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REGISTERED NUMBER: 02142251 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

SUPRA ENTERPRISES LIMITED

SUPRA ENTERPRISES LIMITED (REGISTERED NUMBER: 02142251)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SUPRA ENTERPRISES LIMITED

COMPANY INFORMATION
for the year ended 31 August 2024







DIRECTORS: Mr S M Ruparelia
Mrs R S Ruparelia





REGISTERED OFFICE: Unit 2
Charnwood Edge Business Park
Syston Road
Leicester
LE7 4UZ





REGISTERED NUMBER: 02142251 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
Unit 2 Charnwood Edge Business Park
Syston Road, Leicester
LE7 4UZ
Magma Audit LLP is part
Of the Dains Group

SUPRA ENTERPRISES LIMITED (REGISTERED NUMBER: 02142251)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,611 2,605

CURRENT ASSETS
Stocks 171,324 135,421
Debtors 5 533,937 947,963
Cash at bank 5,468,989 5,086,033
6,174,250 6,169,417
CREDITORS
Amounts falling due within one year 6 (222,301 ) (391,046 )
NET CURRENT ASSETS 5,951,949 5,778,371
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,956,560

5,780,976

PROVISIONS FOR LIABILITIES (1,150 ) -
NET ASSETS 5,955,410 5,780,976

CAPITAL AND RESERVES
Called up share capital 1,030 1,030
Retained earnings 5,954,380 5,779,946
5,955,410 5,780,976

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

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

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by:





Mr S M Ruparelia - Director


SUPRA ENTERPRISES LIMITED (REGISTERED NUMBER: 02142251)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2024


1. STATUTORY INFORMATION

Supra Enterprises 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.

The presentation currency of the financial statements is pound sterling (£) and figures are rounded to the nearest £1.

Turnover
Turnover is derived from the trade of goods and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of goods
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed ot the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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 leasehold- straight line over 15 years
Fixtures & fittings- 25% reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate.


SUPRA ENTERPRISES LIMITED (REGISTERED NUMBER: 02142251)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024


2. ACCOUNTING POLICIES - continued
Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold and
improvements fittings Totals
£    £    £   
COST
At 1 September 2023 300,437 119,672 420,109
Additions - 3,241 3,241
Disposals - (1,290 ) (1,290 )
At 31 August 2024 300,437 121,623 422,060
DEPRECIATION
At 1 September 2023 300,437 117,067 417,504
Charge for year - 1,235 1,235
Eliminated on disposal - (1,290 ) (1,290 )
At 31 August 2024 300,437 117,012 417,449
NET BOOK VALUE
At 31 August 2024 - 4,611 4,611
At 31 August 2023 - 2,605 2,605

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 522,959 939,471
Other debtors 10,978 8,492
533,937 947,963

SUPRA ENTERPRISES LIMITED (REGISTERED NUMBER: 02142251)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 64,610 64,876
Taxation and social security 152,566 306,200
Other creditors 5,125 19,970
222,301 391,046

7. OTHER FINANCIAL COMMITMENTS

Operating lease commitments not included in the balance sheet amount to £80,000 (2023 - £80,000).

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
Mr S M Ruparelia and Mrs R S Ruparelia
Balance outstanding at start of year - -
Amounts advanced 330 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 330 -