217483)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 8,000
AMORTISATION
At 1 May 2023
and 30 April 2024 8,000
NET BOOK VALUE

At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 368,930
Additions 9,261
At 30 April 2024 378,191
DEPRECIATION
At 1 May 2023 3,598
Charge for year 2,570
At 30 April 2024 6,168
NET BOOK VALUE
At 30 April 2024 372,023
At 30 April 2023 365,332

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
Additions 80,406
At 30 April 2024 80,406
NET BOOK VALUE
At 30 April 2024 80,406

ARESS CASH & CARRY LIMITED (REGISTERED NUMBER: 01217483)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024

7. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 185,596