IRIS Accounts Production v24.2.0.383 08564211 Board of Directors Board of Directors Board of Directors Board of Directors 1.8.23 31.7.24 31.7.24 false true false false false true false Ordinary Share Capital 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh085642112023-07-31085642112024-07-31085642112023-08-012024-07-31085642112022-07-31085642112022-08-012023-07-31085642112023-07-3108564211ns15:EnglandWales2023-08-012024-07-3108564211ns14:PoundSterling2023-08-012024-07-3108564211ns10:Director12023-08-012024-07-3108564211ns10:Director22023-08-012024-07-3108564211ns10:Director32023-08-012024-07-3108564211ns10:Director42023-08-012024-07-3108564211ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3108564211ns10:SmallEntities2023-08-012024-07-3108564211ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3108564211ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3108564211ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3108564211ns10:FullAccounts2023-08-012024-07-310856421112023-08-012024-07-3108564211ns10:OrdinaryShareClass12023-08-012024-07-3108564211ns10:RegisteredOffice2023-08-012024-07-3108564211ns5:CurrentFinancialInstruments2024-07-3108564211ns5:CurrentFinancialInstruments2023-07-3108564211ns5:Non-currentFinancialInstruments2024-07-3108564211ns5:Non-currentFinancialInstruments2023-07-3108564211ns5:ShareCapital2024-07-3108564211ns5:ShareCapital2023-07-3108564211ns5:RevaluationReserve2024-07-3108564211ns5:RevaluationReserve2023-07-3108564211ns5:RetainedEarningsAccumulatedLosses2024-07-3108564211ns5:RetainedEarningsAccumulatedLosses2023-07-3108564211ns5:NetGoodwill2023-08-012024-07-3108564211ns5:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3108564211ns5:LandBuildings2023-08-012024-07-3108564211ns5:PlantMachinery2023-08-012024-07-3108564211ns5:NetGoodwill2023-07-3108564211ns5:NetGoodwill2024-07-3108564211ns5:NetGoodwill2023-07-3108564211ns5:LandBuildings2023-07-3108564211ns5:PlantMachinery2023-07-3108564211ns5:FurnitureFittings2023-07-3108564211ns5:FurnitureFittings2023-08-012024-07-3108564211ns5:LandBuildings2024-07-3108564211ns5:PlantMachinery2024-07-3108564211ns5:FurnitureFittings2024-07-3108564211ns5:LandBuildings2023-07-3108564211ns5:PlantMachinery2023-07-3108564211ns5:FurnitureFittings2023-07-3108564211ns5:MotorVehicles2023-07-3108564211ns5:ComputerEquipment2023-07-3108564211ns5:MotorVehicles2023-08-012024-07-3108564211ns5:ComputerEquipment2023-08-012024-07-3108564211ns5:MotorVehicles2024-07-3108564211ns5:ComputerEquipment2024-07-3108564211ns5:MotorVehicles2023-07-3108564211ns5:ComputerEquipment2023-07-3108564211ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-07-3108564211ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3108564211ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-07-3108564211ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-07-3108564211ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-07-3108564211ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-07-3108564211ns5:Secured2024-07-3108564211ns5:Secured2023-07-3108564211ns10:OrdinaryShareClass12024-07-3108564211ns5:RetainedEarningsAccumulatedLosses2023-07-3108564211ns5:RevaluationReserve2023-07-3108564211ns5:RetainedEarningsAccumulatedLosses2023-08-012024-07-31
REGISTERED NUMBER: 08564211 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Bristol Sweet Mart Limited

Bristol Sweet Mart Limited (Registered number: 08564211)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bristol Sweet Mart Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: A G K Ismail
S K Ismail
Y K Majothi
R K Majothi





REGISTERED OFFICE: Brunel House
11 The Promenade
Clifton Down
Bristol
BS8 3NG





REGISTERED NUMBER: 08564211 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Brunel House
11 The Promenade
Clifton Down
Bristol
BS8 3NG

Bristol Sweet Mart Limited (Registered number: 08564211)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 81,410 101,763
Tangible assets 5 1,563,173 1,583,290
1,644,583 1,685,053

