Zahla Supermarket Limited

Registered number

11036500

Report and Financial Statements

31 October 2023

Zahla Supermarket Limited
Registered number:		11036500
Director's Report

The director presents his report and financial statements for the year ended 31 October 2023.

Principal activities
The company's principal activity during the year was that of wholsale of fruit and vegetable juices, mineral water and soft drinks.

Directors
The following persons served as directors during the year:

	S S Ahmed

Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 19 May 2024 and signed on its behalf.





S S Ahmed
Director

Zahla Supermarket Limited
Profit and Loss Account
for the year ended 31 October 2023


	2023	2022
	£	£

Turnover	6,420,548	5,585,624

Cost of sales	(4,505,521)	(4,256,199)

Gross profit	1,915,027	1,329,425

Administrative expenses	(706,888)	(631,450)

Operating profit	1,208,139	697,975

Interest receivable	31	6
Interest payable	(483)	(421)

Profit on ordinary activities before taxation	1,207,687	697,560

Tax on ordinary activities	(27,157)	2,309

Profit for the financial year	1,180,530	699,869

Zahla Supermarket Limited
Registered number:		11036500
Balance Sheet
as at 31 October 2023

Notes		2023		2022
		£	£	£	£
Fixed assets
Tangible assets	3		1,669,375		770,314

Current assets
Stocks		76,454		41,597
Debtors	4	16,352		11,417
Cash at bank and in hand		413,628		62,613
		506,434		115,627

Creditors: amounts falling due within one year	5	(76,829)		(45,699)

Net current assets			429,605		69,928

Total assets less current liabilities			2,098,980		840,242

Creditors: amounts falling due after more than one year	6		(122,475)		(44,267)


Net assets			1,976,505		795,975

Capital and reserves
Called up share capital			100		100
Profit and loss account			1,976,405		795,875

Shareholders' funds			1,976,505		795,975

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

S S Ahmed
Director
Approved by the board on 19 May 2024

Zahla Supermarket Limited
Notes to the Accounts
for the year ended 31 October 2023


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	15% reducing balance basis

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

2	Employees		2023	2022
Number				Number

	Average number of persons employed by the company		18	15


3	Tangible fixed assets
		Plant and machinery etc		Total
		£		£
	Cost
	At 1 November 2022	926,747		926,747
	Additions	1,193,657		1,193,657
	At 31 October 2023	2,120,404		2,120,404

	Depreciation
	At 1 November 2022	156,433		156,433
	Charge for the year	294,596		294,596
	At 31 October 2023	451,029		451,029

	Net book value
	At 31 October 2023	1,669,375		1,669,375
	At 31 October 2022	770,314		770,314


4	Debtors		2023	2022
			£	£

	Other debtors		16,352	11,417
			16,352	11,417


5	Creditors: amounts falling due within one year		2023	2022
			£	£

	Trade creditors		31,748	24,818
	Corporation tax		27,157	-
	Other taxes and social security costs		10,472	12,691
	Other creditors		7,452	8,190
			76,829	45,699


6	Creditors: amounts falling due after one year		2023	2022
			£	£

	Other creditors		122,475	44,267


7	Other information

	Zahla Supermarket Limited is a private company limited by shares and incorporated in England. Its registered office is:
	1 Izabella House
	24-26 Regent Place
	City Centre
	Birmingham
	B1 3NJ