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REGISTERED NUMBER: 06506270 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

St Mary's Supermarket Limited

St Mary's Supermarket Limited (Registered number: 06506270)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


St Mary's Supermarket Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M K Lakhani
Mrs I K Lakhani





SECRETARY: Mrs I K Lakhani





REGISTERED OFFICE: Redland House
157 Redland Road
Redland
Bristol
BS6 6YE





REGISTERED NUMBER: 06506270 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Brunel House
11 The Promenade
Clifton Down
Bristol
BS8 3NG

St Mary's Supermarket Limited (Registered number: 06506270)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 107,100 122,400
Tangible assets 5 451,530 450,087
558,630 572,487

CURRENT ASSETS
Stocks 29,996 34,655
Cash at bank and in hand 2,502,795 2,182,367
2,532,791 2,217,022
CREDITORS
Amounts falling due within one year 6 552,807 563,943
NET CURRENT ASSETS 1,979,984 1,653,079
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,538,614

2,225,566

PROVISIONS FOR LIABILITIES 6,665 5,907
NET ASSETS 2,531,949 2,219,659

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,531,849 2,219,559
SHAREHOLDERS' FUNDS 2,531,949 2,219,659

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

St Mary's Supermarket Limited (Registered number: 06506270)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 17 February 2025 and were signed on its behalf by:




Mrs I K Lakhani - Director



M K Lakhani - Director


St Mary's Supermarket Limited (Registered number: 06506270)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

St Mary's Supermarket 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance basis
Motor vehicles - 25% on reducing balance basis

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

St Mary's Supermarket Limited (Registered number: 06506270)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 306,000
AMORTISATION
At 1 April 2023 183,600
Amortisation for year 15,300
At 31 March 2024 198,900
NET BOOK VALUE
At 31 March 2024 107,100
At 31 March 2023 122,400

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 418,995 162,469 12,267 593,731
Additions 5,875 2,256 - 8,131
At 31 March 2024 424,870 164,725 12,267 601,862
DEPRECIATION
At 1 April 2023 - 131,723 11,921 143,644
Charge for year - 6,601 87 6,688
At 31 March 2024 - 138,324 12,008 150,332
NET BOOK VALUE
At 31 March 2024 424,870 26,401 259 451,530
At 31 March 2023 418,995 30,746 346 450,087

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 63,200 81,134
Tax 207,997 176,806
Social security and other taxes 1,972 11,374
Other creditors 98 98
Directors' loan accounts 265,806 276,866
Accruals and deferred income 13,734 17,665
552,807 563,943

7. ULTIMATE CONTROLLING PARTY

There is no controlling or ultimate controlling party of the company.