FORFAR SUPERMARKETS LTD

Company Registration Number:
SC724639 (Scotland)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 1 March 2023

End date: 28 February 2024

FORFAR SUPERMARKETS LTD

Contents of the Financial Statements

for the Period Ended 28 February 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes

FORFAR SUPERMARKETS LTD

Directors' report period ended 28 February 2024

The directors present their report with the financial statements of the company for the period ended 28 February 2024

Principal activities of the company

Convenience Store



Directors

The director shown below has held office during the whole of the period from
1 March 2023 to 28 February 2024

M Misbahuddin


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
25 February 2025

And signed on behalf of the board by:
Name: M Misbahuddin
Status: Director

FORFAR SUPERMARKETS LTD

Balance sheet

As at 28 February 2024

Notes 2024 2023


£

£
Current assets
Stocks: 3 25,934
Cash at bank and in hand: 4,850 100
Total current assets: 30,784 100
Creditors: amounts falling due within one year: 4 ( 26,566 )
Net current assets (liabilities): 4,218 100
Total assets less current liabilities: 4,218 100
Total net assets (liabilities): 4,218 100
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 4,118
Total Shareholders' funds: 4,218 100

The notes form part of these financial statements

FORFAR SUPERMARKETS LTD

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption 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 directors acknowledge their 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 25 January 2025
and signed on behalf of the board by:

Name: M Misbahuddin
Status: Director

The notes form part of these financial statements

FORFAR SUPERMARKETS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied.

    Other accounting policies

    Deferred tax Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference Financial instruments Basic financial instruments are recognised at amortised cost, except for investments in nonconvertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss. Going Concern After reviewing the forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

FORFAR SUPERMARKETS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 3 1

FORFAR SUPERMARKETS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Stocks

2024 2023
£ £
Stocks 25,934
Total 25,934

FORFAR SUPERMARKETS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Creditors: amounts falling due within one year note

2024
£
Taxation and social security 1,245
Other creditors 25,321
Total 26,566