CURRENT ASSETS
Stocks 654,242 703,544
Debtors 6 246,403 294,872
Cash at bank and in hand 16,074 28,085
916,719 1,026,501
CREDITORS
Amounts falling due within one year 7 1,400,462 1,492,842
NET CURRENT LIABILITIES (483,743 ) (466,341 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,160,840

1,218,712

CREDITORS
Amounts falling due after more than one year 8 (294,510 ) (310,547 )

PROVISIONS FOR LIABILITIES (32,605 ) (28,782 )
NET ASSETS 833,725 879,383

CAPITAL AND RESERVES
Called up share capital 10 400 400
Fair value reserve 11 693,119 693,119
Retained earnings 11 140,206 185,864
SHAREHOLDERS' FUNDS 833,725 879,383

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

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

Bristol Sweet Mart Limited (Registered number: 08564211)

Balance Sheet - continued
31 July 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 2 April 2025 and were signed on its behalf by:




A G K Ismail - Director S K Ismail - Director




Y K Majothi - Director R K Majothi - Director


Bristol Sweet Mart Limited (Registered number: 08564211)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Bristol Sweet Mart 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 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 existing business, is being amortised over its remaining useful life of ten 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.
Land and buildings - 2% on cost
Plant and machinery etc - 33.33% on reducing balance basis, 25% on reducing balance basis and 15% on reducing balance basis

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 Income Statement, 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.

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 47 (2023 - 47 ) .

Bristol Sweet Mart Limited (Registered number: 08564211)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 203,526
AMORTISATION
At 1 August 2023 101,763
Amortisation for year 20,353
At 31 July 2024 122,116
NET BOOK VALUE
At 31 July 2024 81,410
At 31 July 2023 101,763

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 August 2023 1,545,000 29,123 107,643
Additions - - 14,204
At 31 July 2024 1,545,000 29,123 121,847
DEPRECIATION
At 1 August 2023 41,200 21,107 62,387
Charge for year 20,600 1,168 7,130
At 31 July 2024 61,800 22,275 69,517
NET BOOK VALUE
At 31 July 2024 1,483,200 6,848 52,330
At 31 July 2023 1,503,800 8,016 45,256

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 118,147 21,964 1,821,877
Additions - 1,072 15,276
At 31 July 2024 118,147 23,036 1,837,153
DEPRECIATION
At 1 August 2023 94,689 19,204 238,587
Charge for year 5,590 905 35,393
At 31 July 2024 100,279 20,109 273,980
NET BOOK VALUE
At 31 July 2024 17,868 2,927 1,563,173
At 31 July 2023 23,458 2,760 1,583,290

Land and buildings were valued at £1,545,000 on 29 July 2021 by an independent valuer - Balden Commercial Property Consultants.

Bristol Sweet Mart Limited (Registered number: 08564211)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 212,900 269,560
Other debtors 21,967 17,867
Prepayments 11,536 7,445
246,403 294,872

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 190,100 235,250
Hire purchase contracts 4,880 6,507
Trade creditors 978,851 1,024,697
Tax 58,534 59,606
Social security and other taxes 25,567 19,290
Wages control 50,903 43,674
Other creditors 2,910 3,418
Credit Card 4,294 3,000
Directors' loan accounts 71,733 80,243
Accrued expenses 12,690 17,157
1,400,462 1,492,842

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Esme Loan - 2,983
Lloyds loan account 2 27,754 32,052
Bounce back loan 19,286 19,286
Lloyds loan account 1 204,312 240,640
Lloyds loan 2,158 10,706
Other loans - 1-2 years 41,000 -
Hire purchase contracts - 4,880
294,510 310,547

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Lloyds loan account 1 204,312 240,640
Lloyds loan 2,158 10,706
206,470 251,346

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 133,994 155,784
Bank loans 309,616 385,133
443,610 540,917

Bank Loans are secured through a legal charge over freehold properties at 71, 73,75,78,80,82 & 84 St Marks Road, Bristol and on 26 & 27 Henrietta Street, Bristol.

Bristol Sweet Mart Limited (Registered number: 08564211)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
400 Ordinary Share Capital £1.00 400 400

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 August 2023 185,864 693,119 878,983
Profit for the year 54,342 54,342
Dividends (100,000 ) (100,000 )
At 31 July 2024 140,206 693,119 833,325