Registered number
11436055
Miahs Mini Market Limited
Filleted Accounts
31 October 2024
Miahs Mini Market Limited
Registered number: 11436055
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 17,411 18,925
Current assets
Stocks 29,290 18,430
Cash at bank and in hand 839 3,948
30,129 22,378
Creditors: amounts falling due within one year 4 (13,800) (16,134)
Net current assets 16,329 6,244
Net assets 33,740 25,169
Capital and reserves
Share premium 100 100
Profit and loss account 33,640 25,069
Shareholders' funds 33,740 25,169
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 her 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.
Mr Mohammed Hayder Miah
Director
Approved by the board on 15 April 2025
Miahs Mini Market Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Fixtures, fittings, tools and equipment 10% Streight Line
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Fixture & Fittings
£
Cost
At 1 November 2023 28,417
At 31 October 2024 28,417
Depreciation
At 1 November 2023 9,492
Charge for the year 1,514
At 31 October 2024 11,006
Net book value
At 31 October 2024 17,411
At 31 October 2023 18,925
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 384 3,340
Corporation tax 3,847 3,244
Other creditors 9,569 9,550
13,800 16,134
5 Controlling party
Mr Mohammed Hayder Miah has controlling interest in the company by the virtue of his 100% each holding of the ordinary shares of the company.
6 Other information
Miahs Mini Market Limited is a private company limited by shares and incorporated in England. Its registered office is:
57-59 Armadale Road
Dukinfield
Stockport
SK16 4BD
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