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REGISTERED NUMBER: 06903385 (England and Wales)


Financial Statements for the Year Ended 30 June 2024

for

Quality Supermarket UK Limited

Quality Supermarket UK Limited (Registered number: 06903385)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Quality Supermarket UK Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr Gurmeet Singh Arora
Mrs Amarjeet Kaur Arora





SECRETARY: Mrs Amarjeet Kaur Arora





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
West Midlands
CV6 4AD





REGISTERED NUMBER: 06903385 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Quality Supermarket UK Limited (Registered number: 06903385)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 25,325 25,325
Property, plant and equipment 5 65,445 17,496
90,770 42,821

CURRENT ASSETS
Inventories 28,545 25,298
Debtors 6 1,549 76,330
Cash at bank and in hand 4,549 5,915
34,643 107,543
CREDITORS
Amounts falling due within one year 7 83,853 100,152
NET CURRENT (LIABILITIES)/ASSETS (49,210 ) 7,391
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,560

50,212

CREDITORS
Amounts falling due after more than one
year

8

40,881

49,674
NET ASSETS 679 538

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 677 536
SHAREHOLDERS' FUNDS 679 538

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Quality Supermarket UK Limited (Registered number: 06903385)

Statement of Financial Position - continued
30 June 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 22 March 2025 and were signed on its behalf by:




Mr Gurmeet Singh Arora - Director



Mrs Amarjeet Kaur Arora - Director


Quality Supermarket UK Limited (Registered number: 06903385)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Quality Supermarket UK 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 represents net value of sales, excluding value added tax.

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.
Plant and machinery etc - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 25,325
NET BOOK VALUE
At 30 June 2024 25,325
At 30 June 2023 25,325

Quality Supermarket UK Limited (Registered number: 06903385)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 2 58,007 58,009
Additions - 53,098 53,098
At 30 June 2024 2 111,105 111,107
DEPRECIATION
At 1 July 2023 - 40,513 40,513
Charge for year - 5,149 5,149
At 30 June 2024 - 45,662 45,662
NET BOOK VALUE
At 30 June 2024 2 65,443 65,445
At 30 June 2023 2 17,494 17,496

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 1,549 76,330

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 10,127 9,999
Trade creditors 30,522 44,746
Taxation and social security 4,346 8,112
Other creditors 38,858 37,295
83,853 100,152

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 34,128 39,398
Hire purchase contracts 6,753 10,276
40,881 49,674

Quality Supermarket UK Limited (Registered number: 06903385)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
2 Ordinary £1 2 2

10. RELATED PARTY DISCLOSURES

During the year, the Company has paid rent of £20,540 (2023: £20,540) in respect of use of business property owned by the directors