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REGISTERED NUMBER: 12091483 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

KERAI MINI MARKET LTD

KERAI MINI MARKET LTD (REGISTERED NUMBER: 12091483)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KERAI MINI MARKET LTD

COMPANY INFORMATION
for the Year Ended 31st December 2024







Directors: M Kerai
Mrs B M Kerai





Registered office: 54-56 Westminster Road
Failsworth
Manchester
Greater Manchester
M35 9LQ





Registered number: 12091483 (England and Wales)





Accountants: DBF Associates
Chartered Accountants
South Cheetham B C
10 Park Place
Manchester
Lancashire
M4 4EY

KERAI MINI MARKET LTD (REGISTERED NUMBER: 12091483)

BALANCE SHEET
31st December 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 48,000 51,000
Tangible assets 5 236,847 90,636
284,847 141,636

Current assets
Stocks 75,157 75,162
Debtors 6 5,000 5,000
Cash at bank and in hand 8,775 13,196
88,932 93,358
Creditors
Amounts falling due within one year 7 20,740 54,754
Net current assets 68,192 38,604
Total assets less current liabilities 353,039 180,240

Creditors
Amounts falling due after more than one
year

8

282,232

147,352
Net assets 70,807 32,888

Capital and reserves
Called up share capital 9 100 100
Retained earnings 70,707 32,788
Shareholders' funds 70,807 32,888

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

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

KERAI MINI MARKET LTD (REGISTERED NUMBER: 12091483)

BALANCE SHEET - continued
31st December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th March 2025 and were signed on its behalf by:





M Kerai - Director


KERAI MINI MARKET LTD (REGISTERED NUMBER: 12091483)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2024

1. Statutory information

Kerai Mini Market 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.

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 2020, 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 - 18% on reducing balance
Motor vehicles - 18% on reducing balance
Equipment - 25% 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 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.

KERAI MINI MARKET LTD (REGISTERED NUMBER: 12091483)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2024

2. Accounting policies - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. Employees and directors

The average number of employees during the year was 6 (2023 - 6 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1st January 2024
and 31st December 2024 60,000
Amortisation
At 1st January 2024 9,000
Charge for year 3,000
At 31st December 2024 12,000
Net book value
At 31st December 2024 48,000
At 31st December 2023 51,000

5. Tangible fixed assets
Fixtures
and Motor
fittings vehicles Equipment Totals
£    £    £    £   
Cost
At 1st January 2024 18,933 82,940 4,902 106,775
Additions 154,543 - 408 154,951
At 31st December 2024 173,476 82,940 5,310 261,726
Depreciation
At 1st January 2024 7,740 7,048 1,351 16,139
Charge for year 1,679 6,071 990 8,740
At 31st December 2024 9,419 13,119 2,341 24,879
Net book value
At 31st December 2024 164,057 69,821 2,969 236,847
At 31st December 2023 11,193 75,892 3,551 90,636

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 5,000 5,000

KERAI MINI MARKET LTD (REGISTERED NUMBER: 12091483)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2024

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 14,124 39,502
Taxation and social security 3,816 12,602
Other creditors 2,800 2,650
20,740 54,754

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 33,028 64,869
Other creditors 249,204 82,483
282,232 147,352

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 33,028 64,869

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100