IRIS Accounts Production v24.3.2.46 05297505 director 1.6.23 31.5.24 31.5.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh052975052023-05-31052975052024-05-31052975052023-06-012024-05-31052975052022-05-31052975052022-06-012023-05-31052975052023-05-3105297505ns15:EnglandWales2023-06-012024-05-3105297505ns14:PoundSterling2023-06-012024-05-3105297505ns10:Director12023-06-012024-05-3105297505ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3105297505ns10:SmallEntities2023-06-012024-05-3105297505ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3105297505ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3105297505ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3105297505ns10:AbridgedAccounts2023-06-012024-05-3105297505ns10:OrdinaryShareClass12023-06-012024-05-3105297505ns10:CompanySecretary12023-06-012024-05-3105297505ns10:RegisteredOffice2023-06-012024-05-3105297505ns5:CurrentFinancialInstruments2024-05-3105297505ns5:CurrentFinancialInstruments2023-05-3105297505ns5:Non-currentFinancialInstruments2024-05-3105297505ns5:Non-currentFinancialInstruments2023-05-3105297505ns5:ShareCapital2024-05-3105297505ns5:ShareCapital2023-05-3105297505ns5:RetainedEarningsAccumulatedLosses2024-05-3105297505ns5:RetainedEarningsAccumulatedLosses2023-05-3105297505ns5:LeaseholdImprovements2023-06-012024-05-3105297505ns5:FurnitureFittings2023-06-012024-05-3105297505ns5:Non-currentFinancialInstruments2023-06-012024-05-3105297505ns10:OrdinaryShareClass12024-05-3105297505ns5:RetainedEarningsAccumulatedLosses2023-05-3105297505ns5:RetainedEarningsAccumulatedLosses2023-06-012024-05-31
REGISTERED NUMBER: 05297505 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

FAIRVIEW GROCERS LTD

FAIRVIEW GROCERS LTD (REGISTERED NUMBER: 05297505)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


FAIRVIEW GROCERS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: P Paksher





SECRETARY: Mrs N Paksher





REGISTERED OFFICE: 115 Craven Park Road
Stamford Hill
London
N15 6BL





REGISTERED NUMBER: 05297505 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

FAIRVIEW GROCERS LTD (REGISTERED NUMBER: 05297505)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 MAY 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 94,092 99,818

CURRENT ASSETS
Stocks 119,400 126,400
Debtors 119,446 124,692
Cash at bank and in hand 15,513 19,782
254,359 270,874
CREDITORS
Amounts falling due within one year (229,617 ) (199,327 )
NET CURRENT ASSETS 24,742 71,547
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,834

171,365

CREDITORS
Amounts falling due after more than one year 5 (32,443 ) (46,307 )
NET ASSETS 86,391 125,058

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 86,291 124,958
SHAREHOLDERS' FUNDS 86,391 125,058

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

FAIRVIEW GROCERS LTD (REGISTERED NUMBER: 05297505)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 MAY 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 Statement of Financial Position for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 December 2024 and were signed by:





P Paksher - Director


FAIRVIEW GROCERS LTD (REGISTERED NUMBER: 05297505)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

FAIRVIEW GROCERS LTD 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - not provided
Fixtures and fittings - 15% on reducing balance

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

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 ) .

FAIRVIEW GROCERS LTD (REGISTERED NUMBER: 05297505)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023
and 31 May 2024 159,801
DEPRECIATION
At 1 June 2023 59,983
Charge for year 5,726
At 31 May 2024 65,709
NET BOOK VALUE
At 31 May 2024 94,092
At 31 May 2023 99,818

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.5.24 31.5.23
£    £   
Repayable by instalments
Other loans more 5yrs instal 18,641 26,190

Other creditors include £50,000 received under Bounceback Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% and guaranteed by HM Government.

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100

7. RESERVES
Retained
earnings
£   

At 1 June 2023 124,958
Profit for the year 9,333
Dividends (48,000 )
At 31 May 2024 86,291