BrightAccountsProduction v1.0.0 v1.0.0 2023-08-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity is the retail sale of food and other goods. 30 January 2025 NI639534 2024-07-31 NI639534 2023-07-31 NI639534 2022-07-31 NI639534 2023-08-01 2024-07-31 NI639534 2022-08-01 2023-07-31 NI639534 uk-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 NI639534 uk-curr:PoundSterling 2023-08-01 2024-07-31 NI639534 uk-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 NI639534 uk-bus:FullAccounts 2023-08-01 2024-07-31 NI639534 uk-bus:Director1 2023-08-01 2024-07-31 NI639534 uk-bus:Director2 2023-08-01 2024-07-31 NI639534 uk-bus:RegisteredOffice 2023-08-01 2024-07-31 NI639534 uk-bus:Agent1 2023-08-01 2024-07-31 NI639534 uk-core:ShareCapital 2024-07-31 NI639534 uk-core:ShareCapital 2023-07-31 NI639534 uk-core:RetainedEarningsAccumulatedLosses 2024-07-31 NI639534 uk-core:RetainedEarningsAccumulatedLosses 2023-07-31 NI639534 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-07-31 NI639534 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-07-31 NI639534 uk-bus:FRS102 2023-08-01 2024-07-31 NI639534 uk-core:PlantMachinery 2023-08-01 2024-07-31 NI639534 uk-core:FurnitureFittingsToolsEquipment 2023-08-01 2024-07-31 NI639534 uk-core:MotorVehicles 2023-08-01 2024-07-31 NI639534 uk-core:CurrentFinancialInstruments 2024-07-31 NI639534 uk-core:CurrentFinancialInstruments 2023-07-31 NI639534 uk-core:WithinOneYear 2024-07-31 NI639534 uk-core:WithinOneYear 2023-07-31 NI639534 uk-core:WithinOneYear 2024-07-31 NI639534 uk-core:WithinOneYear 2023-07-31 NI639534 2023-08-01 2024-07-31 NI639534 uk-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI639534
 
 
Svaja Retail Limited
 
Unaudited Financial Statements
 
for the financial year ended 31 July 2024
Svaja Retail Limited
DIRECTORS AND OTHER INFORMATION

 
Directors Nerijus Radvilavicius
Jurgita Radvilaviciene
 
 
Company Registration Number NI639534
 
 
Registered Office Unit 2 Meadows Retail Park
Meadow Lane
Portadown
Co. Armagh
BT623NJ
Northern Ireland
 
 
Business Address Unit 2 Meadows Retail Park
Meadow Lane
Portadown
Co. Armagh
BT62 3NJ
Northern Ireland
 
 
Accountants MG accountants
(Portadown)
25-27 Carleton Street
Portadown
Co. Armagh
BT62 3EP
Northern Ireland
 
 
Bankers Santander
  24 Market Street
  Portadown
  Co. Armagh
  BT62 3LD
  United Kingdom



Svaja Retail Limited
Company Registration Number: NI639534
BALANCE SHEET
as at 31 July 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 68,947 48,018
───────── ─────────
 
Current Assets
Stocks 5 56,251 60,095
Debtors 6 12,753 13,773
Cash and cash equivalents 26,341 7,467
───────── ─────────
95,345 81,335
───────── ─────────
Creditors: amounts falling due within one year 7 (126,546) (80,672)
───────── ─────────
Net Current (Liabilities)/Assets (31,201) 663
───────── ─────────
Total Assets less Current Liabilities 37,746 48,681
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings 37,646 48,581
───────── ─────────
Equity attributable to owners of the company 37,746 48,681
═════════ ═════════
 
The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.
           
For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 30 January 2025 and signed on its behalf by
           
           
________________________________          
Nerijus Radvilavicius          
Director          
           



Svaja Retail Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 July 2024

   
1. General Information
 
Svaja Retail Limited is a company limited by shares incorporated in Northern Ireland. The registered office of the company is Unit 2 Meadows Retail Park, Meadow Lane, Portadown, Co. Armagh, BT623NJ, Northern Ireland which is also the principal place of business of the company. The principal activity is the retail sale of food and other goods. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 July 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
The company recognises turnover when goods have been paid for by the buyer.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 15% Straight line
  Fixtures, fittings and equipment - 15% Straight line
  Motor vehicles - 20% Reducing Balance
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 20, (2023 - 20).
 
  2024 2023
  Number Number
 
Director 2 2
Employees 18 18
  ───────── ─────────
  20 20
  ═════════ ═════════
           
4. Tangible assets
  Plant and Fixtures, Motor Total
  machinery fittings and vehicles  
    equipment    
  £ £ £ £
Cost
At 1 August 2023 12,656 53,798 42,847 109,301
Additions - 40,683 - 40,683
  ───────── ───────── ───────── ─────────
At 31 July 2024 12,656 94,481 42,847 149,984
  ───────── ───────── ───────── ─────────
Depreciation
At 1 August 2023 10,071 36,047 15,165 61,283
Charge for the financial year 2,531 11,687 5,536 19,754
  ───────── ───────── ───────── ─────────
At 31 July 2024 12,602 47,734 20,701 81,037
  ───────── ───────── ───────── ─────────
Net book value
At 31 July 2024 54 46,747 22,146 68,947
  ═════════ ═════════ ═════════ ═════════
At 31 July 2023 2,585 17,751 27,682 48,018
  ═════════ ═════════ ═════════ ═════════
       
5. Stocks 2024 2023
  £ £
 
Finished goods and goods for resale 56,251 60,095
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
6. Debtors 2024 2023
  £ £
 
Taxation  (Note 8) 3,431 4,654
Prepayments and accrued income 9,322 9,119
  ───────── ─────────
  12,753 13,773
  ═════════ ═════════
       
7. Creditors 2024 2023
Amounts falling due within one year £ £
 
Bank overdrafts 7,348 168
Trade creditors 35,559 59,693
Taxation  (Note 8) 13,710 3,941
Directors' current accounts 60,661 7,870
Other creditors 268 -
Accruals 9,000 9,000
  ───────── ─────────
  126,546 80,672
  ═════════ ═════════
       
8. Taxation 2024 2023
  £ £
 
Debtors:
VAT 3,431 2,411
Corporation tax - 2,243
  ───────── ─────────
  3,431 4,654
  ═════════ ═════════
Creditors:
Corporation tax 8,476 -
PAYE / NI 5,234 3,941
  ───────── ─────────
  13,710 3,941
  ═════════ ═════════
       
9. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 July 2024.
   
10. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.