Company Registration No. 05874609 (England and Wales)
Sila Supermarket Limited
Unaudited accounts
for the year ended 31 August 2024
Sila Supermarket Limited
Unaudited accounts
Contents
Sila Supermarket Limited
Company Information
for the year ended 31 August 2024
Company Number
05874609 (England and Wales)
Registered Office
15-17 Vicarage Lane
London
E6 6AD
United Kingdom
Accountants
DNG Associates
214 Baker Street
Enfield
London
EN1 3JT
Sila Supermarket Limited
Statement of financial position
as at 31 August 2024
Tangible assets
6,977
8,555
Cash at bank and in hand
747
3,195
Creditors: amounts falling due within one year
(24,826)
(25,780)
Net current assets
19,381
28,183
Total assets less current liabilities
26,358
36,738
Creditors: amounts falling due after more than one year
(10,000)
(20,000)
Called up share capital
100
100
Profit and loss account
16,258
16,638
Shareholders' funds
16,358
16,738
For the year ending 31 August 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 March 2025 and were signed on its behalf by
Mr N Aydemir
Director
Company Registration No. 05874609
Sila Supermarket Limited
Notes to the Accounts
for the year ended 31 August 2024
Sila Supermarket Limited is a private company, limited by shares, registered in England and Wales, registration number 05874609. The registered office is 15-17 Vicarage Lane, London, E6 6AD, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
18% Reducing balance
Fixtures & fittings
18% Reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Sila Supermarket Limited
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 September 2023
19,399
11,299
30,698
At 31 August 2024
19,399
11,299
30,698
At 1 September 2023
15,598
6,545
22,143
Charge for the year
722
856
1,578
At 31 August 2024
16,320
7,401
23,721
At 31 August 2024
3,079
3,898
6,977
At 31 August 2023
3,801
4,754
8,555
Amounts falling due within one year
Other debtors
13,500
18,808
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Taxes and social security
10,490
14,044
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).